Disruptive Innovation X Digital Business Transformation XX, National Road 1, Noroth, Chbar Ampov, Phnom Penh (2026)

08/11/2022

SingularityNET is the world’s leading decentralized AI marketplace, running on blockchain. Our core mission is the development of Artificial General Intelligence (AGI) for a beneficial technological Singularity 🌐

30/07/2022

Top 10 Vietnamese banks invest 15,000 billion VND per year in digital transformation

(KTSG Online) – The average investment of VND 15,000 billion per year in digital transformation helps banks leading this trend in Vietnam to achieve 90% of customer transactions on digital channels, exceeding the plan. out 3 years ago.

Sharing at the press conference to announce the event "Digital Transformation Day" in the banking industry on the morning of July 28, Mr. Le Anh Dung, Deputy Director of the Payment Department under the State Bank of Vietnam (SBV), said: Banks consider digital transformation and digital banking development as goals in their business strategies and meet the increasing demands of customers. Accordingly, the group of 10 largest banks in the system invest an average of VND 15,000 billion per year in digital transformation.

As a result, many leading banks in digital transformation in Vietnam have achieved 90% of customer transactions on digital channels, far ahead and far ahead of the target of 70% of customer transactions on digital channels by 2025. mentioned in Decision 810.

Non-cash payment transactions in the first 6 months of 2022 increased by 77.2% in quantity and 29.8% in value compared to the same period in 2021. Internet transactions increased by 63.2% and respectively. 32.3%.

Transactions via mobile phones increased by 98.3 and 84.3% respectively. Transactions via QR code increased by 86% and 127% respectively.

In addition, 5.5 million accounts and about 8.9 million bank cards were opened electronically (eKYC) by the end of June 2022.

Many credit institutions have good performance thanks to active digital transformation, reducing the cost-to-income ratio (CIR) to the threshold of 30%, approaching the rate that many regional and international banks are converting. change the number of efforts towards", Mr. Dung said.

Similarly, global strategic consulting firm McKinsey said that Vietnam's banking industry has the fastest digital banking application rate in the region in 2021, higher than the average growth rate of the whole region and even higher than the emerging market average.

In order to implement innovation, creativity and application of technology to provide products and services, a representative of the SBV said that the banking industry has determined to focus on 5 groups of jobs.

Continue to improve mechanisms, policies, and legal frameworks in banking operations to adapt to the Fourth Industrial Revolution, facilitate and promote business models, governance in the banking sector in a breakthrough direction. , innovate and create but still focus on ensuring network security and protecting consumers' interests in order to limit risks and challenges from the context of Industry 4.0.

Continue to build and perfect technology infrastructure for the supply of digital products; strengthen integration and connection with other ministries, sectors and fields to provide banking products and services on digital platforms; improve service quality and increase convenience and experience for customers.

Prioritize investment and strongly apply digital technologies to banking activities; prioritizing the development of banks following the digital banking model, in which digital payment is taken as a gateway to seamlessly connect with other banking services such as mobilization, lending, investment, insurance... and communication. convenient with external digital ecosystems to provide safe, convenient, personalized products and services at a reasonable cost and transparency.

Focusing on human resources, considering quality human resources as a decisive factor for success in bank digital transformation. Strengthening training and retraining, improving the quality of human resources, helping employees of the banking industry to be equipped with skills and develop capacity to adapt to the context of Industry 4.0.

Continue to strengthen communication, financial education, raise people's awareness and understanding about digital applications and notes to prevent and avoid risks when conducting transactions in the electronic environment.

12/06/2022

Golden Gate Ventures (GGV) is a venture capital fund (VC) headquartered in Singapore, focusing on Southeast Asia and founded by investors from Silicon Valley. Since 2011, GGV has established 4 funds, manages $250 million in assets and invests in more than 60 companies.

GGV currently has representative offices in Singapore, Vietnam and Indonesia, which are considered the "Golden Triangle of Startups" of Southeast Asia. Two offices of GGV just opened in Vietnam are located in Hanoi and Ho Chi Minh City.

