• JurisTech’s Fintech Footprint: From Malaysia To The Global Landscape


    In the dynamic realm where finance intersects with technology, the concept of “Fintech” has surged to the forefront as a transformative catalyst reshaping economies worldwide. Leading the charge in this fintech revolution is JurisTech, a forward-thinking enterprise steered by the visionary CEO See Wai Hun. In this article, we embark on a journey to uncover the pivotal factors steering the global fintech landscape, delve into JurisTech’s pivotal role in propelling this transformation, and gain glimpses into the future of fintech.

    Fintech and Its Global Impact

    What is Fintech?

    Fintech, a portmanteau of “financial technology,” refers to the innovative use of technology to deliver financial services more efficiently, affordably, and inclusively. Fintech companies leverage cutting-edge technologies such as artificial intelligence (AI), blockchain, and data analytics to reimagine traditional financial services, ranging from payments and lending to insurance and asset management.

    The Global Fintech Landscape

    The fintech landscape is undergoing rapid transformation globally, driven by several key factors:

    1. Increasing Digitisation: The proliferation of smartphones and internet access has empowered individuals worldwide with the ability to access financial services digitally. This digitalisation has created new opportunities for fintech companies to reach a global audience.
    2. Changing Consumer Expectations: Consumers are increasingly seeking convenience, transparency, and personalised financial solutions. Fintech companies are capitalising on these expectations by offering user-friendly apps, robo-advisors, and accessible financial products.
    3. Regulatory Support: Many governments and regulatory bodies are recognising the potential of fintech to improve financial inclusion and drive economic growth. They are introducing supportive regulations to foster fintech innovation.

    JurisTech: A Driving Force in the Malaysian Fintech Revolution

    The Visionary Leadership of See Wai Hun

    At the helm of JurisTech stands CEO See Wai Hun, a visionary leader with a deep commitment to driving fintech innovation. Her leadership has propelled JurisTech from a local innovator to a global influencer, leaving an indelible footprint on the fintech landscape.

    Fostering the Fintech Landscape Globally 

    JurisTech’s 2018 goal (100 10 10) was to reach 100 organisations, in 10 countries in 10 years, with a vision to create amazing solutions and build and enrich lives. Thus, the impact of working towards the global fintech landscape direction is significant, and we are driven by several key factors:

    1. Empowering Financial Inclusion: JurisTech has developed innovative credit scoring and lending solutions that empower individuals and businesses worldwide to access credit. By using artificial intelligence (AI) and data analytics, they have democratised finance, providing opportunities for those previously excluded from traditional financial systems.
    2. Enhancing Operational Efficiency: Through its cutting-edge technologies, JurisTech has helped financial institutions across the globe streamline their operations, reduce costs, and improve efficiency. This optimisation has direct implications for the profitability of these institutions and the broader economy.

    JurisTech: A Beacon of Innovation

    JurisTech is akin to a beacon of innovation in the fintech industry. Like many fintech companies, it harnesses AI and advanced machinery to provide groundbreaking products and solutions. However, JurisTech stands out in several remarkable ways:

    1. Redefining Financial Services: JurisTech’s solutions are created to revolutionise business models, processes, and operations. Utilising advanced technology, JurisTech envisions applying Generative AI (Gen AI) to  an AI industry analyst for credit papers. In this scenario, Gen AI would generate research on a company or its industry of operation automatically. Gen AI possesses sophisticated capabilities, such as decision-making, learning, and adaptation, that go beyond traditional machine learning AI. The advanced solutions of JurisTech are redefining how financial institutions interact with clients and streamline their operations.
    2. Meeting your Business’s Needs: JurisTech tailors your products and services to your business’s needs. With our customers in mind, JurisTech places a great emphasis on our delivery capabilities to put our products at the forefront of our client’s ongoing and future digital transformation. This approach sets JurisTech apart, the foresight to allow clients like banks and financial institutions to not only provide personalised financial solutions to their customers but also to generate greater revenue through technology.

    JurisTech’s Global Reach

    While JurisTech’s roots are in Malaysia, its influence extends far beyond national borders. The company’s global vision has led to collaborations with industry leaders across various sectors and regions.

