Affin
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About
MDEC's Corporate Innovation Initiative helps MNCs, PLCs, Corporates, and Mid-Tier Companies address strategic industry challenge statements through structured innovation. We connect enterprises with high-potential technology solution providers through technology scouting, business matching, and Proof of Concept (PoC) implementation.This strategic initiative creates qualified market access, deal flow, and scaling opportunities for Malaysian fintech and SaaS platform companies across ASEAN and beyond. Affin Bank is one of MDEC's Corporate Innovation partners in this initiative, joining a growing open innovation network of forward looking enterprises.
The Innovator
Affin Bank Berhad operates as the financial holding entity of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad and Affin Moneybrokers Sdn Bhd. Generali Insurance Malaysia Berhad and Generali Life Insurance Malaysia Berhad are affiliated companies of Affin Bank Berhad. AFFIN Group provides an array of financial products and services catering to individual, enterprise, commercial and corporate clients. The focus market segments are categorised under essential banking business units such as Community Banking, Enterprise Banking, Corporate Banking, Treasury, and Investment Banking.
Problem Statements
1
Embedded Banking & Fintech Innovation Challenge
How might fintech companies, SaaS platform providers and technology innovators help SMEs operate more efficiently, manage finances more effectively and access SME banking services seamlessly through embedded banking, open APIs and integrated digital banking solutions?
2
SME Growth & Digitalisation Challenge
How might technology, fintech and SaaS platform providers help SMEs overcome operational challenges, improve productivity, optimise cashflow management and accelerate business growth through scalable digital banking solutions integrated with SME banking services?
Awards
Pilot Development & Validation
Challenge Timeline
Challenge Launch
Applications open for Innovators and Solution Providers to apply through this innovation competition
1
Solution Evaluation & Shortlisting
Selected Innovators & Solution Providers will be called up for further evaluation and shortlisting
2
Pilot Development & Validation
Selected Innovator(s) & Solution Provider(s) will test their solution with the respective departments
3
1
Challenge Launch
Applications open for Innovators and Solution Providers to apply through this innovation competition
2
Solution Evaluation & Shortlisting
Selected Innovators & Solution Providers will be called up for further evaluation and shortlisting
3
Pilot Development & Validation
Selected Innovator(s) & Solution Provider(s) will test their solution with the respective departments
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