Dobin, an AI-powered FinTech solution announces its launch

By Leandra Monteiro

Singapore-based FinTech Dobin has launched.

Dobin is the first company in Southeast Asia to use open finance and advanced data analytics to give users a single view of their finances, create unique anonymised customer insights and empower users to get value from their financial data. Collectively these functionalities give users data-driven personalised recommendations for better financial options and outcomes.

“Managing our personal finances can be overwhelming as our financial information is fragmented. Dobin’s objective is to help users remove the barriers to achieving their financial goals in a simple and secure mobile experience. Dobin uses advanced data analytics to help users manage their finances and get tangible value from their financial data,” said Dobin, Chief Executive Officer and Co-founder, Khaled Benguerba. “Now, anyone can get on top of their finances and receive personalised offers – without sacrificing the privacy of their data.”

First, Dobin gives users a consolidated view of their income and expenses by securely connecting their bank accounts and credit cards across Singapore’s leading banks. This allows users to track how much they earn and where they spend uncovering overlooked spending habits and reduce their ongoing expenses by using relevant merchant discounts.

Second, as Dobin builds its data analytics and AI capabilities, it will create unique yet anonymised ‘financial profiles’. These profiles can indicate a user’s loan repayment capacity, their spending potential with a particular merchant, or the credit card they are likely to use frequently. These ‘financial profiles’ can help users ‘prove their value’ to merchants and financial institutions.

Third, Dobin puts users in the driver’s seat to get value from their own data. Users can choose to give Dobin permission to share their anonymised ‘financial profiles’ with merchants and financial institutions to receive personalised discounts, credit card recommendations, and attractive loan offers. At all times, users remain in control of why and how their data is shared. At launch, users can access merchant discounts based on their spending patterns in categories like shopping, groceries, and travel.