Small and medium sized enterprises (SMEs) which make up the backbone of Singapore’s economy are increasingly turning to digital transactions to collect money from their customers.DBS has seen a 70% increase in digital transactions from its SME customers and 25% increase in transaction value since the bank...
The past decade has seen rapid evolutions, brought about by the accelerated digitisation of the world economy. Across Asia Pacific, people, businesses and even the public sector are collecting more data more rapidly than ever before.
In Singapore, digital transformation and smart nation initiatives...
Research by DBS on digital transformation found widespread enthusiasm among companies to digitalise customer experience and engagement but they faced significant challenges in achieving success.The findings were based on a global survey of 1,225 executives from commercial and finance/treasury teams across 22 markets in APAC, Europe and...
Deloitte has released the Technology-empowered Digital Trade in Asia Pacific report, highlighting the latest trends on cross-border trade in the region as it moves towards a more digitalized, greener and more sustainable future, where small and micro businesses play a vital role.
Based on a...
Infor, an international provider of business cloud software specialized by industry, announced on 19 December that Australian retailer Coles has chosen Infor Nexus for its global trade platform to create enhanced international supply chain visibility for the organization.
The deployment of the global trade platform, planned in...
The pandemic has revealed the importance of a deliberate, digital-focused invoice management strategy to build stronger resiliency. Such a strategy can improve business clarity, reduce delays and errors caused by manual data entry, and free up cash for the business especially in crucial times.
The Monetary Authority of Singapore (MAS) announced the commencement of the Payment Services Act (PS Act) on 28 January 2020. The new PS Act will enhance the regulatory framework for payment services in Singapore, strengthen consumer protection and promote confidence in the use of e-payments.
Trend Micro Incorporated, a cybersecurity solutions firm, recently released its 2018 Security Roundup Report, which depicts a threat landscape that has evolved heavily in both approach and tactic. Singapore was the most vulnerable country in Southeast Asia (SEA), with over 3 million malicious URLs hosted locally and...
The COVID-19 outbreak has prompted Singaporeans to embrace more digital services when taking charge of their finances - and this is a shift that the majority believe will stick post-pandemic, a survey by personal finance website SingSaver found.
Conducted in June, the survey analysed...
Small and medium businesses (SMBs) are among the many casualties of the pandemic. Aside from keeping their cash flow moving despite the multiple and recurring lockdown measures, this segment has also been a target of malicious criminals online.
Based on Kaspersky’s IT Security Economics 2020 survey,...
