Dave Chew Wei Yuen, CPA (Aust.), CA (M)

Singapore based ANEXT Bank launched API repository in Q4 2023 to boost #financialinclusion for SMEs. 🔑 ‘84% of Singaporean SMEs intend to search for extra financing in 2024. Despite this, one-third of surveyed SMEs encounter problems gaining access to financing.’ 🔑 Since launching in June 2022, the bank had set out to make financial services accessible and effortless for #underserved SMEs, especially for micro and growing businesses. 💸In March 2024 Anext Bank received SDG 200 million ($148.5 million) investment from its parent company, Ant Group. 🗞️By The Paypers https://lnkd.in/eGnG2R-d 👏 For the #FinancialInclusionChallengers reimagining inclusive financial services 🚀Su Mei Toh I Philip Tan I KAI QIU I Lenz Tan I Yuanita Lim I Swee Yeok CHU I Team ANEXT Bank … #fintech #funding #financialservices #underserved #asia #singapore

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𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐍𝐞𝐰𝐬!  𝐊𝐚𝐤𝐢𝐭𝐚𝐧𝐠𝐚𝐧.𝐜𝐨𝐦 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐌𝐞𝐫𝐜𝐡𝐚𝐧𝐭𝐫𝐚𝐝𝐞 𝐭𝐨 𝐒𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞 𝐌𝐢𝐠𝐫𝐚𝐧𝐭 𝐖𝐨𝐫𝐤𝐞𝐫 𝐒𝐚𝐥𝐚𝐫𝐲 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬! We're thrilled to announce our collaboration with Merchantrade Asia, a Malaysia’s largest Money Services Business (MSB) operator and a leader in the digital payments space! This partnership empowers Malaysian businesses to manage migrant worker salaries more efficiently than ever before. Benefits for Businesses: 1) Improved Efficiency: Automate payroll processes and free up valuable time. 2) Enhanced Security: Leverage Merchantrade's secure e-Wallet platform for worry-free transactions. 3) Convenience for Workers: Migrant workers benefit from the flexibility and accessibility of e-Wallets for managing their finances. Read more here: https://lnkd.in/gYbtbFkv #kakitangan #merchantrade #migrantworkers #payroll #fintech #partnership #malaysiabusiness

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Friends, One year ago today, my financial planning and wealth management company, AnCap Financial, officially started accepting new clients. I’m happy to report that it’s been an exceptionally exciting and successful first year of operation. Currently, I am only 15 clients away from my maximum client goal, at which point I will become a referral only practice for the foreseeable future. With the proximity of this target in mind, I wanted to share more about what I do, and who I serve. I provide comprehensive financial planning and wealth management services to business owners and retirees for a flat-fee. Unlike most advisors, investments, while an important part of what I do, are a relatively insignificant part of my service model. Instead, I choose to focus on adding value to every part of my client’s financial circumstances including insurance, estate, investment, retirement, and especially tax planning. Because I handle so much, they can spend more time focusing on what they love – their families, businesses, and careers. In addition to my services being all-encompassing, my fee model is also relatively unique within my industry (by design) and could save you a significant amount relative to what you might be paying someone else. I am currently accepting individuals and families with the following circumstances as full-time clients: - Business owners with an annual household income greater than $400,000 - Current and aspiring retirees with $1M+ in investable assets Some examples of the kind of work I do for my clients can be found below. The first link is a sample plan for retirees, and the second link is a sample plan for business owners. Fans of the TV show, The Office, might get a kick out of these. Retiree Financial Plan Example - https://lnkd.in/g_bGynXH Business Owner Financial Plan Example - https://lnkd.in/gDmYzUAQ And these deliverables are just the tip of the iceberg. Besides building a roadmap (which is what you see here), my clients hire me to execute on everything by coordinating with the other professionals in their life (and making introductions when appropriate), correcting course when things become misaligned, monitoring progress, and proactively communicating every step of the way. If you’re looking for a knowledgeable and driven financial professional who will help you build wealth, save taxes, and free up your invaluable mental and emotional energy, then I encourage you to reach out and meet with me. In 30-60 minutes, I promise that I will make it worth your while. I encourage you to check out my website as well, especially the "How We're Different" section and my world famous blog. https://lnkd.in/g7PG_BiZ Thanks for reading!

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Validus, a portfolio company of Vertex Ventures SEA and India, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. This funding will be used to support the financial inclusion of micro, small, and medium enterprises (MSMEs) in Indonesia through Validus' subsidiary, Batumbu. As one of Validus' earliest investors, we are excited to see them drive growth and innovation in the digital lending space. With 64.2 million MSMEs contributing 61% of Indonesia's GDP, the potential for impact is immense. Validus aims to empower these businesses by providing more accessible financing options, enabling them to thrive and contribute to economic development. "By leveraging Batumbu's unique position as the largest and only profitable digital SME financing platform in the country, we are committed to unlocking new opportunities for businesses, driving economic growth, and enhancing financial inclusion," said Nikhilesh Goel, CEO of Validus. We look forward to supporting Validus as they continue to expand across Southeast Asia and make a meaningful difference in the lives of MSMEs. Read more: https://lnkd.in/gNeUbiNb #VertexVentures #Investment #Validus #Growth #FinancialInclusion #MSMEs

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Athena Fintech Solution JSC secures AU$25 for its series B #Athena has successfully raised AU$25 million in its Series B funding round, spearheaded by Square Peg with additional commitments from Hostplus and Airtree. This significant investment marks a pivotal moment for Athena as it continues to revolutionize the home ownership market in Australia. Founded by Nathan Walsh, CEO, and Michael Starkey, COO, Athena is on a mission to make home ownership more accessible and affordable, directly challenging the traditional mortgage giants. By leveraging cutting-edge technology, Athena simplifies the mortgage application process, eliminates hidden fees, and offers faster loan repayment opportunities. This innovative approach not only provides consumers with better rates but also removes costly intermediaries, ensuring sustainable lower rates for homebuyers. Athena’s unique business model extends beyond traditional lending by partnering with superannuation funds and other institutions, inspired by successful models in the Netherlands. This strategy not only benefits consumers with enhanced pricing but also delivers improved returns to investors. Early results from Athena’s pilot programs are promising, showcasing significant customer savings and enabling families to reduce their mortgage terms, thereby enjoying life-changing financial benefits. The article on FinTech Global in the first comment.

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SCB Mobile Banking App Fund Transfer Redesign 🔶 The time and effort were all worth it when I finally saw it come to life. Contributing to the team was both challenging and incredibly fun. This project focused on improving the Standard Chartered Bank (SCB) Mobile Banking App to make it easier to use and fix key issues. We worked on solving problems like missing important features on the homepage, hard-to-find menus, and a slow fund transfer process. The redesign added important functions to the homepage and introduced a clear 'Send Money' button. We also combined different fund transfer options, including BEFTN, NPSB, and RTGS, to make the process. Shoutout to my fellow teammates! Nayem Islam, Md Al Amin Rasel, Towhidul Isalm Firose, Sakib Reza, and Shohag Hossan for their constant effort. Check out the full UI/UX case study here: https://lnkd.in/gXkpba5V I’d love to hear your thoughts and feedback. Cheers!

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This improves OCBC's liquidity management resilience and allows the bank to put excess intraday liquidity to work. Read here: https://lnkd.in/gR7vGAVm -with Ken Lai Scott Lucas #fintech #banking #blockchain #lending

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The API Gateway simplifies the onboarding process for retail investors, reducing the time required to open, update, or reactivate accounts. -with Bursa Malaysia Umar Swift https://lnkd.in/gByD2njF #fintech #wealthtech #trading

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This report sheds light on Indonesia's remarkable growth in agent network diversity, transaction activity, and sustainability. The evolution of Indonesia's agent network has facilitated the coexistence of multiple business models and practices, enriching the market, fostering innovation, and promoting accessibility to DFS. Notable diversification, including the integration of various non-bank entities, has led to a flourishing financial ecosystem, marked by a significant upsurge in profitability and transaction volume. However, the agent network also faces several challenges, including a decline in new account enrollments, diminishing support and training from service providers, liquidity management issues, and operational disruptions. Emilio Hernandez-Hernandez Brooke Patterson Bill & Melinda Gates Foundation

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‘Financing Leaders Panel: Accessing Capital in Digital Infrastructure’ is the final session of the day. Moderator Jake Robson is joined by Sam Lawn, Chih-Yao Alex Teo, Johan Batubara, Kok-Chye Ong and Kevork Sahagian to assess challenges such as rising interest rates, shifting valuations and high multiples, and opportunities in the current environment. #TMTForumAPAC #Financing #Leaders #Digitalinfrastructure #DealStructures

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Big news in fintech! Innov8tif's latest collaboration is set to drive major advancements in the industry through identity assurance🌟 Check out how we shaping the future of finance!💡📈 #Innov8tif #Fintech #Collaboration

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Nexus complete blueprint for phase three Bank for International Settlements – BIS and partners have completed the comprehensive blueprint for phase three of (Nexus Project), which will allow ready participants to work towards the next stage of seamlessly connecting their instant payment systems. ⭕️ Phase four will see Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore (MAS), Bank of Thailand, & domestic IPS operators ( who worked together in phase three) joined by Reserve Bank of India (RBI) expanding the potential user base to India’s Unified Payments Interface (UPI). ⭕️ Nexus is designed to standardise the way domestic IPS connect to one another, rather than an IPS operator building custom connections for every new country to which it connect. The operator only needs to make one connection to Nexus. This single connection will allow the IPS to reach the other countries in the Network. #fintech #payment #instantpayment Source: BIS.

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KASIKORNBANK is now finalising its systems ahead of an official launch in early 2025. Read here: https://lnkd.in/gBppPzDU #fintech #Thailand #digitalbanking #digitalasset

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KASIKORNBANK is now finalising its systems ahead of an official launch in early 2025. Read here: https://lnkd.in/gBppPzDU #fintech #Thailand #digitalbanking #digitalasset

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