Malaysian regulator may issue robo adviser licences by mid-year Asia Asset Management

Securities Commission Malaysia (SC) may award its first batch of digital investment management (DIM) or robo advisory licences by the middle of the year, according to financial technology (fintech) sources.

The robo advisory fund business incorporates innovative technologies into discretionary portfolio management services. It allows companies to offer automated, algorithm-based investment portfolio management advice to retail investors.

Fintech players specialising in robo advisory services have been "engaging with the SC over the past several months", according to one source, and confirmed by another.