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

1. Fintech
Varun Mittal (Alibaba)
Altona Widjaja (OCBC)
You decide

2. Today’s menu
➔What is fintech
➔Concepts relevant to fintech
➔What makes it hype and real
➔How you can make a difference
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Source: google image

4. Key factors driving Fintech Innovation
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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

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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. 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. 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
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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?
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Source: google image

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15. MAS hackcelerator problem statements
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Inspiration?

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Inspiration?
Source: google image

17. ATM location
Branch location
FX rate
Credit card deals
More….
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Inspiration?

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19. Hype OR Reality?
You can decide
And make the difference
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20. Thank you
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