Thursday, 22 Apr 2021 08:02 PM MYT
KUALA LUMPUR, April 22 The Securities Commission Malaysia (SC) is in the process of creating an Islamic financial technology (fintech) accelerator programme in collaboration with The United Nations Capital Development Fund (UNCDF).
Its executive director of digital strategy and innovation Chin Wei Min said the new accelerator programme will be announced in the coming weeks and SC is working to create a market ecosystem that will spur a healthy growth in the fintech sector.
“The Islamic fintech and Islamic capital market in general has been a strategic focus for us this year.
“The key objective in creating the accelerator programme is to encourage more local and international providers to come to our place to continue to spur innovation within the whole Islamic fintech area.