FinTech on Alibaba Cloud Malaysia

This solution enables Malaysian FinTech companies to run workloads on the cloud, bringing greater customer satisfaction with lower latency and higher scalability.

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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.

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Malaysian Data Center Keeps Data in Secure

Local Data Center

Dual available zone
for Fintech Companies

Regulatory Compliance

Meet the Bank Negara Malaysia (BNM)
security compliance

Cloud Security

End-To-End
Enterprise Security

24 x 7 Technical Support

1-on-1 Consultation
Faster Response

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.

Major Challenges

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.

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How 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

  • 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.

Elastic Compute Service

An online computing service that offers elastic and secure virtual cloud servers.

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ApsaraDB

Fully managed and less trouble database services.

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Object Storage Service

An encrypted and secure cloud storage service available from anywhere.

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Container Service

A high-performance and scalable container application management service.

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Your Challenge

It is common for FinTech companies to expand globally into new regions. In most cases, the customers and business applications are located in one region, while the backend systems are deployed in a different region.

Our Solution

  • This solution provides a way to quickly connect different regions using Alibaba Cloud global networks to support the performance of online applications. Alibaba’s global infrastructure and dedicated support team help FinTech companies quickly expand into new regions. Contact us to get full solution consultation.

ApsaraDB for Redis

A key value database service that offers in-memory caching and high-speed access.

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Cloud Enterprise Network

A global network for rapidly building a distributed business system and hybrid cloud.

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Elastic IP Address

A public IP address resource that you can purchase and use independently.

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Your Challenge

Migrating to the cloud is the right decision to make, but how can you get it done with minimal disruption to your business?

Our Solution

  • Alibaba Cloud offers comprehensive services and resources to ensure a smooth migration: from pre-migration evaluation to migration planning, from data migration to business application migration. The expert team has a proven track record in migrating services from on-premises data centers and other cloud vendors to Alibaba Cloud. Contact us to get full solution consultation.

Data Transmission Service

Supports data migration and data synchronization between different data engines.

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Data Transfer Plan

An easy-to-use traffic package that you can purchase at affordable prices.

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Elastic Compute Service

An online computing service that offers elastic and secure virtual cloud servers.

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Empowering Innovations with Alibaba Cloud FinTech Support

Alibaba Cloud provides a secure and intelligent service specifically designed to empower financial services on the cloud. Submit your application today, and one of our dedicated account managers will get in touch with you soon.

FinTech Essential

Get started building and running your FinTech websites, apps, and applications for free. With 16 free-trial products and over 20 always-free products, this package can help you test and run light workloads on the cloud.

Start for Free

Product Support

Free trial

Up to $1,000 in proof-of-concept credit

$1,500 proof-of-concept credit for big data services

Training Support

Clouder training course

DevOps learning path

Big Data learning path

Marketing & Sales Support

Invitation to exclusive local Alibaba Cloud events

Marketing support and co-marketing opportunities, plus a listing on www.alibabacloud.com as a FinTech Solution Provider

Account Support

24/7/365 customer support

Dedicated Account Manager with 1-on-1 consultation and preferred pricing plans

Cloud migration assistance

FinTech Pro

Get up to $1,000 in cloud credit to run your FinTech proof-of-concept project.

The $1,000 credit covers a large variety of products, including several of our computing, database, and security products. As part of this package, you also can take part in our DevOps training path and receive around-the-clock support for your cloud migration journey.

Apply for FinTech Pro Package

Product Support

Free trial

Up to $1,000 in proof-of-concept credit

$1,500 proof-of-concept credit for big data services

Training Support

Clouder training course

DevOps learning path

Big Data learning path

Marketing & Sales Support

Invitation to exclusive local Alibaba Cloud events

Marketing support and co-marketing opportunities, plus a listing on www.alibabacloud.com as a FinTech Solution Provider

Account Support

24/7/365 customer support

Dedicated Account Manager with 1-on-1 consultation and preferred pricing plans

Cloud migration assistance

FinTech Big Data

Get up to $3,500 credit to run your FinTech proof-of-concept project.

Once approved, the credit includes $2,000 for elastic computing, database, and security products, and $1,500 for big data services. As part of this package, you also can take part in our DevOps and Big Data training paths and receive around-the-clock support for your cloud migration journey.

