On the 18th of May 2022, our CEO See Wai Hun was invited as one of the panellists for CRDF Global’s Webinar Series Part 1: The Role of Women in STEM for Sustainable Economic Growth and Science & Technology, to shed light on women in Science, Technology, Engineering and Mathematics (STEM) in Malaysia. CRDF Global is an independent nonprofit organisation that promotes safety, security, and sustainability through international development and foreign assistance missions in over 120 countries. 

Moderated by Dr. Mahaletchumy Arujanan, the Global Coordinator at ISAAA and Executive Director of the Malaysian Biotechnology Information Centre in Malaysia, joined by Dianne Eldridge, the keynote speaker of the webinar and the esteemed panellists from Malaysia, Indonesia, Brunei, Singapore and Papua New Guinea. 

From left to right: See Wai Hun (Panellist), Lim Yang Mooi (Panellist), Mahaletchumy Arujanan (Moderator), Shaima Misli (Panellist), Sri Fatmawati (Panellist), Winifred Kula Amini (Panellist), Shanthi Ravindran (Panellist) and Nina Cairns (Organiser)

The session began with Dr. Maha, the moderator, opening the discussion by asking each panellist about the current state of women in STEM fields in their respective countries. Wai Hun shared her perspective on the state of women in STEM in our local economy, to which she highlighted that there is an increase in women’s participation in STEM education. For example, Malaysian girls are performing well in STEM from primary schools up to university, in both academic and extracurricular areas. In addition, Malaysia has achieved gender parity in STEM as 57% of our science degree holders nationally are women, and 29% of our engineering graduates in tertiary education were women. However, only 6% of women stayed in the industry working as professional engineers.

Dr. Maha then asked what was the driving force that triggered these changes, to which Wai Hun replies with the Malaysian government introducing certain strategies to improve women’s working conditions. For example, the Corporate Governance (CG) Blueprint 2011 and the current Malaysian Code on Corporate Governance 2021 (MCCG 2021) set by the Malaysian government aims to achieve 30% female representation in board membership. Malaysia has managed to achieve the highest percentage of women board members in Asia at 26%, ahead of similar economies like Singapore, Thailand and Hong Kong, and also the global average of 19.7%. Wai Hun also shared that Malaysia has the highest percentage of women chief financial officers among the Asian nations surveyed, more than double the global average of 15.7% (source: NST).

Although Malaysia has made amazing progress in assuring women’s involvement in the STEM industry, there are still issues to be addressed. One of them being women having faith in their own abilities. Many speakers, including Wai Hun herself, agree that a lot of women are still not very confident in themselves. For example, men will apply for a job if they meet 60% of the qualifications. Women, on the other hand, will only apply if they meet 100% of the qualifications. Wai Hun continues by sharing that her mother, a bright and intelligent woman, was unable to pursue higher education due to traditional stereotypes that existed back in the days, that women’s duties as a wife and a mother should come first before anything else, thus making her feel disheartened. 

The session ended with advice from all panellists, telling women and girls to be more confident in themselves and their abilities. If you ever feel doubtful of yourself or your abilities, don’t overthink, just do it. 

“Like Nike’s slogan, just do it,” – See Wai Hun, CEO of JurisTech & iMoney. 

About JurisTech

JurisTech (Juris Technologies) 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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JurisTech took part in the MDEC-JetroKL Digital Platform Transformation webinar last Tuesday on 16th November 2021. The objective of the webinar was for selected Malaysian Fintech companies to present and pitch the Malaysian Fintech landscape to the Japanese audience looking to break into the scene. JurisTech was invited to pitch about our company’s capabilities; other participating companies were CapBay (a P2P financing Fintech company), MDEC (Malaysia Digital Economy Corporation), and also Fintech Association of Malaysia (FAOM). 

The webinar kicked off with a simple introduction of the Malaysian Fintech landscape by FAOM and MDEC before it led onto CapBay and JurisTech pitching about their capabilities and expertise in supporting the Japanese audience to establish a base in Malaysia, intermittently translated by the assigned Japanese translator from JetroKL, Naoto Nomura. 

JurisTech spoke about the company’s capabilities, the services and products offered, as well as the company’s expertise in the Malaysian Fintech landscape. Wai Hun emphasises on JurisTech’s capabilities as one of the pioneers with in-house Fintech experts, besides having some of JurisTech’s products recognised by Visa.

She continued by delving into the challenges companies might face during the initial business set-up and product developments; as the multicultural demographic structure that includes multiple languages and religious practices can influence the purchasing decision made by the Malaysian market. Wai Hun then explained the social channel preferences of the Malaysian audience, with Facebook being the primary advertising method and WhatsApp as the preferred communication channel. 

JetroKL also coordinated a Q&A session; asking on behalf of the Japanese audience. Some of the questions directed to JurisTech revolved around what Wai Hun thinks of how banks and Fintech players in Malaysia can help to assist the underserved group. 

Wai Hun explains how the Fintech players in Malaysia assist the underserved market

Wai Hun elaborates on the advanced technologies implemented in JurisTech’s solutions that would help the financial and banking industry to identify the underserved audience and how the current Fintech landscape has diversified their products in order to offer more adaptive offerings. CapBay also opined on the new innovations the Fintech players came up with in order to bridge the gap between the financial institutions and the Malaysian audience.

The session closed with a summary of the topics and contents discussed in the webinar by JetroKL’s Japanese translator. JurisTech would like to thank MDEC and JetroKL for inviting us to take part in the webinar and we look forward to more in the future.

About JurisTech

JurisTech (Juris Technologies) 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.

The post JurisTech participated in MDEC-Jetro Digital Platform Transformation webinar to pitch to the Japanese audience appeared first on JurisTech.

In this webinar, you will learn about the difference between AI-based credit scoring and traditional credit scoring, including:

• What is the key challenge faced by banks, financial institutions, and leasing companies when it comes to credit scoring?
• How do we know who is credit-worthy and who is prone to becoming an NPL?
• How does an AI-based model deal with new trends?
• How does an AI create an AI?
• What does this mean for your business?

Speakers

1. Hosein Abedinpourshotorban, Data Scientist
2. Ang Kaiwei, Data Analyst

Moderator

• Ishtiaque Hossain, Communications Strategist

The post How does AI-based credit scoring fare against traditional credit scoring? appeared first on JurisTech.