KUALA LUMPUR: Radiance Assets Bhd, a shariah-compliant investment holding company focused on developing, innovating, and providing solutions in the financial sector, aspires to be the country's leader in artificial intelligence (AI) by 2025.
Its executive chairman Ezman Zamani believes the target is attainable and will enlist investors' assistance in funding the projects.
Ezman said Radiance Assets is accelerating its strategy, focusing on developing AI solutions for the public and private sectors to serve as an industry catalyst.
"So far, we have solid buy-in and support from our investors, but more importantly, we have to be very selective in the projects that we support.
"We believe with the right team, right investments, the support of our investors and customers, we can achieve a leading position in the industry within three years," he told the New Straits Times.
The company also providing financial consulting and legal advisory in its field of investment expertise.
Radiance Assets aims to lead the industry by seamlessly integrating financial and technology with creativity, innovations, and efficient solutions.
Ezman said the company has invested in MDHealthTrak, a medical technology project that enables individuals to obtain medical assistance and consultation from doctors via the internet.
MDHealthTrak is a (web and mobile) digital platform that efficiently delivers high-quality healthcare from your smartphone.
The platform is designed to track disease symptoms, facilitate communications for patients, providers and institutions, improve access to care and increase the efficiency of health-related services and information online.
"We are working on building a team to sell and roll out this technology. The team will also work on providing easy payment gateways for this.
"We plan to get Takaful or insurance companies to take up the technology, and we can arrange direct payments. I think this is a great example of how fintech can be integrated with meditech, thus supporting our investment into MDHealthtrak," he said.
Ezman said that Covid-19 has led to a surge in e-commerce and accelerated digital transformation amid slowing economic activity.
He stated that before the pandemic outbreak, Radiance Asset was already monitoring this industry due to the exponential growth of e-commerce in several countries.
"At RediPay Sdn Bhd, the company's subsidiary that is involved in fintech, we are providing effective and cost-efficient avenues for e-commerce online and digital payment solutions.
"The best way to do this is for businesses to ensure that when they build their e-commerce platform that they are connecting themselves with the right payment gateways, i.e. easy navigation and payment options that will provide the fastest and easiest way for consumers to process their purchases," he said.
Going forward, Ezman said as Radiance Asset is in the technology-driven arena where its business plans and goals are long-term, the company does not anticipate any impact on its business plan from Covid-19.
"With our fintech business, we are in the right place at the right time, whereby the pandemic assisted in the growth rather than having a negative impact.
"We believe the expertise and market exposure of our investment committee will hold us in good stead as we look for investments and projects that fit our investment criteria," he added.