IslamicFinance.de

Bank Negara is reviewing the changes needed for the adoption of financial technology, or fintech.
As Bank Governor Datuk Muhammad Ibrahim said at the Global Islamic Finance Forum the bank wants to ensure that the regulatory framework remains appropriate to manage the risks, while encouraging productive innovation. Fintech has immense potential in Islamic finance. An estimated 10 to 40 % of overall banking revenues could be at risk by 2025 due to fintech innovations, according to a McKinsey research and CB Insights.