Affin Bank Announces Collaboration With MYTHEO, First Of Its Kind In Malaysia

Pang Tun Yau

19th May 2022 - 2 min read

Affin Bank has announced Malaysia’s first collaboration between a bank and robo advisor, together with MYTHEO.

The collaboration will see new and existing Affin Avance customers to accumulate wealth leveraging on the inherent benefits offered by MYTHEO. In addition, Affin Avance customers will also enjoy additional benefits for a limited time, including:

3 months management fee waiver by MYTHEO (for subscriptions between 20 May to 30 November 2022)
Complimentary 1-year Group Personal Accident coverage up to RM50,000 for subscribers with an AUM (Assets Under Management) of RM5,000

In a statement, President and Group Chief Executive Officer of Affin Bank Datuk Wan Razly Abdullah said that the collaboration offers another investment option for Affin Avance customers, which enhances the bank’s lineup of financial solutions.

“There is an increasing demand for more convenient avenues to invest. Such collaborations to provide a robo-advisory service for our customers bode well with their evolving needs, rapid technological advancement and shifting market dynamics. Affin Bank aspires to be at the forefront in providing a simpler and more accessible avenues for our customers to grow their wealth with us,” he added.

CEO and Managing Director of GAX MD Sdn Bhd Mr Ronnie Tan said, “the partnership is another step in the company’s vision to help more people achieve their financial goals and enable their moments in life.

Affin Avance customers can start enjoying the benefits of the collaboration with MYTHEO from tomorrow (20 May). Interested customers may visit any Affin Bank branches, or visit the Affin x MYTHEO landing page for more information.

Pang Tun Yau

A seasoned tech journalist who now focuses on his other passion, Pang is a firm believer in old-school DCA and optimised spending.

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