ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jun 24, 2021 19:00 JST
Source:
Pertama Digital Berhad
Pertama Digital makes leap forward with two new investors for its digital bank
Pertama Digital has signed two MoUs to secure investment for its proposed digital bank
PENANG, Malaysia, Jun 24, 2021 - (ACN Newswire) - Pertama Digital Berhad announced today that it has signed Memoranda of Understanding (MoUs) with Perfect Hexagon Commodity and Investment Bank Limited ("PHCIB") and Alsirat Sdn Bhd ("ASB") to secure investment for its proposed digital bank.
Licensed as a Labuan investment bank under the Labuan Financial Services Authority, PHCIB is wholly owned under Perfect Hexagon Limited ("PHL"), a Hong Kong based entity. PHL is a global commodity and trade finance leader. PHL is also an Associate Participant of Bursa Malaysia Derivatives Berhad and a Liquidity Provider for the Hong Kong Exchanges and Clearing Limited.
Meanwhile, ASB is a wholly owned Bumiputera company that has more than 30 years' experience in delivering mission-critical projects for customers since its inception. It provides digital evidence management solutions, big data analytics, machine learning, artificial intelligence and Internet of Things services.
According to the two MoUs, PHCIB and ASB both wish to support financial inclusion initiatives by investing in the digital bank proposed by Pertama Digital. Both investors will participate by contributing to the digital bank's initial capital funds alongside Pertama Digital.
Pertama Digital's Director of Strategy, Saify Akhtar, who also leads the company's digital bank initiative, said: "We are pleased to welcome PHCIB and ASB as investors who bring additional long-term financial strength to our digital banking consortium, further enhancing our ability to deliver the financial inclusion objectives set out in Bank Negara Malaysia's licensing framework for digital banks."
PHL's Group Director, Yap Sheng Feng, said: "PHCIB's participation in this will be a synergistic collaboration with the consortium members, by leveraging on our experience in investment banking, treasury and asset management. With PHCIB's global presence, Pertama Digital's consortium can have a wider reach not just domestically but internationally as well."
ASB director Tan Sri Abdul Rashid bin Abdul Manaf added: "ASB has seen first-hand the need to accelerate digital inclusivity due to the nature of our business, and we have decided that Pertama Digital's unique focus on helping financially underserved Malaysians gain access to financial services is one that we would like to align ourselves with. The potential for horizontal synergies between ourselves, Pertama Digital and the digital bank is something that we look forward to as well."
Pertama Digital is building a bank with both ethical and digital cores, offering responsible financing for productive purposes, in the best interests of its customers. The consortium intends to handhold customers to boost financial literacy and improve the relationship between Malaysia's financially underserved and their money.
Pertama Digital, listed on the Main Market of Bursa Malaysia, received overwhelming shareholder approval on 21 August 2020 for its pivot from the textile business to the technology sector. Through an investment into homegrown govtech company, DAPAT Vista (M) Sdn Bhd, Pertama Digital is capitalising on global digital acceleration trends and has recently seen increased uptake in the group's innovative digital solutions such as MyPay and eJamin, the world's first smartphone court bail payment solution, now live in courts all over Malaysia.
Source: Pertama Digital Berhad
Sectors: Daily Finance, Crypto, Exchange, Blockchain Technology, Local Biz
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Eisai: "LEQEMBI" (Lecanemab) for the Treatment of Alzheimer's Disease Launched in China
Jun 28, 2024 15:57 JST
Amogy and Mitsubishi Shipbuilding Have Completed a Feasibility Study of Ammonia Supply System for Ammonia-Powered Maritime Solution
Jun 28, 2024 12:40 JST
MHI Invests in e-Zinc to Advance Long-duration Energy Storage in Zinc Metal
Jun 28, 2024 11:30 JST
DENSO Announces Personnel Changes
Jun 28, 2024 11:09 JST
Boosting Growth Investment to Power Mobility Company Transformation Toyota-AISIN Capital Ties Revised
Jun 27, 2024 16:23 JST
Mazda Production and Sales Results for May 2024
Jun 27, 2024 16:02 JST
Toyota: Sales, Production, and Export Results for May 2024
Jun 27, 2024 14:16 JST
Honda Issues "Honda ESG Data Book 2024"
Jun 27, 2024 13:17 JST
Mitsubishi Motors Added to FTSE4Good Index Series, FTSE Blossom Japan Index and FTSE Blossom Japan Sector Relative Index for Consecutive Years
Jun 26, 2024 11:07 JST
Fujitsu Announces Appointments to Executive Nomination and Compensation Committees
Jun 24, 2024 15:47 JST
TOYOTA GAZOO Racing fired up for summer of speed
Jun 21, 2024 17:05 JST
Eisai Continues Contract for FY2024 Dementia Examination Project by Tokyo Bunkyo City
Jun 21, 2024 15:35 JST
Fujitsu Japan and Kobe City Waterworks Bureau jointly develop an AI-based drawing screening system for water supply system construction applications
Jun 21, 2024 14:50 JST
NEC and Ursa Space collaborate on satellite image analysis services using one of the world's largest virtual constellations
Jun 20, 2024 13:20 JST
Hitachi Industrial Equipment Systems to Launch "Predictive Diagnosis Service" Proposal for Air Compressors Using Machine Learning
Jun 19, 2024 20:54 JST
NEC hosts New Zealand Prime Minister Christopher Luxon
Jun 19, 2024 19:00 JST
Mitsubishi Shipbuilding Receives Orders for Japan's First Methanol-Fueled RORO Cargo Ships
Jun 19, 2024 17:31 JST
Fujitsu Japan and Kamoenai Village in Hokkaido raise awareness for oral and dental healthcare
Jun 19, 2024 14:20 JST
Fujitsu to introduce superconducting quantum computer system at National Institute of Advanced Industrial Science and Technology
Jun 18, 2024 16:07 JST
Joint Study on the Social Implementation of Hydrogen and Decarbonized Fuels
Jun 18, 2024 11:21 JST
More Latest Release >>
Related Release
Pertama Digital announces 4 product partners for its digital bank
June 09 2021 20:00 JST
Pertama Digital expresses interest to apply for BNM's digital banking license, currently in talks to form dedicated consortium
April 23 2021 15:00 JST
More Press release >>