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amazing startups that caught our eye at the Singapore Fintech Festival
[Image: Singapore_Fintech_Festival.gif]

From KYC to bond-buying, fintech startups are tackling every segment of the financial industry. This year marks the third edition of the Singapore Fintech Festival (SFF), and boy, does it feel larger and grander than its previous incarnations.

In fact, the space SFF occupies is so vast, you could literally get a solid workout walking back and forth across the different event halls. And mind you, this is backed by actual facts: According to Singapore’s central bank, the Monetary Authority of Singapore (MAS), it takes 1,600 steps to cover all its four halls.

Considering the varied mix of corporate innovation arms and leading tech platforms exhibiting, as well as a whole host of panels, fireside chats and keynote speeches given by esteemed speakers such as India’s Prime Minister, Narendra Modi, and the IMF Managing Director Christine Lagarde, any SFF attendee would be hard-pressed to soak in all the conference has to offer; even when it spans three days.

It is a little overwhelming for the senses, but one thing that can be gleaned from this amazing conference is this: the fintech ecosystem is blossoming; entrepreneurs have a deep hunger and willingness to tap into nascent technologies such as blockchain, to transform the lives of people of different backgrounds — from the HNWI investor to the unbanked shopkeeper going online for the first time via a smartphone.

Here are 4 startups at this year’s SFF that showcase why fintech innovation is important.

Founded in 2015, Singapore startup BondEValue wants to make bond-buying simpler and cheaper for accredited investors.

Using an app, investors can view clear and transparent information about the bonds they are buying and manage their bond portfolios. For example, BondEValue is able to display accurate information about a brokerage’s spread to investors so they can make more informed purchase decisions. Using this information, investors can expect to save up to a few thousand dollars per trade.
Singapore-based startup, a subsidiary of anti-money laundering company Cynopsis, is using blockchain to enhance the electronic Know-Your-Customer (KYC) process. On its platform, it provides a list of KYC service providers — such as Thomas Reuters or Dow Jones — for companies to use so they can verify the authenticity of a party that they want to go into business with.

Both companies — the one who wants to conduct the KYC process and the one who needs to be KYCed — need to be on board on the Traceto platform before a KYC process can be initiated. Traceto incentivises users to come on to its platform to get verified through the use of tokens.

Singapore startup Finesse is among the growing breed of robo-advisor platforms popping up in the market. The difference is that it markets itself as a hybrid digital tool to help relationship managers better manage their clients’ portfolios, as opposed to being a platform that directly invests on the behalf of clients (as in the case of StashAway).

VoxSmart is a UK startup that has an office in Singapore. What it provides is an app that can record phone calls or text messages from a variety of commonly-used platforms including WhatsApp and WeChat. The VSmart app then uploads all recordings to a cloud platform, storing important information such as a time/date stamps, length of recording, phone number and more.

This feature is important for financial institutions because it helps them to address compliance risk management. Typically, wealth managers or bank traders have to use a landline at their office desks when conducting calls with their clients — because that is when they are able to record calls. By developing this feature for smartphones, it makes it easier for them to do business with clients and still stay compliant.

dan itulah perusahaan startup yang menarik perhatian di Singapore Fintech Festival

Distributor resmi sedia Mesin printin kain | Textile | Sublimation juga Tinta
Saya liat perkembangan teknologi jenis ini cukup logis sih. Waktu teknologi blockchain mulai masuk ke dunia IT, banyak bisnis yg merasakan manfaatnya, salah satunya industri finansial. Semoga saja nantinya lebih banyak lagi start up semacam ini.
mari kita pantau terus kak, sapa tau dalam waktu bakalan muncul hehe  Big Grin
Distributor resmi sedia Mesin printin kain | Textile | Sublimation juga Tinta

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