WealthTech

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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HSBC Malaysia Unveils In-App Investment Dashboard

HSBC Malaysia has recently enhanced its mobile app with a new feature, a “Wealth on Mobile” dashboard so customers can to invest and track their portfolios at the tap of a button. The mobile wealth dashboard provides a snapshot of

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PNB’s Amanah Saham Rolls Out Digital Onboarding for Investment App

Amanah Saham Nasional Berhad (ASNB), the wholly owned unit trust management company of Permodalan Nasional Berhad (PNB), announced the launch of its mobile registration and digital onboarding feature (e-KYC), as well as a new goal-based investing function in the myASNB

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StashAway Malaysia Rolls Out Three Tech-Focused Thematic Portfolios

Southeast Asian digital wealth manager StashAway announced that it has launched three thematic portfolios given its growing popularity that is eclipsing traditional equity sectors. The themes include technology enablers, the future of consumer tech, and healthcare innovation. According to StashAway,

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Green Packet’s OCIB Plunges Into Crypto With Conditional Investment Bank License

Oasis Capital Investment Bank (OCIB), a fully-owned subsidiary of Green Packet has been awarded the conditional investment bank license from the Labuan Financial Services Authority (LFSA). The company is looking to specialise in digital asset portfolio advisory, management services as

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