Versa partners Affin Hwang AM to offer digital cash management solutions

Kuala Lumpur-based financial technology company Versa Asia Sdn Bhd has teamed up with Affin Hwang Asset Management to launch a new digital cash management platform via a mobile app.Versa has obtained conditional approval from the Securities Commission Malaysia to operate as a recognised market operator under Section 34 of the Capital Markets & Services Act 2007.

This new digital cash management service will allow Malaysians to earn returns on their hard-earn savings through money market funds that are professionally managed while enjoying the flexibility of accessing their money anytime. “Cash management solutions were traditionally only accessible to sophisticated investors and not readily available to all Malaysians. We are democratising access to such products together with Affin Hwang AM to bring these solutions to every Malaysian regardless of wealth status,” said Versa CEO Teoh Wei-Xiang.

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