MAS grants licence to China-backed wealth management fintech

PIVOT Fintech aims to link up with Singapore educational institutions for local AI training.

PIVOT Fintech, a digital wealth management technology services venture backed by Chinese firm Pintec Technology Holdings and FWD Group will start offering investment services to retail clients after it was granted a capital markets services license by the Monetary Authority of Singapore (MAS).

PIVOT will bridge PINTEC’s extensive AI-driven experience in China and Singapore’s fintech development, a statement said. “A near-term goal is for PIVOT to train a local AI talent pool in collaboration with Singapore educational institutions.”

“At PINTEC, we are very pleased to support PIVOT’s growth in Singapore with our asset allocation algorithms that have passed rigorous testing and regulatory compliance standards to meet the growing demand for low cost, transparent and risk-managed long-term investment portfolios,” said Zheng Yudong, CEO of PINTEC’s Wealth Management Business.

Yudong added that PINTEC will continue to support PIVOT throughout Southeast Asia.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia