Thomson Reuters Continues Expansion of Global Labs Network

Singapore Data and Innovation Lab will Serve Customers Across Asia Pacific

SINGAPORE, 21 February 2017 – Thomson Reuters today announced the official opening of Thomson Reuters Labs – Singapore. The Lab will collaborate with the government, customers, tech startups and universities to build partnerships and create innovative products and solutions for professional markets throughout the Asia Pacific region. The Singapore Lab is the first branch in Asia to open as part of Thomson Reuters Labs growing global network, joining locations in Boston, Cape Town, London, Waterloo (Canada) and Zürich.


Located in Singapore’s central business district at One Raffles Quay, the Lab opening was officiated by Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority Singapore (MAS) and will support Thomson Reuters financial & risk, tax & accounting and legal businesses across Asia Pacific.


Thomson Reuters Labs enable lean experimentation with advanced data analytics and machine intelligence to solve global challenges for customers. Specifically, the Labs provide capabilities across the many disciplines that constitute data science, delivering data exploration tools, dashboards, visualizations and proof-of-concept applications.


Mona Vernon, Vice President, Thomson Reuters Labs, commented, “Located in global innovation ecosystems, we engage with our clients, entrepreneurs and academics to invent and test emerging technologies that will define the future of knowledge work. Building a Lab in Singapore was a critical next step due to the government’s commitment to the innovation economy.”

Sanjeev Chatrath, Managing Director, Financial & Risk, Asia Pacific at Thomson Reuters, added, “Singapore is one of the world’s most innovative cities thanks to its focus on collaboration between corporations, government, financial institutions, regulators, and academia. With our established footprint across Asia and a strong presence in Singapore, the new Lab will serve as a hub for growing our innovation efforts and fostering co-innovation with our customers and partners within the region. Thomson Reuters remains focused on helping our customers in Asia navigate current global uncertainties and an increasingly complex business world through agile prototyping, leveraging our market leading assets, and deep, proven content.”


Kiren Kumar, Assistant Managing Director, Infocomms and Media, Singapore Economic Development Board, said, “We welcome Thomson Reuters into our fast-growing digital innovation ecosystem, and are glad that the Singapore Data and Innovation Lab is collaborating with various partners to create new products for the region and beyond. We are also pleased that the Lab presents exciting career opportunities in data science, software development and user experience design.”

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IAG looks to Singapore to drive InsurTech innovation

IAG has announced it will launch an InsurTech innovation hub in Singapore, in a move that will connect the insurer to Singapore’s global innovation network and vibrant entrepreneurial community.

The hub will be called Firemark Labs, and acts as an incubator for IAG to work with top talent, start-up, research and technology partners to co-create new products and services that will improve customer experience across Australia, New Zealand and Asia.

The opening of the new hub is supported by Singapore’s central bank, the Monetary Authority of Singapore (MAS), as part of its broader efforts to promote a culture of innovation in the financial sector. The partnership with MAS will help IAG create new roles in Singapore and establish the insurer as part of its world-class innovation community.

“Singapore is recognised as having one of the most developed FinTech landscapes with a growing InsurTech scene. We are the first Australian insurer to launch a space dedicated to InsurTech in Singapore and will join a network of global innovators with hubs set up in the technology hotspot,” Julie Batch, Chief Customer Officer for IAG said.

“We know customer lifestyles are changing rapidly — everything from how we purchase products to how we get around is becoming faster, simpler and more digital. Launching Firemark Labs in Singapore will allow us to lead the development of talent, tools and networks that will help us quickly respond to changing trends and create new customer solutions.

“Our partnership with MAS will help position us as part of Singapore’s thriving technology community. We are excited to be able to play a part in shaping the future of InsurTech innovation in Singapore and beyond,” Ms Batch said.

“As the first Australian insurer-backed lab, IAG’s Firemark Labs will add to the diversity of our vibrant FinTech ecosystem,” Sopnendu Mohanty, Chief FinTech Officer for MAS said.

“IAG’s initiative presents an exciting platform for both the insurance and innovation community to come together and co-create innovative InsurTech solutions across retail and reinsurance applications for the region, and will further bolster Singapore’s development as the global insurance hub.”

Firemark Labs is part of IAG’s wider business strategy to create great customer experiences through data, innovation and digital technologies. It will be supported by IAG’s $75 million venture fund which was set-up in December last year to invest in, and partner with start-ups and emerging growth businesses.

“The real opportunity here is in combining our experience and knowledge as Australia’s largest general insurer, with the fresh thinking of new partners in Singapore who can help us to build a safer future for our customers,” James Orchard, Executive General Manager Innovation for IAG said.

“We understand that we can’t innovate alone, so we are looking forward to working with entrepreneurs, technologists, researchers and problem solvers based in Singapore who will bring a global perspective and new ways of working to our business.”

The use of the term ‘Firemark’ refers to a fire-proof metal plaque used in the 18th century to show that a building was insured. It signals a time that insurers were shaping the future of the modern industry, and represents IAG’s long history of building stronger and safer communities.

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The Future of Technology to be Discussed at EmTech Asia 2017

13 February 2017, SINGAPORE – The hottest topics in emerging technology will be discussed at EmTech Asia 2017, including Computing and Cybersecurity, Robotics and Artificial Intelligence, Virtual and Augmented Reality, Agile Manufacturing and New Materials, Bio-Engineering, Urban Sustainability and Space 4.0. EmTech Asia attracts some of the world’s most visionary leaders and innovators to lead the discussion about what is set to change the way we live, work and interact with each other. This year, EmTech Asia is partnering two new events in the lead up to the conference; MIT Hacking Medicine and MIT Solve Strategy Workshop. The fourth edition of EmTech Asia will be held 14 – 15 February 2017 at the Sands Convention and Exhibition Centre, Marina Bay Sands, Singapore.


