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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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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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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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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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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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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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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COVID-19 epidemic in Singapore caused difficulties in communication between the two countries. Digital transformation and upgrading is the driving force of the transformation of the insurance industry, as well as the solid infrastructure for the company’s resource allocation, business circulation and operation services. China Life Insurance (Singapore) Pte Ltd has…
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Helps businesses transform. The Infocomm Media Development Authority (IMDA)’s Chief Technology Officer-as-a-Service (CTO-as-a-Service) has achieved positive early results. Since December 2021, selected early SME users across various sectors from construction, food services, food manufacturing, logistics, marine & offshore engineering to professional services, retail, security, and wholesale trade have been using CTO-as-a-Service to support…
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SMEs will be provided with cyber insurance and cyber security solutions. DBS announced today that it will be availing a complimentary cybersecurity training programme to help protect the 280,000-strong SME community in Singapore from the growing threat of cybercrime. At the end of the programme, SMEs will be presented with recommendations…
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