Covid19

Singaporean Businesses Slow in Embracing Finance Transformation, SAP’s Survey Finds

Despite widespread adoption of remote working and digital transformation, finance transformation is still lagging amongst Singaporean businesses, resulting in companies losing US$340 million (S$473 million) annually to inefficiencies and manual processes, according to a new study commissioned by SAP Concur.

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Steps to Go Cashless With UQPay as We Overcome COVID

As we embark on the second of the three-phased approach to resume economic activities safely, many businesses in Singapore are still expected to experience significant challenges due to the series of restrictive measures and health advisories implemented to ensure the

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SingSaver Finds More Boomers Shifting to Digital Banking Post COVID-19

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

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Financial Fitness and Digital Banking in the Times of COVID-19

The COVID-19 pandemic is forcing consumers to turn to digital channels. Now more than ever, banks must accelerate their digital transformation and focus on delivering tools their customers need for financial self-help, according to a new report by Meniga. In

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IDC Reports Worldwide Blockchain Spending to Slow Down to US$ 4.3 Billion in 2020

According to the April update of the IDC Worldwide Blockchain Spending Guide Worldwide and Asia Pacific blockchain spend will decline in 2020 as compared to the pre-COVID-19 forecast scenario. The report captures data from all Asia Pacific countries except Japan.

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Protecting Your Wealth During the COVID-19 Pandemic

With the recent outbreak of COVID-19, the world has certainly turned around. In fact, it’s probably the most severe crisis we have faced in decades. Not only has it impacted our health, but many individuals are concerned about their wealth

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B2B Forex Tech Provider Koku Targets Southeast’s Non-Bank Financial Institutions

COVID-19 continues to spread around the planet with now more than 7.3 million reported cases, including over 416,000 deaths, according to the latest data from the Johns Hopkins University. In Southeast Asia, Singapore has one of the highest infection tallies,

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OCBC’s Virtual Wealth Advisory Service Sees 45% in Sales During Circuit Breaker

On 18 April 2020, with the Circuit Breaker period still in effect, OCBC Bank took the highly-regulated wealth advisory process – a complex face-to-face process involving over 50 pages of documents and a comprehensive Financial Needs Analysis (FNA) – online.

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How Singapore is Helping its Fintech Stay Afloat During the COVID-19 Crisis

In Southeast Asia, Singapore has been leading the way when it comes to fintech innovation. As of late 2019, the city state was home to more than 600 fintech firms, which had attracted over half of total funding for the

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MAS Launches S$1.75 Million Challenge for a Pandemic-Resilient and Greener FSI Sector

The Monetary Authority of Singapore (MAS) announced on Monday the launch of a S$1.75 million MAS Global FinTech Innovation Challenge. The competition will seek innovative solutions that can help financial institutions respond to two critical global challenges: COVID-19 and climate

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