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 in January by Singapore Press Holdings...
Singapore has taken several measures to beef up cybersecurity after attacks in recent years.
A new multi-year roadmap is underway to identify next generation cyber-threats and develop the solutions and capabilities needed to secure Singapore’s connectivity infrastructure.
This was announced by Dr Janil Puthucheary, Senior Minister of State for Communications and...
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 opportunities as...
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 payment transactions for e-commerce.
A smart contract...
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 Smart Nation...
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 online financial inclusion platform that connects...
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 Ivan Tan...
Featurespace, an international provider of Adaptive Behavioural Analytics for fraud detection and risk management, has launched anti-fraud technology in Singapore. The company is working with 17 banks across continental Europe, the UK, US and Latin America. Their technology is also being embedded by payment processors and merchant acquirers who...
A dipstick poll conducted by financial services group DBS has revealed that SMEs in Singapore are looking to the government to give them a leg-up in supporting their business growth this year. Eight in 10 said they are expecting more business incentives to be announced at the upcoming Budget...
Singapore’s SMEs are still lagging in digital adoption and are not adequately prepared for the national transition to a digital economy, according to the fourth edition of QBE Insurance’s annual survey of Singapore SMEs. The results found that SMEs have been slow to take up cyber protection measures, digital...
