Disruption and Digitalisation

More than a third of wealth management clients plan to switch providers in next 3 years: EY
SINGAPORE (May 9): More than a third of wealth management clients across Asia-Pacific have plans to switch providers over the next three years, the EY 2019 Global Wealth Research report found. This is because wealth management relationships are undergoing a significant period of change, driven by emerging digital solutions, new digital habits and changing definitions of what clients ...
Grab explores spinning off financial services business: sources
SINGAPORE (May 8): Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business as it looks to spin off the unit, according to two people familiar with the matter. Grab has adopted an aggressive strategy to expand its range of services, from transport to food delivery and payments, as it races ...
Investors can now open CDP accounts online without paper documents
SINGAPORE (May 6): Investors can now open an individual Central Depository (CDP) account with Singapore Exchange (SGX) online, without the need to provide paper documents. Applications for CDP accounts can now be submitted online, enabling greater convenience and security for retail customers. For Singapore citizens and residents, they can leverage MyInfo – a government digital service ...
After all the talk about digitisation Asia Pacific businesses are still lagging behind, finds survey
SINGAPORE (May 2): Despite acknowledging the significance of digital transformation as a stepping stone to achieve their business goals, Asia Pacific businesses are still suffering from a lack of digital competencies, according to new research by the Economist Intelligent Unit (EIU). Commissioned by digital performance company Riverbed, the study is based on survey results from over 500 senior ...
Ascott transforms digital ecosystem to support expansion
SINGAPORE (Apr 23): The Ascott Limited, CapitaLand’s wholly-owned lodging business unit, is embarking on a digital ecosystem transformation to support its expanding global lodging portfolio. The company aims to drive revenue growth, improve operational efficiency and enhance value to its customers and business partners through a comprehensive front-to-backend systems makeover. As part of ...
3 tech hurdles faced by Singapore's businesses despite being most digitally mature
SINGAPORE (April 16): Small and medium businesses (SMBs) in Singapore has emerged top among 14 Asia Pacific countries in Cisco’s APAC SMB Digital Maturity Index, but not without facing challenges in their digital transformation journeys. According to the Index results released by the security firm today, the top three hurdles cited by respondents was a lack of digital skills and talent ...
Singapore among world's top digital economies but ranks worst at meeting psychological needs: Survey
SINGAPORE (April 4): Despite widespread utility of digital services across the globe, a range of basic, self-fulfillment and psychological needs are still failing to be met, suggests a recent survey by Dentsu Aegis Network in partnership with Oxford Economics. Based on the Digital Society Index 2019: Human Needs in a Digital World report released on Thursday, a survey of over 43,000 people in ...
DBS, SIA partner to enhance digital capabilities for seamless banking and travels
SINGAPORE (Mar 27): Customers can now look forward to booking their holidays – flight tickets, hotels and travel insurance – on the soon-to-be-launched DBS Travel Marketplace, on a single integrated platform. This came about as DBS Bank and Singapore Airlines (SIA) today signed a memorandum of understanding (MOU) to enhance digital capabilities across various digital platforms, enabling a ...
Singtel launches more digital services amid disruption in the telco industry
SINGAPORE (Mar 25): Not too long ago, the banks started pushing out credit cards to court mobile phone-wielding millennials with cash backs, dining discounts and travel perks. Now, Singapore’s largest telco is taking a leaf from their playbook. “We are going to go big on digital and lifestyle,” says Yuen Kuan Moon, CEO of Consumer Singapore at Singtel. Already, the telco offers a ...
Yum China banks on robot servers, AI menus to defy slowdown
(Mar 6): KFC’s owner in China is pushing ahead with expansion plans, opening two stores a day in the world’s biggest consumer market and banking on technology to help it cut costs, even as carmakers and industrial companies signal demand there is deteriorating. Yum China Holdings Inc, the nation’s biggest fast-food chain, which operates the KFC and Pizza Hut brands, is launching new ...