V3 FinTech has partnered with ISTARI, Ensign, AutoWealth and SeedIn to continue building a robust infrastructure for digital financial services.
V3 FinTech Pte Ltd (“V3 FinTech”), the V3 Group’s unit spearheading the development of digital and financial technology has partnered global cybersecurity platform ISTARI International (“ISTARI”), Asia’s largest pure-play end-to-end cybersecurity service provider Ensign InfoSecurity (“Ensign”), and Singapore fintech platforms robo-advisor AutoWealth and P2P lender SeedIn, as the unit continues to build out a robust infrastructure for digital financial services.
V3 FinTech is part of the Beyond consortium pursuing a Singapore digital full bank license. With a strong Singapore core comprising some of Singapore’s most established institutions, the other Beyond members are contactless payments pioneer EZ-Link, leading property developer Far East Organization, Temasek subsidiary Heliconia, the Singapore Business Federation, and general insurer MSIG.
Mr Gan Chee Yen, Senior Advisor of V3 FinTech, said, “From world-class cybersecurity capabilities to inclusive digital financial services, each of these partners are leaders in their respective fields. We are delighted to welcome our partners to the growing V3 FinTech ecosystem. Beyond a business partnership, we share a deep commitment to elevating lives and livelihoods. With these partnerships, V3 FinTech will continue to build out a regional digital financial services hub based in Singapore to serve SMEs and their workforce in ASEAN and Asia.”
Ensign is a portfolio company of Temasek and part of the ISTARI network that has access to world class expertise, best-in-class solutions and operational capabilities across the spectrum of consulting, solutioning and operations in cyber security. As strategic partners, they will support V3 Fintech in developing its cybersecurity strategy and function, including areas such as capability and technology development, testing and validation and operations as well as awareness training. Through this partnership, V3 FinTech will be able to tap into the deep local and regional expertise of Ensign as well as the global intelligence network of ISTARI as it continues to forge a strong digital financial service ecosystem.
Ms Tammie Tham, CEO of Ensign, said, “Within Asia, Ensign InfoSecurity has become a trusted brand in cyber security in the financial services sector. We have had the privilege of working with our clients to provide consulting advice, advanced technical support and to secure their networks on a day to day basis. As such, we are delighted to provide our expertise to V3 FinTech in their bid to become a digital bank in Singapore.”
Ms Rashmy Chatterjee, CEO of ISTARI, said, “We are very happy to enter into a long-term partnership with V3 FinTech to support the growth of their digital financial services business. We will build and continue to develop the capabilities they need to provide services and products to their customers securely.”
V3 FinTech has also entered into a strategic partnership with SeedIn Technology Pte Ltd, which operates Brdge, a peer-to-peer (“P2P”) lending platform specializing in Singapore SMEs, with operations in Singapore and Indonesia. With the partnership, V3 FinTech and Brdge will collaborate to enhance the suite of liquidity solutions available to SMEs. Working closely with Brdge, V3 FinTech will also help create awareness among SME communities on innovative ways to address liquidity challenges and funding gaps.
Mr Kevin Wong, CEO of SeedIn, said, “Our guiding principle has always been to serve the local community. As a fellow SME, we felt that there is no better way to serve the underserved local SMEs than through financially bridging the gap to enable them the access to much-required funds to propel them forward. The strategic partnership with V3 FinTech will allow us to jointly build a stronger SME community, and to enhance the solutions available for SMEs.”
V3 FinTech is also exploring avenues to elevate the financial well-being of individuals. It has partnered AutoWealth Pte Ltd (“AutoWealth”), a Singapore-based regional robo-advisor that automates and simplifies investing for individuals. Together, V3 FinTech and AutoWealth will collaborate to introduce tools for needs analysis, cash management, investing and savings, to a wider community including employees of SMEs. The partnership will also drive awareness among SME employers on how the financial well-being of their workforce can be enhanced through smarter savings and pension plans, which will also support talent attraction and retention.
Mr Ow Tai Zhi, Co-founder and CEO of AutoWealth, said, “AutoWealth is one of the leading robo-advisory platforms in Southeast Asia. Delivering innovative financial offerings for more than 3 years now, AutoWealth has turned profitable & sustainable since 1H 2020. Our robo-advisory platform is well received by consumers and several Fortune 500 companies. This partnership is a marriage of AutoWealth's market success and V3 Fintech's extensive resources and product line-up. Together, we are confident that more consumers and SMEs will be encouraged to adopt innovative Fintech solutions that reimagine the way we plan and live financially."
In 2019, V3 established V3 Fintech to create value in the digital financial services sector. The unit subsequently appointed veteran financial sector leader Mr Gan Chee Yen as Senior Advisor. Mr Gan is the former CEO of Fullerton Financial Holdings, which invests in and operates financial institutions in emerging markets, and former co-Chief Investment Officer at Singapore state investor Temasek.
