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...
The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) announced in early November the successful completion of its Business sans Borders (BSB) Phase One Proof-of-Concept (POC). MAS and IMDA will proceed with the Phase Two Pilot of the BSB in 1H 2020. BSB is...
This year’s Asia Pacific Internet Policy Insights survey reveals that nearly all consumers (96%) in APAC depend in some way on "Big Tech" companies for their products and services for their online activities, but are uneasy with this dependence. The findings of the survey indicate that users 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...
On 1 November 2019, DBS Bank announced that it is making available a comprehensive suite of banking and professional services – at zero cost – that high-growth startups in the Software, Internet and Emerging Technology industries need. This is in recognition that Asia is...
OCBC Bank announced on 11 November 2019 their partnership with Google to bring a refreshed Google Pay app to Singapore in January 2020. The partnership will enable OCBC Bank customers to be the first in Singapore to make account-to-account PayNow fund transfers using the enhanced features of Google Pay.
Sage, a company offering cloud business management solutions, and Standard Chartered announced on 8 November a new partnership to provide small and medium-sized enterprises (SMEs) with access to tools, knowledge and funding that will simplify SME banking and support them in making more timely and insight-driven financial decisions at critical stages...
Criteo, an international commerce marketing company, released on 5 November seasonal data which showed that Singles’ Day is still Singapore’s biggest shopping festival. Originating in China during the 1990s as celebration for single people, it has grown into a mainstream event and one of the most popular shopping days.
On 4 November 2019, OCBC announced that start-ups can now open an OCBC business banking account in Singapore immediately after incorporation, rather than experiencing the typical one day wait. This is made possible through an Application Programming Interface (API) between OCBC Bank and global information services provider, Experian. Once a business...