WealthTech
UOB Kay Hian Wealth Advisors Forges Partnership With KoiZai
In a notable move to evolve its advisory, staff, and client services, UOB Kay Hian Wealth Advisors has formed a strategic alliance with cloud-based wealth management data platform platform KoiZai. The collaboration aims to leverage advanced financial technology solutions. As
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Funding Societies Rolls Out Islamic Financing Products For Malaysian MSMEs
Digital financing platform Funding Societies has rolled out a suite of Shariah-compliant financing solutions for creditworthy and underserved Malaysian micro, small and medium enterprises (MSMEs) seeking to grow their business. These Islamic financing solutions include Business Term Financing-i, Micro Financing-i,
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Malacca Securities Launches New Global Investment App ‘M+ Global’
Malaysian stockbroker Malacca Securities has launched an all-in-one global trading platform for all traders dubbed as M+ Global. This will provide investors with access to a diverse range of international investment opportunities, starting with two of the world’s largest global
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Rakuten Trade Offers Fractional Trading for NYSE and Nasdaq-Listed Shares
Malaysian online equities broker Rakuten Trade has introduced fractional trading for shares listed on Nasdaq and the New York Stock Exchange (NYSE). The fractional share trading starts from 0.01 unit (buy) or 0.0001 unit (sell) for US stocks, ADRs and
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SC Takes Action Against Huobi and CEO Leon Li for Operating Illegally in Malaysia
The Securities Commission Malaysia (SC) has taken action against crypto trading platform Huobi Global, and its CEO Leon Li for operating a digital asset exchange (DAX) in Malaysia without registration. The SC is urging Malaysian investors who have been using
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Futu’s Investment Platform moomoo Expands To Malaysia
Hong Kong-based Futu Holdings will be expanding its investment platform moomoo to Malaysia, its second Southeast Asian market following its Singapore launch in June 2021. The company’s wholly-owned Malaysian subsidiary had recently received the Approval-In-Principle (AIP) for the Capital Markets
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Kapital DX Launches Malaysia’s First IEO Platform Regulated by the SC
Kapital DX (KLDX) announced the launch of its Initial Exchange Offering (IEO) platform, touting it to be the first of its kind in Malaysia, in a bid to open up new investment opportunities for investors in private markets. The IEO
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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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