MTA inks MOU with Infomina to promote takaful industry's fintech and digital innovation

The Malaysian Takaful Association (MTA) has inked a memorandum of understanding (MOU) with Infomina Bhd to conduct an evaluation on the viability of a productivity application named Videspace that functions as a team communication and collaboration tool.

Chief executive officer Mohd Radzuan Mohamed said the MTA had built roadmaps to implement the financial sector blueprint for the takaful industry, as well as the value-based intermediation for takaful (VBIT). He said to roll out the programmes under the initiatives would require effective communication.

“In total, we have 60 initiatives under the two roadmaps up until 2025. Therefore, effective collaboration and communication is a must to help us coordinate at the association level.

“The MOU provides an avenue for MTA to explore the use of new technology to enhance, at the outset, the association’s communications to and among its 18 member companies, and later with other industry  stakeholders, agents, consumers and the public,” Radzuan told reporters at the MOU signing event here on Wednesday (Aug 17).

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