Welcome to Cyberport
A A A
  • 数码港Facebook专页
  • 数码港Twitter专页
  • 数码港LinkedIn专页


科技新闻

15-09-2017
创科创投基金

政府已于2017年9月15日推出「创科创投基金」。该计划现正接受风险投资基金申请成为共同投资伙伴(截止日期:2018年1月15日)。简介会将于2017年10月3日于香港科学园举行,欢迎风险投资基金出席。

查看更多

 

News feed provided by SMBWorld.

 

16-12-2017
Google reveals top Singapore searches in 2017

Google has revealed the top trending Google searches in Singapore for 2017, which should serve as a treasure trove of data points for marketers putting together their marketing strategies in 2018.Interestingly, the two top topics are built off the momentum from last year and continued – Pokemon Go and the love of sports. Pokemon fever seems far from dying down. This year, Singaporeans turned to local real-time Pokemon tracker Sgpokemap for help, catapulting the site to the number one position in Singapore's trending searches in 2017.Elsewhere, the buzz of Singapore’s first Olympic Gold Medal win last year continues to put sports on the top this year. On that front, Singaporeans continued to cheer for their local sporting heroes at the SEA Games 2017, making it the top trending local news for the year.Elsewhere, Singapore’s local for gadgets is highly evident with the appearance of the iPhone X and iPhone 8 on the list, as well as “IT Show” and “PC Show” making it to the list for Trending events in Singapore, at number 3 and number 10 position respectively.Finally, e-shopping is also obviously a very important topic to Singaporeans, with e-shopping service provider ezbuy making the list of top searches once again this year (Number 10) together with online marketplace, Lazada Singapore (Number 9) in Trending Searches. This reflects present-day consumer patterns towards online shopping as Singaporeans continue to turn to search for the best deals online.“With more than a billion users on Google Search, search continues to be a big part of people’s lives in Singapore as they look for the latest news, entertainment and deals online. We’re continuing to improve the Search experience including launching the Google Assistant in Singaporean English to improve voice recognition and making it easier than ever for Singaporeans to shop for products online with Shopping Ads,” said Stephanie Davis, country director for Google Singapore.Below are three of the categories:Trending Searches Sgpokemap iPhone 8 iPhone X Wonder Woman Beauty and the Beast Wimbledon SEA Games Justice League Lazada Singapore EzbuyTrending Local News SEA Games 38 Oxley Road Formula One Halimah Yacob GST Voucher Toto Hong Bao Draw Amazon Prime Singapore Ed Sheeran Singapore Star AwardsTrending Events in Singapore Artbox Singapore Formula One IT Show Ed Sheeran Singapore Star Awards Miss Singapore Singapore Night Festival Chingay Coldplay Singapore PC ShowFurther reading:Singaporeans want a more personalized online shopping experienceWhy retailers must focus on customer experience, not salesSingles’ Day – How retailers keep pace with rapid rise of digital shopping Caption: Image credit: iStockphoto by Getty Images

查看更多
16-12-2017
New ‘Basel IV’ rules will make banks rethink their business models

Personal loans are an important fixture and revenue for banks. Typically these are high margins compared to other revenue sources. But their volume also weighs down a bank in the form of the capital a bank needs to keep on its books to counter the risks associated with these loans.The Basel Committee for Banking Supervision (BCBS) has published new rules on how banks calculate risk-weighted assets (RWA). These are banks’ loans and other exposures weighted by risk. The RWA are used to calculate the amount of capital the bank must hold for each type of asset. These Basel IV rules mark the conclusion of work carried out by the BCBS to deal with the aftermath of the global financial crisis of 2007-08.Emily Lam, Financial Services Risk and Regulatory partner at PwC Hong Kong says the reforms will impact all banks globally regardless of size or business model. “But how they are applied varies a lot from bank to bank. Some may have to carry 10-15% more capital, while others may even see a reduction in RWA,” she elaborated.Under the new rules, the use of banks’ own internal models to calculate their RWA will be limited. At the same time, the standardized approaches used by most banks worldwide will become more risk-sensitive and will reflect developments in global financial markets over the last few years.  A relatively high capital floor (at 72.5%) to internally-modeled RWA is introduced. The overall aim is to re-establish trust in banks by making it easier to compare their RWA.Lam further comments that the impact of Basel IV will vary from country to country, depending on local lending practices.“Larger banks are likely to focus on the changes to their capital floors. Smaller banks may need to look at infrastructure and technology investments because of the volume and granularity of data they will need to handle as part of these standardized approaches,” she added.There is time though. The new rules are set to be enforced sometime in 2022. In the interim, national lawmakers will need to draft new legislation to reflect the rules and many businesses will need to adjust their strategies. If a bank’s capital costs increase, this will affect the interest rates and fees it charges its clients.  If some business areas no longer prove attractive to banks, other players – such as insurance companies, asset managers, hedge funds or FinTech businesses – may step in.“While the proposed implementation timeline may seem to stretch further into the future, it is imperative for all banks to take action now. Banks are going to need significant time and resources to adjust to the new reality and implement all the necessary changes,” cautioned Brian Yiu, Financial Services Risk and Regulatory partner for PwC Hong Kong. Caption: Image from iStockPhoto

