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6 Key Points About iFAST (after losing bid for digital banking licence) (guest post)

6 Key Points About iFAST (after losing bid for digital banking licence) (guest post)

On Friday evening, MAS announced that it will award full digital banking licences to Internet firm Sea and the Grab-Singtel consortium, as well as DWB licences to China’s Ant Group and a consortium led by Greenland Financial. The iFast’s consortium, with China’s Yillion Group and Hande Group, fails bid for digital wholesale bank (DWB) licence and its share price is down 30% today.

Singapore to have 4 digital banks, with Grab-Singtel and Sea getting digital full bank licences, Banking News & Top Stories - The Straits Times
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This post was originally posted here. The writer, SweeSwee is a veteran community member on InvestingNote, with a username known as @Sweeswee and has 300+ followers.

 

1. To say the least, I am very disappointed that iFast did not get the WDB license.

2. While I understand that Ant was a firm favorite and they won, I don’t quite understand why only 2 WDB licenses were awarded when they had planned for up to 3. Did iFast fail to even meet the WDB requirements? I thought its unlikely since Lim CC would be experienced enough to satisfy all the requirements before bidding. Maybe MAS wants the company to already have at least S$100m in cash now? iFast’s thinking was that it could easily raise S$100m from consortium partners and the market if it wins.

Also, I scratch my head why the consortium led by Greenland could win. Greenland’s parent company is among the biggest property developers in China but it is also heavily indebted, highly geared. I believe its financial arm also does not have much track record in the finance business, especially in South East Asia.

Why give it to Greenland? Why MAS does not award to one of the biggest, best run, most promising home-grown fintech companies in Singapore?

3. To be fair to iFast, part of the reasons why its share price soared in the last few months was because its existing businesses have done very well. The business units continued to register strong growth and higher profits throughout the Covid-19 pandemic. AUA continues to rise to record levels quarter after quarter.

Indeed, it also just won licenses to operate its platform for stocks trading in Malaysia and to operate as a private fund manager in China. Both these new business lines will commence operations in Q1 2021 and start to bring more revenues for FY21.

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Adyen NV (AMS: Adyen) – Payment Gateway Riding On The Rise of E-Commerce(Guest Post)

Adyen NV (AMS: Adyen) – Payment Gateway Riding On The Rise of E-Commerce(Guest Post)

This is an attempt to read up more on global companies, in particular looking at some of the disruptors in tech space. In this article, I will be talking about a payment gateway solution company called Adyen NV, which has been around since 2010 but only really boom at the back of e-commerce trend two years ago. The company is listed in the Amsterdam Stock Exchange since 2018.

This post was originally posted here. The writer, Brian Halim is a veteran community member and blogger on InvestingNote, with username known as 3Fs and has 2137  followers.

Adyen NV is a company I’ve been dealing a lot at my current workplace (almost on a daily basis) since I joined my e-commerce company. Before that, I’ve had to deal with another company called Stripe which does pretty much the same thing but is based and headquartered in the US.

To have a better understanding on how I can enrich some value for the company through the negotiation process, I figured that I would spend my weekends reading up on the company to have a deeper understanding of their value proposition.

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