- Razer fintech plans to launch a digital banking platform in overseas markets

Buy Razer Gold Gift Card Malaysia’s Razer Fintech the Fintech division of Razer (a multinational financial service provider) has revealed that it plans to launch a digital banking platform in overseas markets.

The platform will provide digital wealth offerings in multi-asset solutions across theme- and goals-based portfolios regular savings plans money market funds and other products and investment vehicles.

This platform according to the creators is all set to be unique thanks to its theme-oriented and goal-oriented approach in basic financial tasks like savings and investments. One of the main goals of this service is to increase financial literacy among today’s youth. This could be achieved by providing consumers with numerous investment opportunities that will enable them to maximise returns and reap the benefits of compounding.

The Monetary Authority of Singapore (MAS) stated in June 2019 that it would offer two digital full-bank licenses and three digital wholesale bank licenses. The regulator revealed in June 2020 that 14 out of the 21 virtual bank applications had met the relevant requirements and would now proceed to the next stage of the licensing process.

California-based Franklin Templeton meanwhile has around US$1.4 trillion in assets under management as of July 31 this year. Singapore is currently the company’s global center for emerging markets investment management and its regional business hub in Asia.

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