Unlike traditional banks, the digital banks allow customers to carry out the majority of regular banking transactions online via the internet. Instead of having to visit a bank branch or office, their transactions are digitised and can be done online, from applying for a new bank account to opening a savings account and getting an overdraft. … [Read more...] about Experts tell Govt: Foster domestic virtual banks before foreign invasion
Banking digital transformation
Vietnam seeks to avoid middle-income trap before time runs out and population ages
A study by the Asian Development Bank (ADB) in 2018 found that the average time a country needs to go from a lower average country to a high income country is 30 to 40 years. After the ‘golden period’ finishes, if the income of a country doesn’t increase, it will be officially be seen as falling into the middle-income trap. … [Read more...] about Vietnam seeks to avoid middle-income trap before time runs out and population ages
Experience a New, Smarter Way to Shop for Skincare with POND’S and Shopee
However, the good news is, POND'S SAL can help identify the skin issues particular to each person. The cutting-edge AI chatbot can diagnose key skin concerns based on an individual's selfie or uploaded photo, and expertly recommend products that will best suit what it needs. All it takes is three easy steps: CHAT with SAL via the Unilever store on the Shopee platform, SNAP a selfie, and BUY the personalized regime recommendation based on the selfie analysis results. For example, if a user has a high acne score, the Acne Clear facial foam will be recommended as it fights 99% of germs. Users with a high wrinkle score will be recommended the Age Miracle Day Cream, which has Vitamin B3 to offer strong protection against blue light. … [Read more...] about Experience a New, Smarter Way to Shop for Skincare with POND’S and Shopee
ABB supports the largest floating solar power complex in Southeast Asia
The SSU has a wide capacity range from 1000KVA to 6800KVA to suit project requirements, while its voltage range is suitable for all existing inverters on the market. With all equipment manufactured and type tested in compliance with international IEC standards and some in particular meeting local technical requirements set by the Vietnam Electricity Corporation such as the MV switchgear SafePlus, ABB SSU ensures safety for the operator and public. Its robust design makes it easy for transportation and help optimizes cooling from the open air and therefore reduces energy consumption. In addition, the customized design for LV switchboards also offers direct connection comprising 44 inputs, enables optimal installation of combiner boxes and saves time and cost. … [Read more...] about ABB supports the largest floating solar power complex in Southeast Asia
PropertyGuru Tackles Top Home Loan Refinancing Misconceptions Among Singaporeans in New Research
Paul Wee, Managing Director (FinTech), PropertyGuru Group said, "These findings all point to common mortgage refinancing misconceptions amongst property owners. Contrary to conventional wisdom, there may be circumstances where refinancing during lock-in periods or incurring break costs may still make sense. We have helped homeowners attain a revised loan structure with lower monthly payments and higher savings in the long run, despite having to incur a legal fee subsidy claw back. This is achieved by tailoring a cost-benefit analysis to determine if a homeowner's long-term savings outweigh the costs incurred to their current loan." … [Read more...] about PropertyGuru Tackles Top Home Loan Refinancing Misconceptions Among Singaporeans in New Research
