There is a lot of excitement in Fintech within the Asian region. The region is eager in experimenting on new financial technologies to solve some of the major problems in the economic system from unbank individuals, microfinancing and credits, to financial inclusion. However, fintech innovators are facing large hurdles and swimming upstream in the current traditional regulatory systems. Some countries within the region have decided to create a regulatory/advisory sandbox to give innovators the freedom to explore and find new blue oceans.
I had the opportunity to be one of the panel speakers for the 2017 Quarterly Islamic Finance Public Lecture IRCIEF-IRTI. The topic of the forum is "Forum: Fintech Technology: The Stand Of Banks".
In the forum, Ustaz Wan Rumaizi bin Wan Husin (Bank Rakyat/PRU-BSN-TAKAFUL) was the moderator. Some of the questions from the moderator were:
Assoc. Professor Dr. Rusni Hassan (IIUM) and Encik Zul from DinarPal was there too to answer some questions.
I can't specifically remember what was the questions and answers of the panel speakers, but here are what i said to some of the questions. Or to the ones that I remember.