JurisTech, today announced its acquisition of iMoney. JurisTech is a leading Malaysian based company, specialising in enterprise-class software solutions for banks, financial institutions, insurance providers, and telecommunications companies. iMoney’s websites and services are used by millions of consumers in Malaysia to compare loans and other financial products.

This announcement follows reports of iMoney’s largest shareholder iSelect exiting the company. According to The Edge, the ASX-listed iSelect reportedly held 84.3% stake in iMoney.

“We are delighted to have iMoney join us in our journey to expand our innovation by offering beyond just enterprise solutions to our clients. We are now poised to bring more value by offering a more holistic end-to-end solution to our clients.

From marketing to consumers, onboarding consumers digitally, providing immediate decisioning through Artificial Intelligence (AI) and straight-through processing, JurisTech and iMoney will help elevate and shape the future of the financial services industry,”

said See Wai Hun, Co-founder and CEO of JurisTech.

“Now, as part of JurisTech, we are excited to bring more enhanced capabilities to our clients and continue to serve our customers with impactful content and services. With the technology capabilities of JurisTech, we can now provide a better experience to consumers including more refined product matching capabilities and improve customer journey to make applying financial products easier,”

said Lee Ching Wei, Founder of iMoney.

Featured image: See Wai Hun, Co-founder and CEO of JurisTech, screengrab from Youtube