KUALA LUMPUR: Pertama Digital Bhd has inked a memorandum of understanding with CGS-CIMB Securities Sdn Bhd to develop and provide market digital financial services.

       In a statement, the fintech provider said the parties will collaborate on creating dependable products with a hyper focus on the needs of retail customers in support of the Securities Commission's Capital Market Masterplan 3.

       "The COVID-19 pandemic has accelerated the demand for digital financial services, including digital stockbroking.

       "There is an opportunity to give everyone access to the capital markets, regardless of their background. Through more equitable models powered by digital, we aspire to influence how the Rakyat builds wealth in the over 10 years," said Pertama Digital executive director Sabri Rahman.

       CGS-CIMB CEO Ruzi Rani Ajith added that it is committed to applying its expertise and resources towards opportunities in the national interest.

       "For example, we are keen to increase access to Islamic capital market products via digital channels to a wider audience both locally and regionally," he said.