“The constant exploration of technology will drive Smart Nation, transforming the way we live, work and play. IMDA is glad to support EmTech Asia in advancing collaboration across the innovation ecosystem, bringing researchers, engineers and businesses together to tackle pressing challenges facing all of us,” said Mr Tan Kiat How, Chief Executive of Infocomm Media Development Authority (IMDA). IMDA is the Host Partner for EmTech Asia 2017.


Organised by Koelnmesse Pte Ltd and MIT Technology Review, EmTech Asia 2017 is expected to draw over 700 participants from more than 20 countries. More than 40 visionary speakers will come together to participate including:


Space 4.0

  • Dava Newman, Apollo Program Professor Chair, Massachusetts Institute of Technology (MIT) & Former Deputy Administrator, NASA
  • David Oh, Project Systems Engineer & Former Lead Flight Director, Curiosity Mars Rover, NASA Jet Propulsion Lab
  • Matt Bold, Principle Researcher, Advanced Technology Center, Lockheed Martin Space Systems Company
  • Kay Soon Low, Professor/Director of Satellite Technology and Research (STAR) Centre, National University of Singapore
  • Daniel E. Hastings, CEO, Singapore MIT Alliance for Research and Technology (SMART), Former Chief Scientist, US Air Force
  • Rohit Jha, Engineer and CEO, Transcelestial

Computing and Cybersecurity

  • Walter O’Brien, Executive Producer, Scorpion (CBS-TV series)
  • Thomas Sohmers, Chief Executive Officer, REX Computing
  • Marek Michalewicz, Interdisciplinary Centre for Mathematical and Computational Modelling, University of Warsaw
  • Alexander Ling, Principal Investigator, Quantum Optics, National University of Singapore
  • Douglas J. Gardner, CTO, Secure Technology Group, Analog Devices

Robotics and Artificial Intelligence

  • Marc Hamilton, Vice President of Solutions Architecture and Engineering, NVIDIA
  • Samay Kohli, CEO and Cofounder, GreyOrange

Agile Manufacturing and New Materials

  • Julia R. Greer, Professor, Materials Science and Mechanics, California Institute of Technology
  • Omkaram (Om) Nalamasu, Applied Materials, Inc. and Applied Ventures, LLC
  • Jackie Ying, Executive Director, Institute of Bioengineering and Nanotechnology, A*STAR

Virtual and Augmented Reality

  • Adrian David Cheok, Director, Imagineering Institute Chair, City University of London
  • Anders Ynnerman, Director, Norrköping Visualization Center

Brave New (Bio-Engineered) World

  • David Lane, Chief Scientist, Agency for Science, Technology and Research (A*STAR)
  • Daniela Rhodes, Professor, School of Biological Sciences, Nanyang Technological University
  • Le Cong, Postdoctoral Fellow. Broad Institute of MIT and Harvard

Entrepreneurs and Visionaries

  • Jenny Lee, Managing Partner, Shanghai, GGV Capital
  • Vinnie Lauria, Funding Partner, Golden Gate Ventures
  • Sean O’Sullivan, Managing Director, SOSV
  • Paul Daugherty, Chief Technology & Innovation Officer, Accenture
  • Mike North, Host, Prototype This!, Discovery Channel
  • Steve Leonard, Founding CEO, SGInnovate
  • Elizabeth Bramson-Boudreau, Chief Operating Officer, MIT Technology Review
  • Antoinette Matthews, Vice President of Licensing and Communities, MIT Technology Review
  • Alex Amouyel, Executive Director, Solve
  • Khoong Hock Yun, Assistant Chief Executive (Development), Infocomm Media Development Authority (IMDA)

EmTech Asia 2017 also features the MIT Technology Review’s ‘Innovators under 35’, which recognises Asia’s most outstanding innovators under the age of 35. The 10 honourees selected for 2017, come from Singapore, Malaysia and Australia and will each present a three-minute elevator pitch at EmTech Asia about their innovations, which typically attracts investment in their work.


The 10 innovators under 35 are:

  1. Zhi Wei Seh, Research Scientist, Institute of Materials Research and Engineering, Agency for Science, Technology and Research (A*STAR)
  2. Angela Wu, Assistant Professor, Hong Kong University of Science and Technology (HKUST) & Founding Member, Agenovir Corporation
  3. Dhesi Raja, Cofounder and Chief Scientist, Artificial Intelligence in Medical Epidemiology (AIME)
  4. Simon Gross, ARC DECRA Research Fellow, Department of Physics and Astronomy, Macquarie University
  5. Yong Lin Kong, Postdoctoral Associate, Massachusetts Institute of Technology (MIT)
  6. Gang Wang, Associate Professor of Electrical and Electronic Engineering, Nanyang Technological University (NTU)
  7. John Ho, Assistant Professor, Department of Electrical and Computer Engineering, National University of Singapore (NUS)
  8. Prateek Saxena, Dean’s Chair Assistant Professor, School of Computing, National University of Singapore (NUS)
  9. Sumeet Walia, Lecturer, Royal Melbourne Institute of Technology (RMIT)
  10. Dawn Tan, Assistant Professor, Engineering Product Development, Singapore University of Technology and Design (SUTD)

New events leading up to EmTech Asia

Hosted by SGInnovate, the MIT Hacking Medicine hackathon took place from 10 – 12 February 2017. The event aims to stimulate the merge of cutting-edge robotics with healthcare. At the hackathon, teams created social robotic platforms capable of perception and engagement that could impact a wide range of patients, including autistic and Alzheimer patients, and the elderly. Teams worked on platforms including Google, and 5 Segway Social Robots with full Software Developer Kits (SDK). The winning teams will present their solutions at EmTech Asia during a special panel discussion.


