SCA'S Innovation policy
The Securities and Commodities Authority (SCA) is working to create an environment that fosters innovation by developing a supportive infrastructure. This includes focusing on the development of human resources and smart, sophisticated electronic systems and the utilization of modern innovation tools in everyday business, thus encouraging the introduction of innovative services and achieving customer and employee happiness.
The SCA has been keen to pursue a proactive rather than a reactive innovation strategy. With a proactive innovation strategy, the SCA will tend to have strong research orientation and first-mover advantage and will be a leader in the capital markets sector. The proactive innovation strategy depends on the following types of innovations:
- Radical: breakthroughs that change the nature of products and services.
- Incremental: the constant technological or process changes that lead to improved performance of products and services.