Ant Financial Services Group (“Ant Group”) announced on 27 May a cooperative effort with Intel to make it much easier and more cost-effective for SMEs to lease IT equipment, leveraging the application of blockchain technology to strengthen transparency and build a system of trust.
As part of Enterprise Singapore's Singapore E-Commerce Programme, Amazon is inviting local small and medium-sized (SME) retailers interested in making their products available to more customers and growing their businesses online, to sign up with Amazon.sg.
Eligible small and medium businesses qualify for a...
The Infocomm Media Development Authority (IMDA) and Enterprise Singapore (ESG) further expanded the range of pre-approved digital solutions on 15 May to help Small and Medium-sized Enterprises (SMEs) in the healthcare and education sectors manage the impact of COVID-19.
The new teleconsultation (video) solutions...
The speed of technological disruption is making it difficult for regulators to keep pace but regulatory response needs to be measured in order to protect innovation, according to a report from The Economist Intelligence Unit released in early 2020.
A fine balance: Regulations and...
DBS Bank joined Contour’s network on 11 May 2020, growing the number of banks on the blockchain platform driving a collective effort to digitalise global trade.
Built on R3’s Corda, Contour’s network focuses on digitalising processes, including the creation, exchange, approval and issuance of letter of credits...
The Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively, AMTD) announced on 13 May the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant (the Grant) to support Singapore-based FinTech firms amid the challenging business climate caused by the COVID-19...
DBS is pressing ahead with its efforts to support the digital transformation of Singapore’s logistics sector amid the COVID-19 situation, launching in early May the DBS Logistics Purchasing Card (“DBS P-Card”) – Singapore’s first cashless purchasing card for the logistics sector.
The DBS P-Card...
To support businesses impacted by the COVID-19 pandemic, Facebook and Instagram have lined up new features to direct people to gift cards from local businesses on the platforms and purchase them via select third party partner sites.
Facebook is testing a feature where people...
Prudential Corporation Asia (Prudential) and HR Easily (HReasily) signed a partnership agreement on 4 May to offer Prudential's Small and Medium Enterprises (SMEs) customers across Asia access to HReasily's human resource (HR) and benefits management platform.
This partnership with
HReasily, established in Singapore in 2015, underscores...
Besides the economic slowdown wrought by the COVID-19 pandemic, another issue that has raised concerns around the world is the security of the global food supply chain. This is especially significant for small countries like Singapore that rely heavily on food imports. As a result, recent border...
