Expansion

In the first edition of Xero Community, organised by accounting software company Xero, small and medium businesses in Singapore got together to decode the 2019 Budget. The Xero Community is a quarterly series of events to provide a platform for local SMEs to learn, connect and take...

Six Singapore-based fintechs - Grab, Funding Societies, InstaReM, KyberNetwork, Ten X and Singapore Life - make it to KPMG’s 2018 Fintech100 list for the first time. Grab, the popular ride-hailing platform that evolved to become an offline to online mobile platform targeting consumers; Funding Societies, an...

A new report by S&P Global Ratings has indicated that embracing financial technology (fintech) and the innovations it heralds will improve the long-term competiveness of Singapore's banking industry.According to the report titled "Singapore banks must adapt to fintech or lose out", the global rating agency's credit analyst...

Featurespace, an international provider of Adaptive Behavioural Analytics for fraud detection and risk management, has launched anti-fraud technology in Singapore. The company is working with 17 banks across continental Europe, the UK, US and Latin America. Their technology is also being embedded by payment processors and merchant...

Good news for SMEs in Singapore. The government has set aside an additional S$100 million (US$74 million) for small and medium-sized enterprises (SMEs). This was announced by finance minister Heng Swee Keat in Parliament during his annual budget speech. The fund, dubbed SME Co-Investment Fund III, will...

A dipstick poll conducted by financial services group DBS has revealed that SMEs in Singapore are looking to the government to give them a leg-up in supporting their business growth this year. Eight in 10 said they are expecting more business incentives to be announced at the...

Singapore’s SMEs are still lagging in digital adoption and are not adequately prepared for the national transition to a digital economy, according to the fourth edition of QBE Insurance’s annual survey of Singapore SMEs. The results found that SMEs have been slow to take up cyber protection...

Beehive, a digital platform providing finance solutions to businesses, financial institutions and investors is partnering with Thailand’s Thanachart Bank to launch a digital supply chain that provides improved liquidity for SMEs in Asia.  "It is our strategic direction to enhance our digital technology capability to...

The Singapore Management University (SMU) and Alibaba Cloud have launched a series of courses to upskill more than 1,000 working professionals in Singapore. Formalised at a Memorandum of Understanding signing ceremony, the ‘SMU-Alibaba Series’ professional continuing education programme is the first of its kind for Alibaba Cloud...

Lufthansa Innovation Hub (LIH), the digitalisation and innovation unit of the German airline, has recently launched its first foreign office in Singapore. LIH Singapore will focus on market developments in the digitalisation of travel and establish a network of strategic partners.