Have frictionless payments gone too far? Are women finally set to get targeted financial advice? And will investments’ eco-credentials trump potential returns? In this part of the 2021 Expert Outlook, we speak to three experts about how people are redefining their relationships with money.
Anna Haotanto is the managing partner and COO of ABZD Capital and the managing director and CMO of Gourmet Food Holdings, an investment firm focusing on opportunities in the global food and beverage industry. She's also the founder of The New Savvy, Asia’s leading financial, investments, and career platform for women. Anna is part of the founding committee of the Singapore FinTech Association and was in charge of the Women in FinTech and Partnership Committee. She's also the president of the Singapore Management University Women Alumni and on the board of the Alumni Philanthropy Council. She also invests and sits on the board of a few start-ups.
Dr. Stephan Siegel is a Michael G. Foster endowed professor of finance at the University of Washington. His research specialisations include individual investor behaviour, household finance, and international finance.
Ellie Barber is a senior behavioural analyst at Canvas8. She has worked across the UK, US, Europe, and Asia to unpick consumer behaviour for some of the world’s largest brands, finding herself on rooftops with Russian teenagers and eating hot pot with Shanghai’s streetwear community. When she’s not doing that, you can find her singing at weekly choir practises or attempting Ottolenghi recipes.
Women are often let down by the finance industry, from patronising campaigns to intimidating institutions. Online toolkit SmartPurse provides jargon-free financial information, a chance to network with other women on and offline, and a database for finding a financial adviser or coach.
Gen Yers and Zers are turning to payment services like Klarna, Afterpay, and Laybuy to help their wallets keep up with their shopping habits. But due to a lack of education regarding financial responsibility, how are these ‘buy now, pay later’ services impacting their financial futures?
The financial inequalities faced by women in America aren’t limited to a pay gap. Traditional gender expectations and a lack of tailored services mean that they’re also less prepared for retirement than men. So, how can women be encouraged to build a nest egg as they move through life?
As Gen Yers enter their financial prime, brands across sectors are looking at ways to adapt their offerings to meet the ethical expectations of this cohort. Online-only challenger bank Aspiration is appealing to them by putting trust, transparency, and sustainability at the heart of its business.