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Fintech - Hype or Reality - IDA codeXtremeApps


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What is Fintech?
- Concepts relevant to Fintech
- What makes it hype? What makes it real?
- How can you make a differen

Published in: Business
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Fintech - Hype or Reality - IDA codeXtremeApps

  1. 1. Fintech Varun Mittal (Alibaba) Altona Widjaja (OCBC) You decide
  2. 2. Today’s menu ➔What is fintech ➔Concepts relevant to fintech ➔What makes it hype and real ➔How you can make a difference 2
  3. 3. 3 Source: google image
  4. 4. Key factors driving Fintech Innovation 4 Source: google image
  5. 5. 5 Source: google image
  6. 6. 6 What’s safe to spend = what i have - what i need to pay/safe/invest ● Cash in my wallet ● Balance in my ez- link/flashpay ● Balance in my bank account 1, 2, 3, 4 ● Valuables (assets) e.g. rare collectibles, handphone, financial products, ● Bills e.g. mobile line, spotify subscription ● Installment from loan ● School fees ● Special occasion e.g. holiday, girlfriend gift, etc
  7. 7. 7 How much to safe? ● How much others like me safe? ● Where’s the best place to safe? ● What’s the requirement to open an account? ● How do i open an account? What should i protect? ● How much others like me? ● Where’s the best place? ● What’s the requirement? ● How do i do it?
  8. 8. One day at the mall Want to buy that jeans Not about checking balance, but knowing: What’s safe to spend? How much to save? What to protect? How much to invest? 8 Can i buy that jeans?
  9. 9. Now I have some spare cash How much can i invest? How to earn passive income and grow my money? Understanding macro-economics Understanding risk appetite Get advise to decide on a product Buy the product Monitor what you have 9
  10. 10. I want to buy an asset e.g. house, good for my business Insufficient cash now but its coming in the next few months/years I need to get money in advance - loan How much can i borrow? What do i know about this customer? What data is available? Static information? Behaviour pattern? How do i know that he will payback the money? 10 Source: google image
  11. 11. 11 Source: google image
  12. 12. 12 Source: google image
  13. 13. 13 Source: google image
  14. 14. 14 Source: google image
  15. 15. MAS hackcelerator problem statements 15 Inspiration?
  16. 16. 16 Inspiration? Source: google image
  17. 17. ATM location Branch location FX rate Credit card deals More…. 17 Inspiration?
  18. 18. 18
  19. 19. Hype OR Reality? You can decide And make the difference 19
  20. 20. Thank you 20