News Snapshot:
Malaysia’s Kenanga Investment Bank expects to launch the country’s first wealth superapp next year, developed together with China’s Ant Group. The Kenanga Wealth SuperApp will integrate a suite of financial solutions, including stock, foreign exchange and crypto trading, digital investment management and e-wallet, onto a single platform. It’s “geared to revolutionise how Malaysians approach wealth generation and management”, the investment bank says in a statement on August 24. Group Managing Director Chay Wai Leong told reporters at a briefing that the bank believes the superapp “will leapfrog our growth to the next level”. “Having spent the year conceptualising and designing...
