hi everyone thanks for having me today
we’re actually talking about fin time
reinventing the wheel and let about
wheel then why is my topic having the
word wheel the oldest known wheel was
from Mesopotamia which was in three
thousand fire at BC so that was like
three thousand five hundred plus twenty
seventeen and that is like five five one
seven years ago and along the way many
people try it creating with dillonvale
and a lot of patterning it as well the
right of the creation of wheel and that
led to a lot of things happening along
the way so the dire need to invent
reinvent and keep inventing like the new
multi tires which we all use on our
vehicles the cars and used a so thanks
to this bunch of resilient invest
inventors they take on inventing made
our lives easier so we use the cars and
that made our lives easier from one
point to the other so the wheel that’s a
story but let’s pause a bit from talking
about wheel and I’m gonna share a bit
about myself so I like to eat sushi
Salman nasi lemak avocado obviously not
everything at the same time I love
watching sci-fi action in time Elysium
who can forget fringe the series and
also inception I love to dance
those who wanna dance you can let me
know later and I love to game our
brothers but how many in this room can
say that I love my bank how many of you
can say I love my credit card I love my
interest loan I love hanging out at a
bank right I don’t think many of us can
say that so so where does that leave us
but I am very fortunate right now that
I’m actually in this exciting wolf
called FinTech so what is spin time
FinTech is where the term technology and
finance are married together or you can
actually think I’m nother way some of
you may have you have this type in which
is the other way around technology
cultures and then finance so fill that
comes from an angle of improvising and
innovation from the finance and go where
I know your banks they launched a mobile
wallet or some products like CNB they
launched ever right
some of you may use CMB they launched a
bar which is called your virtual
personal assistant what about tech fin
tech fitness technology companies and
platforms they use and launch financial
services so when you grab an uber
especially grab they actually launched
granted some of you may actually went
abroad and use Apple pay Samsung pay all
this they’re actually not from the
financial industry but providing extra
services to their users and customers
and where are we right now where are we
heading to infant AG we are at the era
where we are recreating the wheel of
financial services the first mobile only
and digital Bank is called fedora and
fedora was launched in 2009 and we’re
what 2017 right Sophie Dahl was launched
in 2009 in Germany and it’s very
interesting they have no physical brunch
you don’t actually walk to a bank all
the key banking processes are completed
within 60 seconds and they embrace open
banking API for those who know what API
is that is thread 2009 in 2016 last year
they actually got sold off and bought
over by a French banking group can’t be
be pce and what are all these digital
bank doing like what what is it so fun
about self
you actually create a background without
going to the back we just do it from a
mobile phone home doing grocery shopping
and what are these some filter companies
and digital banks do is they actually
use I rescan you just use your phone and
if your IRIScan facial-recognition
uploading your online documents and they
go your bank account will be open right
so these are all the interesting things
some of some of the friends that I know
they actually do a live recording and
then what they do is they have to wave
and show their utility bills to show
that I I uploaded my address and I
actually living in the address that I
showed that was quite interesting and
here she shared with me and I was like
wow these are very very interesting
stuff you do not even need to go to a
physical branch anymore and that is a
reality that we can see so what does
this mean to you and me what it’s all
this fit type how will it impact my life
and your life and how can I be part of
the filter ecosystem so that’s what we
are talking about today if we look at
some of the things that are happening
and in the FinTech realm we are at the
brink of creation of the financial
services and if you talk about building
filter ecosystem
what what does it really all me how can
people are you and me I’m not from the
finance wall even though I’m doing field
time I came from a law background it
doesn’t mean that you have to be in a
finance war type wall to actually be
part of the entire ecosystem so that’s
one the other part is we need to
understand that it’s all about sharing
knowledge and about open collaboration
that is the common language that we are
all going to have when we create a
filter ecosystem together it doesn’t
mean it’s the bank creating oh yeah some
of the bankers are doing or the
regulator’s are doing it actually takes
every one of us because in the end will
be users to fin tank or type in what I
matter and it doesn’t matter what role
you are playing as well doesn’t matter
your developer student/teacher we all
have a part in this and what I’m trying
to say is we all do not need to be a
tight developer the next day that’s not
what I’m trying I’m trying to say that
we need to embrace that this is a tech
