KUALA LUMPUR, Sept 22 (Bernama) -- MoneyLion, the mobile personal finance platform that helps consumers improve their financial health, today announced its launch in Malaysia.
The free mobile app will help Malaysian consumers gain a 360-degree view of their finances through a suite of analytic tools that track spending and saving activity across multiple bank accounts, said New-York based MoneyLion in a statement Thursday.
Currently operating in the United States, MoneyLion's expansion into the Malaysian market was a first step in its international growth strategy.
MoneyLion Founder and Chief Executive Officer Diwakar Choubey said MoneyLion was one of the platforms that allowed consumers to connect multiple bank accounts to a single app and take advantage of personalised analytics around their entire financial lives.
He said the company decided to base its technology hub in Kuala Lumpur as the nation's capital was experiencing increasing financial technology (fintech) activity.
MoneyLion Chief Technology Officer Cheemun Foong said while Malaysia was seen as a financial hub in the region, financial literacy was still a challenge among consumers who lacked 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 personalised financial advice," said Foong, who oversees 30 data scientists and software engineers in Kuala Lumpur.
-- BERNAMA
The free mobile app will help Malaysian consumers gain a 360-degree view of their finances through a suite of analytic tools that track spending and saving activity across multiple bank accounts, said New-York based MoneyLion in a statement Thursday.
Currently operating in the United States, MoneyLion's expansion into the Malaysian market was a first step in its international growth strategy.
MoneyLion Founder and Chief Executive Officer Diwakar Choubey said MoneyLion was one of the platforms that allowed consumers to connect multiple bank accounts to a single app and take advantage of personalised analytics around their entire financial lives.
He said the company decided to base its technology hub in Kuala Lumpur as the nation's capital was experiencing increasing financial technology (fintech) activity.
MoneyLion Chief Technology Officer Cheemun Foong said while Malaysia was seen as a financial hub in the region, financial literacy was still a challenge among consumers who lacked 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 personalised financial advice," said Foong, who oversees 30 data scientists and software engineers in Kuala Lumpur.
-- BERNAMA
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