GGV's portfolio has many unicorns, including payment platform Stripe - one of the most valuable startups in the world with a valuation of up to $ 95 billion. Other billion-dollar startups in the category such as shipping company Ninja Van (Singapore); used car trading platform Carro (Singapore); e-commerce platform Carousell (Singapore); Fintech startup Xendit (Indonesia)...

GGV also poured capital into Funding Societies – a digital capital funding platform for Southeast Asian small and medium enterprises (SMEs) – which has been invested 22.5 million USD by the unicorn of Vietnam's VNG. In addition, the fund's portfolio also includes a series of other startups such as Homage, Goplay, Nextpay...

Vietnamese startups invested by GGV: Mio, Vui App, Loship, Appota, BaoKim. vn, WiFi Chua (disinvested)

(According to the President)

24/05/2022

𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻: 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗱𝗮𝘁𝗮 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺?
Ecosystems (interconnected sets of services in a single integrated experience) have emerged across a range of industries, from financial services to retail to healthcare. Ecosystems are not limited to a single sector; indeed, many transcend multiple sectors.
For traditional incumbents, ecosystems can provide a golden opportunity to increase their influence and fend off potential disruption by faster-moving digital attackers. For example, banks are at risk of losing half of their margins to fintechs, but they have the opportunity to increase margins by a similar amount by orchestrating an ecosystem.
Many ecosystems focus on the provision of data: exchange, availability, and analysis. Incumbents seeking to excel in these areas must develop the proper data strategy, business model, and architecture.
A data ecosystem is a platform that combines data from numerous providers and builds value through the usage of processed data. A successful ecosystem balances two priorities:
𝟭. Building economies of scale by attracting participants through lower barriers to entry. In addition, the ecosystem must generate clear customer benefits and dependencies beyond the core product to establish high exit barriers over the long term.
𝟮. Cultivating a collaboration network that motivates a large number of parties with similar interests (such as app developers) to join forces and pursue similar objectives. One of the key benefits of the ecosystem comes from the participation of multiple categories of players (such as app developers and app users).
There are five questions that incumbents must resolve when setting up their data ecosystem:
𝟭. How do we exchange data among partners in the ecosystem?
𝟮. How do we manage identity and access?
𝟯. How can we define data domains and storage?
𝟰. How do we manage access to non-local data assets, and how can we possibly consolidate them?
𝟱. How do we scale the ecosystem, given its heterogeneous and loosely coupled nature?
The success of a data-ecosystem strategy depends on data availability and digitization, API readiness to enable integration, data privacy and compliance (for example, General Data Protection Regulation -GDPR), and user access in a distributed setup. This range of attributes requires companies to design their data architecture to check all these boxes.
𝙔𝙤𝙪 𝙘𝙖𝙣 𝙖𝙡𝙬𝙖𝙮𝙨 𝙘𝙤𝙣𝙩𝙖𝙘𝙩 𝙢𝙚 𝙞𝙛 𝙮𝙤𝙪 𝙣𝙚𝙚𝙙 𝙩𝙤 𝙠𝙣𝙤𝙬 𝙝𝙤𝙬 𝙩𝙤 𝙗𝙚 𝙨𝙪𝙘𝙘𝙚𝙨𝙨𝙛𝙪𝙡 𝙞𝙣 𝙮𝙤𝙪𝙧 𝘿𝙞𝙜𝙞𝙩𝙖𝙡 𝙏𝙧𝙖𝙣𝙨𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 𝙟𝙤𝙪𝙧𝙣𝙚𝙮.

