KUALA LUMPUR, Sept 14 (Bernama) -- MoneyHero Limited (MoneyHero), a technology- and artificial intelligence (AI)-powered personal finance aggregation and comparison platform, reported revenue of US$15.8 million in the second quarter (Q2) of 2026, down 13 per cent year-over-year (YoY). (US$1=RM4.06)
The company posted a net loss of US$1.2 million for Q2, compared with a net profit of US$0.2 million a year earlier, mainly due to foreign exchange (FX) differences, which swung from a US$3.0 million gain to a US$0.1 million loss.
In a statement, the company said adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss narrowed 17 per cent YoY to US$1.6 million.
MoneyHero said total transaction value remained flat YoY at US$20.9 million in Q2, while cash rewards provided to platform users increased by 77 per cent YoY to US$5.1 million. The increase in cash rewards formed part of its strategy to attract higher-intent customers, with Hong Kong and Singapore remaining its core markets.
Revenue from higher-margin Wealth and Insurance products rose to US$4.7 million in Q2, accounting for 30 per cent of total revenue, compared with 27 per cent in the same quarter last year. Revenue from Credit Cards declined 18 per cent YoY to US$8.9 million.
Cost of revenue fell 17 per cent YoY to US$7.6 million in Q2, accounting for 48 per cent of revenue, while combined cost of revenue, advertising and marketing, technology, employee benefit, and general administrative and other operating expenses declined 12 per cent to US$18.2 million.
Technology costs fell 50 per cent YoY to US$0.5 million, which MoneyHero attributed to continued platform consolidation and artificial intelligence (AI)-driven automation of engineering and operational workflows.
During Q2, MoneyHero advanced several partner-led initiatives and broadened its product offerings. In Singapore, it secured exclusive partnerships with two of the country’s largest retail banks, while in Taiwan it launched a KOL pilot with a local bank to test a more targeted, partner-led customer acquisition model. In Hong Kong, it is broadening its online life insurance offering to include critical illness coverage.
MoneyHero ended the quarter with a healthy, debt-free balance sheet, with US$28.2 million in cash and cash equivalents and US$32.6 million in net current assets as at June 30. Its MoneyHero Group Members base also grew 17 per cent YoY to 10.1 million.
Looking ahead, MoneyHero said it remains focused on converting structural efficiency gains into full-year adjusted EBITDA improvement while advancing product expansion, AI initiatives and other strategic growth programmes.
-- BERNAMA
Monday, 14 September 2026
Thursday, 10 September 2026
AM BEST: REGULATORY INITIATIVES, ECONOMIC EXPANSION DRIVE MALAYSIA’S NON-LIFE GROWTH
KUALA LUMPUR, Sept 10 (Bernama) -- AM Best has maintained a stable outlook on Malaysia’s non-life insurance segment, citing regulatory initiatives and economic expansion, which are driving robust premium growth and increasing insurance penetration.
The stable outlook on Malaysia’s non-life segment is also supported by de-tariffication of motor and fire insurance, as well as measures curbing medical inflation. However, it remains vulnerable to developments in the external environment.
The Best’s Market Segment Report, “Market Segment Outlook: Malaysia Non-Life Insurance”, stated that motor and fire insurance anchor the market, together accounting for more than 65 per cent of total non-life premiums.
In a statement, the global credit rating agency said pricing has progressively shifted towards a more risk-based approach since phased liberalisation of tariffs for these lines began in July 2016.
Over time, AM Best expects de-tariffication to drive product innovation, improve service quality, align pricing with underlying risks and enhance market efficiency, although it may pressure underwriting margins over the intermediate term.
“Malaysia’s non-life insurers continue to maintain healthy underwriting profits through disciplined underwriting and effective pricing strategies, supporting the industry’s long-term sustainability,” said AM Best senior financial analyst, Sin Yee Chuah, adding that the segment remains poised for continued growth.
The rating agency added that Malaysia’s non-life segment reported an improved underwriting profit in 2025, with a healthy combined ratio in the low-to-mid-90 per cent range, reflecting sustained underwriting discipline that supported profitability.
Malaysia’s economy continues to be supported by resilient domestic demand, particularly household consumption and investment, while strong demand for electrical and electronics exports and continued investment in data centres provide additional support.
