Overview
Developments in Malaysian Fintech are altering the country’s financial sector landscape. However, they have major challenges: customers expect more affordable and easy-to-use products and services. Furthermore, FinTech companies have limited resources. Choosing the right IT infrastructure to support growth and innovation while keeping costs low is of critical importance.
With two data centers available in Malaysia, Alibaba Cloud's industry-leading tech allows FinTech companies to delegate infrastructure management to the cloud. Enabling them to stay focus on their core competency: business development.
Download the whitepaper “The Malaysian Fintech Industry - Guidance and Solutions” to learn how Alibaba Cloud's holistic Fintech proposition can help your business in Malaysia be at the forefront of the competition.
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FinTech Challenges and Solutions
From limited technological know-how to strict regulatory processes,
FinTech companies are facing a wide variety of challenges that can potentially limit business growth.
High Customer Expectation
Customers expect better services from FinTech companies than traditional financial giants. These customers expect an easy-to-use product despite complicated regulatory requirements. They prefer smarter and more instant customer service. These customer expectations are pushing FinTech companies to set up an agile development process and maintain a fast-paced product rollout.
Rapid Growth but Limited Resources
Most FinTech companies are start-ups with limited resources but need to support fast business growth. Examples include KYC processes, frequent releases for integration with more third-party products, transaction processes, and internal and external reporting requirements. How to choose the right technical platform that can support business growth is a challenge to most CTOs.
High Business Continuity Requirement
Financial business is sensitive to service instability and data inaccuracies. Both regulators and customers require transactions to be processed accurately and quickly with near-zero downtime. FinTech companies must have solid business continuity capabilities, such as running on a reliable, highly available platform to be able to recover from disasters.
Face Challenges? Contact Us to Get Full Solution Consultation
Contact SalesHow It Works
Your Challenge
Fintech most time are on-line business: user experience, transaction process, customer service is all on-line. So the infrastructure that supports business needs to reliable, scale and stable with reasonable cost.
Our Solution
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This solution provides the ability to easily scale up and down with no upfront payment. Deployment on more than one zone will help the organization to achieve better user satisfaction and meet business continuity requirements. Database hosting services of Alibaba Cloud allow enterprises to spin up and scale database instances on demand. These services provide automated monitoring and backup and disaster recovery capabilities throughout the transaction processing. Additionally, security services like WAF and Anti-DDoS Service help FinTech companies focus more on application security instead of infrastructure security. Contact us to get full solution consultation.
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Our Solution
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