Standard Chartered announced in January 2020 the launch of SC GPI Track, a publicly accessible portal that offers the ability to trace all cross-border payments cleared through the Bank’s major clearing centers to its clients, as well as to their corporate and retail clients. This makes them the...
Southeast Asian Businesses must be prepared for the age of voice-first everything. Would you buy a product or service from a company you have not heard of but was recommended by your voice-based personal assistant? Well, 46% of consumers in Southeast Asia recently surveyed said they would.
The Singapore Business Federation (“SBF”) and V3 Fintech Pte Ltd (“V3 Fintech”), the digital financial services unit of Singapore SME V3 Group Limited (“V3”), announced in December 2019 the establishment of Beyond Lab, a regional digital academy focused on supporting SMEs in adopting digital technology to increase...
Recent technologies such as cloud and the Internet of Things (IoT) have disrupted the business landscape, leveling the playing field for small medium businesses (SMBs) to compete with established industry players in today’s digital economy. With SMBs making up 99% of Singapore companies, contributing 50% of the...
Lux Research – a provider of tech-enabled research and advisory services – has issued a new report, "State of Innovation in Asia: Key Industries and Players Shaping Asia's Innovative Ecosystem." This report comes in the wake of Asia’s recent innovation boom in terms of R&D spending,...
As Joseph Pine and James H. Gilmore stated in the 1998 article “Welcome to the Experience Economy”: “From now on, leading-edge companies, whether they sell to consumers or businesses, will find that the next competitive battleground lies in staging experiences.” The experience thus becomes the relevant unique selling point that is decisive for...
Cloud Comrade, an enterprise-focused, Singapore-based cloud computing consultancy company and Google Cloud have joined forces to help ICT SMEs in Singapore take advantage of opportunities in a Services 4.0 era via GoCloud with Cloud Comrade, an Infocomm Media Development Authority (IMDA) initiative. The GoCloud initiative by IMDA...
According to Lux Research, a provider of tech-enabled research and advisory services for technology innovation, the increasing prevalence of chronic disease, rapidly aging populations, and huge middle-class growth in developing economies are combining to push the growth in global healthcare expenditure from 2.4% in 2015 to an...
United Overseas Bank (Malaysia) Bhd (UOB Malaysia) and The FinLab announced in December 2019 that the small- and medium-sized enterprises (SMEs) that have completed the Jom Transform Program are expected to see productivity rise by up to 30 per cent through digitalization. The Jom...
At Singapore Fintech Festival 2019, held at The EXPO from 11-15 November 2019, a number of international experts of diverse background and experience shared their views on the Blockchain technology. One speaker was Mr Victor Vu, Head of Research and Development of CSE Technology, a Singaporean company...