2 WE ARE KENANGA LEADERSHIP MESSAGE VALUE CREATION MODEL KENANGA INVESTMENT BANK BERHAD ANNUAL REPORT 2023 KENANGA AT A GLANCE Today, Kenanga Investment Bank Berhad (“KIBB” or “Kenanga”) is the country’s leading independent investment bank with a continuous commitment towards driving collaboration, innovation, digitalisation and sustainability in the marketplace. The Group’s ambitions include building a robust digital ecosystem that meets the needs of its clients and businesses. Some of its game-changing products include Malaysia’s fully online digital stockbroking platform Rakuten Trade and a fully artificial intelligence (“AI”) robo-advisor, Kenanga Digital Investing. It is currently developing Malaysia’s first Wealth SuperApp that will be rolled out in 2024. Kenanga’s Digital Journey 2016 Rakuten Joint Venture Kenanga entered into a joint venture with Japanese internet giant Rakuten Securities, Inc. 2017 Launch of Rakuten Trade Kenanga and Rakuten Securities, Inc. jointly launched Rakuten Trade, Malaysia’s first fully digital equity broker. Back Office Digitalisation Kenanga completed back office digitalisation to enhance efficiencies. 2019 Launch of Remisier Portal Kenanga launched a new portal to enable remisiers to work remotely. 2020 E-Wallet Launch with Merchantrade Asia Sdn Bhd (“Merchantrade”) Kenanga launched Kenanga Money, Malaysia’s first stockbroker e-wallet, with Merchantrade and later acquired a 4.99% stake in the company.
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