KUALA LUMPUR: Rakuten Trade Sdn Bhd, a joint venture company (JVC) of Kenanga Investment Bank Bhd and Japan’s Rakuten Securities Inc. (Rakuten Sec), was named FinTech Company of the Year at the recently held Malaysia FinTech Awards 2018.
Rakuten Trade is Malaysia’s first completely online equity broker and extends trading services including the iSPEED.my app, a localised version of Japan’s leading mobile app developed by Rakuten Sec.
Its web and mobile based trading services offer clients a fully digital trading experience from account opening, execution, settlement of trade, research and trading ideas as well as rewards and financial knowledge.
“Rakuten Trade is the result of the first overseas collaboration for Rakuten Securities. Having opened its doors to Malaysians in May last year, Rakuten Trade has since grown in leaps and bounds in under a year.
"It has exceeded our expectations and is striving to continuously excel,” said Rakuten Sec president Yuji Kusunoki of the win.
The award was presented to Rakuten Trade in recognition of being a FinTech company that had successfully seized a real opportunity to change the industry, satisfied a real market need through its unique value propositions, found a balance between cost and benefits and was able to extend its products and services to successfully reach the marketplace.
Almost 90 companies were nominated for the Malaysia Fintech Awards 2018 out of which 43 were shortlisted in 13 categories.
Rakuten Trade holds a Capital Markets Services License from the Securities Commission that enables it to deal in listed securities and provide investment advice.