Malaysia regulator gives green light to two robo-advisers

Pedro Gonçalves
Malaysia regulator gives green light to two robo-advisers

Two more robo-advisers are expected to enter Malaysia's emerging fintech sector next year, after the Australian-based firm Raiz Invest obtained the Securities Commission Malaysia's (SC) approval for operation. There are currently three robo-advisers, or digital investment management companies, operating in Malaysia: Singapore's StashAway, New York-based Wahed Inc, and MyTheo, a Malaysian-Japanese joint venture. SC executive chairman Datuk Syed Zaid Syed Jaffar Albar said the companies w...

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