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Technological Impact On Financial Market Growing, Says SC

KUALA LUMPUR, May 19 (Bernama) -- Technology is starting to have a major impact on the financial market with digitisation and financial innovation developments taking place in the market, said Securities Commission Malaysia (SC) Chairman Datuk Ranjit Ajit Singh.

He said these developments provide greater democratisation of the market by disrupting traditional channels of intermediation hence enabling investors to benefit from greater access and cost savings.

"In emerging markets where a legacy structure is not in place, technology leapfrogging allows many of these markets to embrace technology and digital media at a more rapid pace," he said.....