MDEC Fintech Conference - How I was not Killed by the Money Changer Families, Hakim Karim - CurrenSeek
•
1 like•616 views
Check out the video of this presentation and the rest at www.itrain.com.my/fintech-bootcamp Interested to get a fintech idea started but don't know how to start? Then join the FREE MDEC Fintech Masterclass on October 3-4. To enter just tell us about your Fintech idea! Apply here: bit.ly/fintech-master More information about the complete Fintech Bootcamp: www.itrain.com.my/fintech-bootcamp/
Recommended
Recommended
More Related Content
Viewers also liked
Viewers also liked (20)
Similar to MDEC Fintech Conference - How I was not Killed by the Money Changer Families, Hakim Karim - CurrenSeek
Similar to MDEC Fintech Conference - How I was not Killed by the Money Changer Families, Hakim Karim - CurrenSeek (20)
Recently uploaded
Recently uploaded (10)
MDEC Fintech Conference - How I was not Killed by the Money Changer Families, Hakim Karim - CurrenSeek
- 1. Making Currency Exchange Work For You
- 2. OUR TEAM
- 3. JOANN SOON Content AMIR HAGHBIN Marketing HAKIM KARIM Strategy DAVID OH Biz Dev Meet The Squad CURRENSEEK CHAS ISAAC Product
- 5. How rates on the ground compare to official rates Rates Rates can vary by over 20% within close walking distance Disparity Which money changers to trust Trust Where money changers are located Location Travellers PAIN POINTS
- 6. Limited insights of customer behaviors, experiences or needs, nor knowledge of the supply & demand for various currencies Insights Difficulty obtaining foreign currencies without relying on expensive wholesalers who only operate 9-5 Foreign Currency Provision Not enough man-power nor skills to keep up with Anti-Money Laundering (AML) & ‘Know Your Customer’ (KYC) regulations KYC/AML Compliance Most have no customer acquisition strategy or online presence Customer Acquisition Money Changers PAIN POINTS
- 7. ASEAN WORLDWIDE Spend US$1.4 Trillion Spend US$110 Billion Travelers 1.1+ Billion Travelers 105+ Million Market Opportunity CURRENSEEK
- 8. Local Market TRAVELLERS 10M TRAVELLERS 26M CURRENSEEK US$20B SPENDING US$1145 SPENDING PER TRIP OUTLETS ~1100 US$15B TURNOVER
- 9. CURRENSEEK TRAVELLERS save time and money, exchanging currency MONEY CHANGERS advertise their rates and businesses online Community-driven, location-aware currency exchange comparison app.
- 10. OUR JOURNEY
- 12. Validation KRW10,000 = RM 309 KRW10,000 = RM 261 CURRENSEEK
- 14. Fear CURRENSEEK
- 17. Brand CURRENSEEK
- 22. Visa Malaysia Fintech Finals CURRENSEEK
- 27. Advisors The region’s brightest FinTech minds and advisors with years of global insights & experience FELIPE DAGUILA JAMES SPURWAY ALEX YOKOYAMA ARVIN SINGH CURRENSEEK
- 28. GIFF ASEAN FinTech Challenge CURRENSEEK
- 30. MSC Malaysia Hot Startup CURRENSEEK
- 31. WHAT’S NEXT?
- 32. Travellers CURRENSEEK FOR: PERSONALISED RATES Highly personalised deals for customers based on amount or location. Customers can lock-in rates, book and pay online, plus pick up currency at their convenience. RATE TRACKER Alert customers planning for their trips when any participating money changer is able to offer a better rate.
- 33. Knowing customers in advance COMPLIANCE FACILITATION Personalised offers to highly qualified customers BIDDING PLATFORM Real-time demand for currencies by time and location INVENTORY ANALYTICS Money Changers CURRENSEEK FOR: Commitment from customers ahead of time E-PAYMENT INTEGRATION
- 34. THANKS Making currency exchange work for everyone! hakim@currenseek.com +60 16 365 2089