查看更多
16-12-2017
App Annie says mobile is at center of customer retail journey

Unless you’ve been holed up in your room with zero access to all forms of media, it is difficult not to hear of proclamations of a retail apocalypse as spelling the end of the world as we know – mostly for retailers. The apocalypse may have more significance to the US retail scene in 2017 where the media is awashed with successive stories of brand products and mall closures.One technology that retailers are coming to terms as inevitable is the mobile device and specific to each retailer – their mobile strategy.According to App Annie, a strong app strategy is necessary for success in retail. In the “Retailers: Why Data Should Drive Your Mobile Strategy” App Annie says consumers are turning to mobile first when they’re planning on making a purchase. For retailers, data is at the heart of a successful app strategy. Insightful metrics allow retailers to make informed decisions to drive customers to their app, create features that increase the likelihood of purchase, and accurately measure customer satisfaction and implement changes to reflect customer demand. A data strategy will also enable retailers to benchmark themselves against competitors and incorporate best practices that are proven to move the needle on critical engagement metrics affecting basket size and lifetime value.Jaede Tan (photo right), Regional Director of App Annie, shares his insight on what is happening in the mobile app scene specific to Asia’s retail sector:Analysts and experts have pronounced the retail apocalypse in recent times, and we see apps as a way to reinvigorate consumers’ retail experience. Brick-and-mortar retailers have already embraced apps and shoppers are now very engaged; results are telling from the Great Singapore Sale 2017, which saw an increase in sales thanks to the GoSpree app.In Indonesia, which has a population of 261 million and a burgeoning middle class, users spend an average of just over 90 minutes per month in Shopping apps, placing it at #2 after South Korea. On 11 November 2017, dubbed Single’s Day, Alibaba generated a record breaking US$25.3 billion in sales, with mobile users accounting for 90% of sales. These numbers are only the beginning of what is a rapidly evolving retail experience for consumers.Coming this 2018Come 2018, apps will continue to cause consumers to change their shopping habits which will in turn redefine the relationship between and even the very nature of existing retail channels (e.g., mobile app, web, brick-and-mortar). China, for instance, is one huge influencer in this area. We are seeing people in western markets increasingly use physical stores as a place to pick up items purchased on mobile. In addition, cash registers’ longstanding role in the checkout and payment process will become reduced, or in some cases replaced, by mobile. For many consumers, mobile will be a core part of the shopping experience regardless of channel.Dining on the goAs we predicted in last year’s post, there was some consolidation in the food delivery space. Looking ahead to next year, we expect that aggregators such as Korea’s Yogiyo will continue to expand the addressable market for this space by opening up underpenetrated markets as well as converting users who do not currently use mobile apps from intermediaries to order meals.Meanwhile, delivery as a service (DaaS) providers (e.g., UberEATS , Deliveroo ) will gain market share in premium markets where customers are more likely to pay more for higher-end restaurants that don’t have their own delivery fleets. Furthermore, we expect more quick-service restaurants (QSR) to respond to the increased competition from food delivery by partnering with DaaS apps, similar to McDonald’s growing partnership with UberEATS . As with video streaming, this space will face consolidation in later years as it needs to rationalize the fragmentation felt by customers and the profit pressures felt by service providers competing in a crowded space.App Annie’s Tan says there is growing acceptance of m-commerce as a new channel for online shoppers in Asia. Retailers are scrambling to launch mobile-enabled websites and mobile apps with location-based and other interactive functions. Another factor serving to push forward the m-commerce phenomenon is the shift to a cashless society.The notion of cashless society has been predicted more than a decade ago but it is only recently, with the convergence of smart devices, consumer friendly commerce sites, and secure mobile payments, that we have seen what looks like a sustainable shift to cashless society.As the x-commerce ecosystem continues to develop, we will likely see more retailers launching their m-commerce players and other members of the ecosystem. Caption: Image from iStockPhoto