Apply for FinTech Big Data Package

Product Support

Free trial

$2,000 proof-of-concept credit

$1,500 proof-of-concept credit for big data services

Training Support

Clouder training course

DevOps learning path

Big Data learning path

Marketing & Sales Support

Invitation to exclusive local Alibaba Cloud events

Marketing support and co-marketing opportunities, plus a listing on www.alibabacloud.com as a FinTech Solution Provider

Account Support

24/7/365 customer support

Dedicated Account Manager with 1-on-1 consultation and preferred pricing plans

Cloud migration assistance

TERMS AND CONDITIONS:
1. FinTech Support Plans are intended for new enterprise accounts in the financial industry only. Purchases must be made directly on www.alibabacloud.com to be eligible. Resellers, distributers, and offline customers are not eligible.
2. A specialist will get in touch with you shortly after submission. As part of the submission process, you will need to submit details of your proof-of-concept project for review and approval purposes.
3. The amount approved is subject to adjustment and may be only partially approved.

Customer Success Stories

See how companies large and small are leveraging Alibaba Cloud to grow and improve their business

The combination of Alibaba Cloud's capability and the expertise of Revenue Monster in containerized application infrastructure brings stability, new cutting-edge technology, global security standards, and operational effectiveness to its businesses and clients.

Revenue Monster is a Malaysia based financial technology company. We strive to reinvent today's businesses with cutting-edge FinTech solutions. Revenue Monster's unique blend of payment, social media, and loyalty merchant solutions help businesses to engage with its customers. Harnessed with the power of Alibaba Cloud, enterprises and financial institutions can now reimagine its future with Revenue Monster's Fintech as a Service (FaaS) and Financial Cloud solutions.

Alibaba Cloud has earned Lifebyte’s trust through the process of joint collaboration to work through any concerns and challenges of the business whilst taking time to understand the key business drivers. Alibaba Cloud's ability to connect with the China market was a huge advantage and enables Lifebyte to expand into new markets.

LifeByte, located in Sydney Australia, is a fin-tech company founded in 2016. LifeByte's mission is to integrate the global financial resources with their requirements through the progressive technology, and to create a fair, transparent and reliable fin-tech platform for financial professionals and financial institutions around the world.

Asakita chose to implement the system on Alibaba Cloud Container Service for Kubernetes as it is a Kubernetes Certified Service Provider (KCSP) and is qualified by Certified Kubernetes Conformance Program.

Asakita is a leading peer to peer lending online platform in Indonesia that provides all your financial needs through customized micro loan services. Our products are made with one goal in mind; to simplify the long-winded verification processes for loans, facilitating the disbursement of loan funds in just 5 minutes.

Alibaba Cloud's responsive and dedicated support team offered premium support that allowed TNG Digital to find fast solutions to any problem 24/7. Also, the cutting-edge cloud technology as well as the comprehensive security solution, enabled TNG Digital to comply with the regulatory requirements for faster go to market product deliverables.

TNG Digital Sdn Bhd is a joint venture between Touch ‘n Go Sdn Bhd and Ant Financial Group. Together they have embarked on a journey to support a reliable mobile wallet for Malaysians. By employing the same Alibaba Cloud Infrastructure-As-A-Service platform as Alipay, TNG Digital was able to harness cloud computing and the latest cloud technologies to enable Malaysians with the power of mobile payments.

Cynopsis Solutions is a Regulation Technology Company founded and based in Singapore, helping clients in the Financial Services Sector and the Professional Services Sector to better comply with ever-increasing regulatory requirements, in particular anti-money laundering (AML), counter-terrorism financing (CTF) and Know-Your-Customer (KYC).

By migrating to Alibaba Cloud, Oniontech improved system integration and management on a single cloud provider, operating seamlessly among HK, Mainland China, and South Korea. As a one-stop cloud provider, Alibaba Cloud was able to completely fulfill Oniontech's computer, database, network, security, and hybrid cloud requirements.

One of the biggest hassles of tourists traveling abroad is standing in a long line at the airport refund counter and applying for a tax refund. Oniontech hopes to change this. It offers travelers and refund agencies an easy and affordable way to get tax refunds. Started in Korea, Oniontech also operates globally and is the world's premier tax refund solution.

With the recent development by Razer Fintech on the e-Wallet, Alibaba Cloud was able to assist Razer with the overall guidelines and compliance of the e-wallet licensing. This allowed Razer Pay to comply with the necessary regulations set by the regulatory body to enable the product to be delivered on time.

Razer™ is the world's leading lifestyle brand for gamers. With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.

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