fintech - hype or reality - ida codextremeapps
Post on 12-Feb-2017
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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
2
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
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?
8
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
9
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
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