Asia Pacific Investment Bank will be launching an Islamic Digital Finance Fund in Malaysia to invest in syariah-compliant financial technology start-ups.
APIB director Datuk Foo Yong Hooi said the bank is an advocator and is committed to fintech. It has been in collaboration with Ripple to explore ways to facilitate cross-border transactions more efficiently. Foo also believes that the impact of investing in digital finance goes beyond the financial industry.
Investing in fintech start-ups could be perceived as too risky and lack of substance. These investments come with high risk and some fintech start-ups have lofty ambitions without strong fundamentals. This is where the collaboration between APIB and OUD comes into play, said Foo.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो: