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FinTech

Financial Technology

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Investments

FinTech

Stocks Discussion

Best app to track holdings and performance?
Colin Lim
Colin Lim
Top Contributor

Top Contributor (Apr)

Level 7. Grand Master
Answered on 14 Apr 2020
I am looking for that too, 1 seedly member told me ifast gm.
👍 0

Syfe

Investments

SeedlyTV S2E04

Robo-Advisors

StashAway

FinTech

How safe is it to store the money in Robo-Advisors such as Syfe, StashAway as compared to banks and insurance companies. What will happen to your money if these companies go bankrupt?
Eliezer
Eliezer
Level 6. Master
Answered on 04 Mar 2020
Hello there! I'm Eliezer from Syfe. At Syfe, the security of your funds and assets is of utmost importance. Syfe is licensed by the Monetary Authority of Singapore (MAS) and we hold a Capital Markets Services (CMS) License for retail fund management. Funds in your Syfe account are held in a Trust Account in DBS Bank while your investments are held in a Custodian Account through Saxo Capital Markets. Your money and assets are always held separately from Syfe's assets. This means that Syfe will never be able to use your funds and assets, even in the very unlikely event that Syfe stops operating. As such, you’ll always have a claim on your investments. What’s more, as a CMS license holder, we have met all the stringent requirements and standards set by MAS to prevent a bankruptcy event from happening, and to keep our clients’ funds and assets safe. This includes meeting the minimum capital requirement to ensure that Syfe has sufficient daily cash flow to meet all operational needs. Finally, clients are free to withdraw their money any time they wish. Syfe does not impose any exit penalties or lock-in periods, so clients are truly able to access their money as and when they need to. Moreover, we also have a full-time internal compliance team together with an external compliance team. We've one of the big 4 auditors further reviewing and approving our internal processes and safety measures as well.
👍 5

Kristal.AI

FinTech

Robo-Advisors

Does anyone know how to fund Kristal.AI account? I recently signed up with Kristal.AI and wondering is it safe to add our banking details, if needed?
CJ
Cynthia Jasmin
Level 6. Master
Answered on 26 Mar 2020
Hi there, i understand your concern but you have nothing to worry about. As for your details Kristal.AI takes management and security of customer information very seriously. Kristal.AI uses best-in-class data security measures (encryption, firewalls, anti-virus software, login protocols, etc). Further, we split and segregate the information across multiple databases to limit the impact of a data breach, however improbable it may be. As for funding your account, here's the link of tutorial on how to execute it https://www.youtube.com/watch?v=8rA4V0KzC18 Hope this helps
👍 1

Investments

FinTech

Robo-Advisors

Stocks Discussion

Is it wise to make investments during this period of time? I'm new at investment and unsure of what aspects to look into?
Frankie Aufhauser-Rappaport
Frankie Aufhauser-Rappaport
Level 9. God of Wisdom
Answered on 26 Mar 2020
All are confused. good random entry point. however entry not so important. start investing now with: ultra-long term buy & hold of broadly diversified, cheap and large, physically replicated passive indexing stock ETFs (complemented by 5-10% physical gold) with periodic (f.ex. quarterly) investing via a cheap online broker and all currency switches made (not by the broker or bank but) by Transferwise seems a sound strategy. Avoid mutual funds/unit trusts at all costs
👍 0

Robo-Advisors

Kristal.AI

Investments

FinTech

I have been looking at various robo-advisors and interested to sign up with Kristal.AI considering they have free sign-up policy. Any tips for easy sign up?
CJ
Cynthia Jasmin
Level 6. Master
Answered on 23 Mar 2020
Hi there, there is definitely no fees for your first $50,000 USD investment! As for the sign up steps please take a look at the video linked below. https://www.youtube.com/watch?v=Ql7K2mwhnGc Hope this helps, Cynthia
👍 3

Expenses Tracking

FinTech

Has anyone used Financial Butler app to track expenses?
No, I use a customised excel sheet that is capable to track my cashflow and to help me with my budget planning. Here is everything about me and what I do best.
👍 0

Grab

Singtel

FinTech

General

Thoughts on the possibility of a fully-digital bank? Is it feasible? What would be the pros and cons to this?
Andy Sim
Andy Sim, HR Professional at a Financial Institution
Level 7. Grand Master
Answered on 05 Mar 2020
Hi Brandon, I guess fully digital banking will allow you to perform transactions anytime anywhere and they will be updated in real time (hopefully), cutting down on uncessary paperwork etc. But the cons of it is the issue of depositing cash (if you have some on hand) and the security of your money inside the digital bank. Would be interested to see how these banks resolves these issues and also convince us about cybersecurity and safety of our money.
👍 0

Career

FinTech

Education

Undergraduate

Software engineering or traditional engineering, which would be a better career path in this day and age?
Pascal S
Pascal S, MBA Graduate at Singapore Management University
Level 6. Master
Answered on 28 Feb 2020
It depends. Both works. Both could backslash. You could go into software engineering and be the top 20% software engineers in the world or you could go into "traditional engineering" and be the top 5% in your field in the world. And, maybe because less people are going into "traditional" engineering roles, if you can achieve top 5% in your field, you could be in high-demand....and command a salary of your dreams... A lot of maybes... Good luck Cheers, Pascal
👍 1

Entrepreneurship

FinTech

Seedly

What tech stack is Seedly built on?
Lim Boon Tat
Lim Boon Tat, Mathematics at Cambridge University
Level 6. Master
Answered on 02 Feb 2020
Given the speed at which they launched, i'm going to guess Vue / React for frontend, and RoR / NodeJS for backend, hosted on AWS.
👍 0

YouTrip

Multi Currency Cards

FinTech

Credit Cards

Anyone being using YouTrip card in China and what are your positive & negative experiences?
Tee-Ming Chew
Tee-Ming Chew, Co-founder at Seedly
Level 6. Master
Answered on 26 Dec 2019
I actually had a bad experience with the multi currency card app itself... So I was in Malaysia couple months back and I was going to pay on behalf of the dining group. Before making the payment, I wanted to check the app to see if I have sufficient amount to pay for the meal. Turns out I was actually logged out of the app and when I was trying to login, it requires OTP that was sent to my Singapore SIM which I have no access to (because I was using the local SIM). So in the end, I had to use another multi-currency card to make the payment (which I was logged in already). That being said, any app that uses OTP login only will face the same issue. So just beware and make sure you're logged in if they require OTP!
👍 2
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