Six Singapore-based fintechs - Grab, Funding Societies, InstaReM, KyberNetwork, Ten X and Singapore Life - make it to KPMG’s 2018 Fintech100 list for the first time. Grab, the popular ride-hailing platform that evolved to become an offline to online mobile platform targeting consumers; Funding Societies, an...
Tech startup Zowedo Pte Ltd has launched an online platform, of the same name, for consumers in Singapore. The company has a mission to democratise the service industry by connecting SMEs to customers. Four months after the soft launch, Zowedo currently offers over 400 service listings and...
A new report by S&P Global Ratings has indicated that embracing financial technology (fintech) and the innovations it heralds will improve the long-term competiveness of Singapore's banking industry.According to the report titled "Singapore banks must adapt to fintech or lose out", the global rating agency's credit analyst...
Singapore-based startup CSE SG has unveiled the new generation Smart Contract 2.0 - featuring multi-contractual conditions and multi-industry applications running under the revolutionary, super-fast blockchain 3.0 technology. The new generation Smart Contract 2.0 has been applied to the field of finance globally, enabling ICOs, STOs and...
As part of the ongoing review of the Personal Data Protection Act 2012 (PDPA), Singapore intends to introduce a data portabilityrequirement. As data portability is a recent global development, a Data Portability Discussion Paperhas been issued to provide greater clarity of its benefits in support of a...
Businesses in Singapore recognise the importance of sustainability as a driver of reputation, growth and profitability, yet have not fully converted sentiment into meaningful action, a HSBC report has found. Not having a stronger approach to Environmental, Social and Governance (ESG) is also simultaneously impacting corporates’ financing...
Singaporean multinational banking corporation United Overseas Bank (UOB) and OctoRocket.asia (OctoRocket), a business to business e-commerce platform, have signed a Memorandum of Understanding (MOU) to enable small businesses in ASEAN on OctoRocket to apply for financing quickly and easily.  OctoRocket, a joint venture launched...
The National Trades Union Congress' (NTUC) Employment and Employability Institute (e2i) has launched a closed portal for heads of small and medium-sized enterprises (SMEs), with modules specifically tailored for business owners and directors. The portal is part of the existing platform U Leap, or...
SingSaver, a Singapore-based financial comparison platform, has identified cashback as the number one reward women look for when choosing a credit card. The survey of women aged 21-55, which includes millennials, also sheds light on women’s changing attitudes to personal finance and indicates a shift towards greater...
Singapore Management University (SMU) Academy and Straits Interactive, a specialist in data privacy, recently announced the integration of virtual reality (VR) technology and software tools into its data protection courses, starting with the new Practitioner Certificate in Personal Data Protection (Singapore) Preparatory Course. Developed by the Personal...