Tag: Tools

  • Revolutionizing Global Commerce: Ant Group’s Vision for AI-Driven Financial Tools for SMEs

    Revolutionizing Global Commerce: Ant Group’s Vision for AI-Driven Financial Tools for SMEs

    Eric Jing, Chairman of Ant Group, recently presented his vision for propelling small-to-medium-sized enterprises (SMEs) into the next level of productivity at the Singapore FinTech Festival. He posited that artificial intelligence (AI)-driven financial tools and tokenised transactions would fundamentally transform how SMEs function and compete on a global scale.

    AI-Driven Transformation for SMEs

    Jing highlighted Ant Group’s dedication to equipping SMEs with AI-driven payment and operational tools. He believes the tools will position companies to reap the rewards of an upcoming global productivity boom. Jing expressed his belief that frontier technology can significantly foster inclusion and support SMEs.

    Singapore: A Global Hub for Growth

    Ant International, which became autonomous in 2024, has its headquarters in Singapore. It collaborates with over 1,400 institutional partners and its global payment and digitalisation network caters to 150 million businesses. The network also links QR-based wallets reaching more than 1.8 billion consumer accounts worldwide.

    Expectations for AI-Driven Finance

    Jing forecasts an increase in personalised AI financial advisors for consumers and an accelerated shift toward agentic commerce for businesses. He predicts the latter will be driven by autonomous systems capable of managing comprehensive payment and operational tasks. Jing believes that AI agents could be instrumental in helping SMEs that struggle with the complexities of the global trade environment.

    AI Tools Enhancing Efficiency for SMEs

    Antom, the merchant services division of Ant International, is already leveraging AI with Antom Copilot. This tool streamlines payment integration, onboarding, risk settings, and chargeback management. According to Ant International, Copilot reduces integration time by over 90%, improves winning rates for chargebacks by three percentage points, and cuts resolution time by 46%.

    Antom also recently launched EPOS360, an integrated application that combines POS systems, payments, banking, lending, and growth support into one platform. This tool is designed to help micro, small, and medium enterprises (MSMEs) expand more efficiently. Jing depicted these AI agents as virtual Chief Operating Officers (COOs) and Chief Financial Officers (CFOs) that serve as planners and implementers for SMEs.

    Emergence of Multi-Agent Systems

    Jing stressed that autonomous multi-agent systems capable of executing complex transactions are not just theoretical but are already becoming a reality. He maintained that these systems will form the backbone of the next phase of global digital commerce, especially for SMEs operating internationally.

    Jing underscored the importance of tokenisation of money as a key facilitator of real-time global transactions, especially for companies engaged in international trade. He also emphasised the importance of policy guidance from regulators.

    Trials in Tokenised Money

    In the context of Project Guardian, Ant International has taken part in pilot programmes involving tokenised money and cross-border transactions. These trials have illustrated how blockchain-based payments can provide real-time transparency and credibility to SMEs operating globally.

    Through the Monetary Authority of Singapore’s (MAS) PathFin.ai initiative, Ant International is also sharing its expertise on AI implementation. Jing highlighted the company’s Falcon Time-Series Transformer, an 8.5-billion-parameter model for FX and liquidity forecasting, which has contributed to significant improvement in cash-flow prediction accuracy and reduced hedging costs for businesses.

    Questions & Answers

    What is Ant Group’s vision for SMEs?
    Ant Group aims to equip SMEs with AI-driven financial tools and other operational aids to boost their productivity and global competitiveness.

    How is Ant International leveraging AI for SMEs?
    Ant International uses AI through tools like Antom Copilot and EPOS360 to streamline payment integration, onboarding, risk settings, and chargeback management, making these processes more efficient for SMEs.

    What are the benefits of tokenised money for SMEs?
    Tokenised money can facilitate real-time global transactions, providing transparency and credibility for SMEs that operate internationally. Through blockchain-based payments, SMEs can gain a competitive edge in the global market.