查看更多
15-12-2017
APAC leads in mobile video playback

The Asia Pacific (APAC) region is leading the world in terms of video plays over mobile devices, according to the latest “Global Video Index” report by online video technology firm Ooyala. With 64.4% of video plays here, this is the second quarter in a row that APAC has come up ahead, compared with 58% globally for the same metric.Overall, the report noted that this the sixth consecutive quarter where mobile devices accounted for more than 50% of all online video starts, with Q3 mobile-video starts growing by 11.9% compared to Q3 2016.Moreover, the use of mobile devices to view long-form video continues to grow dramatically. Long-form time-watched grew nearly 77% on smartphones and nearly 70% for tablets in Q3 2017 versus Q3 2016, while medium-form video consumption continued to decline.It is for this reason that Ooyala is forecasting that more than 60% of all video plays will be on mobile devices within the first half of 2018. Elsewhere, marketers will be interested to note the report’s finding that mid-roll advertising is leading in terms of completed ad views.“Mobile is increasingly becoming the default platform for the consumption of online video. We are seeing the same trend for sports content as well. Asia Pacific is home to many sports fanatics, who want their content anytime, anywhere. The availability of live sports programs over mobile is important and needs to be addressed in this market,” said Steve Davis, the vice president and general manager of Ooyala Asia Pacific and Japan.“Specifically, Asia’s younger audience is primarily watching sports content on mobile devices. Content providers and operators need to evaluate if they want to approach this group differently from the Gen X-ers or Baby Boomers, and think about how they can monetize the experience for the next generation of sports fans,” he said.Further reading:CMOs need to own up to YouTube ad debacleAdobe unveils new measurement model for videoHow marketers can enhance video marketing efforts Caption: Image credit: iStockphoto by Getty Images

查看更多
15-12-2017
Japan’s Komatsu deploys AI for construction industry

The partnership will see Komatsu use NVIDIA GPUs to visualize and analyze entire construction sites. The NVIDIA® Jetson™ AI platform will serve as the brain of heavy machinery deployed on these sites, enabling improved safety and productivity.Construction is the latest in a series of industries in which NVIDIA has signed agreements with various verticals for AI. Among these are partnerships with GE Healthcare and Nuance in the area of medical imaging; FANUC in the field of robotics; and more than 225 car makers, startups and research houses – among them, Audi, Tesla, Toyota and Volvo – for autonomous driving.“Artificial intelligence is sweeping across industries, and its next frontier is autonomous intelligent machines,” said Huang, speaking at NVIDIA’s final of seven global GPU Technology Conferences this year. “Future machines will perceive their surroundings and be continuously alert, helping operators work more efficiently and safely. The construction and mining industries will benefit greatly from these advances.”Japan’s construction industry is particularly challenged because of the nation’s severe labor shortage due to an aging population. Of the 3.4 million skilled workers in the domestic industry (as of 2014), roughly 1.1 million, or one-third, are likely to leave in the next decade, according to the Japan Federation of Construction Contractors.To help address these issues, Komatsu began in 2015 rolling out its “SMARTCONSTRUCTION” initiative, connecting data related to onsite workers and objects to make worksites safer and more productive. The initiative has been introduced in more than 4,000 sites across the country, with plans to expand both domestically and internationally.“We’ll start integrating NVIDIA GPUs into our construction sites,” said Yuichi Iwamoto, senior executive officer, chief technology officer at Komatsu. “By leveraging NVIDIA’s experience in image processing, virtualization and AI, we can further transform construction areas into jobsites of the future.” Extending the SMARTCONSTRUCTION initiative, Komatsu will use NVIDIA technology to create 3D visualizations of construction sites, showing the real-time interaction of people, machinery and objects. Costly onsite equipment can be closely monitored to ensure it is used with optimal efficiency.NVIDIA GPUs will communicate with drones and cameras in the construction sites, acting as an AI platform for analysis and visualization. SkyCatch will provide drones to gather and map 3D images for visualizing the terrain at the edge. OPTiM, an IoT management-software company, will provide an application to identify individuals and machinery collected from surveillance cameras. Both of these Komatsu partners are also members of NVIDIA’s Inception program for AI startups.At the center of the collaboration is NVIDIA Jetson, a credit-card sized platform that delivers AI computing at the edge. Working in tandem with NVIDIA cloud technology, Jetson will power cameras mounted on Komatsu’s construction equipment and enable 360-degree views to readily identify people and machines nearby to prevent collisions and other accidents.Jetson will also be used in stereo cameras located in the cabs of construction machines to help assess rapidly changing conditions in real time and instruct the driver accordingly. Future applications include high-resolution rendering and virtual simulations of construction and mining sites along with automated control of machinery.

