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Thiel-backed German bank woos America with free accounts

Vienna: The German mobile bank backed by Peter Thiel is pressing ahead with its US expansion, betting it can grab share from established lenders and credit-card providers with free accounts, fewer fees and phone alerts that nudge them toward better financial choices.

Aeon Credit to focus on boosting e-money card usage

KUALA LUMPUR: Aeon Credit Service (M) Bhd is tapping into the five-million strong loyalty card membership database under the Aeon group of companies to boost usage of its e-money card in Aeon malls and expand the company’s business.

Only 28% of Malaysian workers have a will

KUALA LUMPUR: Only two million people, or about 28% of the total seven million people that make up the working population in Malaysia, have a will, according to MWD Wills Depository Sdn Bhd.

FinTech: Financial services disruptor

Unicorns are mystical animals, but they exist in the startup scene to describe privately held companies with a valuation of more than US$1bil.

Can a 60/40 split portfolio deliver better outcomes?

Recent decades have been a tumultuous time for investors. In the last 20 years alone we have experienced two of the biggest stock market crashes in history – the bursting of the dotCom bubble at the turn of the millennium and the financial crisis in 2008.

For private equity, Japan still beats China

Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity. For restructuring experts such as KKR & Co. LP, whose founders recently declared Japan the company’s “highest priority” outside the US, the smaller country offers much more attractive opportunities. And the reasons are as much political as financial.

For private equity, Japan still beats China

Japan lost its position as the world’s second-biggest economy to China awhile ago. But it’s beating out its Asian rival in one area at least: private equity.

Why parents should start teaching their kids about money at an early age: opinion

How did you learn about money when you were a kid? Maybe your parents handed you a few dollars to swing by the grocery store for milk. After getting through the checkout line and carefully counting out the change, perhaps you stuffed the rest back into your pocket and headed back home.

Malaysians unable to keep up with EPF spending guide: iMoney

KUALA LUMPUR: Malaysians are unable to keep up with the Employees Provident Fund’s (EPF) “Belanjawanku Expenditure Guide”, with the challenges lying in low incomes and high housing costs, said iMoney.my.