Cairo – Mubasher: Mubasher Financial Services (MFS) announced that its technology development centre in Sri Lanka, Mubasher Technologies Pvt Ltd, has developed an electronic system for asset and mutual fund management.
Since the beginning of 2018, MFS has been working on this system which will be used by asset and mutual fund management companies, vice chairman of Mubasher Capital Holding for Financial Investments, Ehab Rashad, said.
The new system will allow investment managers to set a strategy tailored for each category and serve customers with different solvency levels, Rashad added.
The Egyptian Financial Regulatory Authority (FRA) is expected to issue the required regulations to apply this system in Egypt, which will be the first in the Middle East region to approve regulations for electronic asset management systems.