查看更多
15-12-2017
Infiniti Lab Hong Kong 3.0 recipients to define the future of the customer

Hong Kong-headquartered premium automobile manufacturer Infiniti Motor and venture capital firm Nest concluded the nine-week Infiniti Lab Global Accelerator 3.0 with a Demo Day held on December 8, 2017.The seven startups, with two from Hong Kong and the remaining five from Canada, Germany, Mexico, Sweden and the US, pitched their business to more than 100 investors and key retail partners in hope of securing partnerships and funding to propel their businesses to the next phase. Among the investors and partners were retail companies DFS, Nielsen, Hysan, Shanghai Tang and Bluebell Group who attended to hear the startups' plans to develop technologies that enhance the customer journey for 'The Future Consumer'.Infiniti Lab is a global program that works with startups around the world to address locally relevant challenges. During the Infiniti Lab Global Accelerator 3.0, seven startups were chosen from more than 130 applications across the globe to participate in the program. During the nine-week program, each startup has been exposed to established investors in Asia, and benefited from an intensive business coaching and mentoring program."At Infiniti we are constantly striving to innovate to deliver the most personal and rewarding customer experience. As Infiniti Lab continues to grow globally, so does our opportunity to develop great solutions for our customers and lead innovation in the mobility space. The Infiniti Lab 3.0 is not only helping us to find technology partners to develop the future retail experience, but also inspiring us to become a more agile organization," said Dane Fisher, general manager, global business transformation & brand, Infiniti Motor.Lawrence Morgan, Nest CEO said, "We are extremely proud to be part of the founders' entrepreneurial journeys. The unique strengths and solutions the cohort will truly transform the retail tech landscape for the future consumer, today."Ben Hsieh, programme manager of Nest, explained the Infiniti Lab Hong Kong 3.0 program's startup selection process. "Our focus is on the retailers' journey. After identifying our focus, we received around 140 applications across the globe to participate in the Infiniti Lab Global Accelerator 3.0 program. As part of the program, the startups will be exposed to the investors and the startup ecosystem in Hong Kong.According to futurist Anders Sormn-Nilsson, as the world enters the era of "retail renaissance" with online-to-offline interaction increases, the startups can help to bridge up the physicality of the retail world and the virtual world, and iron out frictions along the transition. With Insurtech, for example, insurance companies can dispose of the need to fill in paper documents as customers file their insurance claims.2 startups from Hong KongThe seven startups that successfully completed the Global Accelerator 3.0 were invited to Infiniti's global headquarters from five different countries. Among the startups involved in the program were Rover Parking from Canada, invited to join following their involvement in the Toronto Infiniti Lab accelerator program earlier this year. Other startups include Wyzerr (USA), actiMirror (Hong Kong), ManoMotion (Sweden), Cove (Hong Kong), Synapbox (Mexico) and Thinqs (Germany).As a result of this program, Thinqs has validated their online-to-offline search model in the Asian marketplace, and have gained interest from a number of Hong Kong retailers. actiMirror have secured investment funding connections, and Rover Parking is in discussion to partner with Infiniti to expand their parking network in Canada. Both Synapbox and Wyzerr have already piloted their products within Infiniti and have developed global service packages to attract wider corporate partnerships.actiMirror, founded in 2014, is a Hong Kong-based startup that develops "smart mirror" which displays targeted media content and performs data analytics based on demographics, ethnicity, sales conversion rates, shopping behavior and general statistics. Since winning Computerworld Hong Kong's Technology Company of the Year (Startup category) award in 2016, actiMirror has expanded into the Silicon Valley and China, doubled the size of its team, and signed up clients including North Face, The Peninsula Hong Kong hotel group and Melcro casino group in Macau. Moving forward, actiMirror will jointly develop a popup car dealer concept with Infiniti Motors, which enables car dealing to occur beyond the confines of physical car dealer shops.Cove, founded in 2017, is a Hong Kong-based on-demand car sharing program developer. Operating with four full-time staff and one part-time technician, Cove provides rental cars (from car dealers including Dah Chong Hong, Inchcape and manufacturers like Land Rover and Toyota) with keyless unlock that cover both the residential and commercial districts. The startup now operates a fleet of three cars: one serving Central and two serving Tseung Kwan O. Moving forward, it plans to provide two to three cars to serve the Kowloon Bay area, as well as work with insurance companies to provide better insurance plans for car drivers. At present, Cove is in negotiation with property development companies in Hong Kong to launch a pilot project together with Infiniti using Infiniti vehicles to provide a shared mobility solution.Rover Parking, founded in 2014, is a Canada-based developer of an on-demand and shared parking app that connects the owners of parking spaces with the drivers that look for short-term car parking. At present, Rover Parking is in talks with parking management companies and property developers to explore the potential adoption of the app at their properties. According to the company's founder Tim Wootton, the company is currently expanding its market presence in Asia. After closing a round of funds in 2016, it is in the midst of raising US$2 million from investors from Canada and Asia, including Hong Kong and the mainland China.ManoMotion has partnered with V777, an Infiniti Lab 2.0 alumni startup to develop a revolutionary prototype – combining advanced hand gesture recognition with Virtual Reality to create a concept for the future of digital showrooms. V777 technology was used to launch Infiniti's all new QX50 at the recent LA Motorshow. ManoMotion is also in discussion to explore longer term product collaboration with Infiniti.Ross Garvie, Head of Infiniti Lab said; "This year, focusing on "The Future Consumer" we worked with startups looking at data analytics, shared parking, AR displays, gesture recognition and facial recognition. Each startup was selected as they share Infiniti's vision to improve the future of retail and enhance the customer journey."First published on Computerworld Hong Kong Caption: Winners of the Infiniti Lab 3.0

