KUALA LUMPUR, March 14 — The Securities Commission Malaysia (SC) will roll out a series of initiatives to deepen engagement with the industry and the broader digital innovation ecosystem.
Chairman Datuk Seri Dr Awang Adek Hussin said the initiatives include innopolicy roundtables, pitch and match sessions, and a financial technology (fintech) summit to further fintech development.
“From innopolicy roundtables to pitch and match sessions, as well as a big fintech summit at the end of the year, that will bring the industry together to raise awareness on fintech development.
“Recognising the importance of cybersecurity and technological risks, we are also organising capacity-building activities through our TechTrek programme,” he said in his virtual keynote address at the SCxSC Views from the Top’ Digital Leaders’ Dialogue on Emerging Tech’ today.
Awang Adek highlighted that over the past three decades, the Malaysian capital market has demonstrated a remarkable embrace of technology, from the introduction of electronic trading platforms to the emergence of online booking systems.
“The Covid-19 pandemic served as a catalyst, accelerating the pace of digitalisation.
“It has also given rise to new digital players, as well as forcing traditional incumbents to undergo transformation to stay relevant and meet the demands of a rapidly evolving market,” he added.
Therefore, Awang Adek said countries that embrace cutting-edge technologies like blockchain, artificial intelligence (AI) and machine learning are more likely to attract foreign investment.
“As technology continues to advance, staying at the forefront of innovation will be crucial for maintaining a competitive edge in the global market,” he said.
The SC chairman added that embracing emerging technology isn’t just about staying ahead of the curve.
“It is also about creating a better, more inclusive future for everyone. Whether it’s streamlining processes with AI or enhancing transparency with blockchain, the possibilities are endless.
“As a regulator, it is our job to ensure responsible innovation, ensuring that our regulatory framework remains robust and agile to safeguard investors’ interests and uphold market integrity,” he said.
— Bernama
