How the MoneyLion app will transform personal finance in Malaysia

MoneyLion, a mobile personal finance app that helps users improve their financial health, will be launching in Malaysia for the first time.
 

MoneyLion’s free mobile app will help Malaysian users obtain a 360-degree view of their finances using a range of analytics tools that track spending and saving activity across multiple bank accounts.

MoneyLion currently only operates in the United States – its expansion into Malaysia marks its first step as part of its international growth strategy.

“We are committed to bringing next-generation personal finance tools to Malaysia and the ASEAN markets”

“We are committed to bringing next-generation personal finance tools to Malaysia and the ASEAN markets,” said Diwakar Choubey, founder and CEO of MoneyLion, “While many banks in the local markets offer mobile apps, MoneyLion is one of the only platforms that lets consumers connect multiple bank accounts to a single app and take advantage of personalized analytics around their entire financial lives.”

MoneyLion chose to base its technology hub in Kuala Lumpur, a city that has a growing fintech industry. Here, MoneyLion’s chief technology officer, Cheemun Foong oversees a staff of 30 leading data scientists and software engineers.
 

“While Malaysia is seen as a financial hub in the region, financial literacy is still a challenge among consumers who lack access to next-generation personal finance tools. The rise of fintech in Kuala Lumpur is helping to change that environment and there is ripe opportunity for businesses like MoneyLion to introduce products and services that deliver personalized financial advice,” he said.

The September issue of Business Review Australia & Asia is now live.

Follow @BizRevAsia and @MrNLon on Twitter.

Business Review Asia is also on Facebook. 

SOURCE: [BusinessWire

Share
Share

Featured Articles

Top 10 female executives leading Japan's charge for change

As Japan pledges a 30% target for women executives at big firms by 2030, we spotlight 10 female corporate leaders blazing a trail in the country

Top 10 most valuable unicorns in China – phones to drones

Home to the world’s most valuable unicorn, not to mention the fastest growing, China may be trailing the US on numbers, but it is catching up – and fast

Top 10 fastest-growing energy companies in the APAC region

Business Chief takes a look at the top 10 fastest-growing energy companies in the APAC region, according to rankings from S&P Global Commodity Insights

Top 10 Chief Financial Officers in India

Corporate Finance

Top 10 largest companies Malaysia and the CEOs who helm them

Leadership & Strategy

5 high-profile CEO moves across Asia-Pacific this month

Leadership & Strategy