era what does it mean so we project like
SpaceX I’m not sure some of you do you
know about SpaceX Elon Musk is aiming to
actually build a 1 million people
marshall city it means building
something in Mars and we’re all living
there well with an era where we actually
jump in a stranger’s car and we believe
that attack and that will bring us
safely to one point to the other
we finally announced to the whole world
about our personal life story we share
out saddest moment and happiest moments
online to everyone
education is democratize where everyone
from any student from any Asian
background going to Han economy for
example can just learn anything online
so where does that leave us when we
embrace technology in our lifestyle so
yeah this is the Maersk sorry and we’ll
be embrace technology in our lifestyle
and we allow tech fin and filter into
our lifestyle it enables fintan caffeine
to actually make it better for us the
financials of services will be more
beneficial transparent easier to
understand and we all can can benefit
from that Grady and what’s next what’s
next in this what would technology help
us
so I’ll be speaking about all these
positive things what about the dark side
people always ask me oh don’t change
this and that so we’re gonna talk a bit
we’re gonna flip to the dark side so
technology itself actually essentially
it’s just a tool to be utilized it is
not evil it does not create fraud it
does not motivate you to do something
bad
essentially it is a tool right and it’s
very similar to cash cash itself it’s a
tool it’s only that you either use it to
donate to someone or you some some of
them they exchanged hands with cash and
they do it for illegal activities
so essentially cash it’s like a tool so
if you think about it right if we talk
about example technology of blockchain
I’m sure some a lot of you have actually
heard about the word blockchain or the
other one is called distributed ledger
technology DLT essentially blockchain is
a technology you can I use it for
positive or negative side the negative
side is again if you’re you may be
familiar with this it’s called the dark
web so you need to actually have a few
protocols and steps to actually enter
the dot web and then you use blockchain
technology to actually do illegal
activities so this is the dark side of
it but the politics side is the whole
wall is pouring money into improvising
the technology and understanding a proof
of concept so the non-financial example
is blocking projects are actually live
right now they are testing about things
like food traceability weather to ensure
we is it really halal food the other
side is we can use it for trade
financing so blockchain projects is
actually our technology so it can be
either used in the positive or negative
side
and this is what we are here for all of
us will be going through this question
and this is an essential question that
we all need to embrace will technology
replace the jobs in banking finance
industry that is very different compared
to when I study and when you guys study
when your parents are and when I started
so when we talk about this we need to
remember that we’re in a fourth
Industrial Revolution where technology
plays a very vital part in our life in
the economy and the wall we need to
embrace that this is a type error this
is very different compared to when our
parents studied get a job got a roof
over our head it is very different for
all of us here as well whether you’re
studying your teaching whether you’re at
looking whether you’re actually doing
businesses it’s a very different wall
because the wall is changing very
rapidly technology si señor will be
rapidly changing it’s very different
from last time so when we embrace that
we will understand that we need to come
up with these three pointers that I
think that it could summarize how we’re
going to navigate this era number one is
we need to understand that
it is not that we’re gonna get me please
that the jobs are gonna get me place
that the job and demand skillset is very
very different from previous time it
means that it is gonna be rapidly
changing in a higher velocity compared
to last time that is point number one
point number two is understanding
technology is very very key because like
it or not it’s gonna be intertwine with
our lifestyle whatever you do I mean who
here doesn’t have a phone right who here
doesn’t have heard about Internet who
here okay maybe some of you doesn’t have
Facebook
but right and and all of us are using
something to do it technology whether
you like it or not so understanding
technology is key it’s the same as like
I don’t know I like to put a comparison
bike bicycle and wheel without the wheel
device cannot work oh maybe some of you
want to put like kya and bread or fish
and water it’s gonna hit like that
so the more you embrace technology in
your lifestyle you understand the
experiences so things I it can be non
finance could be green grass without
without using cash it can be learning
about Ruby on Rails cars just for a day
right the third point is the most
important one is being humble and
humidity that pins your way of learning
so things like coming to TEDx learning
online speaking to people going to
events asking all these questions so
these are three pointers that would
navigate our area to actually obscure
and Reese kill ourselves this is a