The MIT Solve Strategy Workshop will be held on the 13th of February 2017 and will focus on solving the most pressing challenges within the education arena. Solve is open to innovators and thought leaders from Southeast Asia’s technology and education sectors. At EmTech Asia, they are set to brainstorm and discuss the topic: In a world where Google knows everything and machines think, which new competencies and knowledge should students and adults learn?


Key sponsors and partners of EmTech Asia 2017 include: Host Partner, Infocomm Media Development Authority (IMDA); Diamond Sponsor, Accenture; Disruptive Innovation Partner, SGInnovate; Innovation Partner, Singapore-MIT Alliance for Research and Technology (SMART) and Cybersecurity Partner, Analog Devices. Sponsors and partners include L’Oréal Research and Innovation, SAP, MIT Professional Education and Workforce Singapore (WSG). Singapore University of Technology and Design (SUTD) and The Institution of Engineers are the Technology Showcase Partners.

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Marvelstone Group kickstarts Marvelstone Innovation Lab to target opportunity gaps in the region

To innovate is to “make changes in something established, especially by introducing new methods,
ideas, or products”. Marvelstone Group looks to make a direct impact on the financial services
landscape with its latest venture – Marvelstone Innovation Lab.

Marvelstone Innovation Lab will adopt a systematic approach to identify potential gaps in the
market and address these gaps with the use of technology. Technology can not only reduce costs
for investors, but also provide them with a wider choice of financial products and services.
A key area of focus will be on pension investments, and Marvelstone Innovation Lab plans to
launch an Exchange Traded Fund (ETF) on the Singapore Stock Exchange (SGX) focusing on long
term growth and stable returns. This will provide an attractive alternative pension investment
product for local investors.

ETFs has been growing in prominence globally, albeit slower take up in Asia especially in
Singapore. To dive deeper, Marvelstone Innovation Lab will be hosting a strategic one-day forum
on the 16 th March to stimulate discussions amongst industry players on driving the ETF market in
Asia. This ETF Forum will be held at Fintech hub LATTICE80 in Singapore.

Arisa Siong, an economist with over a decade worth of consulting experience, will head
Marvelstone Innovation Lab. Arisa, who joined Marvelstone to affect change notes, says “I have
the privilege of a fresh perspective, unencumbered by industry norms, which allows me to look at
the industry objectively. Marvelstone Innovation Lab will adopt a fundamentals-based approach,
analyse how we can do better through research and active engagement with industry players and
regulators, ultimately coming up with products and solutions that benefits consumers and

Announcing this new venture, Gina Heng, Co-founder and CEO of Marvelstone Group, also adds,
“Singapore has the potential to be an innovation hub and a technological leader in the financial
services sector. We hope for Marvelstone Innovation Labs to leverage on technology to create
new value and drive growth, in doing so, support the city-state’s vision to become a Smart
Financial Centre.”

More information on the ETF Asia Forum on the 16th March at

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Asian Private Banker Recognises Morningstar as Best Market Intel Provider

SINGAPORE, 8 February 2017 — Asian Private Banker, a pan-Asian private bank-focused media outlet, has named Morningstar the winner in the “Best Market Intel Provider” category in its annual Technology Awards. Morningstar received the award for its extensive database and independent research capabilities.




The Asian Private Banker Technology Awards recognise innovative and practical vendors whose solutions are transforming the region’s private banking and wealth management industry. This year, Asian Private Banker considered more than 100 submissions across 16 categories from over 50 financial technology firms with private banking technology offerings in Asia. More information about the awards program is available at

“We are honoured to have won this award from the Asian Private Banker. We have always believed in the power of technology to help investors as they make decisions, either on their own or with the assistance of advisors and institutions,” Nick Cheung, Morningstar’s CEO in Asia, said. “This award recognised the depth, breadth, and quality of Morningstar’s global database, including a vast number of asset classes and real-time global market data. Our offerings allow clients the flexibility to personalise Morningstar’s ready-made tools or create custom solutions to seamlessly integrate into private banks’ existing technological infrastructure, which is valued through this recognition.”

Priyanka Boghani, Chairperson of the Judging Panel and Senior Reporter, Asian Private Banker, said, “Asia’s private banks depend on quality intelligence, and Morningstar has set itself apart from the competition with its extensive database of equity and fund data and independent research capabilities. We recognise Morningstar as the go-to provider of real-time pricing, corporate actions data, and historical data analysis in 2016.”


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Top 11 FinTech Startups in India

In a country where cash has usually been the go to medium for both small and large transactions, the growing number of FinTech companies in India are gradually introducing the country to a digital world of financial services.

Though cryptocurrencies are currently seeing a rise globally, it is still the more traditional services like lending and access to banking through technology that is the highlight of the Indian market. And it all seems to be working from the statistics available. The unbanked population in India in 2011 was about 557 million. In a span of barely 4 years, by 2015, this number had come down to 233 million – which is a sharp drop of almost half – as per a report made available via the Internet and Mobile Association of India (IAMAI) and Payments Council of India (PCI). The Indian government launched the Pradhan Mantri Jan Dhan Yojana in 2014 to ensure every household in India has a bank account, and that’s the year in which about 182 million bank accounts were opened. That’s the average citizen’s side of things.

When a market the size of India with about 1.3 billion citizens transacts mostly using cash, a record of about 68% of all transactions in the nation just does not exist. This leads to a situation where those doing business in cash can easily evade sales and income tax. Which in return puts a strain on the government’s ability to spend on infrastructure, healthcare, education, etc. of what is now the world’s fastest growing economy.

