Fintech

Varun Mittal (Alibaba)

Altona Widjaja (OCBC)

You decide

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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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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?

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?

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Can i buy that jeans?

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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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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MAS hackcelerator problem statements

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Inspiration?

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Inspiration?

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ATM location

Branch location

FX rate

Credit card deals

More….

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Inspiration?

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Hype OR Reality?

You can decide

And make the difference

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Thank you

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