The bank is targeting to attract at least 200 companies in its preliminary stage. These applicants will then undergo various shortlisting processes, which will ultimately see finalists invited to Kuala Lumpur.
Maybank head of corporate development and innovation Amran Hassan said, the initiative is part of the bank’s search for fintech, given its increasing importance.
He said, in a statement, the programme provides an ideal platform for fintech firms to meet and explore potential collaboration.
“By being in #MaybankFintech2016, participants will not only get a chance to meet industry experts within the bank, but also gain market validation and access to technical resources,” he added.
Amran said, as a leading banking group in the region, Maybank has always been committed to supporting value creation for the industry.
“Research shows that the adoption of technology is necessary to keep up with customer expectation on user experience. Hence, our interest in supporting this programme.”
The bank launched the inaugural programme last March, #MaybankFintech2015, which had generated a number of innovative ideas through the participation of more than 100 fintech firms from Malaysia, Indonesia, Singapore, Thailand, the Philippines, Vietnam, Japan, Tunisia, Ukraine, Chile and the United States.
Registration for #MaybankFintech2016 will be open until January 22, following which participating fintech companies will go through a series of preliminary evaluations. The grand finale will be held in March.