ASEAN FinTech Research Platform

Deloitte Digital // Digital Platform
Singapore 2019
Client: Financial Industry Agency
Role: Design & Research Lead
Duration:

Skills: User Research, Digital Prototype, Business Proposition Design

Ambition
In the current Financial Technology ecosystem in Southeast Asia, there is a lack of accurate and reliable FinTech data, including FinTechs’ technology, size, commercials, ownership and funding; if available, the information is often incomplete or outdated. The client wanted to increase the volume and success rates of collaborations between Southeast Asian FinTechs and Financial Institutions and to democratize the access to strategic capital in the region by facilitating easier discovery and deal flow for investors with local FinTechs, aiming to grow the entire financial ecosystem by creating a “single source of truth” for FinTech startups to improve confidence during due diligence research. 

Impact
Within 9 weeks, a team of four designers, strategists, and analysts designed and iterated a prototype and proposition blueprint in parallel with conducting in-depth market analysis and developed a data strategy alongside our S&P Global Market Intelligence partners. The features of the research platform and FinTech scoring Intellectual Property (IP) now sits under the ASEAN FInancial Innovation Network’s (AFIN) API Exchange (APIX) platform. More importantly, the rapid research conducted across the top 10 Financial Institutions in Southeast Asia brought attention to the opportunity for more supportive regulation to encourage collaborative design with FinTech founders and partners across the region and promote financial inclusion and systemic modernization.