WealthTech

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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Versa Surpasses Over RM 100 Million in Transactions in Less Than a Year

Versa Asia, a Malaysian digital cash management platform, announced that it has achieved over RM 100 million in transactions. The firm has also witnessed the creation of over 30,000 accounts on its platform in less than a year after the

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Rakuten Trade Enable Users to Trade US Stocks

Malaysian online equities broker Rakuten Trade announced the expansion of its Cash Upfront Trading Account to include access into foreign markets beginning with the US. Rakuten Trade said that this decision was based on a high volume of requests that

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