查看更多
15-12-2017
Digital banking is not always the best answer says analyst

As digital banking capabilities have expanded over the years, adoption of online and mobile banking has reached more than two-thirds of retail banking consumers. Despite the convenience of digital channel access to their accounts, consumers’ use of traditional banking channels — branch, ATM, call center — has declined only modestly in recent years.Javelin Strategy & Research’s recent report, Why Digital Banking Often Fails to Reduce Offline Volume: Education and Contextual Support Needed to Overcome Offline Inertia, concludes that deeper digital adoption hinges on financial institutions providing greater support during digital transactions, including setting clear expectations and highlighting policies and limits prominently.“Purpose-built digital delivery solutions are critical to changing consumer behavior by providing obvious advantages over more familiar, legacy options. Digital solutions must be designed and delivered to focus on specific aspects of their delivery that are clearly superior to the offline options that are more familiar and better understood by customers,” said Emmett Higdon, Director, Digital Banking at Javelin Strategy & Research. Caption: Image from iStockPhoto

查看更多
14-12-2017
APAC CIOs going forth with digital transformation despite scant progress

CIOs both in Asia Pacific (excluding Japan) and globally are more determined than ever to embark on digital transformation, despite lack of meaningful progress toward the goal, according to a global survey carried out by Logicalis.The Logicalis Global CIO Survey 2017/18 polled 890 CIOs across 23 countries, including 285 CIOs from Asia Pacific (APAC), and found that optimism around digital transformation progress had dampened compared to last year.CIOs currently see their organizations making scant progress in digital transformation. Survey findings showed:In APAC, 3% classify their organizations as 'digital innovators' (down from 6% last year). Globally, 5% of CIOs share the same perspective (down from 6%). Almost a quarter of CIOs in APAC see their organizations as early adopters (21%, same as in 2016). Globally, the number has dropped to 19% from 22% in 2016. The proportion giving their organizations a middling score, characterizing themselves as part of an early majority is down to 46% from 53% in 2016. Globally this number is up to 49% from 45%.CIOs attempting to deliver digital transformation within their organizations point to complexity, cost, culture, skills and security as the main barriers to realizing this goal. 62% of APAC CIOs cite cost as the main barrier, 51% point to complex legacy technology and 49% say organizational culture is an issue, while 43% point to lack of skills and 40% cite security issues.While costs are a major concern for APAC CIOs, the sentiment is slightly different globally, where CIOs rank organizational culture (56%) as their main impediment, followed by cost (50%), legacy infrastructure (44%), skills (34%) and security (32%).Far from disheartened, however, APAC CIOs have plans to overcome barriers to digital transformation:56% said they plan to simplify their IT by adapting and/or replacing existing infrastructure 58% plan to work with line of business colleagues to engage the wider business, and act as ambassadors for digital transformation 49% intend to provide additional training and development 47% want to attempt culture change    40% expect to invest in extra security capabilities"Change is now the norm. Just as we set a course based on our understanding of the technology landscape, that landscape changes. CIOs must accept that change is constant and work out how to get on the front foot - to shape change rather than being governed by it,” said Mark Rogers, CEO of Logicalis Group and Logicalis Asia.