07/05/2022

Crypto cards primarily come in two types: debit cards that convert cryptocurrency into fiat so that it can be used to make a payment, often with additional crypto rewards, and fiat-based cards that provide crypto as a cashback reward. Or, in the case of the Nexo Card, cardholders can use held crypto assets to open a line of credit and make purchases in fiat while using their crypto holdings as collateral.
Looking at the crypto card schemes on offer, we found the following trends:
📱 Some cards require you to be holding a certain amount of crypto to apply. For example, to obtain a virtual Nexo Card, users must have a portfolio balance amounting to at least $50.
🎯 With some cards, the crypto rewards you receive for purchases are based on the amount of crypto you stake. With the Crypto.com Visa Card, the number of CRO tokens you have staked determines the CRO rewards that the user will receive. For example, if your held tokens amount to a value of £300,000, you will receive the maximum CRO reward of 8% on transactions, whereas if you have less than £300 staked you will only receive 1% in CRO cashback.
💳 Rewards are received in a variety of cryptocurrencies, depending on the company. For example, Crypto.com Visa Card users can only receive their rewards in CRO, whereas Gemini Credit Card users can receive their rewards in one of more than 60 cryptocurrencies.
💰 The majority of crypto cards we track don’t have transaction fees for payments, except for the Binance Visa Card, with charges for transactions and ATM withdrawals up to 0.9%.
🌎 Many crypto cards don’t charge FX transaction fees, meaning they will convert crypto directly into the fiat currency needed to make foreign purchases abroad without any additional charge. Exceptions here were BitPay, which charges 3% FX fees for payments outside the US, and Nexo, which is only free of FX fees up to €20,000 (depending on the amount of NEXO tokens being held).
Many of the crypto cards have been launched in the last few years, which makes this a nascent area that will be subject to a lot of change as challengers continue introduce new offerings.
FXC Intelligence

19/04/2022

The Index (DMI) is a Maturity Reference Model and related Body of Knowledge that represents the Key Capabilities and their respective Maturity Levels for any Organisation’s Digital Business Management and Performance.
“Capability can be defined as the ability to mobilise resources to achieve an aim”
“Capability Maturity can be defined as the Functioning Level (Habituated Level) that determines a level of Performance and the Learning Level (Change Capability)”
The purpose of the DMI is to provide users with a researched, and scientific set of Information and tools, that enable them plan and implement Digital Transformation, Change and Improvement in a way that their Digital Business Aims and Ambitions, which provides greater assurance they will be achieved. It enables appropriate consideration of the starting point context for the Organisation, and provides a relevant roadmap to select and develop those priority Digital Capabilities required to achieve their specific business aims.
The ‘Constructs’ for Digital Maturity - Image
Maturity Assessment and Improvement.
A comprehensive set of ‘User Configurable’ & ‘Standard’ online Maturity Assessments are available on the Platform Plans:
• Discover your organisation’s current Digital Capabilities & their Maturities.
• Identify, Analyse & Prioritize those Digital Capabilities required to achieve the Aims and Objectives and build ‘Digital’ Innovation, Agility, Productivity, Collaboration and Culture.
• Set target maturities for priority Capabilities and assign ownership for achieving targets.
• Get appropriate action guidance for all chosen Capabilities (Dynamics & Constructs)
Source: Organisation Development Tools Institute

#2022

15/02/2022

👉McDonald's officially joins the metaverse with an application to open a virtual restaurant
McDonald's is planning to become part of the metaverse, according to the company's recent trademark applications.
👉According to information shared by attorney Josh Gerben, McDonald's filed ten trademark applications on February 4 to offer virtual goods and beverage products using NFT. Besides, the company is preparing to operate a metaverse restaurant.
McDonald's also included its McCafe trademark in the application. The brand will be ready to provide entertainment services such as live music performances in the metaverse and many other diverse events. The move is intended to help McDonald's compete with other emerging players, such as Animal Concerts and Warner Music Group (in conjunction with The Sandbox). Because it eliminates the geographic barrier that prevents fans from seeing their favorite artists perform, and significantly reduces touring costs.
👉On the other hand, the actual events integrated into the metaverse are becoming more and more popular and accessible to the community in recent times. Notable cases such as the 2022 New Year's Eve Party in Times Square, the Australian Open (AO) tournament and the virtual Samsung store have all been brought to the Decentraland (MANA) metaverse universe.
👉However, Josh Gerben observes that the domino effect is strongly established. 2022 will most likely see explosive entry into the metaverse from all major traditional brands. This is entirely possible because the average time it takes for the United States Patent and Trademark Office (USPTO) to review an application is about 9 and a half months. Therefore, no one will want to be late in this fertile game.