The report also noted that a pilot phase of the recently introduced RESET Strategy, which introduced a standardised base medical and health insurance/takaful plan with a co-payment feature, is targeted for the second half of 2026, with full rollout expected by early 2027.
In addition, climate change is projected to increase the frequency and severity of extreme weather events, presenting floods as a persistent tail risk for insurers and exposing the segment’s profitability to greater volatility.
-- BERNAMA
The stable outlook on Malaysia’s non-life segment is also supported by de-tariffication of motor and fire insurance, as well as measures curbing medical inflation. However, it remains vulnerable to developments in the external environment.
The Best’s Market Segment Report, “Market Segment Outlook: Malaysia Non-Life Insurance”, stated that motor and fire insurance anchor the market, together accounting for more than 65 per cent of total non-life premiums.
In a statement, the global credit rating agency said pricing has progressively shifted towards a more risk-based approach since phased liberalisation of tariffs for these lines began in July 2016.
Over time, AM Best expects de-tariffication to drive product innovation, improve service quality, align pricing with underlying risks and enhance market efficiency, although it may pressure underwriting margins over the intermediate term.
“Malaysia’s non-life insurers continue to maintain healthy underwriting profits through disciplined underwriting and effective pricing strategies, supporting the industry’s long-term sustainability,” said AM Best senior financial analyst, Sin Yee Chuah, adding that the segment remains poised for continued growth.
The rating agency added that Malaysia’s non-life segment reported an improved underwriting profit in 2025, with a healthy combined ratio in the low-to-mid-90 per cent range, reflecting sustained underwriting discipline that supported profitability.
Malaysia’s economy continues to be supported by resilient domestic demand, particularly household consumption and investment, while strong demand for electrical and electronics exports and continued investment in data centres provide additional support.
The report also noted that a pilot phase of the recently introduced RESET Strategy, which introduced a standardised base medical and health insurance/takaful plan with a co-payment feature, is targeted for the second half of 2026, with full rollout expected by early 2027.
In addition, climate change is projected to increase the frequency and severity of extreme weather events, presenting floods as a persistent tail risk for insurers and exposing the segment’s profitability to greater volatility.
-- BERNAMA
GENERAL ROBOTICS ADVANCES ROBOT DEPLOYMENT WITH SELF-ENGINEERING GRID PLATFORM
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| GRID, the robot intelligence platform from General Robotics, auto‑engineers the full lifecycle of a complex pouring skill — from creation and testing to deployment and real‑world evaluation in a biolab. |
KUALA LUMPUR, Sept 10 (Bernama) -- General Robotics, a company developing an intelligence layer for physical artificial intelligence (AI), has advanced its GRID robot intelligence platform to automate key stages of robot deployment, reducing the time and specialised expertise needed to bring robots into production.
The company in a statement said GRID can now use AI to automate processes ranging from robot onboarding and AI model integration to the creation and deployment of new robotic skills.
General Robotics founder and chief executive officer, Ashish Kapoor said the platform brings robotics knowledge spanning research, software, AI models, simulations, data and hardware into a single agent-first system, enabling intelligence to compound with each deployment.
The latest development has reduced robot onboarding time from one month to as little as two hours, while model ingestion has been cut from three days to as little as 20 minutes. Skill transfer across different robot form factors now takes as little as 1.5 hours, while new skill creation and deployment can be completed in as little as two days.
General Robotics said GRID uses knowledge graphs to convert each deployment, task, model and failure into structured, reusable intelligence while protecting customer data and intellectual property.
The platform supports robots from different manufacturers and form factors, allowing customers to select systems suited to specific tasks. Its growing ecosystem includes industrial robotics maker FANUC and bimanual mobile manipulation company Galaxea Dynamics.
The company said GRID customers include global companies in automotive manufacturing, port operations, energy generation and food and beverage production, as well as government agencies.
General Robotics said the robotics industry faces shortages of specialised talent and a fragmented development stack that requires bespoke integration of software, communications protocols and programming systems, limiting the transition from pilot projects to production-scale deployments.
GRID is designed to address these constraints through a modular library of robotic skills, foundation models and classical techniques that can be used across different robot types and applications.
The latest version of GRID can determine the skills required for a task, select and combine relevant models and approaches, create and run simulations, and deploy and monitor AI skills. The platform then uses real-world performance and failures to determine further refinements, creating a continuous development loop across connected robots and tasks.