constant learning this is the era of
learning right now right and these are
three pointers I think that it’s not
about that the jobs are being replaced
it’s more like what are we going to take
action for this how do we equip
ourselves for this new era and not lose
out of phased out and relying on the
jobs that are being depleted right now
so I understand that if you try opening
your phone and and Google like
and and things phyto like this i/o
britain could lose 40,000 investment
banking jobs in the brexit exodus these
things are scary but if you take charge
right now and then we can equip
ourselves it’s a whole new game right so
let’s let’s go back from these jobs and
really think about how the future is
fine
let’s kind of sneak pick what’s gonna
like what’s it’s gonna be like so if you
close your eyes and can imagine how nice
I just go and open a bank on and do
everything at home or maybe I could be I
know on the way to pick up some food
right and I do everything online
everything is from my mobile or device I
do not need to go to the bank to go a
cure for like three four or five hours
this is one lifestyle the other
lifestyle if you heard about
crowdfunding crowdfunding is really
licensed in Malaysia things like I
actually can’t put my spot out there and
I get funded by so many people right and
this is the new way of getting
investment startup another way is
peer-to-peer financing also licensed in
Malaysia already so what I do is one day
maybe X like spare cash and I want to
lend to these some people I can get
interest so instead of a banking
interest I’m getting interest and this
like sign income for me another way that
a newspaper is out right now in Malaysia
as well it’s called a digital investment
framework so we’re talking about Robo
advisory we’re talking about let’s say I
wanna invest in stock but I’m human I’m
not like a robot or I can use artificial
intelligence right so these solutions
can actually track everything for me in
a marker and it enables and crunch data
for me for me to make my investment
decisions so these are things that are
actually happening around the wall
it’s just that in Malaysia is just
starting out and these are things that
you know would that we come into
Malaysia and Asia into our
so the wall already so we’re talking
about these things happening and filter
and all that but what I’m trying to say
is whether you’re a student or musician
educator business owner investor lender
whoever you are we can take shape and
and collaborate together to shape the
entire ecosystem and I want to borrow
this quote that you know from from this
is a change is brought about when
ordinary people are you and me do
extraordinary things
thank you
we’re actually talking about fin time
reinventing the wheel and let about
wheel then why is my topic having the
word wheel the oldest known wheel was
from Mesopotamia which was in three
thousand fire at BC so that was like
three thousand five hundred plus twenty
seventeen and that is like five five one
seven years ago and along the way many
people try it creating with dillonvale
and a lot of patterning it as well the
right of the creation of wheel and that
led to a lot of things happening along
the way so the dire need to invent
reinvent and keep inventing like the new
multi tires which we all use on our
vehicles the cars and used a so thanks
to this bunch of resilient invest
inventors they take on inventing made
our lives easier so we use the cars and
that made our lives easier from one
point to the other so the wheel that’s a
story but let’s pause a bit from talking
about wheel and I’m gonna share a bit
about myself so I like to eat sushi
Salman nasi lemak avocado obviously not
everything at the same time I love
watching sci-fi action in time Elysium
who can forget fringe the series and
also inception I love to dance
those who wanna dance you can let me
know later and I love to game our
brothers but how many in this room can
say that I love my bank how many of you
can say I love my credit card I love my
interest loan I love hanging out at a
bank right I don’t think many of us can
say that so so where does that leave us
but I am very fortunate right now that
I’m actually in this exciting wolf
called FinTech so what is spin time
FinTech is where the term technology and
finance are married together or you can
actually think I’m nother way some of
you may have you have this type in which
is the other way around technology
cultures and then finance so fill that
comes from an angle of improvising and
innovation from the finance and go where
I know your banks they launched a mobile
wallet or some products like CNB they
launched ever right
some of you may use CMB they launched a
bar which is called your virtual
personal assistant what about tech fin
tech fitness technology companies and
platforms they use and launch financial
services so when you grab an uber
especially grab they actually launched
granted some of you may actually went
abroad and use Apple pay Samsung pay all
this they’re actually not from the
financial industry but providing extra
services to their users and customers
and where are we right now where are we
heading to infant AG we are at the era
where we are recreating the wheel of
financial services the first mobile only
and digital Bank is called fedora and
fedora was launched in 2009 and we’re
what 2017 right Sophie Dahl was launched
