MNC ropes in mTouche to jointly build digital platform for government-owned housing unit
KUALA LUMPUR (Aug 28): Loss-making MNC Wireless Bhd has roped in mTouche Technology Bhd as its partner to develop and market a digital platform for SPNB Dana Sdn Bhd, the financing arm of government-owned Syarikat Perumahan Negara Bhd (SPNB).
This was formalised today after MNC inked a conditional agreement with mTouche to jointly develop and market an inclusive SPNB Digital Platform with mobile application, website technology platform, digital display and broadcasting solution and an integrated payment gateway solutions.
According to MNC, the digital platform will be driven by mTouche’s Digital Media and Infotainment (DMI) Platform core engine, which include secured database solution, artificial intelligence, data analytic tools and other solutions.
“This is a very important milestone for mTouche and we are excited to be given the opportunity to work with MNC to jointly develop the digital platform for SPNB Dana,” mTouche Executive Director Tang Boon Koon said in a joint-media statement that accompanied a filing with Bursa Malaysia today.
“Our digital media and infotainment platform core engine with payment solutions, digital display panel supports and broadcasting solutions, is designed with artificial intelligence capability and will play an increasing key role in developing and optimizing our client's digital platform solution across the board and providing quantifiable value-add services to our enterprise partner,” he added.
Both MNC and mTouche expect the close collaborative partnership to contribute positively to their businesses, in line with forming of strategic partnerships to drive revenues to each other.
It is worth noting that the agreement which MNC inked with mTouche had followed the Memorandum of Understanding signed by MNC and SPNB Dana on Aug 25, in which MNC had been appointed as the technology solutions partner to provide financial support to home buyers of SPNB’s affordable housing projects.
Shares in MNC and mTouche, both listed on the ACE Market, closed at 8 sen and 20 sen respectively, for market capitalisations of RM38.27 million and RM25.47 million respectively.