Covid19

Singaporeans Encouraged to Hand Out E-Hong Baos for Lunar New Year

The Monetary Authority of Singapore (MAS) is encouraging Singaporeans to use e-hong baos, monetary gifts given in envelopes, during the coming Lunar New Year. This is in line with the safety measures currently in place due to COVID-19. E-hong baos

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Huawei and IDC’s Banking Resilience Index Uncovers How FIs Responded to COVID-19

A new whitepaper by Huawei and the International Data Corporation (IDC) looks at how banks around the world have responded to the COVID-19 pandemic and identifies the way forward in the new normal. In a report titled Banking Industry Rises

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COVID-19 Has Given All Fintech Verticals A Boost Except Digital Lending

The COVID-19 pandemic has given the global fintech market a boost, with firms in areas including digital custody, digital asset exchange, digital savings, wealthtech and digital payments recording above-average increases in transaction volume in H1 2020, according to a joint

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Four in Five Fintech Firms in ASEAN Set on Expanding Despite COVID-19

Despite disruptions brought about by the COVID-19 pandemic, four in five fintech firms in ASEAN will push ahead with their expansion plans in the next two years, this is according to a report by UOB, PwC and the Singapore Fintech

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Fintech Sees Strong Growth in South East Asia as COVID-19 Skyrockets Digital Adoption

Despite COVID-19 headwinds, Southeast Asia’s digital economy has remained strong and resilient, adding 40 million people into the online space this year. Owing to the surge in digital adoption by customers and businesses, usage of digital financial services has jumped

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DBS Makes Radical Shifts To Adapt to The Future of Work

DBS announced that it will be rolling out a series of initiatives to adapt to the future of work by addressing the massive changes brought about by COVID-19. These initiatives are a result of insights gathered from research, deep-dive experiments

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COVID-19 Impact Accelerates IoT Projects in Singapore

Companies in Singapore have identified the Internet of Things (IoT) as a key priority to address the impact of the COVID-19 pandemic, a new study by Vodafone Business has revealed. According to Vodafone Business’ IoT Spotlight 2020 report, 86% of

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Enterprise Open Source and the Future of Banking

Financial services are in the midst of a profound digital transformation, driven by technological advances, changing customer expectations, and the COVID-19 pandemic. The ongoing public health crisis has accelerated the shift to digital, and at this point, it is safe

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COVID-19 Has Caused Financial Regulators from Around the World to Prioritise Fintech

Amid COVID-19, central banks and financial regulators around the world are increasing their prioritization of fintech, with 85% of them indicating a high or increased focus on fintech in light of the pandemic, according to a new study by the World

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Singapore Organizations Adopt AI, ML Amid COVID-19 Induced Uncertainties

Amid the COVID-19 pandemic, Singapore businesses are turning to artificial intelligence (AI) and machine learning (ML) to manage consumer credit risk and deal with economic uncertainties, according to a new research by information services company Experian. Experian, which surveyed 3,000

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