Affin Bank Reaches a Collaboration with Robo-Advisor GAX MD

Affin Bank announces that it has formed a collaboration with GAX MD (MYTHEO), a robo-advisor regulated by the Securities Commission Malaysia.

MYTHEO is an algorithm-driven and automated discretionary investment portfolio management services powered by Artificial Intelligence (Al).

This collaboration is the first of its kind between AFFIN BANK and a robo-advisory service provider.

It would allow new and existing customers of AFFIN AVANCE, a financial and wealth segment for the mass affluent, to diversify their investments across the global market and fully automate their portfolio rebalancing based on market conditions.

Datuk Wan Razly Abdullah, President & Group Chief Executive Officer of Affin Bank said: "This partnership, which is our first collaboration of its kind with a robo-advisor, offers an alternative investment option to our new and existing AFFIN AVANCE customers, thus further enhancing our line-up of financial solutions and products offering. Malaysia's mass affluent category is performing exceptionally well, with an upward growth trend. There is an increasing demand for more convenient avenues to invest."

"The partnership is another step in the company's vision to help more people achieve their financial goals. Today, I am pleased to announce that we are collaborating with Affin Bank to offer the bank's customers an opportunity to enjoy the benefits of digital wealth management service with a personalised touch", Ronnie Tan, Chief Executive Officer and Managing Director of GAX MD said.