  • Facebook fights misinformation with new set of group tools

    Facebook fights misinformation with new set of group tools

    Meta’s Facebook announced that it has taken another step in trying to prevent misinformation from spreading by launching a new set of tools for group admins. These new features are not only meant to identify false information, but they will also help reduce admin workload and, ultimately, make them more efficient while they manage their groups.

    The first and most important new feature introduced this week is the ability through Admin Assist to automatically decline incoming posts that contain false information. Secondly, the “mute” functionality has been further improved and renamed to “suspend,” so admins and moderators can now temporarily suspend group members from posting, commenting, reacting, participating in a group chat, and creating or entering a Room in a group, not just mute them.

    To help admins manage their groups much easier, Facebook added a new feature that enables them to automatically approve or decline member requests, based on specific criteria. Also, the Admin Home design has been updated with a new overview page on desktop, a new layout, and an insights summary on mobile.

    Furthermore, Facebook announced it has added QR codes support, which will allow admins to download or copy/paste from the Share menu and advertise their groups. When scanned, people will be directed to the group’s About game where they can join or request to join. Also, a new option for admins to send invites via email to invite people to join their groups has been added too.

  • Google adds new productivity tools to Lens

    Google adds new productivity tools to Lens

    Whether you’re back working at the office or still working at home, your smartphone can be the productivity tool you need to help you get your job done. Speaking of productivity, Google has announced some new features for Google Lens. The latter uses image recognition to pass along information about objects seen through a phone’s camera. More precisely, the visual analysis is done using AI.

    One new feature will copy handwritten text from a piece of paper and paste it on another device that is signed in to the same Google account as your phone and has the latest version of the Chrome browser installed. All you need to do is point your camera at the handwritten document and using Lens, you highlight the text you want to paste. Tap on “Copy to computer” and paste it on the Chrome browser. This should save you the time it takes to transcribe written notes to your computer.

    Google says that searches related to learning a new language have doubled over the last few months; some people have decided to use the extra time at home to take on this task. Google Lens can help by translating German, Spanish, and more than 100 other languages according to Google. And all you have to do is point your camera at the text to see it translated. And if you’re having a problem with the pronunciation of a particular word, you can now tap the new “Listen” button and hear it spoken as it should be.

    Google Lens can also help you understand a word or a phrase that you see in a newspaper that you don’t understand. With in-line Google Search you can quickly learn new concepts-like gravitational waves-that you don’t understand.

    All of these new features have started rolling out for both iOS and Android devices except for the “Listen” button which will be available for iOS devices later this year. Lens is available on the Google Lens app on Android devices and the Google app on iOS.

  • Shopeline, Asia’s Biggest Smart Commerce Platform, Strengthens Foothold in Southeast Asia

    Shopeline, Asia’s Biggest Smart Commerce Platform, Strengthens Foothold in Southeast Asia

    Shopline, the global smart commerce platform, has today announced the official expansion of its operations to Malaysia. The news follows the closure of a successful US$2 million funding round earlier this year, led by CDIB Capital Group and Alibaba Hong Kong Entrepreneurs Fund, and reaffirms SHOPLINE’s confidence in the Southeast Asia market.

    The start-up, originally founded in Hong Kong, enables merchants to easily set-up online stores, and offers a wide selection of shop designs, payment gateways, and shipping carriers tailored to the needs of local and cross-border merchants. It has grown over the last six years to become the market leader in Asia, helping more than 150,000 entrepreneurs, SMEs and large enterprises such as Durex, Bee Cheng Hiang and Hiwalk go digital. In 2018, SHOPLINE’s merchants reached over 200 million customers.

    The Southeast Asian Digital Opportunity

    Figures from the latest annual Global State of Digital report by Hootsuite and We Are Social revealed an explosion in online engagement across the region, with the Philippines, Thailand, Indonesia and Malaysia all ranking in the top 10 countries on the world’s internet usage index.

    Meanwhile, a recent study by Google and Singapore’s Temasek Holdings predict that Southeast Asia’s internet economy will be worth in excess of US$240 billion by 2025, with e-commerce accounting for 40 percent (US$102 billion), up from 2018’s US$23 billion spend.

