One Ring to rule them all, One Ring to find them, One Ring to bring them all, and in the darkness bind them – J.R.R. TOLKIEN. About a month ago, I started noticing different banks prompting me to consolidate financial data from other banks using a new “thing” called the SGFinDex. Singapore Financial Data Exchange, or SGFinDex, is an initiative by Singapore’s government to build a standardized infrastructure to allow individuals to retrieve our personal financial information from participating banks and relevant government agencies. Solving the Right Problem Before the streaming wars, there were the high-yield savings account wars in Singapore. With a savings rate of 53.8%, Singapore ranked 6th on the top ten countries with the highest savings rate. We are a nation of savers. And the banks know it too. They smell blood – they want to capitalize on our love of hoarding green cash. Hence, every local and foreign bank offered numerous high yield savings account up to 3.8%...