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

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

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

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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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

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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

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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

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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

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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

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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

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