WealthTech
StashAway Launches Flexible Portfolios to Give Its Investors More Control
Southeast Asian digital wealth manager StashAway launched Flexible Portfolios, its first product in Malaysia that offers investors the choice to customise their portfolios. Flexible Portfolios allows investors to pick the asset classes they want, decide their exact allocations, and change
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Versa Launches Affordable Investment Product From RM100
Versa Asia, a Malaysian digital cash management platform, announced that it is expanding its product range to introduce “Versa Invest” to offer affordable wealth management in partnership with Affin Hwang Asset Management (AHAM). Versa Invest offers three different types of
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Affin Bank Partners MYTHEO to Offer Robo-Advisory for the Mass Affluent
Affin Bank announces that it has formed a collaboration with GAX MD (MYTHEO), a robo-advisor regulated by the Securities Commission Malaysia. MYTHEO is an algorithm-driven and automated discretionary investment portfolio management services powered by Artificial Intelligence (Al). This collaboration is
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Micro-Investment App Raiz Partners Now Available to Non-Maybank Users
Raiz Malaysia, a joint venture company between Raiz Invest Australia and Permodalan Nasional Berhad (PNB), enables its customers to link their bank cards via the micro-investment app through its partnership with Visa. Following its launch in July 2020, Raiz was
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Kenanga’s Robo-Advisor Crosses RM100 Million AUM Milestone in 2 Months
Kenanga Digital Investing (KDI) announced that it has crossed RM100 million in asset under management (AUM) two months since its launch in mid-February this year. Developed to make investing simpler and accessible for Malaysians, the AI – driven digital investment
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Malaysian Women’s Interest in Crypto Is Skyrocketing, Says Luno
Luno, a regulated digital asset exchange in Malaysia, shared that its female users have grown from 16,000 in 2020 to more than 120,000 in 2021, an increase of more than sevenfold. In addition, the transaction volume of female users has
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Securities Commission Cautions the Public on Rising Investment Scams on Telegram
The Securities Commission Malaysia (SC) has cautioned the public on the sharp increase of investment scams promoted on messaging application Telegram. Since January 2022, the SC has received a total of 47 complaints and enquiries on illegal investment schemes promoted
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Airasia Super App Users Will Soon Be Able to Make In-App Investments
AirAsia Super App has signed a Memorandum of Understanding (MOU) with CGS-CIMB Securities to enable its users to make investments from within the app. Both entities said in a joint statement that they will combine their respective strengths to democratise
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Kenanga Debuts Its AI-Driven Robo-Advisor
Kenanga Investment Bank announced that it has launched its AI-driven robo-advisor that aims to simplify how Malaysians save and invest. The Kenanga Digital Investing (KDI) is licensed by the Securities Commission Malaysia and offers two products – KDI Save and
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Wahed Invest Charged by SEC for Misleading Clients and Shariah Compliance Failures
Wahed Invest was charged on Thursday by The Securities Exchange Commission (SEC) in the US for making misleading statements, breaching its fiduciary duty, and for compliance failures related to its Shariah advisory business. According to the SEC’s order, from September
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