To curb such common practice to a certain extent, the Government of India on 08th November, 2016 announced the immediate withdrawal of the high-denomination Rs 500 and Rs 1000 notes from circulation in the nation. The announcement which was unscheduled put the Reserve Bank of India (RBI) and the entire banking system in a frenzy. As of 31st March 2016, the RBI annual report had stated that there were currency notes valued at 16.42 trillion rupees (USD 240 billion) in circulation – 86% of which, valued at 14.18 trillion rupees (USD 210 billion), were the Rs 500 and Rs 1000 notes.

Queues outside banks were a common sight during demonetisation – to deposit old notes and withdraw a restricted amount of INR 2000
Source: Wikimedia

While India is still springing back from the shortage of currency notes, the adoption of plastic money in the general and recently banked population went up. At the same time several mobile wallet startups, who rely on their accounts being funded through a bank account transfer, saw an opportunity to drive adoption of P2P transfers via mobile phones. This worked especially in scenarios where smaller merchants did not have access to POS machines as they had always done business with cash. In a country with 1 billion mobile subscribers (as of 2016), where adoption of such wallets was still a challenge in the physical world, the government’s push for a Digital India did the trick.

With access to bank accounts, digital services such as e-commerce, and increasingly improving internet connectivity the average Indian citizen is not just banking online. Financial services such as payment gateways that facilitate e-commerce, P2P loans, lending for SMEs, low-cost POS machines, selling insurance online are all seeing definite growth.

Here are 11 FinTech startups in India to know about:

1. PayTM

PayTM started off as a mobile recharge and utility bill payments. Funding from various large investors as Ant Financial, Alibaba Group the company has quickly evolved by providing varied services. These range from a mobile wallet, a dedicated e-commerce arm, to an RBI approved Payments Bank.




Total funding: $760 million
Key Investors: Ant Financial, Alibaba Group, Mountain Capital, HDFC Bank, ICICI Bank, SAIF Partners, Saama Capital, Silicon Valley Bank, Reliance Capital, MediaTek
Founder: Vijay Shekhar Sharma
Founded year: 2010


2. FreeCharge

FreeCharge, known for its quirky and fresh interface, too started off in the mobile recharge and bill payments space. The acquisition of the company by Snapdeal, a major e-commerce player in India, in Apr 2015 allowed FreeCharge to build its presence in the digital payments space as well. Post the acquisition, in September 2015, the company launched a digital wallet to facilitate transactions across the FreeCharge and Snapdeal platforms.





Total funding: $117 million
Key Investors: Sequoia Capital, Sofina, ruNet, Tandon Group, Tybourne Capital Management, InnoVen Capital
Founders: Kunal Shah, Sandeep Tandon
Founded year: 2010


3. Razorpay

This digital payments startup in India founded by two young graduates out of Indian Institute of Technology, Roorkee seems to be getting the right kind of attention for its agility. Chosen as one of NASSCOM’s ‘League of 10’ companies, raising investment at YCombinator’s Winter 2015 demo day, and getting a strategic investment from MasterCard as part of their ‘Start Path’ programme (the only one by the card scheme in an Indian FinTech company) all put together brought Razorpay in the limelight.




Total funding: $11.6 million
Key Investors: Tiger Global, MasterCard, YCombinator, Matrix Partners India, Kunal Bahl (Founder, SnapDeal), Kunal Shah (Founder, Freecharge), GMO VenturePartners
Founders: Shashank Kumar, Harshil Mathur
Founded year: 2013


4. BankBazaar

BankBazaar brings access to comparing and applying for credit-based services from banks to its customers. This includes loans and credit cards. In 2015, an arm of BankBazaar called BankBazaar Insurance also brought the facility to buy insurance online through the website. The online portal claims to have about 8 million customers.





Total funding: $80 million
Key Investors: Amazon, Sequoia Capital, Walden International, Eight Roads Ventures
Founders: Adhil Shetty, Arjun Shetty, Rati Shetty
Founded year: 2008


5. LendingKart

LendingKart is an online enabler of access to collateral free working capital loans for small-and-medium-enterprises (SMEs) in India. The company refers to the applicant’s cash flow, credit history and customer experiences to evaluate the business. Funds offered range from INR 50 thousand to INR 1 crore (100 million rupees) with tenure of 1 month to 1 year. For a country of vast geographic and social scale, the service has gained quite some popularity while being based out of Ahmedabad in the state of Gujarat.



Total funding: $42 million
Key Investors: IFMR Trust, Saama Capital, Mayfield, Bertelsmann, India Quotient, Bertelsmann India Investments
Founders: Harshvardhan Lunia, Mukul Sachan
Founded year: 2014


6. PolicyBazaar

Centred around customer service, transparency and clarity of the terms of various insurance options, PolicyBazaar is one of the largest online insurance brokers in India. Various kinds of insurance are categorised based on varying customer needs. The company has been getting consistent investments and aims to turn into a profitable one in 2017.




Total funding: $83 million
Key Investors: Info Edge India, Inventus Capital Partners, Intel Capital, Tiger Global Management, Ribbit Capital, ABG Capital, Steadview Capital, Premji Invest
Founders: Yashish Dahiya, Alok Bansal, Avaneesh Nirjar
Founded year: 2008


7. InCred

Founded by former Deutsche Bank executive, Bhupinder Singh, InCred provides SMEs, consumer/personal, home and education loans in the Indian market. Backed by another financial executive Anshu Jain, former Deutsche Bank co-CEO, among others gives InCred the hardcore mindset to deliver financial services at scale.




Total funding: $74 million
Key Investors: IDFC, Alpha Capital
Founder: Bhupinder Singh
Founded year: 2016


8. MobiKwik

MobiKwik is another mobile wallet player in India which has recently benefited from the demonetisation in India. Mostly similar in its offering to customers like other competitors, the company has frequently tried various strategies like ‘cash-pick-up at home to load e-wallet’ aimed at the Indian customers habits.




