Kenanga Investment Bank Berhad nabs Fintech - Investment Banking accolade at Malaysia Technology Excellence Awards 2023
The bank aims to help millions of Malaysians who want better, swifter, and cheaper access to financial products and solutions through its Wealth SuperApp.
With 50 years of experience, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending, and trade financing.
Partnering with Ant Group, a globally recognised infrastructure and platform provider, the bank is launching a Wealth SuperApp that unifies a broad spectrum of financial offerings under one roof, making wealth creation more accessible to millions of Malaysians. The platform is geared to revolutionise how Malaysians approach wealth generation and management by integrating a suite of financial solutions, such as stock trading, digital investment management, e-wallets, crypto trading, and foreign currency exchange, onto a simple platform and ecosystem.
The bank’s Wealth SuperApp extends its portfolio of digital products, offering a one-stop shop for a wide range of financial products and services. With this SuperApp, Kenanga aims to make financial services more accessible and affordable for Malaysians of all backgrounds, regardless of their financial knowledge or investment experience.
“We are fully committed to making financial services in Malaysia more accessible and affordable for all, empowering millions with our range of solutions. With our innovative Wealth SuperApp, we aim to revolutionise wealth generation and ensure inclusivity,” said Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank Berhad.
“The recognition of our achievement with the Fintech - Investment Banking accolade at the Malaysia Technology Excellence Awards 2023 highlights our dedication to innovation and digital transformation. Looking ahead, we have a robust digital product pipeline that is set to reshape our relationship with our customers and harness opportunities in the marketplace,” concluded Datuk Chay.
This application is just one of the many digital products that Kenanga has successfully rolled out. In February 2022, they launched Kenanga Digital Investing (KDI), a fully automated Artificial Intelligence (A.I.)-driven robo-advisor designed to simplify how Malaysians save and invest. Since its launch, KDI has been growing steadily, with more than 18,000 clients onboarded and over RM200 million in Asset Under Management, a testament to the bank's success in leveraging technology to democratise financial services in Malaysia.
Kenanga's efforts to leverage technology to improve financial services in Malaysia have earned them the Fintech - Investment Banking accolade at the Malaysia Technology Excellence Awards 2023. This recognition is a testament to the bank's commitment to innovation and its dedication to delivering faster, more reliable, and more convenient services to its customers.
The Malaysia Technology Excellence Awards recognises exceptional companies that are riding the disruption wave and are leading the technological revolution and digital journeys of their respective industries to boost Malaysia’s fast-growing economy.
Today, Kenanga Investment Bank Berhad continues to be a leading independent investment bank in the country with a commitment to driving collaboration, innovation, digitalisation, and sustainability in the marketplace.
The Malaysia Technology Excellence Awards is presented by Asian Business Review Magazine. To view the full list of winners, click here. If you want to join the 2024 awards programme and be acclaimed for your company's outstanding contributions in pursuit of technological innovation, please contact Danica Avila at [email protected].