Fintech

Moomoo Launches All-in-One Investment Super App in Malaysia; Empowering Local Financial Digitalisation

Published

9 months ago

February 27, 2024

moomoo-launches-all-in-one-investment-super-app-in-malaysia;-empowering-local-financial-digitalisation

Moomoo, the cutting-edge all-in-one investment super app officially launched in Malaysia today. With the mission of promoting local financial innovation and empowering users, the company will provide Malaysian investors with a professional, reliable and innovative digitalised investment experience.

Committed to Technological Innovation and Financial Inclusion: Driving Malaysia’s Financial Digitization

Futu Malaysia Sdn. Bhd. (“Moomoo MY”) is among the first global digital brokerage firms granted the Capital Market Services License by the Securities Commission Malaysia (“SC”). This license allows Moomoo MY to offer securities and derivatives trading and clearing services for both. The company held a grand opening ceremony in Kuala Lumpur today. The event was attended by Datuk Muhamad Umar Swift, CEO of Bursa Malaysia; Robin Xu, Senior Partner, Senior Vice President and Head of Southeast Asia and Oceania of Futu Holdings Limited; Ivan Mok, CEO of Moomoo Malaysia; and Dennis Jee, COO of Moomoo Malaysia, among other senior executives.

“Moomoo’s entry into Malaysia underscores our dedication to empowering various financial markets through technology. Guided by our mission of ‘Making investing easier, not alone,’ we strive to promote information equality, accessibility, and value creation within Malaysia’s dynamic economy. Through technology, we aim to promote information equality, making investment and wealth management more accessible, and creating value for local investors and capital markets. Malaysia’s dynamic economy, coupled with recent policy support, has seen rapid development in its capital markets. With Moomoo’s participation, we hope to inject even more dynamism into the market. As an investment platform connecting 21 million retail investors globally, we envision collaborating with exchanges, regulatory bodies, and partners in the visible future to become the gateway, connecting Malaysia’s investment products to global capital and investors.” said Robin Xu, Senior Partner and Senior Vice President of Southeast Asia and Oceania at Futu Holdings Limited.

“Malaysia with a relatively young population has seen a growing interest in self-directed investing. The country’s commitment to technological development and innovation led us to choose it as the second destination for expanding our presence in the Southeast Asia after Singapore. With Malaysia’s flourishing fintech landscape and supportive regulatory framework, there exists a clear demand for innovative investment solutions. We are confident that we can replicate the success we have seen in Singapore here and work hand in hand with investors and market participants to further enhance Malaysia’s capital markets and financial infrastructure competitiveness on both the regional and international stage.” Xu added.

Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia Berhad, welcomed Moomoo MY’s entry into Malaysia, and as a Participating Organisation of the Exchange. “In today’s technology-driven market, it is important that the industry leverages data and digital tools to make investing more accessible and efficient. Investors want choice, and we encourage all Participating Organisations to harness the power of new technologies to enhance investing experiences for investors, and to promote greater financial inclusivity in Malaysia. We commend Moomoo MY for the launch of its innovative investment app in conjunction with its entry into Malaysia.”

Breaking Down Barriers: Democratising Investment Opportunities

In addition to empowering local financial infrastructure, Moomoo Malaysia is also committed to making it easy for every investor to start their investment journey and secure their financial future. Through a suite of cutting-edge, pro-level analytical tools including Heatmap, Stock Screener, Institutional Tracking, and Market Monitor, Moomoo transforms the investment landscape through technological innovation.

Malaysian investors now have access to moomoo, which offers an extensive range of features including access to over 1,000 Malaysian and 9,000 US stocks, ETFs, AI-powered analytical tools, research resources, advanced charting capabilities, real-time data, and breaking news sourced from over 150 top media agencies – all directly within the moomoo platform. Moomoo MY universal account holders will have complimentary access to Level 1 MY stock 3 market depth and Level 2 US stock 60 market depth quotes. The platform will also offer zero-commission trading^[i] on stocks and ETFs for both Malaysia and US markets for a limited time period.

Ivan Mok, CEO of Moomoo Malaysia emphasized, “Our users benefit from unrestricted access to pro-grade tools and resources, typically associated with premium services. This reinforces our commitment to levelling the playing field, making self-directed investing simple, easy, and accessible to everyone, regardless of their experience level.”