    1. The alliance with a leading Japanese multinational automobile manufacturer has resulted in the development of advanced credit assessment models. These models have revolutionised lending practice, making credit more accessible to individuals and businesses.
    2. In partnership with one of the oldest multi-finance companies in Indonesia, JurisTech has introduced cutting-edge risk management solutions. These solutions enable the company to make informed lending decisions, reduce default rates, and support responsible lending practices.
    3. JurisTech’s association with the largest Islamic bank in Malaysia has led to the creation of innovative credit-scoring models that improve the bank’s lending processes and promote financial inclusion among Malaysians.
    4. Collaboration with one of the world’s leading premium manufacturers of automobiles and motorcycles, JurisTech’s collaboration with the organisation in Australia, showcases its ability to deliver tailored fintech solutions for the automobile industry through JurisTech’s digital onboarding solution. This partnership has streamlined financing processes, enhancing the overall customer experience.
    5. One of JurisTech’s most significant collaboration is with Malaysia’s largest bank. Through this partnership, JurisTech has helped the company create advanced credit scoring models and lending solutions, making credit more accessible to Malaysians and fostering economic growth.

    The Future of Finance: A Glimpse Through JurisTech’s Lens

    JurisTech’s journey from a Malaysian fintech innovator to a global industry influencer is not only remarkable but also provides insights into the future of finance. As fintech continues to evolve, here are some trends and possibilities we can anticipate, with JurisTech leading the way:

    1. AI-Powered Finance: JurisTech’s Alternative Data, with Machinery AI solutions, are indicative of the future of finance. AI will become increasingly sophisticated, enabling financial institutions to automate decision-making, personalise customer experiences, and manage risk more effectively.
    2. Prioritising Exceptional Customer Service: In the fintech industry, companies such as JurisTech are committed to delivering exceptional customer service. The financial ecosystem will place a greater emphasis on responsive and efficient support, ensuring a superior customer experience.
    3. Expanding Collaborative Ventures: JurisTech’s collaborative approach is gaining momentum. Notably, our partnerships with industry leaders like CTOS and iMoney exemplify mutually beneficial relationships that enhance services for end-users.

    Conclusion: Shaping a Brighter Financial Future 

    CEO See Wai Hun, at the helm of JurisTech, strongly believes in the quote:

    “We’re revolutionising the way financial transactions are conducted.”

    This quote reflects JurisTech’s mission, as detailed in this article, to harness data-driven fintech solutions for financial institutions’ empowerment and economic growth. Our company is at the forefront of innovative fintech solutions that enhance financial inclusion, operational efficiency, and customer-centricity. The collaborations with industry leaders like CTOS and iMoney underscore the urgency for banks to embrace data-centric innovation. The quote symbolises JurisTech’s commitment to a future where finance and technology seamlessly merge for the benefit of all stakeholders.

    JurisTech’s journey is not just a story of success; it’s a narrative of transformation, collaboration, and global impact. Under the visionary leadership of CEO See Wai Hun, the company has transcended boundaries and reshaped the global fintech landscape. From revolutionising lending practices to promoting financial inclusion and fostering cross-border collaborations, JurisTech’s influence is undeniable.

    As we look to the future of finance, we see a world where fintech innovation, driven by companies like JurisTech, will continue to enhance financial accessibility, efficiency, and inclusivity. With AI-powered solutions, digital identities, and customer-centricity at the forefront, we can expect a financial landscape that empowers individuals and businesses worldwide.

    JurisTech’s journey is a testament to the transformative power of fintech, and it leaves us with a clear message: the future of finance is bright, and it’s being shaped by those who dare to innovate and collaborate on a global scale. 

    About JurisTech

    JurisTech is a leading Malaysian-based Fintech company, specialising in enterprise-class software solutions for banks, financial institutions, and telecommunications companies in Malaysia, Southeast Asia, and beyond. 

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    By | 2024-01-26T10:12:16+00:00 11th September, 2023|Artificial Intelligence, Fintech, Insights|

    About the Author:

    Helanie Hisham, an intern at JurisTech with roots in Australia, brings a global perspective to her role. Her multicultural upbringing instills a deep appreciation for diversity, making her an effective communicator. Known for her passion in tracking the latest market trends, she brings innovation to Marketing and Communications at JurisTech.