ZA Tech Opens Fintech Center in Singapore

The Singapore-based center aims to explore financial services innovation and help industry partners in the region to build new products that will accelerate their digital ambitions.

ZA Tech Global has opened its first Asia Fintech Center (AFC), which will specialize in solving specific use-cases in insurance and financial services in collaboration with industry partners, according to an announcement by the Chinese firm, which provides proprietary insurtech capabilities and applications

The center will have an initial focus on insurance use-cases by co-designing innovative propositions with insurers in ASEAN, the announcement said. It will also partner with local universities to develop further fintech expertise and talent.

The internet economy continues to rapidly reshape consumer expectations across Asia, digital transformation is becoming as crucial as ever for financial services firms, Bill Song, CEO of ZA Tech, said, adding that the AFC is an important pillar of its regional ambitions.

George Kesselman, ZA Tech’s head of commercial, will take on the additional responsibility as a leader of the AFC.

ZA Tech Global is the business entity established by ZhongAn Technologies International, the international arm of Chinese online insurer ZhongAn Online P&C Insurance.

The company previously inked micro-insurance partnerships with Grab and NTUC Income in Singapore, Ovo in Indonesia, and regionally with AIA