EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Saturday, February 27, 2021
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription
Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

uLearnMONEY


Bursa Malaysia seeks out opportunities to collaborate with fintech companies

by moneycompass
February 22, 2021
in Local Corporate News
0
GETS shares, framework, Exempt Regime, Bursa, Chinese new year, Market
Share on FacebookShare on Twitter

KUALA LUMPUR – Bursa Malaysia Bhd is seeking out opportunities to collaborate with fintech (financial technology) companies or other strategic partners to strengthen its value proposition, thus increasing its agility and efficiency, reported Bernama.

Chief executive officer Datuk Muhamad Umar Swift said such efforts would help the exchange grow, capture new opportunities, innovate, and remain relevant in this fast-changing financial landscape,

“We are open as to potential collaboration and the nature of the same. We also look towards investment and adoption of new financial technologies through proof-of-concept (PoC) and investment in start-ups, to accelerate the adoption of new technology and with new partners to benefit the wider industry and drive the growth of the capital market,” he told.

Hence, Muhamad Umar said Bursa Malaysia has completed two PoCs where the collaborations were part of the exchange’s focus on technology-driven innovation.

“As we better understand the value of some of these opportunities and further our discussions with key partners, we may explore mergers and acquisition (M&A) should the opportunity arise,” he said.

However, Muhamad said Bursa Malaysia has no plans to merge with any exchange at this time.

It was reported that Singapore Exchange Ltd (SGX) is exploring mergers and acquisitions to drive its ambitions as a multi-asset exchange.

Commenting on SGX’s plan, Muhamad Umar said the local bourse sees SGX as a strong competitor and as a partner. Bursa Malaysia has worked synergistically with SGX for mutual benefit for many years now, for example, via the ASEAN Exchanges collaboration.

“We will also continue to engage in collaborations and knowledge sharing with specific peer exchanges. However, there are no plans to merge with any exchange, at this time.”

He stressed that Bursa Malaysia will continue to look for opportunities to collaborate towards contributing to the growth of the ASEAN economy, specifically across the capital markets of ASEAN.

The exchange remains focused on the bigger picture and the factors that are important to it, which is the growth in capabilities to serve its stakeholders and the growing breadth and depths of its offerings.

“This will contribute to showcasing the attractiveness of the ASEAN market as an asset class to global investors,” he added.

 

Read more: Ringgit little changed versus US dollar

Tags: ASEANBursa MalaysiaCapital MarketSGX
ShareTweetShareSendSend
Previous Post

Channel Capital Launches Offshore Governance Services Business to Be Headed by Mark Cook

Next Post

Max Capital Management to celebrate milestone with the MCM GIC Members Week

Related Posts

Property
Local Corporate News

Property market shows resilience with steady asking prices

26 Feb 2021
MIDA
Local Corporate News

MIDA urges domestic companies to adopt digitalisation and innovation in their business models to stay competitive

26 Feb 2021
new board committee, ecosystem, funding, MyDigital, digital
Local Corporate News

MDEC: Digital economy’s contribution to GDP to hit at least 20% by year-end

26 Feb 2021

Discussion about this post

Like Us On Facebook

Facebook Pagelike Widget

MOST POPULAR

  • market overview US

    How to Start Trading on the Malaysian Stock Market

    5 shares
    Share 5 Tweet 0
  • 5 Things You Need to Do Before You Start Investing

    0 shares
    Share 0 Tweet 0
  • AFL stars Xavier Duursma and Cam Zurhaar will share exclusive stories on free live stream session on Bigo Live

    0 shares
    Share 0 Tweet 0
  • The Swiss watch manufacturer Hublot, Official Timekeeper of the Premier League, announces a limited-edition version of the Big Bang e connected watch

    0 shares
    Share 0 Tweet 0
  • Malaysia’s Nanovon(TM) makes headway into Qatar, Russia, & Central Asia

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

loader

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

loader

Career