Change is a new age financial proposition for individuals with high f inancial ambitions. It is created for young and forward-looking men and women who feel disconnected with the way banks operate. The clean, minimalist look of Change’s logo was designed to fit our vision. The broken circle represents Change - the ability to “break the loop” and take control.Change was founded in early 2016 in Singapore, one of Asia’s largest financial hubs. Shortly after, angel investors backed the proposition with over USD 200,000 in early investment, and leading FinTech startups in the region joined the group. By 2018, Change is set to launch the first global FinTech marketplace on blockchain.
Change’s value lies in re-bundling unbundled financial services, benefiting both users and FinTech companies. Through Change’s f inancial marketplace, customers can access a multitude of financial services, such as investments, insurance products, loans etc. Since Change uses blockchain technology and cryptocurrencies to deliver this proposition, users’ privacy and security are ensured. It also enables the allocation of funds to financial services based in foreign countries, avoiding the complex processes and bureaucracy of traditional banks, bringing to life the concept of truly
borderless finance. FinTech companies benefit from joining the Change Marketplace as they are able to present their products to users of the crypto bank, with no geographical restrictions. Local FinTechs become global companies, expanding their user base, reaching millions. The Change Marketplace is self- regulating, meaning that while initial approval is decided by the Change team, a FinTech can only remain in the marketplace if it is popular and satisfactory among the c o mmunity. To ensure transparency, the services will be rated and usage rates published.
Website:www.change-bank.com