MDEC and Partners Offer Fintech Foundation Program To Upkill Talents To Embark Fintech Innovations

Date : 15-Sep-2021
Location: Malaysia


  • Malaysia Digital Economy Corporation (MDEC),the agency under the Ministry of Communications and Multimedia Malaysia leading the digital transformation of the economy for 25 years.
  • FinTech Association of Malaysia,aspires to be the key enabler and the national platform in fast-tracking Malaysia as the hub of FinTech innovations and investments in the region.
  • 10x1000 Tech for Inclusion,a member of ANT Group, and is an open and global fintech training platform that enables learners to become drivers of digital economic growth.

Key Takeaways:

  • The Malaysia Digital Economy Corporation (“MDEC”) and FinTech Association of Malaysia (“FAOM”) will partner with 10x1000 to recruit 200 Flex learners locally to embark on the program in October 2021.
  • MDEC plans to recruit Flex learners via collaboration with ecosystem partners and also state digital agencies such as Selangor Information Technology and Digital Economy Corporation (SIDEC), Digital Penang and Digital Perak, while members of FAOM are eligible to apply for Flex program via the association.


  • MDeC to offer up to 200 individuals with Fintech Foundation Program Flex, an online certificate program providing practitioners with the mindset, knowledge, and skills to become drivers of digital economic growth.
  • Flex is a product of 10x1000 Tech for Inclusion.


  • Gopi Ganesalingam, Vice President, Tech Ecosystems and Globalisation, MDEC,said,Fintech is identified among five industry priorities in MDEC’s ‘Digital Investments Future5 (DIF5) Strategy’ to advance the nation’s digital economy in line with the Malaysia Digital Economy Blueprint (MyDIGITAL).
  • Karen S. Puah, President of Fintech Association of Malaysia (FAOM),said,the rapid adoption of digital financial services has been partly accelerated by Covid-19 pandemic,as well as the maturing of regulatory system targeting the Fintech industry,thus, prompting demands for new innovations.
  • Eric Jing, Chairman and CEO of Ant Group,said,the program allows learners to give back to the society when the graduated,as the society edges towards a fully emerged digital economy, this is in line with UN's Sustainable Development Goals (SDGs).


The partnership with MDEC and FAOM is part of 10x1000’s ongoing effort to deepen its collaborations with partners worldwide. Globally, 10x1000 has also forged partnerships with the IFC, United Nations Economic Commission for Africa, UN World Food Programme, SME Finance Forum Managed by the IFC, Dubai International Financial Centre, KPMG and fintech associations from Hong Kong, MENA, the Philippines, Singapore and Thailand to recruit Flex learners.

Adult students in a classroom

Photo by CX Insight on Unsplash