Me & My Career: This “ plumber ” of the financial world makes sure that money flows smoothly, Invest News & Best Stories

Me & My Career: This `` plumber '' of the financial world makes sure that money flows smoothly, Invest News & Best Stories

SINGAPORE – Using fintech, or fintech, to disrupt traditional models might sound “cool,” but Mastercard executive Joseph Tom thinks it’s just as much about solving seemingly mundane problems.

Fintech, he notes, has started improving access to remittance services for migrant workers, who otherwise could spend up to 10 percent of their savings on transfer fees and exchange rates. mediocre.

“It might not look glamorous compared to global investing, cryptocurrencies, and roboadvisory, but a lot of the value of fintech is in solving these unsexy issues in traditional banks such as financial inclusion and access to credit, ”says Mr. Tom, Business Development Director at…

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