Singapore outlined plans in November to establish itself as a global hub for developing, test-bedding, deploying, and scaling AI solutions, as part of its National Artificial Intelligence (AI) Strategy. This was announced by Dr Vivian Balakrishnan, Minister-in-charge of the Smart Nation Initiative and Minister for Foreign Affairs, Republic of Singapore, at...
United Overseas Bank (UOB) announced on 26 November its collaboration with three homegrown solar companies, SolarGy, SolarPVExchange and Sunseap Group, to accelerate the use of solar energy in Singapore. The tie-up is part of the Bank’s U-Solar program which connects the entire solar power value chain...
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) jointly conducted a cyber-themed business continuity exercise in November 2019 to strengthen the financial sector’s resilience to cyber-attacks and operational disruptions. Codenamed Exercise Raffles, the sixth edition of the exercise was conducted over two...
Singapore and the Republic of Korea signed a Memorandum of Understanding (MOU) in November 2019 to enhance cooperation and information sharing on cybersecurity. The MOU was signed by Mr David Koh, Chief Executive, Cyber Security Agency of Singapore (CSA) and Mr Kim Seok-hwan, President, Korea Internet and Security Agency...
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...
The Monetary Authority of Singapore (MAS) announced in November that it has led the successful development of a blockchain-based prototype that enables payments to be carried out in different currencies on the same network. This prototype network, developed by MAS in collaboration with J.P....
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...
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...
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...
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...