Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift:"We also look towards investment and adoption of new financial technologies through proof-of-concept and investment in start-ups."is seeking out opportunities to collaborate with fintech companies or other strategic partners to strengthen its value proposition, thus increasing its agility and efficiency.
Hence, Muhamad Umar said Bursa Malaysia has successfully completed two PoCs where the collaborations were part of the exchange’s focus on technology-driven innovation. Commenting on SGX’s plan, Muhamad Umar said the local bourse sees SGX as a strong competitor and as a partner. "We will also continue to engage in collaborations and knowledge sharing with specific peer exchanges. However, there are no plans to merge with any exchange, at this time.”