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...
Despite weathering some of the most challenging times ever faced in their entrepreneurial journey, Singapore’s SME community remains undaunted, with three-quarters of SME owners saying that they continue to be ‘optimistic’ and ‘determined’ to face the road ahead. However, in a sign of creeping...
For close to a decade, innovation in digital payments has helped close the gaps and address the challenges faced by both consumers and small and medium-sized enterprises (SMEs). Spearheaded by Fintechs globally, the creation of effective, low-cost, customer-centric solutions, has made financial services more accessible and helped...
Eighty-eight per cent of small and medium-sized enterprises (SMEs) in Singapore would consider switching some services to digital banks, according to a 2020 Visa Study on Digital Banking and SMEs in Singapore. These findings come as the Monetary Authority of Singapore (MAS) looks to...
SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) have signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally. The MOI looks at offering SWIFT’s community of more than 11,000 financial institutions and corporates in over 200 countries and territories more efficient and...
The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS), have announced an extension of support measures to help individuals and Small and Medium-sized Enterprises (SMEs) facing cashflow difficulties transition gradually to full loan...
Over 75 per cent of Malaysian businesses have embraced at least one FinTech product or service over the past 12 months, according to findings from a new regional survey of business FinTech usage by global professional accounting organisation CPA Australia. Mobile payments and digital wallets...
Singapore-based fintech solutions provider, InfoCorp, has launched the Sentinel Chain Consortium Programme to onboard strategic fintech and agritech partners onto Sentinel Chain - the world's first international platform to accept the use of livestock as collateral via a consortium blockchain. Southeast Asia’s poultry production...
The COVID-19 pandemic is proving a challenging time for businesses, who have to contend with declining sales, social distancing requirements, and a global economic slowdown. In this climate, according to Ng Li Lian, Head of Business Banking, HSBC, “managing their cashflow and liquidity will be critical every...
DBS has introduced an automated supplier procure-to-pay solution for the construction sector developed by Singaporean fintech Doxa. Named Doxa Connex, the payments solution is a first for the sector in Singapore and it aims to help main contractors improve cashflow management with their suppliers as well as...