Sunday, July 07, 2019

MYTHEO launches in Malaysia, making digitalised investment management services available to all

Silverlake Digital INX Sdn Bhd, a member of Silverlake Group, and Japanese Money Design Co., Ltd. has announced the launch of their Malaysian offering, MYTHEO, a Digital Investment Management service through a joint-venture company, GAX MD Sdn. Bhd. MYTHEO aims to promote financial literacy and inclusiveness, especially in the millennial segment, thanks to its user-friendly process and affordability. 

L-R: Ms. Cassandra Goh, Director, GAX MD Sdn Bhd; Mr. Ryoichi Yamabe, Director, GAX MD Sdn Bhd; Tan Sri Dato’ Dr. Mohd Munir bin Abdul Majid, Chairman, GAX MD Sdn Bhd; Mr. Ronnie Tan, Chief Executive Officer of GAX MD Sdn Bhd; Mr. Tomoyoshi Hirose, Co-founder and Vice Chairman of Money Design Co., Ltd.; Mr. Goh Peng Ooi, Founder and Chairman of Silverlake Group; Mr. Ho Seng Yee, Executive Director, GAX MD Sdn Bhd; and Mr. Matthew Stuart-Box, Head of Investment Platform of Money Design Co., Ltd. & COO, GAX MD Sdn Bhd at MYTHEO’s official launch event
MYTHEO’s value proposition, ‘Invest In A Moment’ is poised to change the way Malaysians think about investing and life savings through offering Malaysians a personalised and professional digital investment management service via their web and mobile platforms with a starting commitment of RM500. This fintech service uses a proprietary algorithm developed by Money Design with Kyoto University, Japan which generates optimised portfolios of each investor based on their profile, individual income and risk appetite. 

The simplicity of MYTHEO starts from analysing the needs of the client and then works backwards to build the optimal portfolio. MYTHEO has been developed to be a customer-centric service – a personalised portfolio can be created for the user through the answers to five questions in the span of 3-4 minutes. The innovative technology includes a seamless digital customer on boarding experience, e-payment capabilities, biometric recognition, voice activation commands, chatbot and big data analysis.

“Upon analysing the needs of the client, a personalised investment strategy basing on three functional portfolios of Growth, Income, Inflation Hedge is automatically created. By combining these functional portfolios, MYTHEO can develop an optimised portfolio consisting of multiple exchange-traded funds (ETFs) with global exposures and multiple asset classes that are listed in U.S. stock exchanges. Users can even customise their own portfolio if they choose to,” added Ronnie Tan.

Mr. Ronnie Tan, CEO of GAX MD
GAX MD’s goal is to provide users with global diversification and investment management services with MYTHEO, while making it widely available to local retail investors. This fintech drive resonates with two of the new pillars championed by the government in the mid-term review of the 11th Malaysia Plan, namely ‘Enhancing Inclusive Development and Wellbeing’ and ‘Strengthening Economic Growth’. Malaysia is an attractive market with a relatively young and tech-savvy population. Those aged between 22-40 make up 29% of the nation’s population.

Using ‘AI Assist’, the algorithm analyses market sentiments from global news and market data towards sound investment risk control and solutions. MYTHEO will also automatically rebalance and optimise the users’ investment portfolio through a proprietary algorithm developed with cutting edge financial technology. To ensure customer’s protection, security and minimise service disruption, the digital investment platform infrastructure is hosted in a highly secured Tier 3 verified Data-centre.

Tomoyoshi Hirose, Co-founder and Vice Chairman of Money Design Co., Ltd.; Goh Peng Ooi, Founder and Chairman of Silverlake Group and Tan Sri Dato’ Dr. Mohd Munir bin Abdul Majid, Chairman of GAX MD Sdn Bhd were also present to grace the launch.

The investors’ money and assets are held by its custodian, Malaysian Trustees Berhad (a subsidiary of RHB Bank Bhd. and an independent trustee licensed by the Securities Commission Malaysia) who is responsible for the custody services.

Til the next time, stay beautiful!


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