According to the public relations and information center of the Vice-Presidency for science and technology affairs, given the importance of fintechs and active startups in this section in the past decade, the first special meeting on innovative application of technology in provision of financial services will be held with the support of the banking, payment and electronics services workgroup to present financial and legal services.

According to this report, Beh Hey Ching, one of the founders of fintech ecosystem of Malaysia and expert in financial technology industry, will present a lecture in this meeting.

Active fintechs and startups in the financial area have always attracted maximum attention due to increased trades and special focus on financial issues. In this regard, 930 million dollars in 2008 increased to 12 billion dollars in 2014. Large companies currently provide services related to financial areas, activities of which have led to job creation, simplification of financial exchanges, and saving the processing time through clear financial protocols.

Almost all of the financial institutes of the world and many large companies have entered this area, in which new businesses are supported to find their way in different areas, including cell phones, cloud processing, security and regulatory. In general, the growth rate of companies in the fintech area is about 26% every year and continues to increase. According to achievements to 2018, it is predicted that there will be eight billion dollars investment only by these banks in this area.