Got Money, Got Honey!

On my newsfeed, this post from the Change blog was shared which led me to go to the Change site. While I at first thought to myself, “Ooo, what’s this cool idea?”, I recognized that I had formed actually before discovered this, and it was thought by me was rubbish. I only realized it again after I visited the webpage and thought to myself again that it was rubbish.

So what is this.. I am known by you, I really like market disrupters like Uber and Grab. Open an account in 5 minutes, okay that’s not bad. I have banking human relationships with 5 banks thought already. I don’t know an individual who doesn’t have a bank. Maybe if I read on I am going to find out why we are in need of these to be our bank or investment company? Top security. I don’t really feel like some of my banks lack security, but top security is an excellent thing, just not anything special which i don’t curently have.

  • Rookie errors to avoid
  • Affluent traders
  • China’s 2019 Work Report: Growth Target, Tax Cuts Announced
  • Nontaxable employer-provided educational assistance benefits
  • Highly independent thinkers

Convenience. Expense tracking and recommendations? This is a little of a useless overlap? Mobile pocket. With all the different -Pay applications (Apple, Samsung, Google), why do we need another one? At least with those credit cards, the value proposition is that you can get advantages from using those credit cards still. This seems like the thing they have.

However, if you look closely at their screengrabs, they just seem like a broker or feeder service into other actual investment services, such as Smartly. Why would I need someone else to invest into Smartly for me personally, when I could do it directly myself just? Okay, that one caught my attention.

If they are doing allow cryptos, that could probably be their only advantage. But, FYI, the spreads between your SGD buying price of cryptos set alongside the actual market prices in USD, after taking into account exchange rates even, it is still a freaking big gap. I highly doubt it would be practical to buy cryptos after considering the huge price gap.

Hey wait one minute. Where is the hassle-free banking experience, better returns and lower fees that was in the marketing spiel from your blog post? Conclusion: This app is only a prepaid mobile wallet, with options to “invest” with your money within the app. That is fintech in Singapore? If you want to see a real fintech company in Singapore that will make changes, keep an hearing out for TenX.

If we take into consideration furthermore that the exports are a symbol of about 30% of the German GNP, the common export part per company – producing goods which are generally ready for exports – should at least reach this number. Rather more than less, as not absolutely all ongoing companies can export at all.

Can one internationalize right away? Not Surely. However, a company can balance a cost-effective change to the worse in Germany (the local market) better if exports are prospering. This holds also true if there is a equivalent change in any other country. How should someone then proceed? A thorough answer can be found on my website, thus only a short reply here: Each and every company – as the human beings – has its ‘fingerprint which is not comparable with even the toughest competitor. As every individual has its personal strengths and weaknesses this is the same for a ongoing company. 1. Define the “fingerprint” and the primary competences. They are two various things!