Insas creates a listable financial technology outfit

A foreigner using Numonis terminal. Insas will increase its stake in Numoni from 21.26 to 26.56 through the sale of its 51 owned subsidiary J&C Pacific

DIVERSIFIED group Insas Bhd has taken a firm step to break out of its brick-and-mortar business to enter the financial technology (fintech) segment.

It is forming a fintech firm that could possibly see a listing in the next eight months. Fintech is a segment of applied technology to enhance financial systems that include payment, money transfers, loans and fundraising.