WealthTech
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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CapBay’s P2P Islamic Financing Platform Bags RM30 Million From Kenanga
CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform, has secured RM30 million investment from Kenanga Capital Islamic (KCI), a subsidiary of Kenanga Investment Bank Berhad (KIBB). The investment is a step forward to growing CapBay’s supply
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Kenanga Investors Launches Fund Focused on Global Tech Firms for Retail Investors
Kenanga Investors Berhad has announced the launch of the “Kenanga Sustainability Series: Frontier Fund” with an initial offer period is from 27th October through 3rd December 2021. The fund feeds into the Ericsenz Frontier Fund and is suitable for sophisticated
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Robo-Advisor MYTHEO Introduces New AI-Based ESG Portfolio
MYTHEO, a robo-advisor regulated by the Securities Commission Malaysia, has launched a fully AI-based Environmental, Social and Governance (ESG) themed portfolio known as the MYTHEO Global ESG. The firm claims to be the first in the country to do so.
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