UP Fintech Holding Limited a leading online brokerage focusing on global Chinese investors, recently announced that its wholly owned subsidiary, Tiger Brokers Singapore, delivered over 100% quarterly growth in client accounts for the third consecutive quarter as of December 31, 2020. During the aforementioned period, UP Fintech Singapore subsidiary’s number of active traders grew at an average monthly growth rate of 45% compared to an industry growth rate of around 20% in Singapore.
UP Fintech Holding Limited made its most notable foray yet into international markets with the launch of its trading platform in Singapore in February 2020, when the company established its regional office with a local team of experienced financial services professionals.
By leveraging its parent company’s proprietary technology, the Singapore subsidiary of UP Fintech, Tiger Brokers Singapore, is able to provide a comprehensive and user-friendly online trading experience for Singapore-based investors.
Mr. Wu Tianhua, CEO of UP Fintech commented, “Over the past six years, we have developed an integrated trading platform that is capable of managing capital flows across multiple exchanges and classes of securities. With some of the lowest commission rates in the industry, we hope to offer investors in Singapore a diversified list of product offerings and an easy-to-use investing platform with a comprehensive set of analytical tools and real-time market information”.
“We continue to see strong interest in global investing from Singaporean clients and we are committed to bring more products to our customers,” Said Wu. Tiger Brokers Singapore now offers investors the ability to trade securities listed in Singapore, The U.S., Hong Kong, and Australia. Other investment products include options, warrants, and futures. The company also recently enabled Singapore clients to invest in global mutual funds through its signature “Fund Mall”, a one-stop shop that allows investors to allocate their capital across more than 100 funds from multinational asset management firms.
According to Wu, the investing app launched in Singapore was specifically designed to accommodate local users’ preferences. For example, Tiger Brokers Singapore has integrated with SingPass and partnered with DBS to streamline its online account opening process as well as allow instant transfers between clients’ bank and brokerage accounts.
“We want the onboarding process to be seamless, easy, and the interface to be intuitive. We will continue to invest heavily in technology research and development to meet various user needs. We believe this will help to ensure a constant inflow of high quality clients to our platform and position us for continued growth,” Wu added.
New Innovation Everywhere
New innovation now dominates discussions, from individuals to governments, for good reason. Over the next decade it will continue to reach further into every corner of our daily lives. Advancements in artificial intelligence and automation – from 3D printing to robotics – will be a focal point. One of the biggest outcomes will be significant dislocation in labour markets.
One analysts recently said that while tech and sustainability may grab the spotlight, the global economy will equally provide its own challenges in next 10 years. Interest rates won’t return to their previous highs, equity markets will test new heights, and central bankers will have to learn to use the largely new toolkit of macro-prudential policy.
iCompareLoan’s Home Loan Report (TM)
“To keep up with these rapid changes and new innovations, Property agents must upgrade or they must die”, said Mr Paul Ho, chief mortgage officer of iCompareLoan.
He noted that many property agencies struggle to keep up with all the regulatory changes in the industry, as well as the changing financial calculations for acquiring a property. He urged property agents to master the basics in property financing, refinancing, taxation and CPF.
Mr Ho said that iCompareLoan.com runs a full 2 – 3 days course on how property agents can produce such reports for their customers. He added that the trademarked course teaches Property Agents how to generate complicated Financial calculations using – Home Loan Report (TM) – in 3 mins flat. This helps Property agents to close deals faster and serve customers more professionally.
The Home Loan Report tool is a Singapore’s first one-of-a-kind analysis platform that provides latest updates of detailed loan packages and helps property agents, financial advisors and mortgage brokers to analyse home loan packages for their clients and give unbiased home loan / commercial loan analysis for their property buyers and home owners.
As buyers of the future grow more discerning, agents cannot afford to just rely on their personality or their experience to attract clients. Buyers and sellers of the future will increasingly rely on agents to have knowledge on property finance calculations and this is where the Home Loan report comes in.
This trademarked tool is a one-stop solution that can help deliver a detailed home loan report to property agents in 3 minutes flat. This is especially helpful when agents who do not have knowledge on property finance calculations make cold calls to potential clients and need to have a thorough analysis at hand in order to best direct each client on what their property buying and selling options are.
Such a report will not only help agents deliver the best possible property options to their clients, it will also help prevent the agent or potential buyers or sellers from wasting each other’s time since they already have all the information they need on the potential client’s buying or selling prospects at hand.
Property agents who want to continue working in the industry must set themselves apart and position themselves as thought leaders, especially in this day and age where digital marketing largely drives the local and global economy.
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