With a spotlight on youth and millennials, two large fintech companies have come together to develop a digital wealth management platform. Razer Fintech, a subsidiary of Razer Inc., and Templeton Assets in Singapore have joined hands in this endeavour.
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.
Razer Fintech has always had a youth-based financial institution on its mind, and this is a step in that direction. With Templeton, they plan to establish this business in their home turfs – Singapore, Malaysia, Vietnam, and the Philippines.
Lee Li Meng, CEO of Razer Fintech, stated that they wanted to make the best use of Templeton’s deep expertise in investment solutions and its global network. Razer Fintech is one the largest O2O (offline to online) digital payment networks in emerging markets. The company is looking to advance its fintech services into South-east Asian economies and has already started the process by introducing ‘Razer Pay’, its e-payment service, in Singapore and Malaysia.
Dora Seow, Singapore-head at Franklin Templeton, said “We are proud to enter this strategic collaboration with Razer Fintech in Southeast Asia, the heart of the youth, technology and growth. The reach of Razer Fintech’s iconic brand among the youth and millennials aligns with Franklin Templeton’s desire to target the new generation of investors, with next-generation investment solutions”.
Razer Fintech and Franklin Templeton plan to jointly design and create a ″next generation digital wealth management platform”, tailored to the needs of Razer Fintech’s youth and millennial customers looking to enter the realm of finance.