KUALA LUMPUR: Bank Negara Malaysia and the Malaysian Remote Sensing Agency (MRSA), an agency under the Ministry of Science, Technology and Innovation (MOSTI), entered into a Memorandum of Understanding (MoU) to formalise a collaboration in the development of geo-spatial analytics.
BNM said the initiative is expected to enhance the identification and monitoring of financial access points in Malaysia through geo-spatial technology and satellite imaging.
This in turn will enable financial institutions to further improve the delivery of financial services to the public, the central bank said.
BNM added that a GPS-enabled application will be made available for the public to easily locate access points for their financial needs.
The MoU, signed by Abdul Rasheed Ghaffour, Deputy Governor of Bank Negara Malaysia and Azlikamil Napiah, Director General of MRSA, marks the further strengthening of inter-agency cooperation by the bank to advance financial inclusion through technology and innovation.