70% of leaders in financial services said that the speed of change in technology was concerning. The time needed to go from breakthrough technology to mass market application, in particular, is decreasing rapidly. The telephone that we all take for granted today took about 75 years for half the population …
4 FinTech Trends to watch out for in 2021
Introduction COVID-19 has disrupted businesses everywhere. Many industries are feeling the pinch from the pandemic, with tourism and aviation taking the hardest hit. But the e-commerce market is an exception; digital sales rode on the pandemic boom. According to the South China Morning Post, the e-commerce sector in Southeast Asia …
FinTechs must invest in cyber security early, here’s why.
In Singapore, Asia’s number one Fintech city, 66% of Fintechs saw an increase in demand for their products and services during COVID-19, with 40% believing that this increase will sustain over a long period. This optimism is, ironically, brought forth by the pandemic, which created an environment that forced the …
2020: Let’s take a trip down memory lane
2020, a year like no other, was a whirlwind to say the least. With the global pandemic leaving its mark on history and overhauling life as we know it, Funding Societies too, had quite a year to remember. We turned 5 years old in 2020 – marking a significant milestone …
How to Invest in Singapore
Investing is one of the many important components in personal finance and educating oneself on it could bring you one step closer towards your financial goals. You may have come across some financial blogs online or simply had a chat with your friend. Whichever the case, do bear in mind …
Trade Financing: Gearing up SMEs for business growth in 2021
Trade finance has been increasing in popularity as a tool to smoothen out financial demands and drive business growth for Small Medium Enterprises in Singapore. This article will give a brief background of what Trade Finance means, its benefits, as well as the four key types of trade finances in …
Understanding Supply Chain Financing for SMEs in Singapore
Understanding Supply Chain Financing for SMEs in Singapore Supply chain ecosystems are like arteries of today’s globalised economy, allowing international trade flows. As world trade gets more and more complicated, competitive, and deglobalised, supply chain financing has evolved along to address the demands of buyers and suppliers. This article explains …
9 Principles of Investing for Beginners
To start, there are no investment hacks and shortcuts. Investing requires time, research, and maintenance. Effort? Depends on the instrument. For instance, some asset classes might require more vigilance while others could mostly be a ‘buy and wait for maturity’ affair. Nonetheless, there is no instant fix to get you …
7 Types of Alternative Investments
“Either make your money work for you or you will always have to work for your money” – Marshall Sylver. Whether it’s long-term financial security you are after or having some spare cash for a rainy day, you should consider to start investing – and better sooner than later. Here …
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How to Manage Your Investment Portfolio Like a Pro
Tips to managing your investment portfolio Managing an investment portfolio is a lot like managing a business. With a disciplined, patient, and proactive approach, you may preserve your wealth while attaining financial independence. Your investment strategies might differ, but you can bear in mind some principles that are consistent at …