Highlights:
- COVID-19 has accelerated the pace of technology adoption as initiatives to tap new growth opportunities amid the pandemic were largely reliant on digitalisation and technology
- The technology joint venture aims to develop innovative fintech and digital solutions, such as data analytics, blockchain-based supply chain financing platform, digital payments, to accelerate SMEs' digitalisation strategy to enhance their business efficiency and unlock new growth opportunities
- The first batch of fintech and digital solutions is targeted to be rolled-out by 1Q2021 and it will be deployed progressively across
SMEs are an important component of
COVID-19 has accelerated the pace of technology adoption as initiatives to tap new growth opportunities amid the pandemic were largely reliant on digitalisation and technology. As such, the scale of technology adoption for business enterprises to transform their business models has never been more apparent than now.
Leveraging on the combined expertise and resources of both
1. Develop digital tools that offer data analytics, enhance operational efficiency and data- driven decision methodology on issues such as inventory, payments, customer acquisitions and etc.
2. Create a scalable omni-channel platform to enhance outreach to customers via new sales channels, integrating operations, incorporating digital payments, facial recognition and designing a cohesive user experience for end-customers.
3. Establish a blockchain-based supply chain financing platform with digitalised processes and document automation so stakeholders can gain faster access to financing and potentially lower their costs of funding. With more accountability and transparency, it can foster greater trust and confidence between financing institutions and transacting parties, leading to lower financing and business risks.
Under the joint venture, ADERA will provide its knowhow, capabilities and experience in key areas such as digital automation, facial recognition, digital identity, digital payments and artificial intelligence, while
Commenting on the technology joint venture,
As we adapt and adjust to the new normal economy, both
With
Combining the resources and strengths of both
Mr.
To this extent, we have identified 3 "pros" to guide our digitalisation efforts: pro-customers, pro-workforce, pro-business partnerships to create more value propositions for stakeholders.
Leveraging on ADERA's expertise and capabilities of more than 35 years in technology services, we are confident that this joint venture will strengthen the core capabilities of our businesses and such technology innovations can be replicated to enable businesses in other industries to build sustainable growth in their digitalisation roadmap."
About
Serving global banks, financial institutions, telecommunications, and government agencies around the world, ADERA is a technology services group headquartered in
With an established track record of more than 35 years, ADERA aims to enable our customers to digitalise and enhance their business and operating models to broaden access to new markets, improve end-user experience and develop greater business efficiency.
For more information, please visit ADERA website: https://aderaglobal.com
About
Founded as a bakery brand in
The Group has a network of owned and franchised bakery outlets in markets across
Issued on behalf of
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Mr.
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