WealthTech
Saturna Officially Launches Its Shariah-Compliant Digital Investment Platform
Shariah-compliant fintech firm Saturna has officially launched its digital investment platform which claims to not impose any sales or redemption charges as well as hidden fees. Saturna manages two shariah-compliant equity trust funds in Malaysia, namely the ICD Global Sustainable
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What Can Entrepreneurs Learn from HelloGold’s Failed Consumer Business
During the cryptocurrency frenzy of the mid- to late-2010s, the HelloGold gold savings app was launched in Malaysia to a curious public. Allowing savings in gold for as low as RM 1, many wondered if this alternative business model would
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HelloGold Shutters Its Consumer Business — Users Have Until 2 Feb to Withdraw Funds
Malaysian-based fintech HelloGold, a savings app that blended gold trading with blockchain technologies, has become the latest casualty of adverse market forces and will be closing down its core business in Malaysia and Thailand. Users are given until 2nd February
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Versa’s Customers Can Start Investing in Real Estate and Gold From RM100
Versa Asia, a Malaysian digital cash management platform, announced the expansion of its suite of digital investment offerings today through the launch of Versa REITs and Versa Gold. Customers can start investing in both Versa REITs and Versa Gold with
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SC Consolidates All Shariah Rules on Islamic Capital Market Products and Services
The Securities Commission Malaysia (SC) has issued new guidelines on Islamic Capital Market Products and Services (ICMPS Guidelines) to further enhance the Shariah governance framework for the Islamic capital market. This will be the central source of reference on all
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Bursa Malaysia Rolls Out Interactive Fund Information Platform for Retail Investors
Bursa Malaysia has launched an interactive fund information platform to provide the investors a comprehensive information on unit trusts and wholesale funds. The Bursa Fund Platform is open to and free-to-access for members of the public. It offers quick and
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Versa Asia Raises an Eight-Figure Funding Round
Versa Asia, a Malaysian digital cash management platform, announced that it had secured an 8-figure funding round. Details of the investment was not disclosed. This funding round was led by Hibiscus Fund, a venture capital fund managed by RHL Ventures
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Kenanga Investment Bank Ties up With Ant Group to Launch Wealth Superapp
Kenanga Investment Bank has signed a Memorandum of Understanding (MoU) with Ant Group to leverage mPaaS, a mobile development platform from the latter’s digital technology unit, to launch a Malaysian wealth superapp. According to Kenanga, the superapp is geared to
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Kenanga Bets Big on Its Super App and Embedded Wealth for Their Next Phase of Growth
These days everyone wants to be a super app from bigtechs to banks and even an airline company like Air Asia. It’s easy to see why, the allure of being able to deliver a plethora of services through a single
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Touch ‘n Go Launches Digital Investment Platform GoInvest
Touch ‘n Go Group has launched GOinvest, its proprietary digital investment platform, which can be accessed through Touch ‘n Go eWallet. GOinvest’s first product offering is the Principal Islamic Money Market Fund which is developed and managed by Principal Asset
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