Singapore grows trust in the digital environment

National Digital Trust Centre and co-creates the future of AI standards and governance. Josephine Teo, Singapore’s Minister for Communications, and Information announced the launch of the Digital Trust Centre (DTC) to lead Singapore’s research and development efforts for trust technologies, and support talent development in this space. She highlighted that as technology evolves, new…

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Singapore women in tech signs MOU with five polytechnics

The new committee aims to reach over 700 members annually. The Singapore Women in Tech (SG WIT), driven by the Infocomm Media Development Authority, and the five Polytechnics (Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic and Temasek Polytechnic) signed a Memorandum of Understanding (MOU) at the launch of the…

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Office workers in Singapore would consider quitting

77 per cent believe automation can help attract and retain talent. According to a new study commissioned by UiPath, a leading enterprise automation software company, most office workers in Singapore are feeling increased pressure at work due to colleagues resigning in the past year. As a result, close to half (48 per…

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Undertaking by Jade E-Services

The Organisation did not have sufficiently robust retention policies. Background  The Personal Data Protection Commission (the “Commission”) received a data breach notification on 11 September 2021 from Jade E-Services Singapore Pte. Ltd. (“Organisation”) following an incident where a marketing email was wrongly sent, because of an employee’s lapse. The marketing…

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MAS’ approach to the crypto ecosystem

Ravi Menon, Managing Director, Monetary Authority of Singapore talks about crypto. In the last two years, MAS has granted licences or in-principle approvals to 11 digital payment tokens service providers. They include global stablecoin players like Paxos, crypto exchanges like Coinhako as well as established financial institutions like DBS Vickers.…

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Investors to pour more capital into Asia Pacific data centres

Data centre investment surged to new highs in 2021. The rapid surge in data demand, fuelled by continued growth in cloud computing and social media use, is driving increased investor interest in Asia Pacific data centres, with investment in the sector soaring to record levels in 2021, according to the latest…

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DBS/POSB and MOE partner to broaden access to digital payments

The three-year MOU will expand the POSB Smart Buddy programme. DBS/POSB and the Ministry of Education (MOE) today announced a three-year Memorandum of Understanding (MOU) to widen the access to contactless and digital payments, in all junior colleges/Millennia Institute, secondary and primary schools in Singapore. DBS/POSB will install digital payment…

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Australia and Singapore to deepen collaboration in FinTech

The FinTech Bridge will support both FinTech ecosystems now and in the future. Australia Treasury and the Monetary Authority of Singapore (MAS) have signed the Australia-Singapore FinTech Bridge Agreement to strengthen cooperation between the FinTech ecosystems of both countries. The commencement of discussions to develop the FinTech Bridge was announced…

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Investigations into Yoshi Mobile for suspected cheating offences

Neo was also suspected to have abused the computer systems holding the customers’ personal data. The Personal Data Protection Commission (“PDPC”) has imposed a financial penalty of $US21,000 on Neo Yong Xiang (“Neo”), the sole proprietor of mobile phone retailer Yoshi Mobile. Neo had used customers’ details to register pre-paid…

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