Total funding: $127 million
Key Investors: American Express, Sequoia Capital, GMO, MediaTek, NET1, Cisco Investments, Tree Line Investment Management, InnoVen Capital
Founders: Upasana Taku, Bipin Preet Singh
Founded year: 2009


9. FINO PayTech

FINO PayTech is an institutional investor driven company which provides low-cost payment technology. Solutions include biometric-enabled Kiosk Banking for rural market, handheld device based banking transactions with biometric authentication, Financial Inclusion Gateway for effective business correspondent management. The company also works directly in micro-lending and micro-insurance through their Non-Banking Financial Company (NBFC) Intrepid Finance & Leasing.




Total funding: $110.5 million
Key Investors: ICICI Bank, IFMR Trust, HSBC Group, Life Insurance Corporation of India, IFC, Blackstone, ICICI Prudential Life Insurance, Intel Capital, Corporation Bank, Legatum, ICICI Lombard, Bharat Petroleum, Union Bank Of India, Indian Bank, Headlands Capital
Founders: Rishi Gupta, Rajeev Arora
Founded year: 2006


10. Pine Labs

Pine Labs provides retail point-of-sale (POS) machines to offline merchants to facilitate payments acceptance. With an estimated network of about 50000 merchants, the company is now led by CEO Lokvir Kapoor. In 2016, the company appointed former Vodafone CEO Arun Sarin and Visa Global Head of Commercial Business Vicky Bindra as members of its board.




Total funding: $20 million
Key Investors: Sequoia Capital, New Atlantic Ventures
Founder: Rajul Garg
Founded year: 1998


11. Faircent

Faircent is a P2P lending platform that connects borrowers and lenders to interact directly. Lenders can individually make offers to borrowers, which the borrower can accept or refuse. Offers are defined in terms of amount to be lent and the applicable interest rate. Both lenders and borrowers can interact and make transactions with multiple people. Faircent claims to eliminate the high margins which banks and financial institutions make on transactions, and pass it on to the customer as a saving on the services availed.





Total funding: $8.25 million
Key Investors: Aarin Capital, Brand Capital, JM Financial, M and S Capital Partners
Founders: Nitin Gupta, Rajat Gandhi, Vinay Mathews
Founded year: 2013

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Top 63 FinTech Influencers You Need To Know in Asia

As one of the fastest growing industries in the world, the FinTech industry has been the go-to industry for many of the top talents around the world. Since gaining popularity, the FinTech industry has attracted traditional powerhouses, disruptive upstarts and plenty of investors. We looked into the FinTech talents to come up with a list of top FinTech influencers that all FinTech hustlers, investors and incumbents need to know about.

We ranked the top FinTech influencers based on their Klout score, i.e. their social media influence. Klout score is an indicator of influence and presence that is calculated using social media data from LinkedIn, Twitter, Facebook and many other online sources. Similar to how Google’s search engine ranks the relevance of every web page, Klout ranks the influence of every person online.

So here are the Top 63 FinTech influencers you need to know in Asia.

Top 63 FinTech Influencers You Need To Know in Asia (Last Update : 28 Jan 17)

1. Vijay Shekhar Sharma
Vijay Shekhar Sharma is the Founder of Paytm Mobile Solutions Private Limited and serves as its Chief Executive Officer. Vijay is known as the man who broke the conventional concepts of cashflow with his founding of Paytm Mobile Solutions.

Twitter Followers: 94,500

Klout Score: 78

2. Paul Ark
Paul Ark is an active startup mentor and angel investor, having made investments in early stage companies in the United States, China, and Thailand. He currently manages the FinTech venture capital fund for Siam Commercial Bank’s Digital Ventures group.

Twitter Followers: 501

Klout Score: 70

3. Lim Jung Wook
Lim Jung Wook is the managing director of Startup Alliance, a non-profit organisation founded in 2013 to foster South Korea’s startup scene, connecting entrepreneurs, startups, tech companies, and the government.

Twitter Followers: 342,000

Klout Score: 67

4. Joe SeungHyun Cho
Joe Seunghyun Cho is the CEO of LATTICE80 and Co-founder/Chairman of Marvelstone Group.

Twitter Followers: 3,159

Klout Score: 64

5. The New Savvy
THENEWSAVVY.COM is Asia’s leading financial & career platform for women (founded by Anna Vanessa Haotanto). The New Savvy help to empower women by demystifying finance through meaningful content.

Twitter Followers: 2,233

Klout Score: 64

6. Prakash Somosundram
Prakash Somosundram is a serial Entrepreneur. Prakash is currently the Co-Founder & Director at The Singapore FinTech Consortium. He wants to shape The Singapore FinTech Consortium into a platform to facilitate Fund Raising, Mergers & Acquisitions, Partnerships and Exits in an effective manner.

Twitter Followers: 282

Klout Score: 63

7. Anson Zeall
Anson Zeall is a Co-founder and CEO of CoinPip.

Twitter Followers: 2,290

Klout Score: 63

8. Neal Cross
Neal Cross is the Managing Director and Chief Innovation Officer of DBS Bank and a strong advocate for innovation thinking and culture. He has been recognized as the most disruptive Chief Innovation Officer (CIO)/ Chief Technology Officer (CTO) globally by panel which consists of prominent business innovators including Apple co-Founder Steve Wozniak and Virgin Group Founder, Sir Richard Branson.

Twitter Followers: 2,354

Klout Score: 62

9. Aman Narain
Aman Narain is the CEO of BankBazaar International, India’s leading Financial Marketplace. Aman is looking to bring BankBazaar into Asia. Aman was the former Global Head of Digital Banking for Standard Chartered where he had responsibility for all direct to consumer channels, including Online, Mobile & ATM’s. He also managed all internal digital channels and social media.

