Small and medium sized enterprises (SMEs) which make up the backbone of Singapore’s economy are increasingly turning to digital transactions to collect money from their customers.DBS has seen a 70% increase in digital transactions from its SME customers and 25% increase in transaction value since the bank...
Deskera, Asia's leading Cloud-based platform, and Funding Societies, Southeast Asia's largest Peer-to-Peer (P2P) financing platform, is entering into a partnership with the aim to support underserved SMEs by providing alternative financing solutions. With the two organisations working together, SMEs will also be able to take a step...
CIMB Bank Berhad and CapBridge Pte Ltd have signed a memorandum of understanding to facilitate capital raising and trading of shares for private companies through the CapBridge investment platform and the 1exchange private securities exchange. This MOU will see CIMB Bank and CapBridge collaborating to offer the...
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,...
The State Bank of India is planning to expand its market in Singapore by enhancing its relationship across small and medium enterprises (SMEs) some of which have strong footholds across Asia Pacific.
Acknowledging the stiff competition from fintech companies, the SBI is also contemplating...
Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), an agency under the Ministry of Entrepreneur Development inked two Memorandum of Understandings (MoUs) with Telekom Malaysia Berhad (TM) and Commerce.Asia respectively to complement SME Bank’s transformation agenda. Through the partnership, SME Bank aims to create the National...
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...
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...
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...
