KENANGA ANNUAL REPORT 2020

3 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD KENANGA’ S DIGI TAL JOURNEY 2016 2020 2017 2020 2021 2017 2019 2020 2021 RAKUTEN JOINT VENTURE Kenanga entered into a joint venture with Japanese internet giant Rakuten Group, Inc. LAUNCH OF RAKUTEN TRADE Kenanga and Rakuten jointly launched Rakuten Trade, Malaysia’s first fully digital equities broker. RECEIVE APPROVAL TO OPERATE ROBO ADVISOR Kenanga received conditional approval from Securities Commission Malaysia to operate a robo-advisor. PARTNERSHIP WITH CAPBAY Kenanga entered into partnership with CapBay to digitalise first-in-Malaysia factoring solution unifying both, private and public sector receivables under one platform. ESTABLISHMENT OF FINTECH FUND Kenanga signed a Collaboration Agreement with Malaysia Debt Ventures Berhad for the establishment of a fintech fund. BACK OFFICE DIGITALISATION Kenanga completed back office digitalisation to enhance efficiencies. LAUNCH OF REMISIER PORTAL Kenanga launched a new portal to enable remisiers to work remotely. E -WALLET LAUNCH WITH MERCHANTRADE Kenanga launched an e-wallet with Merchantrade and later acquired a 4.99% stake in the company. A STAKE IN TOKENIZE XCHANGE Kenanga received approval from Securities Commission Malaysia to acquire 19% stake in Digital Asset Exchange Platform, Tokenize Xchange.