Personal Finance
What is Fintok and how it can mislead Teens?
By Taby  •  July 16, 2021
Apart from bringing entertainment to viewers through dancing, lip-syncing, comedic skits and the use of various filters, there is another rising realm within this growing Tiktok community. Conveniently tagged as FinTok or StockTok, these are where users post about financial tips and pieces of advice to the public. The short duration of each video works in favour of the creators, as it makes such dry content much more digestible and most of the time, lighthearted. Topics covered by these videos range from money hacks, definitions of big economic terms, to weekly stocks and investment picks. Although being exposed to financial knowledge at a young age is great, the many unfiltered financial contents can also cause misconceptions in younger users. Here are the reasons why!
  1. Creators may not be Experts
Creators giving their advice may not be financially qualified and instead just expressing their personal opinion on what works for them!...
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By Taby
Taby was started by Jun Yi and Ann Qi in Stockholm under the NUS Overseas colleges, an enterprise arm of the university. During our stint in Sweden, we observed an increasing trend of card and digital payments in Stockholm and across Europe. Further research led us to uncover the prevalence of this wave of payment methods in the U.S. and parts of Asia across different types of markets. Both of us quickly saw the opportunity of this application in the teens market and we decided to form a team consisting of 4 NUS students to make it a reality.
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