in 2009 in Germany and it’s very
interesting they have no physical brunch
you don’t actually walk to a bank all
the key banking processes are completed
within 60 seconds and they embrace open
banking API for those who know what API
is that is thread 2009 in 2016 last year
they actually got sold off and bought
over by a French banking group can’t be
be pce and what are all these digital
bank doing like what what is it so fun
about self
you actually create a background without
going to the back we just do it from a
mobile phone home doing grocery shopping
and what are these some filter companies
and digital banks do is they actually
use I rescan you just use your phone and
if your IRIScan facial-recognition
uploading your online documents and they
go your bank account will be open right
so these are all the interesting things
some of some of the friends that I know
they actually do a live recording and
then what they do is they have to wave
and show their utility bills to show
that I I uploaded my address and I
actually living in the address that I
showed that was quite interesting and
here she shared with me and I was like
wow these are very very interesting
stuff you do not even need to go to a
physical branch anymore and that is a
reality that we can see so what does
this mean to you and me what it’s all
this fit type how will it impact my life
and your life and how can I be part of
the filter ecosystem so that’s what we
are talking about today if we look at
some of the things that are happening
and in the FinTech realm we are at the
brink of creation of the financial
services and if you talk about building
filter ecosystem
what what does it really all me how can
people are you and me I’m not from the
finance wall even though I’m doing field
time I came from a law background it
doesn’t mean that you have to be in a
finance war type wall to actually be
part of the entire ecosystem so that’s
one the other part is we need to
understand that it’s all about sharing
knowledge and about open collaboration
that is the common language that we are
all going to have when we create a
filter ecosystem together it doesn’t
mean it’s the bank creating oh yeah some
of the bankers are doing or the
regulator’s are doing it actually takes
every one of us because in the end will
be users to fin tank or type in what I
matter and it doesn’t matter what role
you are playing as well doesn’t matter
your developer student/teacher we all
have a part in this and what I’m trying
to say is we all do not need to be a
tight developer the next day that’s not
what I’m trying I’m trying to say that
we need to embrace that this is a tech
era what does it mean so we project like
SpaceX I’m not sure some of you do you
know about SpaceX Elon Musk is aiming to
actually build a 1 million people
marshall city it means building
something in Mars and we’re all living
there well with an era where we actually
jump in a stranger’s car and we believe
that attack and that will bring us
safely to one point to the other
we finally announced to the whole world
about our personal life story we share
out saddest moment and happiest moments
online to everyone
education is democratize where everyone
from any student from any Asian
background going to Han economy for
example can just learn anything online
so where does that leave us when we
embrace technology in our lifestyle so
yeah this is the Maersk sorry and we’ll
be embrace technology in our lifestyle
and we allow tech fin and filter into
our lifestyle it enables fintan caffeine
to actually make it better for us the
financials of services will be more
beneficial transparent easier to
understand and we all can can benefit
from that Grady and what’s next what’s
next in this what would technology help
us
so I’ll be speaking about all these
positive things what about the dark side
people always ask me oh don’t change
this and that so we’re gonna talk a bit
we’re gonna flip to the dark side so
technology itself actually essentially
it’s just a tool to be utilized it is
not evil it does not create fraud it
does not motivate you to do something
bad
essentially it is a tool right and it’s
very similar to cash cash itself it’s a
tool it’s only that you either use it to
donate to someone or you some some of
them they exchanged hands with cash and
they do it for illegal activities
so essentially cash it’s like a tool so
if you think about it right if we talk
about example technology of blockchain
I’m sure some a lot of you have actually
heard about the word blockchain or the
other one is called distributed ledger
technology DLT essentially blockchain is
a technology you can I use it for
positive or negative side the negative
side is again if you’re you may be
familiar with this it’s called the dark
web so you need to actually have a few
protocols and steps to actually enter
the dot web and then you use blockchain
technology to actually do illegal
activities so this is the dark side of
it but the politics side is the whole
wall is pouring money into improvising
the technology and understanding a proof
of concept so the non-financial example
is blocking projects are actually live
right now they are testing about things
like food traceability weather to ensure
we is it really halal food the other
side is we can use it for trade
financing so blockchain projects is
actually our technology so it can be