查看更多
14-12-2017
E-commerce success spells big trouble for retailers and landlords in Singapore

A December 2017 JLL (Jones Lang LaSalle) research paper titled “Technological advancements transforming the Singapore retail scene” suggests that retailers and landlords need to innovate and adopt new strategies to stay relevant and navigate the challenging retail environment.The paper cited data from the Info-communications Media Development Authority (IMDA) that suggests that 53% of 2015 internet users in the City have been making online purchases in the past three months.The pervasive use of smartphones and the rise of digital commerce is rapidly reshaping the Singapore retail scene. It is anticipated that online shopping will continue to accelerate and with it retail competition will intensify.Retail rentals on the downward trendDLL research suggests that retail space will have to be transformed to stay relevant for retailing purposes in this Internet age.The Urban Redevelopment Authority reported that in the third quarter of 2017 as much as 5.3 million square feet of retail space was left vacant. With the government’s target to grow e-commerce’s share of retail receipts from 3% in 2016 to 10% in 2020, things are not going to look good for those in the real estate market.In fact, the growth of online shopping, coupled with a cyclical headwind, has led to rising vacancy rates and falling rents of retail space over the past few years. According to the URA, the vacancy rate of island-wide retail space has gradually risen from 4.5% in 4Q13 to 8.1% in 2Q17. Rents of retail space in the Central Region have correspondingly fallen 15.6% over the 11 quarters ending 3Q17 from the recent peak in 4Q14.Measures such as limiting government land sale for retail may help slow down future supply and contain rising vacancy rates but retailer sentiment remains cautious in the face of intensifying competition from online retailers. This will put further downward pressure on rents according to Lee Siew Ling, National Director of Retail Leasing.The upside of e-commerceNotwithstanding the impact of e-commerce on the retail trade, physical retail stores still have a key role in the Singapore retail scene.“The Generation X and Baby Boomers still prefer to shop in physical stores while the Millennial Generation and Generation Y enjoy visiting malls to browse and linger in cafes to socialize and engage in online activity on mobile equipment. To stay relevant, landlords and retailers will need to innovate and adopt new strategies to navigate the challenging retail environment,” said Angelia Phua, Consulting Director of Research and Consultancy for JLL Singapore.With technological advancements such as the pervasive smart phone use and digital commerce rapidly reshaping the Singapore retail scene, online shopping will continue to grow and retail competition will intensify. Retail space will have to be transformed to stay relevant for retailing purposes in this Internet age.She believes that landlords and retailers will need to innovate and adopt new strategies to adapt to the changing demand and use for retail space as well as the changing shopping habits of consumers. Caption: Image from iStockPhoto

查看更多
14-12-2017
South Korea’s Toss eyes Southeast Asia financial services market in 2018

