{"id":12641,"date":"2024-11-08T08:08:00","date_gmt":"2024-11-08T00:08:00","guid":{"rendered":"https:\/\/dollarsandsense.sg\/business\/?p=12641"},"modified":"2024-11-07T14:11:48","modified_gmt":"2024-11-07T06:11:48","slug":"singapore-brands-on-fortune-fintech-innovators-asia-list-singapore-fintech-festival","status":"publish","type":"post","link":"https:\/\/dollarsandsense.sg\/business\/singapore-brands-on-fortune-fintech-innovators-asia-list-singapore-fintech-festival\/","title":{"rendered":"10 Singapore Brands On The Fortune Fintech Innovators Asia 2024 List \u2013 Announced At Singapore FinTech Festival"},"content":{"rendered":"\n

Over the past decade, fintech innovation has exploded in Singapore, and really across the world. This has reshaped how consumers and businesses interact with banks and handle our payment and banking transactions.<\/p>\n\n\n\n

Advancements in WealthTech and InsureTech has also transformed the investment and insurance landscapes. At the same time, no conversation on fintech is complete without discussing blockchain and cryptocurrencies.<\/p>\n\n\n\n

In recognition of Asia\u2019s fintech revolution, the first-ever Fortune Fintech Innovators Asia 2024<\/a> list of 60 brands was announced \u2013 very fittingly, at the Singapore FinTech Festival (SFF) 2024.<\/p>\n\n\n\n

Here, we spotlight 10 standout brands representing Singapore on this prestigious list.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>9 Singaporean Women On The Fortune Most Powerful Women Asia 2024 List<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

#1 Coinhako<\/strong><\/h3>\n\n\n\n

Category: Blockchain and Crypto<\/strong><\/p>\n\n\n\n

Category Rank: 9th out of 10<\/strong><\/p>\n\n\n\n

\"Coinhako\"<\/figure>\n\n\n\n

Coinhako is one of 10 blockchain and crypto brands featured on the Fortune Fintech Innovators Asia 2024 list \u2013 highlighting its impact in the blockchain space in the region.<\/p>\n\n\n\n

Founded by Yusho Liu and Gerry Eng in 2014,\u00a0Coinhako<\/a>\u00a0is one of Singapore\u2019s pioneering cryptocurrency platforms. With real-time prices and an easy-to-use interface, users can seamlessly trade and manage popular cryptocurrencies like bitcoin, Ethereum, Cardano and other altcoins.<\/p>\n\n\n\n

Coinhako also secured a Major Payment Institution (MPI) licence by MAS, making it a regulated provider under Singapore\u2019s Payment Services Act.<\/p>\n\n\n\n

As one of the earliest crypto wallets and exchanges in Southeast, Coinhako also played a key role in driving cryptocurrency education and adoption in the region.<\/p>\n\n\n\n

#2 SeaBank<\/strong><\/h3>\n\n\n\n

Category: Digital Banks<\/strong><\/p>\n\n\n\n

Category Rank 7th out of 15<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Recognising its impressive growth and capabilities,\u00a0SeaBank Indonesia<\/a>\u00a0was featured 7th under Fortune\u2019s Digital Banks category. They are the Indonesian subsidiary of Singapore-based and NASDAQ-listed Sea Group.<\/p>\n\n\n\n

Of course, Sea Group is the leading internet company founded in 2009, by now billionaire trio Forrest Li, Gang Ye and David Chen.<\/p>\n\n\n\n

Leveraging Sea\u2019s popular regional e-commerce platform Shopee to appeal to a wide range of customers, SeaBank Indonesia has grown to serve 13 million customers with total assets of nearly $2 billion.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>10 Richest Persons In The World In 2024 And How They Built Their Wealth<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

#3 Trust Bank<\/strong><\/h3>\n\n\n\n

Category: Digital Banks: Rising Stars <\/strong><\/p>\n\n\n\n

Category Rank: 5th out of 5<\/strong><\/p>\n\n\n\n

\"Trust<\/figure>\n\n\n\n

Trust Bank was another Singaporean brand in the Fortune Fintech Innovators Asia 2024 list. As one of the newest additions in Singapore\u2019s banking space, it was aptly named in the Digital Banks: Rising Stars category, and ranked 5th in it.<\/p>\n\n\n\n

Licenced by the MAS as a Full Bank in Singapore,\u00a0Trust Bank<\/a>\u00a0is backed by a unique partnership between Standard Chartered Bank and FairPrice Group. Unlike traditional banks, Trust operates as a digital bank \u2013 without physical branches. This is not only to reduce cost and simplify its banking products, but to offer a personalised digital-centric service with speed and convenience.<\/p>\n\n\n\n

