KUALA LUMPUR: Bank Negara Malaysia (BNM) and the Malaysian Remote Sensing Agency (MRSA) have entered into a Memorandum of Understanding (MoU) to collaborate in the development of geospatial analytics.
The initiative is expected to enhance the identification and monitoring of financial access points in Malaysia through geospatial technology and satellite imaging, and in turn, will enable financial institutions to further improve the delivery of financial services to the public.
In addition, a global positioning system-enabled application will be made available for the public to easily locate access points for their financial needs, the central bank said in a statement yesterday.
It said the MoU with MRSA, an agency under the Ministry of Science, Technology and Innovation, marked the further strengthening of inter-agency cooperation by BNM to advance financial inclusion through technology and innovation.
Deputy Governor, Shaik Abdul Rasheed Abdul Ghaffour, signed on behalf of BNM while MRSA was represented by Director-General, Azlikamil Napiah. — Bernama