The Platform-based business has dominated the digital economy. The concept is quickly spreading to banking and financial services. Besides, the widespread of Internet and mobile access has influenced fintech companies and banks to move to platform-based banking.
The following five companies are offering ecosystems and B2B providers for Southeast Asia fintech. Therefore, fitench job may become much easier.
Read more: Singapore Open to do New Concepts Attracts Fintech Companies
Ancileo Insurtech
Ancileo is a platform that offers Insurance technology (Insurtech). As fintech startups find building their insurance can be lengthy and complex, thus, Ancileo can be the solution. Ancileo is a Singapore based insurtech company. It combines flexible technology and 1/3 top global insurance partners.
Ancileo provides plug and play, secure and customizable solutions. Thus, it enables efficient insurance distribution via API integration.
WeChat’s Ecosystem
Tencent, the owner of WeChat, launched a Mini Program in January 2017. It is a lightweight app that runs inside the platform. It intended to help users to avoid downloading a stand-alone app. Thus, it develops apps that are independent of Android or IOS.
The service allows Tencent to lock their user longer. By November 2018, WeChat ecosystem had over one million mini-programs. Consequently, WeChat ecosystem has been half the size of the Apple App Store. It is now home for 2.1 million apps by April 2018. WeChat also offers 200 million active users every day.
Mynt Mobile Money
Mynt is a fintech partnership between Philippines’ Globe Telecom, the Ayala Corporation, and the Ant Financial. It provides fintech solution to customers, merchants, and organizations in The Philippines. In other words, it focuses on 5 key services: payments, remittances, and loans.
Mynt is the operator of GCash. GCash is a money platform. It is Philippine’s leading mobile money platform. In three years, 15 million users registered in GCash. Besides, it also had over 30,000 QR merchants in the Philippines.
Bento Digital Wealth Management
Bento is Singapore-based digital wealth management. It launched in October 2016. Bento is a hybrid B2B platform built for banks, wealth managers, brokers, and insurance companies.
Bento enables them to launch digital wealth solutions quickly. To clarify, the solution includes UI UX clients on board and VaR portfolio construction. It is modular. Besides, it can also be implemented as an end-to-end solution or to cater the specific need. Bento’s B2B entity is licensed under the Monetary Authority of Singapore (MAS).
These ecosystems and B2B providers may help Southeast Asia Fintech, therefore, they can have efficient services.