Instapay, an e-wallet plus pre-paid Mastercard, is specially designed to enhance payroll management of businesses that employ unbanked blue-collar workers. It serves to streamline payroll processing within organisations while promoting financial inclusion of their under-banked/unbanked employees.
The platform is currently available in Malaysia, a country that is a major destination for migrant workers from other south Asian countries. The migrants are usually employed in low-skilled work and face challenges of financial inclusion, among others.
Instapay’s vision is to build the capacities of employer organisations to manage their payroll in a financially inclusive and regulation compliant manner. It also aims to facilitate the entry of the migrant workers into the formal digital economy by securing their earnings and allowing them to make purchases and remit funds online.
Anand is a career investment banker and has worked with Credit Suisse First Boston, Peregrine, Ojas Energy and the boutique investment advisory firm, Tao Capital, heading asset development and M&A practices in various industry verticals in South East Asia and Africa.He is also a Director of Karthavya Technologies, Bengaluru, India which has developed mission critical software applications for the financial securities industry, end-to-end software suite for the broadcasting industry and automation & ERP for plantations. He was also responsible for development of mobile-based financial terminal with technical indicators much before the advent of the present mobile app boom in 2009.Anand is a commerce graduate with specialisation in securitisation and asset-backed securities.
Rajnish has extensive experience in transaction banking, liabilities, consumer finance, wealth management and risk/governance within the financial services domain. Apart from being a key founder member of a large financial services start-up, he has worked in senior roles with leading global financial institutions such as HSBC, Standard Chartered Bank and Fullerton Financial Holdings, Singapore. Rajnish is an MBA in Finance & Marketing from the Indian Institute of Management, Lucknow (India) and is also a CFA Charter holder. He is an engineering graduate from the National Institute of Technology, Jamshedpur, India
Anand Soma has more than 21 years of experience in banking, hire purchase & leasing, manufacturing, transportation, food & beverage industry and edible oil industry.He is a prominent Malaysian Indian entrepreneur and was a Council member of Selangor Indian Chamber of Commerce and Industry.Anand Soma has also been the CFOof Premier NalfinBerhad (formerly Premium Nutrients Bhd) since July 2011 as well as a Director at Capital Hive Limited (licensed fund manager in Labuan).He is a graduate of science in business administration from Arkansas State University, USA, and has attended the Harvard Business School Senior Management Program.
Tan Sri Dr. T. Marimuthu’s illustrious career has been specially informed by his specialisation in governance and education. He was Deputy Agriculture Minister (1994-1995) and has served as a Senator (1996-2002). In education, he has served as Deputy Dean in Universiti Malaya’s Education Faculty and an education consultant for UNESCO and World Bank. He is now an Adjunct Professor at Asia-e-University.He was also Chairman of Asian Institute of Medicine, Science and Technology University in Kedah, Malaysia.
Rajnish has extensive experience in transaction banking, liabilities, consumer finance, wealth management and risk/governance within the financial services domain. Apart from bringa key founder member of a large financial services start-up, he has worked in senior roles with leading global financial institutions such as HSBC, Standard Chartered Bank and Fullerton Financial Holdings, Singapore.Rajnish is an MBA in Finance & Marketing from the Indian Institute of Management, Lucknow (India) and is also a CFA Charter holder. He is an engineering graduate from the National Institute of Technology, Jamshedpur, India.
Dato’ Sri Arnold Andrew is the Managing Partner of the legal firm, Arnold Andrew & Co.,based in Kuala Lumpur with branches in Ipoh, Taiping, Perak and Penang. It specialises in the areas of banking, insurance and construction litigation. The firm has 10 lawyers with three partners.
Mr.Siew Kin Mengwas Head of the Finance Department and Deputy Chief Executive, Retail Business at Bank Simpanan Nasional (BSN). In this capacity, he handled thebank’s Negara regulatory reporting, financial analysis and simulations, sales and marketing of all products, training, project management, tax planning and compliance. He is a member of the Malaysian Institute of Certified Public Accountants (MICPA) (1987) as we as the Canadian Institute of Chartered Accountants (CICA) (1991).
Subash started his career in banking with United Asian Bank as Bank officer in 1974. He was nominated twice as the module leader in the integration of United Asian Bank with Bank of Commerce and later Bank of Commerce with Bank Bumiputera in 1989 and 1999, respectively, working closely with Boston Consulting Group. He retired from Bumiputera Commerce Bank (presently known as CIMB) as one of the Vice Presidents in 2001. Currently, he holds various Board positions corporations based across South East Asia.