MDEC and FinTech Association of Malaysia Partner with 10×1000 Tech for Inclusion to bring “Flex” Fintech Program to Malaysia

With the goal to bridge the digital skills gap to drive inclusion, fintech training platform 10×1000 Tech for Inclusion (“10×1000”) today launched its latest global program – Fintech Foundation Program Flex, an online certificate program providing practitioners with the mindset, knowledge, and skills to become drivers of digital economic growth.

The Malaysia Digital Economy Corporation (“MDEC”) and FinTech Association of Malaysia (“FAOM”) will partner with 10×1000 to recruit 200 Flex learners locally to embark on the program in October 2021. 

Speaking about the collaboration, 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). The ongoing digitalisation of the sector is expected to have a high impact on investment, jobs and contribution to GDP. This collaboration with 10×1000 to provide Flex program in Malaysia will help further strengthen our digitally-skilled talent pool, and contribute to our vision of driving Malaysia to become a globally competitive digital nation.”

Karen S. Puah, President of Fintech Association of Malaysia (FAOM), added: “Since the onset of the pandemic, we have seen accelerated growth in Malaysia’s fintech space driven by the rapid adoption of digital financial services and an improved regulatory environment to encourage innovations. To support and sustain this growth, there is an increasing need to reskill, upskill, as well as to introduce new skills to prepare the local workforce for the future needs of the industry, especially in emerging technologies such as blockchain, artificial intelligence, etc. We are excited to partner with 10×1000 to drive more collaborations and to provide the Flex program to our members to inspire more innovations.” 

“We are delighted to join hands with MDEC and FAOM to bring the 10×1000 training platform to learners worldwide, as we seek innovative approaches to meeting a common goal of bridging the digital skills gap,” said Eric Jing, Chairman and CEO of Ant Group, owner and operator of digital payments platform Alipay. “I am excited that learners from 10×1000’s new Flex program will gain the fintech knowledge they need to support their communities, and help bring us closer to meeting the UN Sustainable Development Goals (SDGs). “

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. 

The partnership with MDEC and FAOM is part of 10×1000’s ongoing effort to deepen its collaborations with partners worldwide. Globally, 10×1000 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.

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