Dynafront opens at nearly 10.0pct premium on Leap Market listing
KUALA LUMPUR: Dynafront Holdings Bhd made a firm debut on the LEAP Market of Bursa Malaysia, opening at 23 sen or 9.6 per cent above its offer price of 21 sen.
Dynafront specialises in developing and providing proprietary and customised enterprise information technology (IT) solutions for a broad range of life insurance companies.
DynaFront’s solutions, offered either as proprietary software products or managed services, have been deployed to markets in Malaysia, Indonesia, Singapore, Philippines, Taiwan and Hong Kong.
Managing director and chief executive officer Chan Eng Lim said the company would continue to expand and evolve its solution offerings by adopting microservices-based architecture.
“With the adoption of microservices architecture, we expect our next generation of software solutions to be lightweight with modern technology stacks and artificial intelligence (AI) driven, in our quest to create a smarter insurance ecosystem,” Chan said at the virtual listing ceremony today.
DynaFront is also moving into the virtual insurance space, with its research and development team focusing on the development and implementation of new mobile applications in wearable technologies.
“This includes web-enabled smart devices that use embedded systems, such as processors, sensors and communication hardware, to collect, send and act on data acquired from their environments such as temperature screenings and movement detections to smartwatches and wearable health devices.
“Real-time syncing and processing of data between wearables and our platform microservices as well as real-time health monitoring will enable life insurance companies to structure insurance products which are more customised and suited for the policy holders,” Chan said.