WealthTech

RinggitPlus Expands into Digital Financial Planning with RinggitPlus Advance
WealthTech

RinggitPlus Expands into Digital Financial Planning with RinggitPlus Advance

RinggitPlus, a financial marketplace owned by Jirnexu, has launched RinggitPlus Advance, a new one-to-one financial digital financial planning service for Malaysians. With the launch of RinggitPlus Advance, the fintech startup is tapping into its experience of digitalising a traditional industry

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Versa Secures RM10 Million in Deposits in Less Than Three Months
WealthTech

Versa Secures RM10 Million in Deposits in Less Than Three Months

Versa, Malaysia’s latest digital cash management platform, today announced that it has achieved over RM10million in deposits in just three months since its soft launch in January. To date, Versa has registered more than 4,000 accounts averaging deposit amounts of

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Touch ‘n Go Expects 1 Million Users for Its New Wealthtech Offering GO+
WealthTech

Touch ‘n Go Expects 1 Million Users for Its New Wealthtech Offering GO+

Touch ‘n Go Group (TNG) formally announced today the launch of GO+, a financially inclusive investment product for which it expects 1 million users in 2021. GO+ allows TNG’s Malaysian e-wallet users above the age of 18 years old to

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Malaysian Retail Investors Return to the Fold on the Back Digital Acceleration and COVID-19
Editor's Pick WealthTech

Malaysian Retail Investors Return to the Fold on the Back Digital Acceleration and COVID-19

Securities Commission Malaysia (SC) revealed during their annual report press conference today, that 2020 has seen heightened participation from retail investors. Datuk Syed Zaid Albar, Chairman of SC shared with members of the media that this was evidenced by the

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Kenanga Granted License to Operate Robo Advisor by Securities Commission
WealthTech

Kenanga Granted License to Operate Robo Advisor by Securities Commission

Kenanga Investment Bank revealed on Monday that it had received a Digital Investment Manager license from Securities Commission Malaysia. The newly granted license allows for Kenanga to operate a robo advisor. Currently, there are 7 other companies in Malaysia with

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Principal To Offer E-Investment Solution Through Touch ‘n Go E-Wallet
E-Wallets WealthTech

Principal To Offer E-Investment Solution Through Touch ‘n Go E-Wallet

Principal Asset Management Berhad has announced the launch of its latest product, the Principal e-Cash Fund to make investing accessible and easy for Malaysians. The Principal e-Cash Fund will be made available soon through a landmark strategic partnership with TNG

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From Fintech Fund to Crypto Exchange — What’s Next On Kenanga’s Digital Roadmap?
WealthTech

From Fintech Fund to Crypto Exchange — What’s Next On Kenanga’s Digital Roadmap?

The name Kenanga Investment Bank has been plastered across headlines recently, a shift from its previously media-shy nature. Backed by 45 years of history, Kenanga is the largest independent investment bank in Malaysia with RM 14 billion Assets Under Management

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Versa Launches an Alternative to Fixed Deposits in Partnership with Affin Hwang
WealthTech

Versa Launches an Alternative to Fixed Deposits in Partnership with Affin Hwang

Versa, a digital cash management platform, has announced the launch of their digital platform in partnership with Affin Hwang Asset Management. Accessible as a mobile application, Versa said that its users can acquire returns that are similar to other low-risk

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Touch ‘n Go First E-Wallet to be Approved by SC to Offer Investment Products
E-Wallets 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

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Financial Literacy Remains a Major Challenge in Malaysia Despite Rapid Wealthtech Adoption
Malaysia WealthTech

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

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