Viva Republica reports that Toss, its locally developed P2P money transfer app, has racked up US$12 billion in transactions in 2017. The startup also reports that as of November 2017 they are processing over US$1 billion per month in P2P payments via Toss. It also reports that to date over 12 million Koreans have downloaded the app.Toss offers users about 10 complimentary financial services in addition to money transfers. These include interest-bearing savings account and debit card opening services, investment products, customized loan/insurance recommendation products.While services like money transfer are free, a solid product portfolio of revenue generating services mean that Viva Republica is expected to generate around US$20M in revenue in 2017.“We are very excited by Toss’ growth. Reaching US$1 billion in monthly transaction volume within just a couple years is an impressive milestone and reinforces that Toss is redefining the way consumers experience and access financial services. We look forward to seeing Toss continue on its path towards becoming a category leader,” said Talia Goldberg, Vice President, Bessemer Venture Partners.From inception Viva Republica has focused on the South Korean market. The company has indicated, however, that it plans to go international with Southeast Asia as its target market by end of 2018.  Caption: Image supplied by Viva Republica

查看更多
13-12-2017
Hong Leong Bank to provide WeChat Pay in Malaysia

Hong Leong Bank Berhad (“HLB” or “the Bank”) has received approval from Bank Negara Malaysia (BNM) to enter into an agreement with Tenpay Payment Technology Co Limited, a subsidiary of Tencent (“Tencent”), to provide WeChat Pay payment solution.As a merchant acquirer for WeChat Pay in Malaysia, HLB can now enable Malaysian businesses to start accepting WeChat payments for both online and in-store payments.This collaboration will allow Chinese tourists to continue using their WeChat accounts when visiting Malaysia.The partnership between HLB and Tencent using WeChat Pay enables online and offline (O2O) digital payments from retail merchants in Malaysia with an easy-to-adopt, fully integrated cross-border payment solution. Users are expected to benefit from the ability to use the mobile app based, QR code payment tool to make purchases in Malaysia in RMB and other currencies.“This is an important development for our Merchant Services business and we are excited to expand the payment ecosystem for greater convenience to our Malaysian merchants” said Domenic Fuda, Group Managing Director and Chief Executive Officer of HLB.“This will be our first foray as an acquirer of the very popular Chinese wallet based payment methodology riding on WeChat Pay technology which has over 600 million monthly active users in China”.

查看更多
13-12-2017
Adyen launches WeChat Pay on POS terminals

Adyen has rolled out WeChat Pay, one of the most popular mobile payment apps in China, allowing Adyen merchants to offer WeChat Pay on their point-of-sale terminals worldwide. The launch allows consumers to buy goods using WeChat Pay in brick-and-mortar stores.The addition of WeChat Pay means that Adyen merchants can now accept payments from China’s three largest payment providers, including Alibaba’s Alipay and China UnionPay (UPI). WeChat has 1.3 billion users, 400 million of whom use WeChat Pay for either paying friends (P2P payments) or purchasing a product.“We are thrilled to announce that Adyen now offers all three major Chinese payment methods on our clients’ POS terminals worldwide,” said Roelant Prins, chief commercial officer, Adyen. “This capability allows our merchants to cater to this incredibly important and large customer base as they travel abroad. After November’s record-breaking Singles Day sales, it’s more important than ever for retailers to find ways to allow Chinese consumers to make purchases with their payment method of choice.”

查看更多
13-12-2017
Tokio Marine Insurance launches chatbot for financial advisor recruitment

Tokio Marine Life Insurance Singapore Ltd. (TMLS) has launched the recruitment function in the latest phase of its TOMI chatbot (short for Tokio Marine Insurance).This phase allows TOMI to support the insurer’s recruitment process.Aimed at enhancing the insurer’s engagement with today’s digitally savvy generation in recruitment, TOMI now answers more than 300 questions on how to pursue a career as a financial adviser. It also provides information that is typically not accessible to the public, including required qualifications, training involved and even hiring preferences. The chatbot is accessible at all times through Facebook Messenger.To help users who are uncertain about a career in insurance, TMLS introduced a short interactive quiz on TOMI that briefly evaluates the user’s interests and personality. TOMI also now provides information on upcoming recruitment events, organised multiple times a year, to encourage interested individuals to personally engage with TMLS.To access TOMI’s recruitment function, users may go to TOMI’s main menu and select the tab “Ask Career”. Alternatively, the function can also be accessed via the “Ask Career” section on the main menu of TOMI.“Advisers play an important role in supporting Singaporeans in managing their financial planning and insurance coverage. We are always looking for talented individuals who are keen to help people plan the necessary coverage for themselves and their loved ones,” said James Tan, Chief Executive Officer of TMLS. “TOMI will help us reach out to these potential talents more quickly and easily, through familiar communication channel Facebook Messenger, and encourage them to join us as advisers.”

