Today Kenanga Investment Bank announced a deal with Ant Group to use Ant’s mobile technology solution for its ‘Wealth SuperApp’. That’s a reference to the multitude of services in the app, including stock trading, crypto trading, forex, and a wallet. Ant Group is the parent of China’s largest payments app AliPay.
“We look forward to not only unifying a broad spectrum of financial offerings under one roof, but more importantly, to make wealth creation more accessible by democratising financial services for the millions of Malaysians around the country who want better, swifter and cheaper access to financial products and solutions,” said Datuk Chay Wai Leong, Kenanga’s Group Managing Director.
Ant provides a wide range of technology services, including the mobile Platform as a Service (mPaaS) that Kenanga plans to use to develop its solution. Apart from mPaaS, Ant also has AntChain, its consortium blockchain solution, and Trusple, the blockchain-based trade finance platform.
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