By focusing on digital services, transparency, intuitive financial tools, and rewards tailored to individual lifestyles, Trust has set the digital banking standard for what people expect from their banking experience.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>Complete Guide To Trust Bank\u2019s Products And Services<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

#4 Income Insurance<\/strong><\/h3>\n\n\n\n

Category: InsureTech<\/strong><\/p>\n\n\n\n

Category Rank: 5th out of 10<\/strong><\/p>\n\n\n\n

\"Income<\/figure>\n\n\n\n

Established in 1970, Income Insurance was rebranded (from NTUC Income) in 2022. As a leading insurer in Singapore, Income Insurance provides a wide range of products spanning life, health, motor, and home insurance, along with investment-linked and retirement solutions for individuals and families.<\/p>\n\n\n\n

Income Insurance<\/a>\u00a0also has its roots in fulfiiling social responsibility \u2013 with products that are accessible and affordable. Another thing Income Insurance is known for is its products that are specifically built for lower income groups.<\/p>\n\n\n\n

By combining affordability with high standards of service and reliability, Income Insurance has become a trusted partner for policyholders seeking financial security and peace of mind in an unpredictable world.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>A Simple Analysis Of NTUC\u2019s Income Insurance Sale To Allianz<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

#5 AMTD PolicyPal<\/strong><\/h3>\n\n\n\n

Category: InsureTech<\/strong><\/p>\n\n\n\n

Category Rank: 9th out of 10<\/strong><\/p>\n\n\n\n

\"AMTD<\/figure>\n\n\n\n

AMTD PolicyPal is an InsurTech platform that brings innovative digital solutions to personal insurance management. <\/p>\n\n\n\n

Founded in Singapore,\u00a0PolicyPal<\/a>\u00a0was created to simplify and modernise how individuals buy, manage, and understand insurance. As part of AMTD Digital, post-acquisition in 2020, it benefits from an expansive network across Asia\u2019s financial ecosystem, offering customers a wide array of insurance products from trusted providers.\u00a0<\/p>\n\n\n\n

With a focus on transparency and user-friendly design, PolicyPal empowers users to take control of their insurance needs seamlessly through a single digital platform. It caters to the modern consumer with personalised recommendations, simplified policy comparisons, and digital tools, making insurance more accessible and less intimidating for everyone.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>How much would you sacrifice to start your own startup?<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

#6 Grab<\/strong><\/h3>\n\n\n\n

Category: Payments<\/strong><\/p>\n\n\n\n

Category Rank: 4th out of 10<\/strong><\/p>\n\n\n\n

\"grab\"<\/figure>\n\n\n\n

Better known as a ride hailing  platform, Grab has come a long way since its founding in 2012 \u2013 growing into a superapp and entrenched into the payments system today.<\/p>\n\n\n\n

Within its superapp, we can use\u00a0GrabPay<\/a>\u00a0for a range of cashless payments, online and in physical stores. Today, we can also use Grab\u2019s PayLater, a BNPL service that allows us to buy now, pay later without any interest or hidden fees.<\/p>\n\n\n\n

Besides its own Grab superapp, has also entrenched itself in the financial sector with digital bank, GXS Bank \u2013 where Grab owns 60% and Singtel owns the remaining 40%.<\/p>\n\n\n\n

#7 Endowus<\/strong><\/h3>\n\n\n\n

Category: WealthTech<\/strong><\/p>\n\n\n\n

Category Rank: 4th out of 10<\/strong><\/p>\n\n\n\n

\"Endowus\"<\/figure>\n\n\n\n

Designed to make professional investing accessible, affordable, and efficient for all, Endowus makes the Fortune Fintech Innovators Asia 2024 list under the WealthTech category \u2013 ranking 4th.<\/p>\n\n\n\n

Endowus<\/a>\u00a0was the first, and currently still remains the only, platform that allows investors to manage our CPF, SRS and cash investments all in once place. Moreover, investors can also grow their money in a diverse range of investments \u2013 from long-term growth to shorter-term cash management accounts, and even private equity investments for accredited investors.<\/p>\n\n\n\n

With a focus on providing institutional-grade investment solutions at a low cost, Endowus combines personalised financial advice with a commitment to transparency, ensuring that clients\u2019 interests come first. In fact, Endowus started the trailer-rebate conversation \u2013 educating investors on trailer fees and how it eats into our potential returns in the long-term.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>Understanding Endowus: How This FinTech Investment Advisor Will Help S\u2019pore Investors Access Superior Global Portfolios At Low Cost<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