Empowering Financial Inclusion and Literacy

Beyond delivering a better and seamless trading experience for its users, Moomoo MY is dedicated to advancing financial literacy by offering an extensive array of over 600 complimentary investment courses through Moo Learn. This commitment ensures that both novice and experienced investors have access to valuable educational materials to enhance their expertise and remain ahead of industry trends.

Another distinctive feature is moomoo’s vibrant online community, which connects over 1000 experts and key opinion leaders within a global investing community of over 21 million members. The Moo Community acts as a hub for collaborative learning, enabling participants to exchange investment ideas, insights, and experiences, fostering mutual support for growth and development.

“Moomoo seamlessly combines accessibility and a comprehensive suite of tools and educational resources, to provide an investment experience that breaks through traditional boundaries. Our platform is tailored to transform the way people invest, and empower Malaysian investors with the tools and resources they need to not only participate, but succeed in the financial markets.” Said Dennis Jee, COO of Moomoo Malaysia.

Exclusive Promotions for Malaysian Investors

To mark its official launch, Moomoo MY is rolling out exclusive promotions and perks for Malaysian investors. Between now and March 31, 2024, new users^[ii] who successfully open a Moomoo MY universal account and deposits a total of RM8000 will be eligible for a free Apple share^[iii]. Those who successfully open a Moomoo MY universal account with a cumulative deposit of RM500 will receive RM100 cash rewards^[iv].

On top of that, traders who execute at least one transaction using their Moomoo MY universal account during the promotion period, will receive one month of free access to Level 2 MY market data. Users can accumulate up to 6 months of complimentary Level 2 MY market data during this time^[v].

Malaysian investors can download the app from the Apple App Store or Google Play Store to start their investment journey with Moomoo. For more information on Moomoo Malaysia and its services, please visit www.moomoo.com/my.

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Fintech

Fintech Pulse: Your Daily Industry Brief (Axos Bank, Global Trading Network, Fonepay, Compass Plus Technologies, Instacoins)

Published

15 hours ago

December 4, 2024

Peter Tolan

fintech-pulse:-your-daily-industry-brief-(axos-bank,-global-trading-network,-fonepay,-compass-plus-technologies,-instacoins)

Axos Bank Partners with Way.com to Address Rising Car Costs

Axos Bank has teamed up with Way.com to help customers mitigate increasing car expenses. This partnership focuses on vehicle refinancing and aims to offer savings through integrated digital solutions. By combining Way.com’s auto services with Axos’ financial products, users can streamline their vehicle-related expenses, from insurance to payments. This move reflects Axos’ strategy to enhance its consumer offerings by leveraging partnerships in niche sectors.

Source: Axos Bank.

Brazil’s Largest Drug Gang Under Investigation for Fintech Infiltration

Brazilian authorities are probing the country’s largest drug gang for using fintech platforms to launder money. This investigation highlights concerns over the growing use of digital financial tools by organized crime. The gang allegedly exploited fintech’s lack of stringent oversight compared to traditional banking, raising red flags about regulatory gaps in the digital financial landscape.

Source: Bloomberg.

GTN Appoints New CEO to Drive European Expansion

Global Trading Network (GTN) has appointed Christopher Gregory as CEO for Europe, marking a pivotal step in its strategic expansion across the continent. Gregory, known for his expertise in fintech and capital markets, is expected to lead GTN’s efforts in diversifying its product offerings and enhancing its market presence. This leadership shift underscores GTN’s commitment to capitalizing on Europe’s burgeoning fintech market.

Source: PR Newswire.

Fonepay and Compass Plus Launch Nepal’s First Virtual Credit Card

Nepal’s digital payments ecosystem takes a leap forward with Fonepay partnering with Compass Plus Technologies to introduce the nation’s first virtual credit card. This innovation aims to promote cashless transactions and enhance financial inclusion by offering secure, contactless payment options. This development aligns with Nepal’s digital transformation goals and is set to redefine consumer payment experiences in the region.

Source: Fintech Futures.

Instacoins Partners with Luxury Brands for Digital Payments

Instacoins is expanding its footprint in the luxury market by partnering with high-end brands to enable cryptocurrency payments. This initiative is designed to offer affluent customers a seamless digital payment option, blending traditional luxury shopping with modern fintech solutions. The partnership also reflects the increasing adoption of cryptocurrency in mainstream commerce.

Source: PR Newswire.

The post Fintech Pulse: Your Daily Industry Brief (Axos Bank, Global Trading Network, Fonepay, Compass Plus Technologies, Instacoins) appeared first on News, Events, Advertising Options.

