Standard Chartered announced on 28 January 2020 its investment into Contour, a blockchain-based open industry platform that will initially focus on digitally creating, exchanging, approving and issuing Letters of Credit (LCs), following the full commercialization of its offering and appointment of CEO Carl Wegner.
Mastercard has welcomed 10 fintechs from around the world to participate in its award-winning startup engagement program, Start Path, to scale the future of commerce. Mastercard will work with these companies through a six-month program to co-innovate and uncover opportunities that leverage Mastercard’s technology, expertise...
Green shoots in Healthcare and Transport & Storage, which emerged in 3Q and 4Q 2020, continue to gain momentum in 1Q 2021 and lead the broad-based recovery for SMEs across industries. SME cashflows largely returned to pre-Circuit Breaker levels in 1Q 2021, though challenges...
The annual value of business-to-consumer (B2C)  e-commerce exports in Singapore is estimated at S$1.4 billion in 2021 and could reach S$3.5 billion in 2026 if micro, small, and medium-sized enterprises (MSMEs) accelerate their pace of using e-commerce to sell overseas. Currently, MSMEs are estimated...
The Monetary Authority of Singapore (MAS) has announced that it will further extend the MAS SGD Facility for ESG Loans. This extension will complement the six-month extension of Enterprise Singapore’s (ESG) Temporary Bridging Loan Programme (TBLP) from 1 April 2022 to 30 September 2022.  
The Monetary Authority of Singapore (MAS), in partnership with the International Finance Corporation (IFC) and the United Nations Development Programme (UNDP), have launched an open financial education and action programme for micro, small and medium enterprises (MSMEs) in Asia and Africa. Known as the...
Ransomware remains a top cyber risk for organizations globally while business email compromise incidents are on the rise and will increase further in the 'deep fake' era. At the same time, the war in Ukraine and wider geopolitical tensions are a major concern as...
Google Singapore has announced several new initiatives to support more small and medium enterprises (SMEs) in their digital transformation. These include its Google Career Certificates (GCC) scholarship programme for SMEs, supported by Enterprise Singapore (EnterpriseSG) and SGTech. For a start, both organisations will help to award 15,000...
Microsoft's third annual Work Trend Index report, "Will AI Fix Work?" outlines three locally relevant trends from an external study of 31,000 people in 31 countries, including Singapore, as well as trillions of signals in Microsoft 365 and labour trends on LinkedIn. The advent of...
A report from Infosys Cobalt, together MIT Technology Review Insights with examines how cloud capabilities play a crucial role in accelerating the global economy's next stage of digital transformation, spanning cybersecurity, sustainability, AI, and more. The "2023 Global Cloud Ecosystem" report is based on in-depth...