According to a survey commissioned by Financial Technology group ayondo, about one in four (26%) retail investors are considering Social Trading in 2018. In the survey of UK retail investors conducted by OnePoll, participants are quizzed about their investment habits, along with what they felt were the main barriers to success in the stock markets. The results indicate that many people are leaning towards Social Trading because they find traditional investing overcomplex and time-consuming. When asked what prevented them from being more successful investors, almost half (44%) cited their lack of knowledge and experience of the markets, while a third…
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Leonardo Render has begun an official foray into the Asian blockchain market, starting with a presence at the MARVELS World Blockchain Summit in Seoul, Korea June 18-19, 2018. MARVEL is a globally minded conference is a meeting of entrepreneurs, IT and business interests, federal agency representatives, and other blockchain and cryptocurrency industry thought leaders. Leonardo Render is currently partnering with peers and innovators in talks and meetings during this conference. Leonardo Render will continue to delve into the Asian blockchain market with appearances at additional Asian conferences and roadshows. Specifically, they will be meeting with stakeholders in China at as…
CrowdStrike, a cloud-delivered endpoint protection, announced that the company has executed a financing round of over $200 million, led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG. Following this round, the company has achieved a valuation of more than $3 billion. This round of financing will help CrowdStrike continue to accelerate the global demand for the CrowdStrike Falcon platform, the new standard for endpoint protection. With explosive growth and strong customer and industry validation, CrowdStrike is demonstrating that its pioneering cloud-based approach is the future of endpoint security. Earlier this year, Gartner positioned CrowdStrike the…
Sentinel Protocol – a crowdsourced threat intelligence platform built on the blockchain, announced that is has raised US$ 27 million from investors including DraperDragon, Boost VC; and a public sale. Sentinel Protocol is building a blockchain-based threat intelligence platform that defends against hacks, scams, and fraud using crowdsourced threat data collected by security experts and Artificial Intelligence. To improve crypto asset security, specifically, the decentralized Threat Reputation Database (TRDB) will be available as a free API to crypto exchanges, wallets and payment services in 2018 Q3. Instant threat data sharing and defense line among platform participants will prevent the use…
Singapore loses its #1 place to the US this year but is the only Asian country in top 10 despite dropping a place from last year. This year the majority (29) of countries in the study (63) experienced an improvement in their level of digital competitiveness USA tops IMD World Digital Competitiveness Rankings 2018 followed by Singapore, Sweden, Denmark and Switzerland The leading Asia-Pacific countries this year are Singapore (2nd), Hong Kong (11th), Korea (14th), Taiwan (16th), Japan (22nd) Most of the countries in the study experienced an improvement in their level of digital competitiveness, yet Southeast Asia nations…
As part of continued efforts to elevate customer convenience through digital transformation, 7-Eleven partners with FinTech start-up, soCash, to offer cash withdrawal via the latter’s mobile app. This cardless cash withdrawal service has been available at all 7-Eleven stores from 1 June 2018. The collaboration will see soCash’s proprietary digital cash circulation platform integrated into 7-Eleven’s retail network of more than 370 stores island-wide. This will enable customers to effortlessly withdraw money, with the condition of any in-store purchase, while using just their soCash app on their smartphone. The app, which was launched by soCash in 2017, works by selecting…
Wirecard is expanding its B2B portfolio with services based on blockchain. The blockchain forms the basis for a highly efficient global network. For example, between producers and processors of raw materials such as coffee, crude oil or steel – markets in which agreements on payments can be made in future without intermediate steps. Wirecard is expanding its existing digital payment and banking platform with the supply chain payment solution based on blockchain technology. The prototype focusses on linking merchants with producers, capturing all business processes in so-called “smart contracts” – digital contracts based on blockchain – while minimizing the risk…
DBS has launched Southeast Asia’s first virtual bank recruiter, Jim, to help its recruiters hire wealth planning managers more efficiently. The bank is looking to hire 40% more wealth planning managers this year to support its rapidly growing wealth management business. In pilot since April this year, Jim has helped DBS recruiters to review resumes, collect applicants’ responses for pre-screening questions, and conduct psychometric profiling assessments on candidates. Recruiters tend to spend up to 20% of their time collecting information and responding to emails before meeting with shortlisted candidates. By automating the pre-screening process, Jim will help save some 40…
ZEEPIN, a decentralized blockchain ecosystem for creative industries, has announced a community meetup in Singapore, June 19. The theme of the meetup has been dubbed “The Design of Business, Business of Design,” and will focus on how to harness the power of blockchain technology in creative industries. Other talking points will be ZEEPIN’s new economic model for creative industries, and how this model can help commercialize creativity in new and exciting ways. ZEEPIN’s Founder & CEO Zhu Fei will also attend the event. Fei will present “Why creative industries need ZEEPIN?” and will demonstrate the real-world use cases of…
The digital insurer FWD and DBS Bank collaborating to provide electronic payment of claims via PayNow. PayNow is an electronic fund transfer service available to customers of any of the seven participating banks: Citibank Singapore Limited, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, and United Overseas Bank. FWD customers who wish to receive payments via PayNow, simply need to provide their PayNow registered mobile number or NRIC number for the funds to be transferred to their account. “Many insurers make their claims payouts via cheque – and this has led to unnecessary delays and even lost cheques. PayNow…
