INCEIF, Mimos to develop IF-based investment technology platform

Efforts are underway to develop a blueprint for an lslamic finance (IF)-based investment technology platform, marking yet another effort for Islamic financial technology (fintech).

Global Islamic university International Centre for Education in Islamic Finance (INCEIF), and national research and development (R&D) centre in information and communications technology (ICT) Mimos Bhd will collaborate in R&D of ICT, in particular the big data analytics, deep learning and fintech.

Both institutions would seek to exchange personnel for purposes that include teaching, research, training, study visits, internships or attachment.

Further, INCEIF and MIMOS may also cooperate in undertaking other activities such as field-testing, technology transfer and commercialisation of technological products, according to a statement released by INCEIF.

INCEIF president/CEO Prof Datuk Dr Azmi Omar said the collaboration was a fine example of like-minded partners budding on each other’s strengths and strategic focus.

“We look forward to translating the innovative ideas incubated through our research into a reality, be it a service or product which is of use to the society at large. As a global university specialising in postgraduate studies and applied research in IF, we are encouraged by this development and look forward to be part of the fintech movement,” he said.

Mimos president/CEO Ahmad Rizan lbrahim said MIMOS has established a couple of fintech collaborations during the past few years.

However, he said the technologies behind fintech, in particular big data analytics, deep learning and artificial intelligence, have been some of the key thrust areas at MIMOS for quite some time.

Mimos, the nation’s applied R&D centre in ICT, industrial electronics technology and nano-semiconductor technology, aims to contribute towards raising Malaysia’s competitiveness by pioneering market creation for Malaysian technopreneurs through patentable technology platforms, products and solutions.

Over the past 12 years, MIMOS said it has filed more than 2,000 intellectual properties in various technology domains and across key socio-economic areas.

Last year, Mimos unit, Mimos Semiconductor (M) Sdn Bhd signed a colaborative R&D agreement with Universiti Pendidikan Sultan Idris to develop graphene electronic technology to enhance both their competitive advantage in the technology and applications, especially in advanced materials for electronic devices. — TMR