CDC starts digital platform
January 2, 2021
KARACHI: The Central Depository Company of Pakistan Limited (CDC), through its subsidiary ITMinds Limited, has launched the pilot version of a digital platform for the support of the mutual fund industry, a statement said on Friday.
This platform, named “Emlaak Financials”, will function as a digital distribution channel initially for the mutual funds and later for other asset classes also, it added.
In the first phase, “Emlaak Financials” will provide a low-cost and centralised solution to investors, initially through covering low-risk investors, but will soon be expanded to a full-fledged distribution mechanism for all types of investors.
CDC Launches New FinTech Initiative of Mutual Fund Digital Platform
Central Depository Company of Pakistan Limited (CDC), through its subsidiary ITMinds Limited, has launched the pilot version of a digital platform to support the Mutual Fund industry. This platform, named “Emlaak Financials”, will function as a digital distribution channel initially for Mutual Funds and later on for other asset classes.
Commissioner of Specialized Companies Division (SCD) of the Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, presided over the event.
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In the first phase, ‘Emlaak Financials’ will provide a low-cost and centralized solution to the investors, initially through covering low-risk investors, but soon will be expanded to a full-fledged distribution mechanism for all types of investors.