-- BERNAMA
PETSUPER DEBUTS AI-POWERED SMART PET ECOSYSTEM AT IFA 2026
KUALA LUMPUR, Sept 10 (Bernama) -- PetSuper, a smart pet technology brand focused on intelligent pet care products, made its debut at IFA 2026, showcasing its connected smart pet portfolio and vision for an artificial intelligence (AI)-powered pet care ecosystem.
During the five-day exhibition, PetSuper engaged with retailers, distributors and technology professionals from across Europe, demonstrating PetSuper Ai, LitterGo, ViGo, DryGo, FeedView and HydriGo. The products prompted discussions on market development, business opportunities, product innovation and industry trends.
The company said its approach combines smart hardware, Internet of Things (IoT) connectivity, pet care data and its PetSuperAi platform to connect different aspects of everyday pet care, including feeding, hydration, grooming and litter maintenance.
In a statement, PetSuper chief executive officer and co-founder, Brian Hu said IFA 2026 provided an opportunity for the company to present its vision of moving beyond standalone devices towards a more connected approach to pet care.
He said PetSuper aims to integrate information from different care scenarios to help pet owners better understand their pets’ routines and make daily care more informed.
At the exhibition, visitors were able to experience how LitterGo, DryGo, FeedView, HydriGo and ViGo support litter maintenance, grooming, feeding, hydration and behavioural observation, while PetSuperAi demonstrated the company’s direction towards integrating data from different pet care scenarios.
PetSuper said feedback on automated litter care, feeding, hydration and AI-supported routine observation will inform its continued product development and international expansion.
Following IFA 2026, the company plans to continue discussions with potential retail, distribution and channel partners across Europe and other priority markets.
-- BERNAMA
During the five-day exhibition, PetSuper engaged with retailers, distributors and technology professionals from across Europe, demonstrating PetSuper Ai, LitterGo, ViGo, DryGo, FeedView and HydriGo. The products prompted discussions on market development, business opportunities, product innovation and industry trends.
The company said its approach combines smart hardware, Internet of Things (IoT) connectivity, pet care data and its PetSuperAi platform to connect different aspects of everyday pet care, including feeding, hydration, grooming and litter maintenance.
In a statement, PetSuper chief executive officer and co-founder, Brian Hu said IFA 2026 provided an opportunity for the company to present its vision of moving beyond standalone devices towards a more connected approach to pet care.
He said PetSuper aims to integrate information from different care scenarios to help pet owners better understand their pets’ routines and make daily care more informed.
At the exhibition, visitors were able to experience how LitterGo, DryGo, FeedView, HydriGo and ViGo support litter maintenance, grooming, feeding, hydration and behavioural observation, while PetSuperAi demonstrated the company’s direction towards integrating data from different pet care scenarios.
PetSuper said feedback on automated litter care, feeding, hydration and AI-supported routine observation will inform its continued product development and international expansion.
Following IFA 2026, the company plans to continue discussions with potential retail, distribution and channel partners across Europe and other priority markets.
-- BERNAMA
Wednesday, 9 September 2026
SMARTSHEET EXPANDS APAC, JAPAN OPERATIONS WITH NEW LEADERSHIP
KUALA LUMPUR, Sept 9 (Bernama) -- Smartsheet has expanded its operations across Asia-Pacific (APAC) and Japan with new leadership appointments, as the enterprise software company seeks to accelerate customer adoption and organisation-wide artificial intelligence (AI) transformation in the region.
Smartsheet has promoted Jarrod Kinchington to Vice President and General Manager of APAC, covering Australia, New Zealand, Southeast Asia and India, and appointed Takeshi Osawa as President of Japan.
The appointments come as Smartsheet expands its regional footprint, following the opening of offices in Sydney in 2020, Tokyo in 2023, and Singapore and India earlier this year.
“Customer demand continues to accelerate across APAC, fueling strong growth and reinforcing the region’s importance to our global strategy,” said Kinchington in a statement.
He said Smartsheet provides the visibility and governance needed to connect fragmented workflows across enterprises and scale AI responsibly, particularly amid stringent compliance requirements in the region.
Osawa brings more than 25 years of enterprise technology experience from Autodesk, SAP Fieldglass and Cloudera. Since establishing its Tokyo office, Smartsheet has grown to serve over 400 customers in Japan, with its business increasing by about 400 per cent.