Twitter Followers: 1,389

Klout Score: 61

10. Amit Goel
Amit is the Co-Founder & Chief Curator of Let’s Talk Payments. His strength lies in strategy and market analysis and has advised several amazing companies in the payments, commerce and technology space.

Twitter Followers: 10,600

Klout Score: 61

11. Slava Solodkiy
Vladislav (Slava) Solodkiy founded Life.SREDA VC, a fintech-only fund 3 years ago. Slava is also an evangelist of Singapore as international fintech hub. He was recently highlighted by Institutional Investor, UK magazine, as one of TOP35 most influential fintech-persons in the world.

Twitter Followers: 1,621

Klout Score: 60

12. Matt Dooley
Matt Dooley is a thought leader, speaker and trainer on financial services marketing, digital customer experience and innovation. He is currently a mentor and advisor at Startupbootcamp, specializing in strategic Consulting, including business proposition, business plan & sales strategy development, financial services trends and landscape.

Twitter Followers: 14,000

Klout Score: 60

13. Suvodeep Das
Suvodeep Das is currently the VP Marketing at Sodexo SVC India where he runs marketing, & communication, launch new products & anchor the brand’s Digital transformation. Before his stint at Sodexo, he led Greenlight Planet’s marketing, communication, channel expansion and global innovation.

Twitter Followers: 7,173

Klout Score: 59

14. Faisal Khan
Faisal Khan is a Pakistan-based consultant and blogger specializing in banking, payments and fintech. He covers cutting-edged technologies and explains how specific innovations work. From time to time, he also conducts market analysis, product reviews and report summaries.

Twitter Followers: 8,208

Klout Score: 59

15. Fintech Singapore
Fintech Singapore ( curates Fintech News from Singapore and Southeast Asia for a wide range of readers from investors to startup founders.

Twitter Followers: 5,171

Klout Score: 58

16. Adrianna Tan
Adrianna Tan founded Wobe in 2014, an innovative take on financial services for the low income segment of Southeast Asia. Previously, Adrianna works on the intersection of tech, content and social. From founding and growing tech startups in Southeast Asia to starting and running non-profits in India, she believes strongly that technology and social good can and should go together.

Twitter Followers: 31,100

Klout Score: 57

17. Varun Mittal
Fintech APAC at EY. Previously, Varun served as a Regional Head – Operations & Merchant Product at HelloPay

Twitter Followers: 860

Klout Score: 57

18. Singapore Fintech Consortium
Singapore FinTech Consortium (founded by Gerben Visser) is a FinTech Incubator, co-incubating in partnership insightful, sustainable fintech initiatives.

Twitter Followers: 3,914

Klout Score: 56

19. Scott Bales
Scott Bales is the founder of Metlife’s Innovation Centre. He now runs Innovation Labs Asia in Singapore. He’s also a founding member of Next Bank and the vice president of The Mobile Alliance Singapore.

Twitter Followers: 66,338

Klout Score: 56

20. Wynthia Goh
As the Chief Digital Officer in Asia, Wyn has responsibility for the Aviva digital agenda in the region. She oversees initiatives to improve the digital customer experience, drive digital innovation in the business and build digital capabilities in markets. She is a digital native who had held regional and global roles in product management, business development, venture investment, digital strategy and marketing. She had led regional digital teams for Nokia, eBay, Avaya and SAP.

Twitter Followers: 1,025

Klout Score: 56

21. Brad Jones
Brad Jones is the Chief Executive Officer of Wave Money, an experienced executive specializing in digital finance, mobile money and business transformation in developing markets, including Asia, Africa and the Middle East.

Twitter Followers: 2,864

Klout Score: 55

22. Stefano Covolan
Stefano Covolan was the Ex-CEO of Yourp. Stefano is currently working on the Dragon Wealth fintech startup to create the Dragon Wealth app, Upefy platform for Financial Advisors, and Red Dot Financial website. Stefano’s passion lies in bridging the gap between financial advisors and prospects/clients in Singapore and Vietnam

Twitter Followers: 5,199

Klout Score: 54

23. David Moskowitz – SG
David Moskowitz founded Coin Republic to help educate the public about Bitcoin and create a platform to help them buy and sell Bitcoin easily.

Twitter Followers: 410

Klout Score: 54

24. James Lloyd
James Lloyd is a part of the EY Asia-Pacific Financial Services Organization (FSO), a fully dedicated and integrated entity with a unique approach focused exclusively on servicing the needs of EY’s clients in the financial services industry.

Twitter Followers: 1,562

Klout Score: 54

25. George Kesselman
George Kesselman, co-founder of InsurTechAsia, is a passionate individual who wants to bring change to the under-digitalized insurance industry. He wants to reshape it to fulfill purpose of doing good for people.

Twitter Followers: 1,562

Klout Score: 54

26. Antony Lewis
Antony Lewis is the Director of the R3’s Lab & Research Centre in Singapore. R3 is an innovation firm focused on building and empowering the next generation of global financial services technology.

Twitter Followers: 1,148

Klout Score: 52

27. Rob Findlay
Founder of Next Money. Findlay has served as a mentor for startups in the IBM Watson New Venture Challenge and Startupbootcamp FinTech in Singapore. He currently holds a consulting role on developing and leading a customer experience design practice at DBS as a senior vice president.

Twitter Followers: 5,020

Klout Score: 52

28. Chris Doerfler
Chris Doerfler has been actively involved in the Fintech industry as a cybersecurity, Blockchain and Fintech advisor. He has previously run the cybersecurity, compliance & expansion initiatives for the fintech /global payments arm of Tadley Asia. He is now the co-founder of to redefine Fintech business use-case solution design & advisory.

