Bursa, TNG Digital, Affin Hwang team up for ‘invest via mobile app’ initiative

KUALA LUMPUR: Bursa Malaysia Bhd, TNG Digital Sdn Bhd (TNGD) and Affin Hwang Investment Bank Bhd have inked a memorandum of collaboration to enable in...

From left: TNGD CEO Alan Ni, Umar and Affin Hwang CEO Nurjesmi Mohd Nashir during the signing ceremony.Bursa Malaysia Bhd, TNG Digital Sdn Bhd and Affin Hwang Investment Bank Bhd have inked a memorandum of collaboration to enable investors to participate in the stock market through TNGD’s digital platform.

Bursa Malaysia CEO Datuk Muhamad Umar Swift said active retail participation benefits individual investors in terms of wealth generation, enhances market liquidity and depth, boosting economic growth. He said the solution will start with a sandbox model for testing purposes, as it needs to ensure that the regulations and features are consistent with existing rules.

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