WealthTech
Touch ‘n Go First E-Wallet to be Approved by SC to Offer Investment Products
Touch ‘n Go (TNG) Group’s subsidiary TNG Digital Sdn Bhd (TNGD), has emerged as the first e-wallet to be granted a conditional approval to operate as a Recognised Market Operator (RMO) by the Securities Commission of Malaysia (SC). TNG said
Read More
Financial Literacy Remains a Major Challenge in Malaysia Despite Rapid Wealthtech Adoption
In Malaysia, adoption of wealthtech and alternative asset classes has increased over the past year, but in order for the sector to reach its full potential, there’s a need to raise financial literacy levels, experts said. In a virtual panel
Read More
Meet Akru, Malaysia’s Newest Robo-Advisor
Years ago before my job with the Fintech News Network, I would drive my lifeless body to work at the crack of dawn to my office in the heart of Kuala Lumpur. During this dreaded daily commute, the local business
Read More
Rakuten Trade Appoints Kazumasa Mise as Its New Chief Executive Officer
Rakuten Trade Sdn Bhd (Rakuten Trade) announced the appointment of Mr Kazumasa Mise as its Chief Executive Officer and a member of the Board of Directors, effective 16 October 2020, following approval from Securities Commission Malaysia. Mise replaces Mr Kaoru
Read More
DBS Ex-Chief Innovation Officer Neal Cross Recounts His Journey from Banker to Entrepreneur
In just two years of commercial operation, Australian wealthtech startup PictureWealth has grown to more than AUD$2 billion in funds under advice, annualized revenues of AUD$20 million, and a client base of over 40,000 customers. This year only, the fast-growing
Read More
PNB Teams Up With Raiz To Launch an App That Helps You Invest Your Spare Change
Permodalan Nasional Berhad (PNB) announced on Thursday the launch its micro-investing app Raiz. Raiz is a micro investing mobile app which utilises users’ virtual spare change from rounding up everyday purchases to proactively invest into ASNB’s variable price funds based
Read More
11% of eToro’s Asia Pacific Customers Are From Malaysia
Multi-asset investment platform eToro has announced that it will extend its commission-free stocks offering to clients in Asia-Pacific, effective immediately. The zero-commission offering for Asia Pacific clients applies to all stocks on its platform that are traded on the Nasdaq
Read More
In Less Than 3 Years, Rakuten Trade is Now Profitable
Rakuten announced that is has marked a major milestone by turning to black ahead of its third anniversary. According to their media statement, they have activated almost 85,000 trading accounts. They also shared that they have handled more than RM12.5
Read More
Securities Commission to Allow for E-Wallets to Sell Capital Market Products; TNG eWallet Welcomes the Move
The Securities Commission Malaysia (SC) announced today that it will facilitate the online distribution of capital market products such as unit trusts, through e-Services platforms like e-wallet or e-payment service providers. The Guidelines on Recognized Markets has been amended to
Read More
Bank Islam’s Subsidiary Launches “Robo-Intelligent” Investment App
BIMB Investment Management Berhad (“BIMB Investment”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, today announced the launch of BEST Invest online investment mobile application (BEST Invest app), what they described as its “first Robo-Intelligence Sustainable Shariah-ESG investing online platform.”
Read More