\n<\/p>\n
SINGAPORE –\u00a0Media OutReach<\/a>\u00a0–\u00a019 November 2021 –\u00a0We are at the forefront of
\u00a0<\/p>\n Singapore’s tenacity for technological
\u00a0<\/p>\n However, this highly
\u00a0<\/p>\n As a trusted
\u00a0<\/p>\n Here are three takeaways from the Singapore Fintech Festival 2021<\/a>
\u00a0<\/p>\n Enhancing Customer
\u00a0<\/p>\n The pandemic has
\u00a0<\/p>\n In 2020, Standard Chartered Bank<\/b><\/a> embarked on a three-year strategic partnership<\/a> with Microsoft to accelerate their digital
\u00a0<\/p>\n Our
\u00a0<\/p>\n Alpha Fintech<\/b><\/a> has made merchant acquiring easier for banks, payment
\u00a0<\/p>\n Driving
\u00a0<\/p>\n Financial
\u00a0<\/p>\n Chainstack<\/b>,<\/a> a blockchain service platform that
\u00a0<\/p>\n Our
\u00a0<\/p>\n Fostering
\u00a0<\/p>\n We are also
\u00a0<\/p>\n By working
\u00a0<\/p>\n We have also
\u00a0<\/b><\/p>\n Enabling a
\u00a0<\/b><\/p>\n Asia accounts
\u00a0<\/p>\n Microsoft is
\u00a0<\/p>\n Our
\u00a0<\/p>\n Learn more
SINGAPORE –\u00a0Media OutReach\u00a0–\u00a019 November 2021 –\u00a0We are at the forefront of
technological innovation, which has been further accelerated by the COVID\u201119
pandemic. Fundamental disruption arising from decentralized data networks,
artificial intelligence, and edge computing has created a Web 3.0 era,
presenting the next wave of the internet. This change has shaped business models
and presented …<\/p>\n","protected":false},"author":1,"featured_media":18884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18883"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=18883"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/18884"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=18883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=18883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=18883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\ntechnological innovation, which has been further accelerated by the COVID\u201119
\npandemic. Fundamental disruption arising from decentralized data networks,
\nartificial intelligence, and edge computing has created a Web 3.0 era,
\npresenting the next wave of the internet. This change has shaped business models
\nand presented new opportunities for building a sustainable, resilient, and digitally
\ninclusive future.<\/p>\n
\ntransformation presents a multitude of opportunities for financial institutions to innovate
\nand ramp up their digital agendas to remain relevant and achieve sustainable
\ngrowth locally and regionally. An increasing number of financial institutions are
\ntapping into cloud technologies and services to execute their digital transformation
\nprograms and instill a stronger culture of innovation as they reimagine the future
\nof financial services.<\/p>\n
\nregulated industry with its robust regulatory requirements entailing outsourced
\ntechnology use, risk management, and governance, may present its own set of challenges.
\nFinancial institutions cannot achieve all these on their own. They need trusted partners that can
\nprovide technologies, products, and solutions that also adhere to privacy, security,
\nand compliance obligations<\/p>\n
\nally to the nation, Microsoft is committed to being a trusted strategic partner
\nin building a resilient and digitally inclusive Singapore. <\/p>\n
\nthat the financial services industry, ecosystem, and partners must consider as
\nthey leverage tech capabilities and innovate to enhance customer engagement,
\ndrive security and compliance, and foster open innovation for the next wave of
\nprogress.<\/p>\n
\nEngagement <\/b><\/p>\n
\nchanged customer behaviors and expectations. Financial institutions now need to
\nre\u2011think their client engagement and take it to levels that are at par, if not
\nexceeding, those set by non\u2011financial institutions in other sectors including e-commerce
\nand ride-hailing. To successfully compete means investing in new business
\nmodels, products, and solutions that are built around customer needs and create
\nlong-term loyalty.<\/p>\n
\ntransformation through a cloud-first mindset. By leveraging Microsoft Azure, Standard
\nChartered Bank was successful in meeting the demand for seamless banking
\nvirtually anytime and anywhere, making banking more accessible to people across
\nits network.<\/p>\n
\npartnership with HolyWally<\/b>,<\/a> a white-label digital wallet solution built on
\nMicrosoft Azure, has democratized the ability of its customers, including
\nEastWest Bank in the Philippines, the first tap-to-pay wallet in the country,
\nto create digital wallets with more services and greater control over data.
