The Securities Synergising and Crowdfunding Forum 2016 (SCxSC 2016) took off this year with a special focus on three key areas.
With the theme “Capitalising Entrepreneurship”, the annual forum zoomed on market-based financing mechanisms such as equity crowdfunding (ECF) and peerto- peer (P2P) financing, digital investment services (which include robo-advisory services) and distributed ledger technology.
Hosted by the Securities Commission Malaysia (SC), the two-day event on Nov 3-4 was part of the commission’s ongoing efforts to lead the conversation in digitalisation of the capital market space.
“SC’s digital agenda aims to achieve four key objectives, namely to enhance access to financing, increase investor participation, augment the institutional market and develop a synergistic ecosystem.
Market-based financing including P2P and ECF will help enhance access to financing for entrepreneurs and SME businesses in Malaysia,” said SC chairman Tan Sri Ranjit Ajit Singh in the opening remarks.
The keynote address was delivered by Finance Minister II Datuk Johari Abdul Ghani.
At the event, SC introduced six registered P2P financing platform operators in Malaysia, who will be fully operational in 2017, to widen funding avenues for small and medium enterprises.
Malaysia is the first Asean country to regulate P2P financing.
The operators are B2B FinPAL Sdn Bhd, Ethis Kapital Sdn Bhd, FundedByMe Malaysia, ManagePay Services Sdn Bhd, Modalku Ventures Sdn Bhd and Peoplender Sdn Bhd.
The line-up of speakers included industry leaders from China, Australia, Singapore, the US, who shared insights into the latest in digital finance.