Latest news with #FadzliShah
The Sun
6 days ago
- Business
- The Sun
Zetrix AI to promote use of NurAI to global Muslim population
KUALA LUMPUR: Zetrix AI Bhd, formerly known as MY EG Services Bhd, is eyeing a global Muslim population of two billion with NurAI, the world's first syariah-aligned large language model (LLM). Co-founder and head of AI development Datuk Fadzli Shah said the initial rollout will cover Malaysia, Indonesia and Brunei, a combined market of 340 million people with majority following the Shafi'i school of thought, before expanding to other madhhab. 'Yes, we have active plans for those and we have partnerships in place to be able to address those markets,' he told reporters at the launch of NurAI today. He described the 'One Madhhab at a Time' strategy as a deliberate and scalable approach. 'As we fine-tune this for a specific madhhab, it will help inform us on how to handle the model when we cross to serve the second, third and ultimately the fourth madhhab.' Developed with China's DeepSeek, Fadzli said there is little to no risk of state intervention from either Asean or China. 'From a governance perspective, although we are grateful that this initiative originated from the Asean-China AI Lab, there is no influence from any government,' he said. He said that NurAI remains an independent project focused on its purpose as a syariah-aligned and syariah-based LLM. 'Having said that, we welcome partnerships with all states to further not only their local Muslim communities but also others who can benefit from the worldview of a syariah-aligned LLM.' Built on Islamic principles and reflecting the Global South worldview, NurAI delivers guidance aligned with syariah rulings across a wide range of subjects, from contemporary issues such as law, healthcare and finance to classical themes including Islamic history, philosophy and Quranic studies. The platform will feature specialised channels, including an Islamic finance channel developed in partnership with INCEIF University, an affiliate of Bank Negara Malaysia, alongside channels led by Islamic scholars worldwide. Looking forward to the rest of FY2025, Fadzli said Zetrix will be exploring ways to integrate its two core technologies, blockchain and AI, as part of its long-term growth strategy. 'What we're most excited about is to get the AI part of our vertical strategy to be better tested.' He added that the company will announce several initiatives to improve the usability and stickiness of its services. 'We see blockchain as the data layer, which stores and references information, and AI as the processing layer,' he said. He said Zetrix will look to work with the best, whether through collaborations with ecosystem partners or by hiring top talent. 'Competing in this space is a global challenge, so we are working to build strong, borderless teams that can collaborate across technologies.' In April, Zetrix was appointed the core chain for the Malaysia Blockchain Infrastructure, a government-linked initiative with Mimos Bhd aimed at linking various blockchain systems and making the technology more accessible across industries. The platform is also integrated with China's national blockchain network to enable secure trade facilitation and digital identity exchange between Asean and China.
Korea Herald
26-05-2025
- Business
- Korea Herald
MYEG and SGTraDex Forge Strategic Partnership to Enhance Malaysia-Singapore Digital Trade Connectivity
KUALA LUMPUR, Malaysia, May 26, 2025 /PRNewswire/ -- MY E.G. Services Berhad ("MYEG"), Malaysia's leading e-government and digital services provider, today signed a Memorandum of Understanding ("MoU") with Singapore Trade Data Exchange Services Pte. Ltd. ("SGTraDex"), Singapore's digital infrastructure for trade data exchange. The strategic partnership seeks to enable both parties to collaboratively facilitate seamless, digital cross-border trade between Malaysia and Singapore, setting a new standard for digital trade connectivity in the ASEAN region. Signed at the ASEAN-GCC-China CEO Roundtable hosted by the ASEAN Business Advisory Council ("ASEAN-BAC"), the MoU underscores the deepening partnership between Malaysia and Singapore in advancing digital economic cooperation. This collaboration reflects a shared vision to develop interoperable, cross-border digital solutions and serves as a foundation toward broader regional integration across ASEAN. Under the terms of the agreement, MYEG's Zetrix and SGTraDex will explore the technical integration of their respective platforms to enable a secure and interoperable channel for the exchange of trade-related data. The collaboration aims to catalyse the transition from paper-based to digital trade flows, including the use of verifiable electronic records, aligned with the region's push for trade facilitation and supply chain resilience. "This partnership signals a new era for trade digitalisation in ASEAN," said Dato' Fadzli Shah, Co-Founder of Zetrix. "By aligning Malaysia's and Singapore's trusted digital infrastructure, we're creating the building blocks for a digitally unified ASEAN, one that reduces friction, enhances trust, and accelerates growth." "Our collaboration with MYEG reflects SGTraDex's commitment to fostering open and trusted digital trade. By aligning efforts with close partners like Malaysia, we are taking steps toward greater interoperability and connectivity, which will contribute to more inclusive digital growth across the region," said Mr. Tan Chin Hwee, Chairman of SGTraDex. The collaboration supports the ASEAN Digital Economy Framework Agreement ("DEFA"), and complements broader efforts to enable mutual recognition of Digital ID, electronic trade documents, and regulatory credentials across borders. With blockchain technologies such as MYEG's Zetrix Layer-1 chain and frameworks like TradeTrust on SGTraDex, immutability and traceability of verified information exchanged between governments and enterprises is ensured, fostering greater transparency and security in cross-border transactions. SGTraDex is a public-private digital utility founded by Singapore's Infocomm Media Development Authority ("IMDA") alongside a banking, trade and logistics industry consortium including Advario, DBS, Jurong Port, OCBC, ONE, PIL, PSA, Standard Chartered, Trafigura, and UOB. The initiative plays a critical role in digitising logistics and trade finance by interconnecting data silos across the supply chain. Through this partnership, both parties will explore new B2B and B2B2G flows, and co-develop services tailored for cross-border use cases. The MoU outlines areas of collaboration including: The partnership is expected to serve as a launchpad for wider regional integration, including with China and the Gulf Cooperation Council ("GCC") countries. By leveraging Malaysia's and Singapore's leadership in digital infrastructure and policy, the partnership is poised to reinforce the broader vision of ASEAN as a digitally interconnected economic bloc; strengthening the region's digital infrastructure by facilitating secure, inclusive, and efficient trade. About MY E.G. Services Berhad ("MYEG") MYEG is Malaysia's premier digital services company. Having commenced operations in 2000 as the flagship e-government services provider, MYEG continues to play a leading role in driving technological change in the region, bringing a diverse and complete range of innovations spanning the online delivery of major government services to a variety of commercial offerings in the areas of immigration, automotive and financial services, among others. Committed to staying firmly at the forefront of the global digital revolution, MYEG has embraced the potential of blockchain technology to enhance all aspects of life and is actively pioneering its adoption across the region through its Layer 1 platform Zetrix. Besides its home market, MYEG's presence spans other key regional markets such as mainland China, Philippines and Hong Kong SAR. About SGTraDex Launched on 1 June 2022, the Singapore Trade Data Exchange ("SGTraDex") is a digital utility that facilitates the sharing of data between supply chain ecosystem partners, streamlining information flows through a common data highway where data can be shared in a trusted, secure and inclusive manner. SGTraDex is a public-private partnership founded by IMDA, PSA, Trafigura, DBS, Jurong Port, OCBC, ONE, Advario, PIL, Standard Chartered and UOB. Their proprietary technology aims to resolve pain points in supply chain ecosystems including a heavy reliance on a paper-based system which lacks efficiency, transparency, and sustainability. The move to digitalise information will increase productivity and build supply chain resilience. New efficiencies and opportunities will be unlocked when ecosystem partners can collaborate to achieve a shared visibility of the end-to-end supply chain.
