Maybank Investment Bank (Maybank IB) has launched its securities borrowing and lending (SBL) offering for institutional investors that uses a front-to-back platform that is, the company says, “fast, transparent and Shariah-compliant”.
Leveraging the fintech’s securities finance and collateral management expertise, the platform’s ability to interface with downstream systems enables automation and straight-through processing, resulting in enhanced client experience and better cost management.
Its scalability also offers flexibility to expand into other regions seamlessly.
“This partnership enabled us to swiftly bring this product to market while adhering to the regulatory framework provided by Bursa Malaysia,” adds Tengku Ariff Azhar, the bank’s chief operating officer. “We target to be the first in Malaysia to offer Shariah-compliant SBL for retail investors next year.”