KUALA LUMPUR: Securities Commission Malaysia (SC) and MIMOS yesterday signed a memorandum of understanding (MoU) to jointly develop a capital market advanced analytics platform.
By collaborating with MIMOS, the country’s research and development centre in ICT, SC will be able to leverage new technology to process a higher volume of data from a variety of sources beyond the traditional data sets, they said in a joint statement.
This will facilitate the usage of RegTech or technology to enhance regulatory effectiveness, and build Malaysia’s Big Data capability in the capital market.
SC is one of the first among its peers in the Asean region to implement and develop advance analytics to aid and complement its regulatory work.
The MoU was signed by SC chairman Tan Sri Ranjit Ajit Singh and MIMOS chief executive officer Datuk Abdul Wahab Abdullah.