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...
Doing Business 2019 is the 16th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Founded on the principle that economic activity benefits from clear and coherent rules on property rights, dispute resolution and protection of contractual partners,...
Infobip, a global cloud communication platform company for businesses specialising in omnichannel customer engagement announced on November 5 its partnership with AmBank Group, one of Malaysia’s largest banking groups. Infobip is part of AmBank's newly launched BizM.A.T.E (Multi-partner, Actionable, Technologically Efficient Solutions) with 16 other partners, offering small-to-medium enterprise (SME) client tools...
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.
United Overseas Bank (UOB) announced on 4 November the launch of UOB mCollect, a QR-based collections solution that digitalizes the cash-on-delivery model. With UOB mCollect, businesses will be able to collect payments from their buyers via PayNow at the point of delivery, helping them reduce the risk...
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...
CIMB Bank Berhad, Singapore branch ("CIMB") announced in November its collaboration with SESAMi Holding and Capital Match, to finance the SESAMi trading community's invoices digitally under an automated workflow.   SESAMi Holding, an e-procurement platform in Singapore acquired Capital Match, an invoice financing marketplace with operations in Singapore and...
The Infocomm Media Development Authority (“IMDA”) and Microsoft signed a Memorandum of Intent (MOI) to accelerate the development of Singapore’s 5G ecosystem. The MOI was announced by Minister for Communications and Information, Mr S Iswaran, at the launch of Microsoft’s global-first Experience Center Asia housed at their new Asia Pacific Regional Headquarters...
Technology is a key driver for business growth and workforce productivity but a study by Microsoft found that Small and Medium Businesses (SMBs) in Asia are not upgrading their computing systems and strategic IT applications such as cloud and mobility fast enough. More than a third of...
Trend Micro Incorporated, a global cybersecurity company, has announced its 2020 predictions report, which states that organizations will face a growing risk from their cloud and the supply chain. The growing popularity of cloud and DevOps environments will continue to drive business agility while exposing organizations, from enterprises to manufacturers, to third-party...