Southeast Asia has a growing fintech ecosystem which provides innovative services such as loans and payment platforms. Fintech fosters a financial inclusion strategy that can reduce the growing wealth gap and provide the poor with critical resources.A 2019 study by ValueChampion, a Singapore-based personal finance and consumer research brand, placed Singapore second after Australia as one of the ‘Best countries for women in fintech in Asia-Pacific’.
In recent years, smart technology has improved our lives for the better. ‘SMART’ refers to “self-monitoring, analysis, and reporting technology.” It is a technology that uses artificial intelligence (AI), machine learning, and big data analysis to provide cognitive awareness to inanimate objects.Smart technology can be divided into a few different types, according to Rezaid, a Britain-based software firm.
While consumers across ASEAN are excited about 5G’s promise of faster home broadband speeds and mobile internet connections, it is the technology’s low network latency and power consumption that offers a variety of opportunities for businesses.About 20 times faster than 4G, everything from instant high-definition movie streaming to cloud gaming will be less than seconds away once 5G is commercially available across the region in the next few years.
With the advancement of smart technologies and digitalisation, it seems like the world is rapidly moving into the era of the Fourth Industrial Revolution or Industry 4.0. The industrial Internet of Things (IIoT) market, which some have called Industry 4.0, describes the widespread integration of information and communication technology (ICT), particularly cyber-physical systems (CPS), in industrial manufacturing.No industry is immune to the disruptions brought about by digital technologies.
Chinese entrants in the race to put autonomous vehicles on the road are bringing "robotaxis" online in hopes that a hired-car format can be the key to unlocking wide acceptance of the futuristic technology.It is expected to be years before cars that operate completely without human intervention are unleashed owing to lingering technological, regulatory, and safety hurdles.But as China challenges United States (US) tech dominance, Chinese players such as Baidu, Alibaba-backed AutoX a
E-commerce is big business in Southeast Asia. Digital consumers in ASEAN will be spending three times as much in 2025 according to a 2019 study from Facebook and Bain & Company. The report found that while consumers in Southeast Asia spent US$125 on average on online purchases in 2018, that sum is expected to more than triple to US$390 in 2025.Artificial Intelligence (AI) has been implemented in many major industries since the term was first coined in the 1950s.
Last month, a photo of a woman donning a COVID-19 quarantine wristband at a restaurant went viral on social media in Malaysia. It was reported that local authorities are investigating the woman who may have violated her quarantine order. Social media users also urged that the restaurant’s owners be penalised for allowing the woman to be on their premises in the first place. “It’s people like her that increase our nation’s risk to 2nd wave.
Myanmar is preparing to launch its first-ever satellite, joining an unlikely coalition of nascent space nations aiming to protect millions from environmental disasters.The future "super constellation" of micro-satellites from nine Asian countries will track typhoons, seismic activity and water flows, as well as provide data on land use, the growth of crops and disease outbreaks.It is the first space venture for Myanmar, the least economically developed country in a consortium that i
Modern technology has truly changed our lives for the better. It has transformed communication and how people stay in touch with one another. Information and news updates are readily available at our fingertips. In the wake of the coronavirus crisis, technology has paved the way for home-based learning and work-from-home arrangements while under quarantine or virus lockdowns.
In the wake of the coronavirus crisis, people are spending more time online with their devices to entertain themselves and to get COVID-19 updates during quarantine or virus lockdowns. An estimated 4.66 billion people now use the internet – more than half of humanity. This is an increase of more than seven percent since this time last year.
A tech-savvy population, a fast-growing economy, and the perks of being first in an emerging market - Vietnamese entrepreneur Le Thanh saw the potential in booming Ho Chi Minh City for his start-up transforming coffee grounds into masks. The 35-year-old chemistry graduate worked for two multinationals before stepping out on his own three years ago to launch ShoeX - a sustainable footwear company which nimbly pivoted to masks as the coronavirus pandemic struck.When he entered the work
In the wake of the COVID-19 pandemic, schools around the world are using education technology (edtech) such as online learning, radio, and television among others to support access to remote learning during virus lockdowns.Edtech is fast growing in Southeast Asia thanks to its learner-centric platform which breaks down geographical barriers such as access to infrastructure like schools and even transport.Digital tools such as apps, eBooks, websites, quizzes, streaming media, online t