Twitter Followers: 2,226

Klout Score: 52

29. Shwetank Verma
Shwetank Verma is a start-up specialist. His focus is on bringing new concepts to market and setting them up to scale by combining the concepts of design thinking and lean entrepreneurship. He is currently an innovator at MetLife, in charge of driving forward new revenue opportunities and broadly focused on being an intrapreneur within the larger organization, with a focus on application of new technologies (VR/AI) in fintech and digital health.

Twitter Followers: 2,226

Klout Score: 52

30. Jessica Ellerm
Jessica Ellerm is the Banking Business Development Manager for Tyro Payments, Australia’s most successful fintech start-up. She has been with Tyro in a business development capacity since 2009 and now heads up the banking team. She works closely with the internal product and existing sales team to integrate the new deposit and lending solutions into the sales cycle, as well as develop cornerstone accounting integration relationships with cloud accounting providers. Alongside Tyro, Jessica is an active Australian and global fintech commentator, writing for her own blog and a number of global publications including Daily Fintech and BankNXT. She is the Australian correspondent for Brett King’s Breaking Banks radio show on Voice America.

Twitter Followers: 1,839

Klout Score: 52

31. Augustus Loi
Augustus Loi is a venture capitalist at Infocomm Investments Pte Ltd, a venture capital arm of Singapore Infocomm Development Authority. He looks at technology start-ups that are: suitable for direct investment (seed stage to pre-IPO) and suitable for support given national strategic and/or Smart Nation relevance.

Twitter Followers: 9,748

Klout Score: 51

32. Simone McCallum
Simone McCallum is currently working for NZ’s ASB Bank and is responsible for the award winning Virtual Branch on Facebook and social media teams. She has over 10 years experience in the financial services industry, and passionate about all things digital and social.

Twitter Followers: 9,748

Klout Score: 51

33. Steve Leonard
Steve Leonard is the founding CEO of SGInnovate in Singapore and vice-chair of SG Govtech agency.

Twitter Followers: 2,492

Klout Score: 50

34. Daniel Liebau
Dan Liebau is the founder of Lightbulb Capital and has a passion for Innovation, Finance and Technology. Before starting Lightbulb Capital Dan was COO and on the board of HSBC Securities

Twitter Followers: 499

Klout Score: 50

35. Singapore FinTech Festival
Singapore FinTech Festival aims to bring together the global financial community in a week-long celebration of FinTech. The Singapore FinTech Festival is organized by the Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore (ABS) and is the largest Fintech event in the world.

Twitter Followers: 1,193

Klout Score: 49

36. Henri Arslanian
Henri Arslanian is an Adjunct Associate Professor at Hong Kong University where he teaches graduate courses on Entrepreneurship in Finance as well as the first FinTech university course in Asia. He previously spent many years with UBS Investment Bank in Hong Kong and started his career as a financial markets and funds lawyer. A member of the Milken Institute’s Young Leaders Circle and with over 70,000 LinkedIn followers, Henri is a regular speaker on the topic of FinTech to various audiences, ranging from TEDx to Fortune 500 management teams. He also sits on a number of other finance, academic, civil society and FinTech related boards and advisory committees including the HKSFA FinTech Committee and the FSDC Fintech Advisory Team.

Twitter Followers: 971

Klout Score: 49

37. Balasubramaniam GD
With over 24 years of experience in Banking & Financial Services industry, Balasubramaniam currently sits as the senior vice president of DBS Risk Management Group. He is working on collaboration with Fin-tech Partners, Innovation Hubs and Model Building for Digital Verticals for payment products, loans and SME offerings.

Twitter Followers: 3,728

Klout Score: 48

38. Bert-Jan van Essen
Bert-Jan van Essen used to be the CIO of UBS before leaving UBS to start his own fintech company Dragon Wealth with Steven Covolan. Dragon Wealth has evolved into a major fintech company. It has developed Upefy, an all-in- one automated software that works like a very efficient assistant, keeping tabs on your website and clients like a hawk.

Twitter Followers: 734

Klout Score: 48

39. Tejasvi Mohanram
Tejasvi Mohanram is the founder & CEO of RupeePower. RupeePower is a leading consumer & retail credit platform in India with INR 9,000 crore (USD 1.3 bn) in credit disbursals to customers, suiting their individual need for speed, price and ease, while generating concrete business results for some of the largest Indian and global banks.


Twitter Followers: 348

Klout Score: 48

40. Gina Heng
Gina Heng is the co-founder and CEO of Marvelstone Group, Founding Partner of LATTICE80 and Founder of Miss Kaya.

Twitter Followers: 112

Klout Score: 48

41. Sopnendu Mohanty
As the new Chief Fintech Officer at MAS, Sopnendu is responsible for creating development strategies and regulatory policies around technology innovation to “better manage risks, enhance efficiency and strengthen competitiveness in the financial sector”.

Twitter Followers: 880

Klout Score: 47

42. Guillermo Musumeci
Guillermo Musumeci is the Chief Technology Officer at with 20 years of international experience. Ballr is a free gaming platform for fans to connect, compete and communicate during real-time sporting events. Apart from Ballr, Guillermo is also the founder of KopiCloud, which develops Multi-Cloud Automation Tools for Amazon AWS, Microsoft Azure and Google Cloud.

Twitter Followers: 287

Klout Score: 47

43. Mikaal Abdulla
Mikaal Abdulla is the Co-Founder & CEO of 8 Securities, Asia’s first robo-advisor and $0 commission trading service.

Twitter Followers: 839

Klout Score: 47

44. JP Ellis
J. P. Ellis, who was previously a private equity executive, co-founded the Compare88 Group, Southeast Asia’s largest financial comparison e-commerce group.

Twitter Followers: 663

Klout Score: 47

45. Matt Symons
Matt is currently engaged in several machine learning and artificial intelligence projects including Red Marker, an Australian RegTech pioneer. Red Marker has developed Artemis an automated compliance solution for regulated entities.