    Against this backdrop, the opportunities presented by the booming Southeast Asian digital economy are immense. However, in order to successfully leverage its potential, businesses need to not only ensure they’re in the mix, but that they also provide a seamless and integrated online to offline experience.

    With a strong following in its native Hong Kong, along with offices in Taiwan, Ho Chi Minh City and Shenzhen, SHOPLINE now adds Kuala Lampur to its network, and has plans to further expand its footprint across the region.

    Empowering businesses and merchants in Southeast Asia with smart, omni-channel tools

    Having already supported several launch partners in beginning their online ventures, SHOPLINE will expand its Malaysia offering in the coming months to include its range of online to offline (O2O) solutions, which enable merchants to connect across channels and optimise the customer’s shopping experience.

    Services will include the SHOPLINE Kiosk, a CRM tool that allows users to sign up for membership with a mobile number or email in seconds; the SHOPLINE Broadcast Center, a marketing automation tool enabling merchants to reach customers via Facebook’s chatbot, SMS and email; and Shoplytics, a proprietary smart analytics dashboard that allows merchants to visualise and analyse data related to their store’s web traffic, revenue, product performance, customers, marketing and promotion campaign performance.

    Later this year, SHOPLINE will further look to introduce its cloud-based point-of-sale (POS) system tailored for retailers, enabling them: to keep an accurate record of store transactions; track and manage store inventories; generate real-time sales performance reports; track staff performance and manage payroll; manage membership and more–creating a unified omni-channel solution over multiple store locations.

    Tony Wong, Co-founder and CEO of SHOPLINE said: “We’re delighted to be setting up camp in Kuala Lumpur. Underpinned by strong governmental support and a huge jump in mobile and internet penetration, we see incredible potential in Malaysia, and indeed the wider Southeast Asian digital economy. SHOPLINE is committed to helping our partners – our merchants – grow with us. By introducing our comprehensive range of O2O and POS solutions to new markets, we hope to equip more merchants with the tools they need to go digital and go global, creating a smooth and holistic shopping experience across offline and online channels.”

    He added: “This is an exciting time for the SHOPLINE team. We have grown from a three person team to a company with over 200 employees across the globe. Each office recruits local team members with deep insight into their respective markets, allowing us to provide tailor-made solutions to satisfy our merchants’ individual needs and Malaysia is no exception.”

  • Six great marketing lessons Learned from MarketingPulse

    Six great marketing lessons Learned from MarketingPulse

    “Great ideas should be scary,” advocates Marcelo Pascoa, head of global brand marketing at Burger King, one of the keynote speakers at the recent MarketingPulse event in Wanchai. “When new things come to be, it is often associated with fear. So, my advice to marketers is: be very afraid! If you sleep well the night before your project launches, then the promotion wouldn’t be too spectacular.”

    Pascoa’s projects are known to be bold and daring, even making fun of competitors in the market. One example was a marketing stunt in which people were asked to open the Burger King app at a McDonald’s to win a free burger. As a result, there was a huge leap in interest in the Burger King app and it became the most downloaded app on the store. He said that knowing your work aligns with the brand value is key when facing challenges and criticism. “My biggest fear is being irrelevant. Marketers live in fantasies where they control everything, but social media has proved that we cannot control everything.”

    MarketingPulse second edition

    Pascoa was one of many speakers at the second edition of MarketingPulse, Asia’s premier conference for marketers and brands, held at the Hong Kong Convention and Exhibition Centre. Organised by the Hong Kong Trade Development Council (HKTDC), the key morning session at the event, “Dear Brands, Let’s Sail to the Future!”, featured a heavyweight line-up of industry experts who shared their tricks and tips on how to keep ahead of marketing trends to develop successful brand stories.

    Respect cultural differences

    Endeavor is a brand focusing on entertainment, sports and marketing services. Bozoma Saint John, the company’s chief marketing officer, shared her success stories at Endeavor and in previous high-profile marketing roles at Uber and Apple Music.

    St John recounted some of the marketing stunts that helped to push her brands, from inviting Beyonce to perform at the Super Bowl and promoting Apple Music’s breakup song services through private chat messages between three famous black actresses, to featuring two superstar athletes sharing their thoughts on cultural differences during an Uber ride. These stunts were not only successful in capturing the attention of consumers, but also raised discussions on cultural issues relevant to society as a whole.

