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F0138: RinggitPlus CEO - 7 in 10 Malaysians Save Less Than RM500 A Month! The Stats Are Worrying!
Siew Yuen Tuck is the CEO and co-founder of RinggitPlus, Malaysia’s leading financial comparison platform under the fintech group Jirnexu.
An Oxford University graduate in Modern History, Siew began his career in investment banking at Citigroup and later joined a UK hedge fund before returning to Malaysia to address the lack of accessible financial information.
He launched RinggitPlus in 2012 to empower Malaysians with transparent, user-friendly tools for comparing and applying for financial products.
Siew is also the driving force behind the annual RinggitPlus Malaysian Financial Literacy Survey (RMFLS), which in 2024 revealed improvements in financial well-being but highlighted the ongoing need for digital financial literacy.
View the full survey here: https://ringgitplus.com/en/blog/wp-content/uploads/2024/09/RMFLS-2024-Survey-Report.pdf
Join our upcoming event on Financial Planning for DUMMIES: https://lu.ma/hw5z1fyp
(00:00) Who is Siew Yuen Tuck (YT)?
(03:38) How Does RinggitPlus Earn Revenue?
(07:06) Why Is It Difficult For Malaysians To Save?
(10:50) Thoughts On Buy Now Pay Later (BNPL)?
(13:44) What Is Your Savings Strategy?
(17:08) Will Digital Banks Overtake Traditional Banks?
(19:00) How To Prepare For Financial Uncertainties?
(23:33) 48% Of T20s Are Living Paycheck to Paycheck
(27:37) Social Media As A Financial Education Hub
(32:03) Trump’s Tariffs And Its Impacts
(37:41) Will EPF’s RM1.3 Million Be Enough To Retire?
(41:12) Worst Mistakes To Make In Early 20s?
(50:08) Which Cash App / Digital Bank Is Your Favourite?
(57:38) How To Not Live Paycheck To Paycheck?
(58:33) Summary And Takeaways
Follow RinggitPlus:
Website - https://ringgitplus.com/en/
Instagram - https://www.instagram.com/ringgitplus
Subscribe to The Futurizts on Patreon to join our WhatsApp group for as little as $1 per month: https://www.patreon.com/thefuturizts
Follow Us: https://linktr.ee/thefuturizts
DISCLAIMER: The information contained in this video is for informational and educational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The opinions of this video are solely that of the publisher.
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By Shinji OngSiew Yuen Tuck is the CEO and co-founder of RinggitPlus, Malaysia’s leading financial comparison platform under the fintech group Jirnexu.
An Oxford University graduate in Modern History, Siew began his career in investment banking at Citigroup and later joined a UK hedge fund before returning to Malaysia to address the lack of accessible financial information.
He launched RinggitPlus in 2012 to empower Malaysians with transparent, user-friendly tools for comparing and applying for financial products.
Siew is also the driving force behind the annual RinggitPlus Malaysian Financial Literacy Survey (RMFLS), which in 2024 revealed improvements in financial well-being but highlighted the ongoing need for digital financial literacy.
View the full survey here: https://ringgitplus.com/en/blog/wp-content/uploads/2024/09/RMFLS-2024-Survey-Report.pdf
Join our upcoming event on Financial Planning for DUMMIES: https://lu.ma/hw5z1fyp
(00:00) Who is Siew Yuen Tuck (YT)?
(03:38) How Does RinggitPlus Earn Revenue?
(07:06) Why Is It Difficult For Malaysians To Save?
(10:50) Thoughts On Buy Now Pay Later (BNPL)?
(13:44) What Is Your Savings Strategy?
(17:08) Will Digital Banks Overtake Traditional Banks?
(19:00) How To Prepare For Financial Uncertainties?
(23:33) 48% Of T20s Are Living Paycheck to Paycheck
(27:37) Social Media As A Financial Education Hub
(32:03) Trump’s Tariffs And Its Impacts
(37:41) Will EPF’s RM1.3 Million Be Enough To Retire?
(41:12) Worst Mistakes To Make In Early 20s?
(50:08) Which Cash App / Digital Bank Is Your Favourite?
(57:38) How To Not Live Paycheck To Paycheck?
(58:33) Summary And Takeaways
Follow RinggitPlus:
Website - https://ringgitplus.com/en/
Instagram - https://www.instagram.com/ringgitplus
Subscribe to The Futurizts on Patreon to join our WhatsApp group for as little as $1 per month: https://www.patreon.com/thefuturizts
Follow Us: https://linktr.ee/thefuturizts
DISCLAIMER: The information contained in this video is for informational and educational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The opinions of this video are solely that of the publisher.