WealthTech

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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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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