Fintech

Bety Unveils Enhanced Offer of 20,000+ Crypto Games and Sportsbook Events

Published

15 hours ago

December 4, 2024

Peter Tolan

bety-unveils-enhanced-offer-of-20,000+-crypto-games-and-sportsbook-events

Bety is a decentralized casino and sportsbook platform that supports Bitcoin deposits and withdrawals. It is owned and operated by 12 Stars International Gaming Solutions Limited, a company established in Seychelles.

Bety, one of the leading Web3 betting platforms with a decentralized approach to casinos and sportsbooks, has unveiled its enhanced offer, boasting over 20,000 crypto casino games, sports, and eSports events. The platform aims to become one of the top Bitcoin casinos with a fair, transparent, and unmatched gaming experience for everyone

Blockchain technology is a catalyst for innovation in all sectors, and online casino gaming is no exception. The growing adoption of cryptocurrency into the mainstream supports the emergence of groundbreaking platforms in digital entertainment. Bety is one of the major players spearheading this revolution by offering secure and accessible gaming experiences to change how people interact with online gambling services.

The Advantages of Web3 Betting

Traditional online casinos have been around since the early days of the Internet. However, they have always faced the same challenges, such as slow payouts and high deposit/withdrawal fees. Moreover, users have often complained about the improvable fairness of game bets and their outcomes.

Web3 betting solves these issues and takes online casino gaming to the next level through blockchain gaming. Its use of decentralized ledger technology ensures a transparent gaming experience for all users. It also accelerates deposit and withdrawal times at considerably lower costs than what traditional casinos practice.

The processing times for deposits at traditional and crypto casinos are similar, often occurring instantly. However, there is a significant difference in withdrawal times between conventional online casinos and blockchain-based casinos.For example, traditional casinos can take several days to process withdrawals. Users often have to wait up to 3 days to transfer winnings to their credit/debit cards and 7 days via bank transfers. On the other hand, crypto casinos process payouts in only a few minutes, sometimes instantly, depending on the blockchain network’s congestion. This remarkable speed allows players to access their earnings faster and enhances the user experience.

The Rise of Blockchain Gaming

Blockchain gaming is a game-changer for the online casino experience. This technology offers unprecedented levels of trust and transparency. Thanks to its decentralized nature, players from various regions can play in complete anonymity and privacy. Furthermore, the lack of a centralized authority enhances game insights. It sets the stage for provably fair game mechanics, thus empowering players to make informed choices.Bety is an innovative blockchain gaming platform that employs the Provable Fairness concept, which is fundamental for Web3 betting. The platform ensures that game outcomes are determined randomly and cannot be manipulated by the operator or any other party. Therefore, Bety guarantees equal winning odds for all players.

Innovation and Accessibility

Bety stands out as a popular crypto casino with a rich selection of classic casino games and sports events catering to high-end players. The platform excels through its user-centered approach, which includes various bonuses, an exclusive VIP program, and 24/7 customer support.Moreover, Bety embraces the latest technological advances by incorporating the many benefits of blockchain networks, such as Bitcoin payments. The platform supports quick Bitcoin deposits and withdrawals, offering higher privacy and accessibility than traditional payment methods, such as debit or credit cards.

Hash Games at Bety Casino

Blockchain technology increases the gaming offer for online casinos, providing games not supported by traditional casinos. For example, conventional casinos rely on the classic offer of vintage games with limited scalability and versatility potential. On the other hand, blockchain provides a fertile ground for boundless creativity, spurring innovative concepts, such as play-to-earn and hold-to-earn.Gaming diversity is one of the most exciting aspects of building a Web3 betting platform on blockchain technology. In addition to offering traditional casino games such as slots, poker, blackjack, and roulette, Web3 casinos also provide hash games.Hash games are fast-paced, simple games that mimic classic casino games while adding a pinch of excitement. The game mechanics use hash value calculation and blockchain algorithms to deliver a thrilling, straightforward gaming experience. Players must wager on a predicted hash interval and win if their prediction is correct. Hash games involve various betting options that broaden the winning odds.Bety has several hash games in its versatile blockchain gaming offer, including Hash Banker Player, Hash Bull, 3-Min Bull, 1-Min Banker Player, and more. These games function by simple, easy-to-understand rules and ensure provable fair outcomes with appealing RTP rates.

