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Bursa Malaysia Announces Strategic Collaboration To Expand Its Regional Digital Offerings Through The Launch Of DiBots

Date 07/08/2020

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) today launched a new strategic collaboration with World’vest Base Inc (“WVB”) to offer value-added data solutions. WVB is a company with expertise in the relational database of financial, statistical and market information. Under the collaboration, Bursa Malaysia will provide relevant Malaysia market data, while WVB will provide international financial and company-specific fundamental data. Both data sets will be made available on a new platform called “DIBots”, which will be offered to the industry through subscription. 

Today, companies regardless of size, sector or type, need to rely on multiple sources for data to address its diverse strategic, operational and regulatory needs. DIBots aims to address this fragmented data landscape by providing a one-stop cross-functional data solution to serve the various needs of companies, which includes, amongst other, investor relations, strategic and operational decision-making and its compliance requirements.

Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia said, “In today’s fast-changing environment, companies must be agile. They need to leverage opportunities provided by value-added data services that are available. Having precise insights at the right moment will give companies the ability to act and adapt quickly, especially during a period where digital and contactless business is increasingly becoming the norm.”  

“To address the information asymmetry of the market, Participating Organisations (POs) can leverage on this platform which will offer daily, relevant trade statistics,” he added. “We believe DIBots can emerge as the benchmark for service differentiation among other data service providers by offering expanded datasets not commonly available in the market.”  

Mr Philippe O’Piette, Chairman and Chief Executive Officer of WVB said, “DIBots will enable Bursa Malaysia to further expand its digital offerings to stakeholders in the capital market ecosystem. This value-added data proposition, delivered through a one-stop platform, will provide customers with unique and predictive insights at a highly affordable subscription pricing.”

WVB is an intelligent solutions provider with an established track record and recognised international presence. Through its DIBots Analytics Platform that has big data and AI technologies, the data offering can provide users with seamless connectivity and an in-depth visualisation of data collected from multiple sources. WVB’s customer base in the financial sector space includes government agencies, rating bureaus, financial intermediaries, accounting and tax advisory firms, academic institutions and third-party data integrators. DIBots is co-founded by its Chief Executive Officer, Lim Kok Eng, who has more than 20 years’ experience in data analytics, specialising in capital market data. 

This strategic collaboration with WVB is a step forward for Bursa Malaysia to evolve into a high-performance data-driven organisation. 

The DIBots analytics platform is targeted for a soft-launch in August, in collaboration with the Malaysia Investor Relations Association (MIRA), and selected Participating Organisations.