\nThis collaboration has accelerated HolyWally’s growth in the FinTech space and provided
\nthe business greater access to products, sales, and technical support, and
\nco-selling opportunities.<\/p>\n
\ngateways, and acquirers like Grab, by integrating the entire payment lifecycle solution
\nprovider ecosystem all on the Azure platform. Users can now onboard merchants
\nquicker, sell more products via tailored solutions for each vertical, monetize
\nnew data intelligence \u2013 all while benefiting from massive IT savings. Alpha
\nFintech’s partnership with Microsoft to develop this one-stop solution has
\nenabled acquirers to compete with digital unicorns quickly and easily. \u00a0<\/p>\n
\nSecurity and Compliance <\/b><\/p>\n
\ninstitutions that know how to manage their regulatory and compliance data will
\nbe on an accelerated path to stronger risk management and improved operational
\nefficiency. Ensuring that financial services operate within appropriate
\ncompliance constructs is key to maintaining their application security posture.<\/p>\n
\ngraduated from Microsoft Azure’s Startup program in 2020, works closely with
\nMicrosoft to provide developers and independent software vendors with the
\nApplication Programming Interface (API) to build, run, and scale blockchain
\napplications. Chainstack has successfully delivered complete solutions for
\npartners like bloXroute Labs<\/a>,
\nHOPR<\/a>, and the hugely popular Polygon
\nNetwork<\/a>, by leveraging
\nMicrosoft Azure to provide enterprise-grade blockchain infrastructure and
\nnetwork gateways that are extremely secure and dependable. <\/p>\n
\ncollaboration with letsbloom<\/b><\/a>, a venture by SC Ventures, the
\ninnovation, fintech investment and ventures arm of Standard Charted Bank, has
\nallowed them to streamline security and compliance cloud processes for organizations
\noperating in highly regulated industries. Organizations in financial services,
\nhealthcare, and the government can now securely build, deploy, and run
\nbusiness applications on the cloud quickly and cost-efficiently<\/a> with letsbloom Platform-as-a-Service
\n(PaaS) and letsbloom Marketplace.<\/p>\n
\nan Environment for Open Platforms <\/b><\/p>\n
\nseeing the shift towards open and interconnected ecosystems through the
\nmodernization of core platforms including payments and banking systems. With
\nopen banking becoming a reality in many markets, including Singapore, there is
\nan urgent need for financial institutions to develop, test, and validate value
\npropositions faster and more effectively to foster innovation, as well as to
\nenhance customer service. <\/p>\n
\nwith Accenture<\/b><\/a> and Avanade<\/b><\/a> <\/b>we have created a unique API management accelerator that
\nis hosted on Microsoft Azure. This accelerator enables financial services firms
\nto fast-track innovation with open APIs and provides them with the ability to
\nmarket-test value propositions and engage with partners in a marketplace model.<\/p>\n
\ncollaborated with industry partners to develop a Common Data Model<\/b> to
\nprovide consistent metadata definitions for common banking and financial
\nindustry data elements, including loans and mortgages, to simplify application
\ndevelopment and data integration. This unified data model allows partners and
\ncustomers to share data more easily across applications and business processes
\nas they build interoperable open banking solutions.
\nsustainable future <\/b><\/p>\n
\nfor about half of the global greenhouse gas emissions. As a leading technology
\nand innovation hub, Singapore is well-positioned to support Asia’s journey
\ntowards sustainability. Ravi Menon, Managing Director, Monetary Authority of
\nSingapore (MAS) highlighted several initiatives<\/a> that will help drive this change,
\nnamely the Asian Carbon Credit Market,<\/a> Green Finance Action Plan<\/a>, and Green FinTech<\/a>. The transition to a low carbon
\nfuture will require fundamental changes to be made and technology presents solutions
\nto do that and advance the sustainability agenda. <\/p>\n
\ncommitted to helping financial organizations nurture a sustainable planet for
\nall. The recent Microsoft Ignite 2021 conference<\/a> announced the availability of Microsoft Cloud for Financial
\nServices<\/a>,
\nintroducing new capabilities that unlock the power of Microsoft Cloud to help
\nfinancial institutions innovate for responsible and sustainable growth. \u00a0<\/p>\n
\ncapabilities allow us to deliver innovative tech products and solutions that
\nhelp our partners and customers in the financial services industry achieve
\nbetter business outcomes. By building a robust culture of resilience and
\ndigital inclusivity locally, we empower every person and organization in
\nSingapore to achieve more. <\/p>\n
\nabout our ongoing work in the financial services industry via our Microsoft Cloud here<\/a>.\u00a0<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"