查看更多
13-12-2017
pera247 app targets Philippines’ underbanked market

Fintech startup AsiaKredit is expanding its footprint with the launch of pera247 solution in the Philippines. Aimed squarely at the country’s underbanked population, the company claims that pera247 (www.pera247.ph) will offer unsecured small-ticket, short-term consumer loans for up to 90 days through a mobile wallet.Loans are approved following what the company claims is the shortest real-time credit decision by ‘by any platform on the market’ using big data to optimize the credit assessment process to make fast and reliable credit decisions. As part of its credit assessment process, pera247 will extract a selection of data points from both traditional and alternative sources of data, such as behavioral mobile data from an applicant’s smartphone.The startup claims that pera247 is able to incorporate highly predictive digital credit assessment into its underwriting algorithm to improve both the availability of credit to those with limited or no banking history as well as increase their approval rate, whilst reducing its cost of risk.At the end of the credit decision journey, the pera247 app also acts as a mobile wallet for the successful applicant, where funds will be disbursed to and linked to thousands of physical payment centers, within hours of the application.AsiaKredit’s Co-Founder and Chief Executive Officer, Mike Singh, commented: “We are excited to take consumer lending fully digital in the Philippines as we see a dynamic shift in consumer digital behavior to access financial services through mobile and online channels.”Not shy about the startup’s ambitions, he says the company will target Southeast Asia’s underbanked, leveraging the high mobile penetration in the region to foster financial inclusion.  Caption: Image from iStockPhoto

查看更多
11-12-2017
Hong Kong gets guidance on ICOs courtesy of HTAHK

There is frenzy going infecting the world today. It is called Initial Coin Offering or ICO. It rides on the current global extremely speculative interest generated by bitcoin, Ethereum and other cryptocurrencies. While some governments have announced interest in digital currencies, at this point in time no government has publicly replaced their FIAT currency with a digital one. But that is beside the point.On September 5, 2017, Hong Kong’s Securities and Futures Commission issued a statement declaring that “depending on the facts and circumstances of an ICO, digital tokens that are offered or sold may be “securities” as defined in the Securities and Futures Ordinance (SFO), and subject to the securities laws of Hong Kong. The moved by the SFC was followed by a public notice from the People’s Bank of China – the country’s central bank – banning fundraising activities through ICOs from September 7, 2017.Urszula McCormack, Co-Chair of the Policy & Advocacy Committee, said, “Digital assets have an important role to play in blockchain-based solutions and the digital economy.  The speed of their evolution has made it difficult for regulation to keep pace at every turn, but there have been brutal misconceptions about tokens operating in a vacuum, or (conversely) being inherent scam and money laundering vehicles.  It’s true that a token sale is not right for everyone.  However, most “good" projects want to know how to run a strong, safe, fair and legal sale, with a long-term roadmap for success.  This paper helps them achieve that.”  For its part the FinTech Association of Hong Kong (“FTAHK”) has published a paper outlining best practices for running token sales in Hong Kong.  The paper aims to provide general and practical guidance on the latest best practices for those thinking about conducting a token sale as well as for those wanting to learn more about this area. It also aims to act as a voluntary best practices guide that could help entrepreneurs looking at doing a token sale.The paper includes sections on understanding whether a token sale is the best fit for a particular project, the legal and regulatory issues to be aware of, tax and accounting considerations, cybersecurity controls, the need for adequate governance and control frameworks and the specific laws underpinning the need for appropriate know-your-customer (KYC) processes. It also includes a specific sample KYC procedure that can help serve as a starting point.“The FinTech community in Hong Kong is keen to ensure that those who decide to conduct a token sale do so by implementing the latest global best practices in this space. Whilst there are no detailed regulatory guidelines around token sales, we believe it is important for the community to set some voluntary best practices that entrepreneurs can follow,” said Karen Contet Farzam, Board Member, FinTech Association of Hong Kong. Caption: Image from iStockPhoto

查看更多
CyberLink Vol.111 November 2017

Cyberport Venture Capital Forum forges win-win partnership for investors and start-ups

阅读更多 >
CyberLink Vol.110 October 2017

Klook raised US$60M, the largest funding ever for in-destination service booking platform

阅读更多 >
CyberLink Vol.109 September 2017

Cyberport FinTech Delegation to London lays important groundwork for future success

阅读更多 >