New digital platform, named COSMIC. The Monetary Authority of Singapore (MAS) announced today that it will introduce a digital platform and enabling regulatory framework for financial institutions (FIs) to share with one another relevant information on customers and transactions to prevent money laundering (ML), terrorism financing (TF) and proliferation financing…
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Secretary for Innovation and Technology, Alfred Sit speaks about how IT enables the country. Under the new normal, all of us have been experiencing a new way of life enabled by I&T. And Logistics and Supply Chain MultiTech (LCSM), right from the beginning in our fight against the COVID-19 epidemic,…
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Sustainable initiatives to drive inclusion in today’s work. Environment at the Virtual Gartner ReimagineHR EMEA Conference 2021 Organizations that effectively manage the transition to a hybrid work environment and employ sustainable initiatives can boost inclusion by 24 per cent, according to Gartner, Inc. Prior to the COVID-19 pandemic, many of…
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Entire industries want to intelligently leverage data. Over the past decade, cloud computing has become the foundation for the delivery of mobile and content services as well as an alternative to traditional enterprise computing environments. As businesses pivot to a digital-first economy, cloud will continue to play an ever greater,…
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Increasing cybercrime sophistication and a boom in monetization and hacking tools. There has been a significant increase in the frequency and sophistication of cybercrime activity, including a 65 per cent rise in the use of hacking tools downloaded from underground forums and filesharing websites from H2 2020 to H1 2021.…
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Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies talks up fintech. Some analysts are projecting the revenue of FinTech companies tripling in the next 5 years, to around $US240 billion by 2026. In the first half of this year, the sector attracted a record $US98 billion,…
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Country has strength in digital infrastructure and the growth of its talent pool. The Digital Global Business Services (DGBS) industry has reiterated their confidence in Malaysia as an attractive investment hub. While active GBS companies accounts for approximately 20 per cent of total active MSC Malaysia companies, they are the…
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Commits to accelerating Malaysia’s digital transformation. The Board of the Malaysia Digital Economy Corporation (MDEC), Malaysia’s lead agency for digital transformation, is pleased to announce the appointment of Ts Mahadhir Aziz as its new Chief Executive Officer, effective 1st September 2021. He was previously the co-founder and CEO of Futurize…
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AI-powered solution supports city’s objectives of piloting emerging technology to improve municipality efficiency. To decrease the frequency of waste contractor visits to busy areas, the City of Melbourne has offered local residents and businesses subscription-based access to the large-capacity compactor facilities. With the compactor in place, Council then wanted to…
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The need to adopt a data-driven culture propels data analytics spending to US$21B. Decision-makers in Indian enterprises are investing in big data analytics to base decisions on real-time data during these turbulent times. Digitally determined enterprises demonstrate a forward-looking approach towards adopting these solutions, reflecting in spending growth of 11.5…
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