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FinovateAsia Digital 2021 Sneak Peek: Strands

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A look at the companies demoing at FinovateAsia Digital on June 22, 2021. Register today and save your spot.

Strands is a fintech software company and part of the CRIF Group, which develops AI-driven solutions for banks to help increase customer engagement and generate new revenue through digital channels.

Features

  • Smarter money management for the retail banking customer
  • Improved bank-user engagement
  • Greater share of wallet for the bank

Why it’s great
Strands PFM allows banks to know how people spend and then helps them do it better. With all their accounts in one place and categorized transactions, customers are more able to plan ahead and budget.

Presenter

Bavani Meganathan, Technical Presales Consultant
Meganathan is Strands’ Technical Presales Consultant in APAC. She is based in Malaysia.
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Source: https://finovate.com/finovateasia-digital-2021-sneak-peek-strands/

Blockchain

Crypto fintech Centbee selected for regulatory sandbox

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YouTube has banned ads about gambling, alcohol, politics, and prescription drugs from its masthead, the website’s most prominent advertisement slot. Axios reported the ban…

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ventureburn.com/2021/06/crypto-fintech-centbee-selected-for-regulatory-sandbox/

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Blockchain

Crypto fintech Centbee selected for regulatory sandbox

Published

on

YouTube has banned ads about gambling, alcohol, politics, and prescription drugs from its masthead, the website’s most prominent advertisement slot. Axios reported the ban…

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ventureburn.com/2021/06/crypto-fintech-centbee-selected-for-regulatory-sandbox/

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Crowdfunding

Fintech Veteran Frank Rotman Talks Building Wealth with Investments, Real Estate, Business Ownership

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Frank Rotman, who claims to be a 27+ year Fintech veteran and the Co-founder of QED Investors, notes that small businesses are quite important to our communities.

Rotman points out that minority-owned small businesses do not have equal access to capital and the appropriate tools. He also asks whether this is solvable.

Rotman adds that we have all heard about how SMEs are considered the “backbone” of the US economy. He reveals that a quick review of the facts shows that this statement is “very much true.” At present, there are numerous registered SMEs that employ millions of people across the country, Rotman confirms.

He adds:

“While it may seem like big companies hold all the power, it’s undeniable that SMEs play a critical role in their success. Smaller firms supply critical goods and services to big companies. They’re customers of big companies. And they’re catalysts for innovation and change. Without SMEs, our daily lives wouldn’t be the same. Small Businesses are at the heart of Main Street and foundational to how we operate as a country. And it shouldn’t be overlooked that when you buy from a Small Business, an actual person does a happy dance.”

Rotman claims that the good news is that “new business formation isn’t slowing down.” It is actually speeding up, he adds while noting that numerous SMEs are launched every year. He points out that the impact of the COVID-19 outbreak during 2020/2021 may be seen and is verifiable by examining the relevant data. He adds that significantly more people are now wanting to “be their own bosses” and a lot more are also interested in owning their own business.

Rotman adds:

“@HelloAlice is tackling this problem head on. Their service helps SME owners access financial resources, source free business education, find new customers and interact with helpful fellow SME owners. Their goal is to improve the success rate of their members. And the mission is a noble one, especially with regards to the role small business ownership has on closing the gap of wealth inequality.”

Rotman further notes that out out the primary pillars of building wealth (investments, real estate and business ownership), “two require large amounts of initial capital to be put to work as a starting condition for the strategy to work” and from there, compounding “does its magic over decades.”

He adds that in contrast, business ownership is “a path to self-sufficiency and wealth fueled in large part by grit and determination.” He also acknowledges that launching a business “isn’t free, but there are many “capital light” and “capital efficient” businesses that can be assembled and started easily.”

Rotman clarifies:

“This by no means suggests that starting a business has been universally solved or that the startup world is one of equality and fairness. The opposite is true. Sourcing and procuring startup and working capital for local and minority owned businesses is a major issue.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176686-fintech-veteran-frank-rotman-talks-building-wealth-with-investments-real-estate-business-ownership/

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Fintech

UOB Issues Digital Asset Offering of S$600 Million on Marketnode’s Platform

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UOB has tapped Marketnode’s digital asset issuance, depository and servicing platform to issue its latest bond offering of S$600 million, with a final orderbook of more than S$1 billion from a total of 73 accounts.

Marketnode, a joint venture between Singapore Exchange and Temasek, is an exchange-led digital asset venture focused on capital markets workflows through smart contracts, ledger and tokenisation technologies.

The platform leverages distributed ledger technology to connect various parties involved in the transaction, from issuers to investors,  and to tokenise the capital security, so that smart contracts can be created and conducted for greater efficiency.

The digital bond is run in parallel with the conventional issuance process.

The bank’s AT1 securities have been priced at a fixed coupon rate of 2.55 percent, which UOB said is the lowest for a benchmark perpetual securities for banks in Singapore.

The transaction saw a subscription rate of 1.7 times, supported by an extensive investor base comprising both quality institutional accounts and private banking investors. Ninety-two percent of them were based in Singapore while eight percent were international offshore investors.

The perpetual capital securities are expected to be rated Baa1, BBB- and BBB+ by Moody’s Investors Service, S&P Global Ratings and Fitch Ratings respectively.

UOB is the sole global coordinator and, together with Credit Suisse, HSBC and Standard Chartered, the joint lead managers and bookrunners.

Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB

Wee Ee Cheong

Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB, said,

“UOB is fully behind the development of Singapore’s digital capital markets infrastructure and the smooth transition to a SORA-centred financial market.

As more global issuers and investors come on board and participate in Singapore’s digital capital markets, we will see further strengthening of Singapore’s status as the region’s financial hub.”

Featured image: Photo by Christoph Theisinger on Unsplash 

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://fintechnews.sg/51857/blockchain/uob-issues-digital-asset-offering-of-s600-million-on-marketnodes-platform/

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