CDC Launches New FinTech Initiative of Mutual Fund Digital Platform
Central Depository Company of Pakistan Limited (CDC), through its subsidiary ITMinds Limited, has launched the pilot version of a digital platform to support the Mutual Fund industry. This platform, named “Emlaak Financials”, will function as a digital distribution channel initially for Mutual Funds and later on for other asset classes.
Commissioner of Specialized Companies Division (SCD) of the Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, presided over the event.
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In the first phase, ‘Emlaak Financials’ will provide a low-cost and centralized solution to the investors, initially through covering low-risk investors, but soon will be expanded to a full-fledged distribution mechanism for all types of investors.