Customer adoption has also accelerated across key APAC and Japan sectors, including technology, manufacturing and professional services, with the company reporting double-digit growth across its fastest-growing sectors over the past year.
Smartsheet said adoption of its Model Context Protocol (MCP) Server across the region has grown by more than 500 per cent since its launch in March 2026. Customers have also executed over 600,000 AI actions through integrations with AI tools, including Claude, Microsoft Copilot, ChatGPT and Google Cloud Gemini Enterprise.
The company said its platform is being used by organisations to centralise operations, automate processes and improve visibility, including EmberPoint, which has automated 70 per cent of its business process steps using Smartsheet, and Zalaris Consulting, which reported approximately 67 per cent productivity gains.
-- BERNAMA
Smartsheet has promoted Jarrod Kinchington to Vice President and General Manager of APAC, covering Australia, New Zealand, Southeast Asia and India, and appointed Takeshi Osawa as President of Japan.
The appointments come as Smartsheet expands its regional footprint, following the opening of offices in Sydney in 2020, Tokyo in 2023, and Singapore and India earlier this year.
“Customer demand continues to accelerate across APAC, fueling strong growth and reinforcing the region’s importance to our global strategy,” said Kinchington in a statement.
He said Smartsheet provides the visibility and governance needed to connect fragmented workflows across enterprises and scale AI responsibly, particularly amid stringent compliance requirements in the region.
Osawa brings more than 25 years of enterprise technology experience from Autodesk, SAP Fieldglass and Cloudera. Since establishing its Tokyo office, Smartsheet has grown to serve over 400 customers in Japan, with its business increasing by about 400 per cent.
Customer adoption has also accelerated across key APAC and Japan sectors, including technology, manufacturing and professional services, with the company reporting double-digit growth across its fastest-growing sectors over the past year.
Smartsheet said adoption of its Model Context Protocol (MCP) Server across the region has grown by more than 500 per cent since its launch in March 2026. Customers have also executed over 600,000 AI actions through integrations with AI tools, including Claude, Microsoft Copilot, ChatGPT and Google Cloud Gemini Enterprise.
The company said its platform is being used by organisations to centralise operations, automate processes and improve visibility, including EmberPoint, which has automated 70 per cent of its business process steps using Smartsheet, and Zalaris Consulting, which reported approximately 67 per cent productivity gains.
-- BERNAMA
IPC SYSTEMS TARGETS NET-ZERO EMISSIONS ACROSS VALUE CHAIN BY 2050
KUALA LUMPUR, Sept 9 (Bernama) -- IPC Systems Inc (IPC), a global financial communications and trading connectivity provider, announced that its greenhouse gas (GHG) emissions reduction targets have been validated by SBTi Services, confirming that they conform with the Science Based Targets initiative (SBTi) criteria, including its target to achieve net-zero emissions across its value chain by 2050.
In a statement, IPC said the validation comes as financial institutions face greater scrutiny over emissions across their value chains, with regulators, investors and clients raising expectations for climate accountability and the sustainability performance of suppliers and partners.
“Our targets go beyond our operations to cover what we buy and what we deliver. Many of our clients are working to emissions targets of their own, and they need suppliers moving at the same pace. Validation by the Science Based Targets initiative is what lets them rely on our numbers,” said IPC ESG Officer, Manuel Ibáñez.
IPC serves more than 750 financial institutions globally, including the majority of trading desks across the top 100 global banks. The company said the validation gives customers independently assessed, science-aligned data to support their own value-chain emissions accounting and sustainability goals.
IPC’s validated targets cover emissions from its operations, purchased goods and services, and the use of products it delivers to customers. Based on 2022 modelling, the targets include a 35.65 per cent reduction in absolute Scope 1 and 2 GHG emissions by 2030, alongside a 32.5 per cent reduction in Scope 3 emissions from purchased goods and services and use of sold products.
By 2050, IPC aims to reduce absolute Scope 1 and 2 emissions by 90 per cent, as well as Scope 3 emissions by 90 per cent, while achieving net-zero GHG emissions across Scopes 1, 2 and 3 throughout its value chain.