Schroders announced at its inaugural “Schroders Innovation Day” the official launch of Schroders GO, the asset management industry’s first online chatbot operating through Facebook Messenger, after successful beta testing that began in January 2018. Schroders GO offers real-time communication to the firm’s intermediary client base, allowing clients to access information on all mutual funds recognised for sale in Singapore – not just Schroders’ – as well as financial markets and market views, without the need to download an additional app. The chatbot will gradually become accessible to most of Schroders’ intermediary clients in Singapore. Lieven Debruyne, CEO Schroders APAC, said: “Today’s…
Blockchain is an innovative tool capable of permanently transforming our societies as well as the relationships between individuals, organizations and states. The technology relies on a chain of “blocks” (digital containers) capable of storing all sorts of information: transactions, contracts, title deeds or even works of art. Blockchain enables the creation of transparent and decentralized networks that are independent of a centralized body or a third party. Blockchain, therefore, includes the following advantageous characteristics: Security: The decentralized framework and the blocks’ codes guarantee the absolute security of the information. Disintermediation: The concept of “consensus” replaces any of centralized validation. Autonomy:…
When digital assets entered the financial scene in 2016, many people were wary of the new innovation which, at that time, was downright unpopular. However, after studying the technology behind digital assets, I decided to invest in them and follow their progress. My decision to do so was largely informed by a desire to see capital formation being decentralized. How an ICO Management Support System can Transcend an Advisory Role This is because, in the period leading to the assent of the Jumpstart Our Business Startups (JOBS) Act, I was part of the movement that lobbied for the approval of…
innovfest unboundSoutheas 2018, one of Asia’s largest innovation festival, wrapped up the fourth edition of its annual two-day event at Marina Bay Sands Expo and Convention Centre in Singapore this week. The event, jointly organized by Unbound and NUS Enterprise, the entrepreneurial arm of the National University of Singapore, and in partnership with Infocomm Media Development Authority (IMDA), played host to 13,487 attendees from over 100 countries. innovfest unbound saw an increased number of foreign and local dignitaries at the event, including Singapore’s Minister for Communications and Information, Mr S. Iswaran, who kicked off the opening ceremony. Progressive and pro-innovation regulations are crucial for Singapore to achieve its goal of…
OCBC Bank and StarHub are jointly developing Singapore’s first loyalty alliance so Singaporean consumers will be able to exchange, consolidate and redeem loyalty rewards – such as rewards points and air miles – earned from market-leading partners across industries. Set to launch later this year as the next step of the ‘We Economy’ initiative that the two companies have jointly announced, the Coalition Loyalty Programme aims to bring on board key players from ten industries – financial services, telecommunications, travel, insurance, retail, hospitality, food and beverage, grocery, petrol and transport. Consumers will be able to utilise this first-of-its kind cross-industry…
The African Development Bank, together with partners – The Rockefeller Foundation, Microsoft, and Facebook –launched the Coding for Employment Program at the African Innovation Summit in Kigali, Rwanda. By training youth in demand-driven Information and Communications Technology (ICT) curriculum and matching graduates directly with ICT employers, this new program prepares Africa’s youth for tomorrow’s jobs and unleashes the next generation of young digital innovators from the continent. Coding for Employment will create over 9 million jobs and reach 32 million youth and women across Africa. The Coding for Employment Program is at the center of the African Development Bank’s Jobs for Youth in…
The executive board of the Swiss software company AdNovum has appointed Leonard Cheong as managing director of AdNovum Singapore. Leonard Cheong joined AdNovum Singapore on March 1 and took over the position in May 2018, succeeding Moritz Kuhn. In his role as a managing director, he will focus on business development and sales to expand the business both locally and regionally. Leonard Cheong is an accomplished manager with 28 years of experience in the area of program and sales management within the IT industry. His career spans across institutions in the public sector and major corporations such as IBM, HP…
JLL Spark,announces today the creation of JLL Spark Global Venture Fund, which plans to invest up to US$100 million in companies focused on leveraging technology to improve everything from real estate development and management to leasing and investing, while enhancing the experience of those who occupy it. The fund will help entrepreneurs and their companies by connecting them with JLL’s business lines and clients for insightful feedback and product distribution. According to a recent report by JLL and Tech in Asia, proptech start-ups in Asia Pacific are outpacing their counterparts in Europe and the United States with 179 of them raising around US$4.8…
Government investment will drive a broad-based improvement in countries’ tech-readiness in the next five years, is the key finding of Preparing for disruption: Technological Readiness Ranking, a report released tJune 5th by The Economist Intelligence Unit. Spending on e-government, cyber-security and a robust e-commerce environment will increasingly be seen as a policy priority. This report builds on the success of The EIU’s long-running Business Environment Ranking, which measures the attractiveness of 82 of the world’s largest economies as investment locations. The EIU’s new ranking focuses on how future-oriented these 82 business environments are. It assesses eight indicators across three categories: Access…
OCBC Bank claims to be the first Singapore bank to roll out a digital instant account-opening service for all customers who are Singaporeans or permanent residents. Even if you do not currently have any relationship with OCBC Bank, you can leverage national data repository MyInfo and – for the first time – OCBC Bank’s real-time, digital KYC process (e-KYC) to open an OCBC 360 Account using your mobile device or desktop. It all takes less than five minutes via the bank’s website, with no need to visit a bank branch or provide documents. Verification and authentication happens in real time;…