A Unique Classic Casino Gaming Offer

In the most recent offer upgrade, Bety reveals an enhanced gaming offer, including slots, live casino, table games, lottery games, and sports events. Users can pick from over 10,000 casino games from leading brands, such as PGSoft, Evolution Gaming, Evoplay, Yggdrasil, Red Tiger, EG Games, Spribe, JILI, AE Sexy, Ezugi, and PNG. This stellar collection of games from reputable brands ensures players have non-stop access to the latest games and live events while enjoying a cutting-edge gaming experience.Bety offers a versatile library of over 10,000 slot games from more than 100 leading brands. Many of these games involve highly appealing bonuses, making the playing experience even more exciting. The platform replicates an authentic casino experience through its live casino that players can enjoy without leaving their homes. Also, the table games section includes many traditional and fan-favorite games, such as poker, blackjack, baccarat, craps, roulette, and more.

Promotions & Bonuses

Bety also provides several promotions for new and veteran players to make the gaming experience even more thrilling and fulfilling. The platform offers bonuses on the first 4 deposits and 7-day and monthly bonuses. Furthermore, referring friends to Bety entitles players to additional bonuses and earning opportunities.

The VIP Program

Bety invites players to explore its large blockchain gaming selection. They can quickly make transparent and instant Bitcoin deposits to play these games and boost their profiles on the platform. In time, the most loyal players can enter Bety’s VIP program and enjoy several advantages, including cash back incentives, free chests, free spins, and personal VIP assistants. Moreover, the platform also supports instant Bitcoin withdrawals.

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Fintech

Fintech Pulse: Your Daily Industry Brief (21X, 9fin, Upstart, LendingClub, Cloudflare)

Published

2 days ago

December 3, 2024

Peter Tolan

fintech-pulse:-your-daily-industry-brief-(21x,-9fin,-upstart,-lendingclub,-cloudflare)

1. 21X Secures Historic EU Blockchain License

In a groundbreaking development, 21X has obtained the first fully regulated EU license for a blockchain-based trading venue, setting a new precedent for digital asset trading within Europe. This initiative aims to integrate blockchain technology into traditional financial markets, enhancing transparency, efficiency, and trust. By leveraging Distributed Ledger Technology (DLT), the platform will allow both institutional and retail investors to trade digital securities under a stringent regulatory framework. This move is expected to accelerate the convergence of traditional and decentralized finance across the European Union.

Source: GlobeNewswire

2. 9fin Raises $50 Million to Expand Legal Tech Solutions

UK-based fintech legal platform 9fin has secured $50 million in Series B funding led by major VC firms. Known for its AI-powered data analytics in legal and financial services, 9fin plans to utilize these funds to scale operations and expand its presence in the U.S. The investment reflects growing confidence in fintech solutions that bridge legal and financial markets, particularly in streamlining debt capital markets.

Source: Artificial Lawyer

3. Bolivia’s Crypto Ban Lifted: A Surge in Digital Currency Interest

Bolivia has reversed its longstanding ban on cryptocurrencies, signaling a potential shift in Latin America’s approach to digital assets. This regulatory relaxation has ignited a crypto boom in the country, as entrepreneurs and investors rush to capitalize on the newfound legal status of digital currencies. With this change, Bolivia aims to foster innovation in fintech while maintaining safeguards to prevent financial crimes. Analysts predict this could spur broader adoption across the region, potentially reshaping Latin America’s fintech landscape.

Source: Bitcoin.com

4. Top AI-Powered Fintech Startups Identified by VCs

A recent report highlights the 15 most promising AI-driven fintech startups poised to disrupt the financial industry in 2024. From enhancing fraud detection to automating investment strategies, these startups are leveraging machine learning and AI to redefine financial services. Key players include fintech firms specializing in lending, insurance tech, and wealth management. This surge in AI integration is reshaping consumer interactions, driving efficiency, and creating new revenue streams across the fintech ecosystem.

Source: Business Insider

5. Upstart, LendingClub, and Cloudflare in the Spotlight

Leading fintech stocks such as Upstart and LendingClub saw significant market activity, reflecting broader trends in consumer credit and fintech innovation. Meanwhile, Cloudflare continues to impact the tech sector, particularly in cybersecurity for financial institutions. These companies are setting the pace in their respective domains, with investors closely monitoring their growth trajectories amid a competitive market landscape.

Source: Yahoo Finance

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