Covid19

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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Finance Needs to Be Redefined for Good to Serve One Billion of Asia’s Unbanked

As a catalyst for digitalization, COVID-19 will further help improve financial inclusion in emerging economies, according to Wissam Khoury, head of international at Finastra. Home to an unbanked population of about 1 billions, Asia has experienced a boom in fintech

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Going Contactless in the Light of COVID

The current pandemic situation across the world is known to many by the back of their hands. There is no doubt that major cities at this stage, some at lockdown and while others are slowly reopening up their economies, are

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Assessing the Resilience of SMEs Through the Current Economic Recession

The COVID-19 pandemic has proved to be the perfect trigger to the current economic recession, but the global economy was already weak and debt levels were at all times high. When we published our annual report on the “Defaults and

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The Financial Situation of Asia After Corona

When the coronavirus first emerged in the region of Asia in January, many predicted that it would have a damaging impact on the region’s economies and potentially trigger a recession. However, few would have anticipated that coronavirus would evolve into

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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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