Twitter Followers: 428

Klout Score: 47

46. Toby Heap
Toby Heap is a Founding Partner of H2 Ventures. He has vast amount of experience founding, leading and investing in high growth startup companies.

Twitter Followers: 428

Klout Score: 47

47. Samuel Hall
(@samalhall )
Sam is the Program Director at Startupbootcamp Fintech Singapore

Twitter Followers: 606

Klout Score: 47

48. Markus Gnirck
Markus Gnirck was named the Forbes Asia 30 under 30 in 2016 in Venture Capital & Finance. He is currently the Managing Director of tryb Capital. tryb Capital invests in growth stage infrastrucuture technology and platforms transforming financial services in ASEAN

Twitter Followers: 3,241

Klout Score: 46

49. Richard Elridge
Richard Eldridge serves as Executive Officer and Director of Lenddo International. He is responsible for Lenddo operation across Asia as well as developing the long-term strategic direction across the world.

Twitter Followers: 329

Klout Score: 46

50. Roy Teo
(@royfintech )
Director, FinTech & Innovation Group at Monetary Authority of Singapore (MAS)

Twitter Followers: 1,012

Klout Score: 46

51. Paul Chapman
Paul Chapman is the Founder and CTO at Thomson Reuters cvMail (acquired 2007), and IT Director at en japan subsidiary, en world (Tokyo). In 2012, Paul co-founded Moneytree KK with Ross Sharrott and Mark Makdad.

Twitter Followers: 436

Klout Score: 45

52. Alex Campbell
Alex Campbell is the founding managing director of Xero Asia. Xero Asia aims to bring efficient accounting software to small businesses in 40+ countries across Asia.

Twitter Followers: 2,553

Klout Score: 45

53. Bambu
(@bambu_life )
A Singapore based Robo advisor (founded by Ned Phillips) that offers all companies, not just financial ones, the ability to integrate and benefit from the shift in digital wealth.

Twitter Followers: 2,553

Klout Score: 45

54. Lizzie Chapman
Lizzie Chapman is the Co-founder and Chief Executive Officer at Zest Money. She is now based out of Bengaluru and is in charge of marketing and acquisitions at ZestMoney.

Twitter Followers: 1,721

Klout Score: 43

55. Manish Agarwal
Manish Agarwal joined Kotak Mahindra Bank in 2007 as Vice President Interactive & Innovation. His role at Mahindra Bank is to provide Direction & Strategy for using the ever changing interactive channel ( Internet & Mobile ) and leverage the same for every aspect of the business and create visible differentiation in the mind of consumers.

Twitter Followers: 380

Klout Score: 43

56. Janos Barberis
Janos Barberis is a Millennial in FinTech who is recognised as a top-35 global FinTech leader. He founded FinTech HK, a thought leadership platform, and the SuperCharger – a FinTech Accelerator that strategically leverages on Hong Kong as a gateway to Asia. In parallel, he sits on the advisory board of the World Economic Forum’s FinTech Committee and is a PhD Candidate at Hong Kong University Law School. Previously, Janos was the first hire at a prospective UK challenger bank, Lintel, helping it to secure a banking license from the PRA & FCA. This role followed a specialist interest developed over 7 years, in financial systems and their stability. He also introduced the framework of developing real-time and dynamic regulatory supervision models for financial networks.

Twitter Followers: 1,035

Klout Score: 43

57. Mehedi Hasan Sumon
Mehedi Hasan Sumon is the Founder & CEO of MyCash Online, a FinTech solution provider for the un-bankable people in South & South East Asia. He is also Managing Partner of LYL Technology , a Malaysia based Technology & Digital Entertainment startup.

Twitter Followers: 1,491

Klout Score: 42

58. Dusan Stojanovic
Dusan has also contributed to a number of different organizations and entrepreneurs through donations. After his 3 exits in 2012, he donated a portion of his proceeds to save the last Tesla Lab, the Tesla Science Centre on Long Island, New York State. He is also did a smaller donation to the Tesla Statue in Palo Alto. As a distant relative to Nikola Tesla, Dusan is a strong supporter of all things Tesla. In 2015, he had one major exit and some partial exits, One was Prowebce which was sold to Edenred in May. One of the partial exits was when SharesPost sold its interest in NASDAQ Private Market to Nasdaq, Inc.

Twitter Followers: 1,491

Klout Score: 42

59. Yosh Gupta
Yosha Gupta is the Founder & CEO of LafaLafa, a leading coupon and cashback website in India rewarding customers for online shopping with extra cashback.

Twitter Followers: 1,055

Klout Score: 41

LATTICE80 (initiated by Marvelstone Group) is a not-for-profit Fintech Hub which opened in Nov 2016. It is the world’s largest Fintech Hub with over 30,000 sqft of work and shared space. LATTICE80 aims to support the emerging Fintech ecosystem in Asia creating a robust bridge to the entire region.

Twitter Followers: 418

Klout Score: 40

61. Mikko Perez
Mikko Perez has a successful track record investing in and operating innovative technology, new media and telecom-related ventures from his revious experience as an investment banker at JP Morgan Chase specializing in technology, media and telecom ventures

Twitter Followers: 96

Klout Score: 34

62. Cynthia Siantar
Cynthia Siantar is a Co-founder of Call Levels. Forbes 30 under 30.

Twitter Followers: 163

Klout Score: 32

63. Teguh B Ariwibowo
Teguh Ariwibowo is the CEO and Co-founder of Pinjam. Started bussines experience with Voila ( ) continue the journey at financial technology start up called pinjam ( ) as digital lending platform. His passion is about entrepreneurship. At 2013, just awarded as the most promising entrepreneur from Asia pacific entrepreneurship award by enterprise Asia.Twitter Followers: 1,321

Klout Score: 31

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