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Despite the challenges facing Singapore businesses in an uncertain economic climate, nine in 10 businesses now recognize the importance of business transformation to maintain competitiveness and competency. Nearly two in three companies (66%) also view technology adoption as fundamental in transforming their businesses. Internationalization has picked up...
Convening alongside the annual World Economic Forum Annual Meeting in Davos, the International Chamber of Commerce (ICC) joined the Singapore Government and a growing consortium of key industry partners to accelerate the digitalization of global trade and commerce. The Singapore Government and major firms...
Singapore announced in January 2020 a set of new initiatives on AI governance to enhance consumer trust. These are an Implementation and Self-Assessment Guide for Organisations (“ISAGO”), a Compendium of Use Cases, and the second edition of the Model AI Governance Framework. They are key components of...
DBS has launched a solution to transform the largely cash and paper-based B2B payments and collections landscape for businesses in Singapore. The QR-code based solution is powered by DBS RAPID and DBS MAX and addresses Singapore’s aim of enhancing productivity by eliminating cheques by 2025 and going...
According to a survey by United Overseas Bank (UOB) conducted in late November 2019, there will be a focus among SMEs on boosting productivity as they grapple with a mixed business outlook in 2020. Digitalization, electronic payments and sustainability are among the other areas of focus for...
Aon plc , a global professional services firm providing a broad range of risk, retirement and health solutions, announced in January 2020 that it has completed the firm's acquisition of CoverWallet, a digital insurance platform for small and medium-sized businesses. Plans for the acquisition were announced in November 2019.
It seems almost a cliché to say that one’s business is committed to quality; after all, the products and solutions offered by tech companies form the foundations of both work and leisure in the modern world, and customers have come to expect rock-solid quality assurance.
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...