On 1 November 2019, DBS Bank announced that it is making available a comprehensive suite of banking and professional services – at zero cost – that high-growth startups in the Software, Internet and Emerging Technology industries need. This is in recognition that Asia is...
OCBC Bank announced on 11 November 2019 their partnership with Google to bring a refreshed Google Pay app to Singapore in January 2020. The partnership will enable OCBC Bank customers to be the first in Singapore to make account-to-account PayNow fund transfers using the enhanced features of Google Pay.
Sage, a company offering cloud business management solutions, and Standard Chartered announced on 8 November a new partnership to provide small and medium-sized enterprises (SMEs) with access to tools, knowledge and funding that will simplify SME banking and support them in making more timely and insight-driven financial decisions at critical stages...
On 4 November 2019, OCBC announced that start-ups can now open an OCBC business banking account in Singapore immediately after incorporation, rather than experiencing the typical one day wait. This is made possible through an Application Programming Interface (API) between OCBC Bank and global information services provider, Experian. Once a business...
Venture investments in Singapore are reported to grow despite a slowing economy. Overall, a total amount of S$13.4 billion (+36%) was invested in startups across 437 deals from January to September 2019. Emerging interest in Deep tech startups Notably, Enterprise Singapore saw investments...
GoBear, an Asian financial supermarket, commissioned an online survey with over 4,000 respondents across four countries in Asia Pacific to better understand the financial health of people across the region. Specifically, the Singapore start-up wanted to identify common gaps around personal finance – from financial literacy, to...
Singapore Poultry Hub Pte Ltd announced in October 2019 their plans to set up the first smart and green factory for the poultry industry in Singapore using a $40 million loan secured from United Overseas Bank (UOB). The new factory is projected to help Singapore Poultry Hub improve their productivity by...
DBS Bank is collaborating with the Singapore’s tax authority, the Inland Revenue Authority of Singapore (IRAS), to digitalise tax payouts and collections as part of the nation’s target to be cheque-free by 2025. Beginning this year, businesses have been able to use PayNow, DBS’...
A study conducted by Microsoft Asia and IDC Asia/Pacific released findings which found that that organizations with AI expect to see 41% improvement in competitiveness in three years. The study also found that more than half (52%) of organisations within the region’s Financial Services...
Xero, the global small business platform, has recently announced a partnership with Stripe to develop new innovations that help small businesses get paid faster, in more ways, and gain more visibility over their business performance. The global partnership, announced at Xerocon San Diego 2019,...