IPC said it will prioritise direct emissions reductions across its value chain, with any residual emissions permanently neutralised before reaching net-zero. Its targets are listed on the SBTi Target Dashboard.
The validation marks a milestone in IPC’s broader commitment to responsible operations and advancing its infrastructure towards a net-zero future as global trading workflows evolve.
-- BERNAMA
In a statement, IPC said the validation comes as financial institutions face greater scrutiny over emissions across their value chains, with regulators, investors and clients raising expectations for climate accountability and the sustainability performance of suppliers and partners.
“Our targets go beyond our operations to cover what we buy and what we deliver. Many of our clients are working to emissions targets of their own, and they need suppliers moving at the same pace. Validation by the Science Based Targets initiative is what lets them rely on our numbers,” said IPC ESG Officer, Manuel Ibáñez.
IPC serves more than 750 financial institutions globally, including the majority of trading desks across the top 100 global banks. The company said the validation gives customers independently assessed, science-aligned data to support their own value-chain emissions accounting and sustainability goals.
IPC’s validated targets cover emissions from its operations, purchased goods and services, and the use of products it delivers to customers. Based on 2022 modelling, the targets include a 35.65 per cent reduction in absolute Scope 1 and 2 GHG emissions by 2030, alongside a 32.5 per cent reduction in Scope 3 emissions from purchased goods and services and use of sold products.
By 2050, IPC aims to reduce absolute Scope 1 and 2 emissions by 90 per cent, as well as Scope 3 emissions by 90 per cent, while achieving net-zero GHG emissions across Scopes 1, 2 and 3 throughout its value chain.
IPC said it will prioritise direct emissions reductions across its value chain, with any residual emissions permanently neutralised before reaching net-zero. Its targets are listed on the SBTi Target Dashboard.
The validation marks a milestone in IPC’s broader commitment to responsible operations and advancing its infrastructure towards a net-zero future as global trading workflows evolve.
-- BERNAMA
Tuesday, 8 September 2026
BIDGELY TO SHOWCASE AI-DRIVEN SMART METER INSIGHTS AT ENLIT ASIA 2026
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| Bidgely will showcase how AI unlocks the true potential of smart meter data to help utilities drive enterprise-wide impact. |
KUALA LUMPUR, Sept 8 (Bernama) -- Bidgely will showcase its artificial intelligence (AI)-driven smart meter analytics at Enlit Asia 2026, demonstrating how utilities across Southeast Asia can use advanced data insights to improve customer experience, protect revenue and strengthen grid planning.
In a statement, Bidgely said the event will be held from Sept 22 to 24 in BSD City, Jakarta, bringing together utilities, regulators, technology providers and energy leaders from across the ASEAN region.
Bidgely Vice President for EMEA and APAC, Nipun Jain, said utilities across Southeast Asia have established a strong digital foundation through rapid advanced metering infrastructure (AMI) rollouts, with smart meters generating valuable operational data.
He said the company will demonstrate how AI and machine-learning analytics can turn interval data into outcomes such as reducing bill shock, addressing non-technical losses and building a more resilient grid.
At Enlit Asia, Bidgely will highlight solutions across three areas — value to consumer, revenue protection and advanced grid intelligence.
Its consumer-focused solutions provide personalised, appliance-level energy-use insights while equipping customer service representatives with data to resolve complex enquiries. For revenue protection, its AI algorithms analyse AMI data to identify anomalies and help utilities detect energy theft and reduce non-technical losses.
For grid intelligence, Bidgely will demonstrate how utilities can gain greater visibility into distribution assets, including transformer capacity and asset stress, as the adoption of distributed energy resources such as solar and electric vehicles increases.
Bidgely’s UtilityAI platform can be deployed as a fully managed software-as-a-service (SaaS) solution or within a utility’s preferred cloud and data environment, including Amazon Web Services, Microsoft Azure, Snowflake and Databricks.
The company will also participate in thought leadership sessions covering digitalisation and AI, ASEAN energy dialogue and grid modernisation, alongside three technical presentations on asset visibility, grid and feeder-level forecasting, and distributed intelligence for greater grid flexibility and resilience.
Through its participation at Enlit Asia 2026, Bidgely aims to demonstrate how utilities can move beyond using smart meter data primarily for billing and apply AI-powered analytics to support operational intelligence, customer engagement and the transition towards more resilient energy networks.
-- BERNAMA
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