    “I am addicted to popular culture,” she declared. “I am always fascinated by the latest and most trendy things and would like to know how they come to be and how they connect with history. People working in the marketing sector represent various cultural differences between different places. We have to know its meaning, why it comes to be, and how cultures interact in order to use popular culture as a marketing tool.”

    Saint John pointed out that there are currently tensions in society which make it important for marketers to understand different communities well and build connections through various emotions in order to avoid controversies such as cultural appropriation.

    Think before you speak

    One of Hong Kong’s best-known creative talents, Juno Mak, creator at Kudos Films, began his presentation by sharing his experience in the entertainment industry and explaining how marketing became part of his everyday life.

    “We do not need to be a businessman to do marketing, as we are already marketing ourselves in our daily lives − our sitting posture, our favourite colours, and our watches, these are all making a promotion out of a life. When you know yourself better, you will know how to do marketing,” he said.

    Mak also made the bold suggestion that we should abandon two things: our resumes, and thoughts that come from the mouth, not the head.

    “Things you write in your resume are tasks completed in the past. But we have to think: what’s next? We should also give up on thoughts that come from our mouths, as they might be copies of other people’s ideas. Thoughts should come from your head − a creation that you agree with.”

    Storytelling techniques

    Jonathan Mildenhall, co-founder and CEO of TwentyFirstCenturyBrand and former chief marketing officer at Airbnb, offered the audience a whole new definition of marketing in the 21st century. “Marketers create assets for the company, including its finance, consumers, employees and cultural assets. Marketing with a clear focus creates unparalleled value,” he said.

    Mildenhall emphasised that storytelling techniques are key to any marketing campaign.

    “I am 100 per cent a supporter of emotional storytelling. If a marketing campaign does not contain a story behind it, it is only market pollution. Stories help us build a signature super-brand that people care about.”

    He shared his experience at Airbnb to illustrate how consumption begins with emotion − for example, bringing the room in a Van Gogh painting to life, or sharing true stories from the community to bring out cultural values.

    “We rationalise our choice of consumption after we create the emotion,” he explained.

    Understanding local tastes

    Keiei Sho, executive officer, GM of overseas business division at Calbee, distributed his company’s popular grilled corn sticks to conference visitors to demonstrate how market tastes can change.

    “People used to say that the corn sticks were too hard and that consumers would not like them,” he said, before revealing that sales were now in the region of US$300-400 million. Sho recounted Calbee’s history, explaining that after the Second World War, Japan was left with devastated industries and faced food shortages. Calbee stepped in to manufacture prawn crackers using the flour left behind by the US Army and shrimps from the Seto Inland Sea, which proved to be a hit.

    The company continues its creative legacy, recently working with 47 Japanese prefectures to create a successful campaign by developing 47 different flavours of chips.

    “We collaborated with local governments to learn about local tastes, hoping to know what would resonate with consumers, while showcasing promotions from various prefectural governments on the back of the bag,” he explained.

    Using its advantages in the areas of food safety and convenient packaging, the brand has continued to push the envelope by launching breakfast food items to attract Chinese visitors and promoting Kyoto’s breakfast culture using online celebrities.

    Embracing consumer insights

    The lingerie brand created by Michelle Cordeiro Grant, founder and CEO of Lively, has embraced the concepts of female empowerment and body acceptance. The company created a new definition of what sexiness means, building a brand that brings community, experience and products together.

     

    Advocating “high style and comfort”, the brand has been communicating with 100 brand ambassadors right from the start to learn about consumers’ needs and elicit useful feedback. Many of Lively’s new underwear lines are launched in accordance with customer preferences.

    Grant said Lively is an experience-focused brand, with its retail stores devoting only 30 per cent of the space to products while the rest is used for events such as hip-hop experiences and movie nights.

    “Lively is an organism with a human soul,” she said. “Normally, females purchase underwear once or twice a year, while our consumers purchase underwear on average four to five times per year. This shows that they are purchasing not out of their ‘needs’, but their ‘desires’.

