Silverlake Collaborates with Japanese Fintech, Money Design to Launch MYTHEO

If you are a Malaysian looking to diversify your investment that always ensure your investments are working in the right place and also to save you the hassle from going through phone calls with remisier or broker, MYTHEO could be the one for you. 

From left: Tan Sri Dato' Dr. Mohd Munir – Chairman, GAX MD, Ronnie Tan – CEO of GAX MD, Tomoyoshi Hirose – Co-Founder and Vice-Chairman of Money Design Co., Ltd and Goh Peng Ooi, Founder and Chairman of Silverlake Group.

Silverlake Digital INX Sdn Bhd, a member of Silverlake Group, and Japanese Money Design Co., Ltd. announced the launch of their Malaysian offering, MYTHEO, a digital investment management service through a joint-venture company, GAX MD Sdn. Bhd.

I was very honored to be invited to witness the official launch of MYTHEO in Hilton Kuala Lumpur on the 28th of June, 2019. Some of the pointers about MYTHEO to be noted as below:-

MYTHEO is a digital investment management service licensed by the Securities Commission Malaysia.
This fintech service powered by AI, provides users a professional digital investment management service at affordable costs.
More than 60,000 Japanese investors have benefitted with more than USD300 million of assets managed under the platform.

From left: Ms. Cassandra Goh (吴晓灵), 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 (陳大宜), 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 (吴炳炜), Founder and Chairman of Silverlake Group; Mr. Ho Seng Yee (何成禹), 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.


The Malaysian market which displays an openness to innovation, holds great potential for the fintech industry. MYTHEO aims to promote financial literacy and inclusiveness especially in the millennial segment, thanks to its user-friendly process and affordability. 

“While they maximise every precious moment at work and play, this digital solution provides ease of mind by helping users manage the nitty-gritties of investment in a data-driven manner. Hence MYTHEO’s value proposition, ‘Invest In A Moment’ is poised to change the way Malaysians think about investing and life savings,” said Ronnie Tan, Chief Executive Officer of GAX MD Sdn Bhd at the launch.

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.

Welcome remarks by Tan Sri Dato' Dr. Mohd Munir – Chairman, GAX MD

MYTHEO offers those in Malaysia, 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. 

In 2016, Money Design pioneered the very first robo-advisory service – ‘THEO’ in Japan, under the regulation of the Japan Financial Services Agency. Money Design was founded by experienced investment professionals (formerly from BlackRock, Nomura and other financial MNCs). “Today, over 60,000 Japanese investors benefit from this service, which manages more than USD300 million in total assets,” shared Tomoyoshi Hirose.

Coincidentally it was Tomoyoshi Hirose - Co-Founder and Vice-Chairman of Money Design Co., Ltd birthday on the launch day as well.

The Silverlake Group, one of the largest and most successful IT solutions providers in Asia, is recognised as a digital innovation leader with over 30 years of experience and significant contributions to solution innovations for their clients in the financial, capital market, fund management, digital payment and digital economy.

The preview of the MYTHEO launch video.

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.

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.

Key highlights by Ronnie Tan – CEO of GAX MD

“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.

A screenshot of MYTHEO's website

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. 

According to Ronnie Tan, the starting capital of RM100 is a part of MYTHEO's 6 months celebratory period from 23 May 2019 until 22 Nov 2019 to attract the millennials age group.

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.

You can download the MYTHEO mobile app on Google Play and Apple App Store now.

To find out more information about MYTHEO, you can email them at enquiry@gaxmd.com or visit their websites at www.mytheo.my and www.gaxmd.com.


.: Peace Out :.

6 comments :

  1. Replies
    1. I am considering it since the starting capital is pretty affordable. What about you?

      Delete
  2. Time to start investing for a brighter future. :p

    ReplyDelete
    Replies
    1. Yes indeed! I can foresee that my future is going to be brighter after this... hahaha

      Delete
  3. Only minimum RM100 is required. Why not??? I wanna be Crazy Rich Asians too.

    ReplyDelete
    Replies
    1. When you become a Crazy Rich Asian, don't forget about me ok? Hahaha

      Delete

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