either used in the positive or negative
side
and this is what we are here for all of
us will be going through this question
and this is an essential question that
we all need to embrace will technology
replace the jobs in banking finance
industry that is very different compared
to when I study and when you guys study
when your parents are and when I started
so when we talk about this we need to
remember that we’re in a fourth
Industrial Revolution where technology
plays a very vital part in our life in
the economy and the wall we need to
embrace that this is a type error this
is very different compared to when our
parents studied get a job got a roof
over our head it is very different for
all of us here as well whether you’re
studying your teaching whether you’re at
looking whether you’re actually doing
businesses it’s a very different wall
because the wall is changing very
rapidly technology si señor will be
rapidly changing it’s very different
from last time so when we embrace that
we will understand that we need to come
up with these three pointers that I
think that it could summarize how we’re
going to navigate this era number one is
we need to understand that
it is not that we’re gonna get me please
that the jobs are gonna get me place
that the job and demand skillset is very
very different from previous time it
means that it is gonna be rapidly
changing in a higher velocity compared
to last time that is point number one
point number two is understanding
technology is very very key because like
it or not it’s gonna be intertwine with
our lifestyle whatever you do I mean who
here doesn’t have a phone right who here
doesn’t have heard about Internet who
here okay maybe some of you doesn’t have
but right and and all of us are using
something to do it technology whether
you like it or not so understanding
technology is key it’s the same as like
I don’t know I like to put a comparison
bike bicycle and wheel without the wheel
device cannot work oh maybe some of you
want to put like kya and bread or fish
and water it’s gonna hit like that
so the more you embrace technology in
your lifestyle you understand the
experiences so things I it can be non
finance could be green grass without
without using cash it can be learning
about Ruby on Rails cars just for a day
right the third point is the most
important one is being humble and
humidity that pins your way of learning
so things like coming to TEDx learning
online speaking to people going to
events asking all these questions so
these are three pointers that would
navigate our area to actually obscure
and Reese kill ourselves this is a
constant learning this is the era of
learning right now right and these are
three pointers I think that it’s not
about that the jobs are being replaced
it’s more like what are we going to take
action for this how do we equip
ourselves for this new era and not lose
out of phased out and relying on the
jobs that are being depleted right now
so I understand that if you try opening
your phone and and Google like
and and things phyto like this i/o
britain could lose 40,000 investment
banking jobs in the brexit exodus these
things are scary but if you take charge
right now and then we can equip
ourselves it’s a whole new game right so
let’s let’s go back from these jobs and
really think about how the future is
fine
let’s kind of sneak pick what’s gonna
like what’s it’s gonna be like so if you
close your eyes and can imagine how nice
I just go and open a bank on and do
everything at home or maybe I could be I
know on the way to pick up some food
right and I do everything online
everything is from my mobile or device I
do not need to go to the bank to go a
cure for like three four or five hours
this is one lifestyle the other
lifestyle if you heard about
crowdfunding crowdfunding is really
licensed in Malaysia things like I
actually can’t put my spot out there and
I get funded by so many people right and
this is the new way of getting
investment startup another way is
peer-to-peer financing also licensed in
Malaysia already so what I do is one day
maybe X like spare cash and I want to
lend to these some people I can get
interest so instead of a banking
interest I’m getting interest and this
like sign income for me another way that
a newspaper is out right now in Malaysia
as well it’s called a digital investment
framework so we’re talking about Robo
advisory we’re talking about let’s say I
wanna invest in stock but I’m human I’m
not like a robot or I can use artificial
intelligence right so these solutions
can actually track everything for me in
a marker and it enables and crunch data
for me for me to make my investment
decisions so these are things that are
actually happening around the wall
it’s just that in Malaysia is just
starting out and these are things that
you know would that we come into
Malaysia and Asia into our
so the wall already so we’re talking
about these things happening and filter
and all that but what I’m trying to say
is whether you’re a student or musician
educator business owner investor lender
whoever you are we can take shape and
and collaborate together to shape the
entire ecosystem and I want to borrow
this quote that you know from from this
is a change is brought about when
ordinary people are you and me do
extraordinary things
thank you
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