    “This is key to how we create our market share.”

  • Hangzhou to harness Alibaba Cloud’s AI, analytics tools

    Hangzhou to harness Alibaba Cloud’s AI, analytics tools

    Alibaba Cloud announced at its recent Computing Conference that it will provide its AI, deep learning and data analytics capabilities for two new cutting-edge developments in China.

    Initiated by the Hangzhou government, the “Hangzhou City Brain” is set to address the city’s urban living challenges. As the hub to consolidate data and provide real-time analysis, the “Hangzhou City Brain” will rely on Alibaba Cloud’s AI program ET and big data analytics capabilities to perform real-time traffic prediction with its video and image recognition technologies.

    The project will support transportation departments’ efforts to ease traffic congestion and provide users with real-time traffic recommendations and travel routes.

    “By establishing the Hangzhou City Brain, Hangzhou is taking the lead in harnessing artificial intelligence and deep learning technologies to promote greater sustainability and improve the quality of urban living for Chinese citizens. Alibaba Cloud is proud to support and be part of this important development, “said Dr Jian Wang, chairman of Alibaba Group’s technology steering committee.

    With automated traffic system capabilities, intelligent adjustments of traffic lights will be performed on the spot; when a vehicle changes direction, the green light will automatically be extended. The pilot of world’s most advanced smart traffic management system in the Hangzhou’s Xiaoshan District, which started in September this year, has since seen an increase in traffic speed by 11%.

    The project is being led by the Hangzhou government in coordination with 13 firms including Alibaba Cloud. As part of the project, a research and development team of scientists from various companies has been formed.

    Forming the backbone of the “Hangzhou City Brain” data processing and analysis capabilities is Apsara, Alibaba Cloud’s large scale computing operating system, which is able to cluster millions of servers into a super computer and to support a multitude of cloud-based services by analyzing terabytes of data points. This computational engine is one of the largest of its kind in the world and uses propriety algorithms.

    Paving the way for astronomical data storage and analytics

    Aiming to leverage its technologies for astronomical data collection and analysis, Alibaba Cloud also announced at the Computing Conference its research collaboration with the National Astronomical Observatory of China (NAOC) on deep space exploration.

    The plans are to set up a data and research centre for astronomy, as well as a virtual solar observatory which will be supported by Apsara’s massive scalability and advanced capabilities to process astronomical data.

  • Philippines Plans to Restrict Access to Cash-Mopping Tools

    Philippines Plans to Restrict Access to Cash-Mopping Tools

    The Philippines plans to close a loophole in regulation of trust funds, by restricting those overseen by banks from parking short-term cash at the central bank.

    Bangko Sentral ng Pilipinas is considering limiting lenders’ trust units from placing funds in its short-term deposit facility, monetary board member Felipe Medalla said Tuesday. Policy makers are reviewing access to its liquidity-mopping tools “under the overall framework” of its interest-rate corridor, Governor Amando Tetangco said Wednesday.

    Banks’ trust units have undue advantage over non-bank trust groups that aren’t allowed to put money in the central bank’s special deposit account or SDA facility, and also over lenders themselves that must comply with the reserve requirement, Medalla said in an interview.

    Placements in the so-called SDA facility, which the central bank uses to control liquidity, totaled about $16.8 billion as of December 29. The central bank is preparing to shift to an interest-rate corridor by the second quarter, a move intended to strengthen its policy tools.

    Limiting fund managers’ access to SDAs will make it a purely cash-mopping tool, said Eugenia Victorino, an economist at Australia & New Zealand Banking Group Ltd. in Singapore. In line with plans to shift to an interest-rate corridor system, “the central bank may be thinking of making SDAs a liquidity-management tool that should not be thought of as an investment vehicle.”

    At present, the central bank pays 2.5 percent for funds placed at SDAs, compared with its benchmark rate of 4 percent. The 91-day Treasury bill fetched 1.684 percent at the most recent auction.

    BSP has tools to ensure liquidity growth is healthy and is seeking comments on the proposal, Medalla said.