As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Tuesday, 4 August 2020

Fintech Digital Banking is a Threat to local Big Three banks???

Read? Grab announces new investment, consumer loan products as part of financial services drive

The strategy will also see the group launch "buy-now-pay-later" payment plans for select e-commerce websites and a third-party loan platform to allow users to obtain consumer loans. 

Hmm .. sounds like US Subprime in the making under the name of fintech financing this time i.e. lending to those who can't under current normal banking services.

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