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Inclusive finance is more than access to a bank accountโ€”it's about empowering everyone to participate meaningfully in the economy. At Defy, weโ€™re leveraging decentralisation to break barriers and create financial systems that truly work for all. ๐ŸŒ๐Ÿ’ก #FinancialInclusion #FintechForGood #Defy #DefiantForGood

Learn more here: lendforgood.io/defy-2024/
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๐ŸŒ Excited to share that Julia Chin ้™ˆ็ขง่Œน, our Chief Regulatory Affairs Officer, spoke at the Symposium: Global Partnership for Digital Innovation, hosted by @10x1000Tech & @AntGroup ! ๐Ÿš€

Julia highlighted the innovative solutions Defy is developing to tackle pressing global chalKYC
๐Ÿ”ท Decentralised Cross-border payments
๐Ÿ”ท Micro/Nano DeFi solutions

Driving financial inclusion + fighting financial crime = a fairer world. ๐Ÿ’ช #Web3 #TechForGood #FinancialInclusion #DefiantForGood #Defy
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Financial services need to be built for women, not just include them. Defy aims to create a level playing field by not only developing new financial products but also by transforming the overall financial ecosystem in which these products operate.

Defy is building a financial igned to provide every individual with access to inclusive and innovative financial solutions through technology. Our goal is to raise $500k by 9 Dec 2024 to give 120,000 people access to financial solutions that will change the way they live.

Support our impact loan on Lend for Good: lendforgood.io/defy-2024/ #Defy #DefiantForGood
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๐ŸŽ‰ Missed our Live Q&A on the LendForGood impact loan? Catch up now on Vimeo to learn how we're driving change with technology designed for true financial inclusion. Watch and get inspired! vimeo.com/1028544426 #ImpactLoan #LendForGood #Defy #DefiantForGood #FinancialInclusion
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๐ŸŽ™๏ธ New episode of HKU Regulatory Ramblings out now! ๐ŸŽ‰ Dive in as Defy COO & SFF2024 Ambassador Eelee Lua discusses her expertise in risk & compliance, plus insights from her article on โ€œ๐˜พ๐™ž๐™ง๐™˜๐™ช๐™ก๐™–๐™ง ๐™๐™ž๐™ฃ๐™–๐™ฃ๐™˜๐™ž๐™–๐™ก ๐™„๐™™๐™š๐™ฃ๐™ฉ๐™ž๐™ฉ๐™ฎ โ€“ ๐™๐™๐™š ๐™ˆ๐™ž๐™จ๐™จ๐™ž๐™ฃ๐™œ ๐™‹๐™ž๐™š๐™˜๐™š ๐™›๐™ค๐™ง ๐™๐™ž๐™ฃ๐™–๐™ฃ๐™˜๐™ž๐™–๐™ก ๐™„๐™ฃ๐™˜๐™ก๐™ช๐™จ๐™ž๐™ค๐™ฃ.โ€ ๐Ÿงฉ Donโ€™t miss it! Listen here ๐ŸŽง hkufintech.com/regulatoryrambโ€ฆ #HKURegulatoryRamblings #FinancialInclusion #Podcast #Defy #DefiantForGood
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๐Ÿš€ Teaser alert! Weโ€™re thrilled to share a sneak peek of our financial inclusion initiative, set to empower 110,000 underserved people in just the pilot phase! ๐ŸŽฌ
Watch the trailer: canva.com/design/DAGU8IRโ€ฆ

Join our Live Q&A on Nov 11 at 11am SGT to learn more about our mission and act. Register here: lu.ma/r6a9w1d1

#FinancialInclusion #Defy #ImpactInvesting #FintechForGood #DefiantForGood
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Reminder of this.... Defy impact loan campaign on LendForGood with intermediary Lightwheel Advisors! ๐Ÿ™‹โ€โ™€๏ธ๐Ÿ“ทJoin us on Monday 11th November at 11am SGT for our Live Q&A. Register at this luma link lu.ma/r6a9w1d1 #Defy #DefiantForGood #FinancialInclusion
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Ecosystem infrastructure is essential for FinTech innovation. From regulation for new payment systems, or internet infrastructure for rural digital banking solutions, or partnerships and collaboration in token economies.

Solutions to complex problems cannot be developed in silo.
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Replying to @defy_fin
We are working on MPC to bring financial services to the underserved.

Cardano is primed to serve real users!

Find more details in our catalyst proposal:

cardano.ideascale.com/c/idea/121777.
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Replying to @defy_fin
โ€ข Programmable smart wallets: Smart wallets can have transfer limits or require 2fa. This can be built using MPC.

โ€ข Governance: Treasury management can be done without revealing exact holdings.

These are just some usecases that can be built using MPC.
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Multi-Party Computation & Privacy

Privacy is essential to building real-world applications.

A user's financial, medical, or usage data has to be kept private or it can be used against them.

Here is how we can bring private computation to Cardano:
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Replying to @defy_fin
The paper discusses CFI, the need for digital Identity verification, and our solution.

You can read it here: docs.google.com/forms/d/e/1FAIโ€ฆ

Also, check out our catalyst proposals:

x.com/defy_fin/statuโ€ฆ
Catalyst: Bridging the Financial Inclusion Gap

Billions worldwide lack access to financial services.

To address this, we're building a financial infrastructure stack using a Cardano sidechain, ZK, and MPC technology to help providers serve the underserved.

Learn more ๐Ÿ‘‡
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Replying to @defy_fin
โ€ข Decentralized Cross-Border Payments with compliance

โ€ข Trustless Asset Management: Using MPC to create programmable smart wallets that can manage assets without trusting any individual.

These are just some of the services that can be built; ultimately, the sky is the limit.
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DeFy Whitepaper is live!

Our goal with DeFy is to use crypto infra to provide financial services to the underserved.

We are working on sovereign identity, private computation with MPC & private verification using ZK proofs to build mass-market products.

Learn more ๐Ÿ‘‡
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Circular Financial Identity

The traditional financial system requires extensive compliance, excluding people without access to the necessary infra.

Let's understand their problems & then talk about how we can solve them using a Cardano-based digital identity solution.๐Ÿ‘‡
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Replying to @defy_fin
Privacy & Shareability

TradFi companies must comply with AML & data protection laws.

They have to perform ID verification while ensuring data privacy.

Operating globally requires them to share this information with third parties.
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Replying to @defy_fin
CFI offers a streamlined, secure, & user-centric approach to financial ID verification to enhance financial access for the underserved & create opportunities for those overlooked.

Learn more about how you can make this possible via Catalyst:

x.com/defy_fin/statuโ€ฆ
Catalyst: Bridging the Financial Inclusion Gap

Billions worldwide lack access to financial services.

To address this, we're building a financial infrastructure stack using a Cardano sidechain, ZK, and MPC technology to help providers serve the underserved.

Learn more ๐Ÿ‘‡
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Replying to @defy_fin
CFI is a modular identity framework designed for global compliance.

This digital solution allows banks and intermediaries to query & verify required information.

As a blockchain-based solution, it offers real-time settlements at a low cost.
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Replying to @defy_fin
Regulatory Fragmentation & Transparency

Companies must comply with laws that vary by jurisdiction, requiring a modular framework.

Furthermore, local banks require info such as the source of funds or beneficiary details. Without this, txns can be rejected or incur penalties.
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The SEC approved spot Ether ETFs!

Monumental decision for the cryptocurrency industry!

Congrats to all and we hope to see Ada ETFs soon๐Ÿ‘
BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening.

h/t @PhoenixTrades_
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