#8 StashAway<\/strong><\/h3>\n\n\n\n

Category: WealthTech<\/strong><\/p>\n\n\n\n

Category Rank: 6th out of 10<\/strong><\/p>\n\n\n\n

\"StashAway\"<\/figure>\n\n\n\n

In 2017, StashAway became the first MAS licenced digital wealth advisor platform in Singapore. Over the years, it has added to its product suite \u2013 enabling investors to embark on both long-term and shorter-term investments.<\/p>\n\n\n\n

In essence,\u00a0StashAway<\/a>\u00a0simplifies investing for everyone, making it easy for individuals to grow their wealth with minimal effort or knowledge.\u00a0By offering low fees, easy-to-understand portfolios, and transparent reporting, StashAway empowers users to take control of their financial futures.<\/p>\n\n\n\n

The platform\u2019s automated investment strategies are built around modern portfolio theory and tailored to suit each user\u2019s risk tolerance and financial goals. Whether saving for retirement, a major purchase, or simply to grow wealth, StashAway offers a convenient, smart, and cost-effective solution for Singapore investors.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>Investing With StashAway: How You Can Build Multiple Portfolios Through A Single Robo-Advisor<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

#9 Syfe<\/strong><\/h3>\n\n\n\n

Category: WealthTech<\/strong><\/p>\n\n\n\n

Category Rank: 8th out of 10<\/strong><\/p>\n\n\n\n

\"Syfe\"<\/figure>\n\n\n\n

Syfe is another WealthTech platform that enables retail investors in Singapore to grow their money in diverse portfolios.<\/p>\n\n\n\n

Built for both new and experienced investors,\u00a0Syfe<\/a>\u00a0offers a range of portfolio solutions, including those tailored for long-term growth, income generation, and even real estate exposure through REITs.\u00a0<\/p>\n\n\n\n

Its user-friendly app, low fees, and personalised portfolio advice, Syfe makes it easy for users to start, manage, and optimise their investment journeys. Syfe\u2019s goal-based approach, coupled with automatic portfolio rebalancing and risk management, provides a smarter, hands-off way to grow wealth and achieve financial goals with confidence.<\/p>\n\n\n\n

Read Also: Investing <\/em><\/strong>With Syfe: 7 Things You Need To Know About This Singapore\u2019s Robo-Advisor<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

#10 Chocolate Finance<\/strong><\/h3>\n\n\n\n

Category: WealthTech<\/strong><\/p>\n\n\n\n

Category Rank: 10th out of 10<\/strong><\/p>\n\n\n\n

\"Chocolate<\/figure>\n\n\n\n

Rounding up the 10 Singapore brands featured on the Fortune Fintech Innovators Asia 2024 list is Chocolate Finance.<\/p>\n\n\n\n

Singapore-based\u00a0Chocolate Finance<\/a>\u00a0offers daily returns on cash savings with no lock-in period or management fees. Uniquely, this low-barrier solution to optimise returns on cash savings offers users up to 3.6% p.a. on their cash savings.<\/p>\n\n\n\n

Regulated by MAS, investors can also rest assured that their investments are professionally managed and information is provided transparently. <\/p>\n\n\n\n

Giving investors even more assurance, on its website, Chocolate Finance also claims that if the investments do not earn the target returns, the company will step in to top-up shortfalls during qualifying periods.<\/p>\n","protected":false},"excerpt":{"rendered":"The most innovative Singapore brands.\n","protected":false},"author":10,"featured_media":12654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[94],"tags":[2077,2079,2072,1740,687,2071,2070,966,2076,684,2074,2073,1572,1112,2078,2075],"yoast_head":"\n10 Singapore Brands On The Fortune Fintech Innovators Asia 2024 List \u2013 Announced At Singapore FinTech Festival | DollarsAndSense Business<\/title>\n<meta name=\"description\" content=\"10 brands - across blockchain and crypto, Digital Banks and WealthTech - on the Fortune Fintech Innovators Asia 2024 list were from Singapore.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dollarsandsense.sg\/business\/singapore-brands-on-fortune-fintech-innovators-asia-list-singapore-fintech-festival\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Singapore Brands On The Fortune Fintech Innovators Asia 2024 List \u2013 Announced At Singapore FinTech Festival | DollarsAndSense Business\" \/>\n<meta property=\"og:description\" content=\"10 brands - 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