12/02/2022

👉If there is one fundamental way that is changing the entire industry – and beyond – this has to do with the myriad ways with which it powers , from complementary use-case add-ons to entire business models. Let’s take a look.
In broad and simplified terms, what we tend to refer to as Open Banking today is nothing else but the evolution of into open APIs in a value creation model that is directly resulting from sharing, providing and leveraging access to data.
However, what started as way to address the inefficiencies created through the banks’ monopoly on customer data is now being transformed to an enabling digital infrastructure in its own right, underpinning many of today’s FinTech biggest innovations.
Examples abound: from single, global account aggregation & visualization to the automatic verification, identification and access to account balances when performing a lending risk assessment to advice and analytics insights and recommendations for wealth management to payments of all kinds, just to name a few.
A recent analysis from Platformable on Open Banking trends holds some interesting findings:
— continue to stand out as the biggest use case (with 702 API-enabled FinTech applications from a total of 1943, as of Q4 2021)
— Four of the top 10 FinTech sub-categories are payment apps predominantly targeting SMEs
— There is a strong correlation between the level of API standards adoption and the number of FinTechs within a country ecosystem
Going forward, the evolution and maturity of open banking will play out across 4 main pillars:
— The re-positioning of incumbent and challenger players alike along the entire value chain
— Open Banking adoption driven by an accelerated shift towards platforms, marketplaces and ecosystems, which are emerging as the dominant business model of the future
— The gradual transition to Open Finance with more complex use cases and the inclusion of higher-margin and more elaborate offerings such as mortgages, investments and insurance
— But above all open banking becoming an indispensable infrastructure layer powering end-to-end FinTech offerings from digital banking to payments to alternative lending and beyond.
Opinions: Panagiotis, Graphic source: Platformable, Open Banking/ Open Finance Trends Q1 2022

11/02/2022

👉The Anatomy of the Perfect Digital Marketer:
➡️ Strategist
➡️ Creative
➡️ Flexible
➡️ Empathy
➡️ Content Centred
& more 👇👇👇

08/02/2022

👉Tokenization

Tokenization, when applied to data securitization, is the act of exchanging a highly sensitive data element for one with less sensitive information. This less sensitive data often referred to as a Token usually has no major value that malicious actors can draw on to exploit. The token represents underlying data, which could be a bond, stock, primary account number, credit card payments, or a host of other things. The token is usually an identifier that can lead back to its underlying data. The transfer of data from the token to the data behind it, and vice versa is only possible through a tokenization system.

Data tokenization can also be related to blockchain technology and cryptocurrencies. In this context, tokenization is a process in which some assets are transformed into a token, resident on the blockchain. This usually makes it easy to store, record, and subject to the overall features of assets built with blockchain technology.

03/02/2022

YourParkingSpace (UK) is an online commerce platform where landlords rent out entrances as well as empty spaces for those in need of parking. Total income in 2021 from this business was revealed to be $35 million, higher than $28 million in 2020 and $32 million in 2019.
London has the highest rental fees in the UK. Homeowners here grossed a total of $15.61 million last year just by letting someone else park in the driveway, or vacant space owned but not in use.
Their "colleagues" in other cities have more modest income, such as in Manchester $ 1.98 million, Bristol $ 1 million, Liverpool nearly $ 800,000 or Birmingham about $ 760,000.
"Places near busy locations like airports, train stations and offices bring in more money than other places. Parking is expected to continue to grow in 2022," said Harrison Woods, chief executive officer of YourParkingSpace. review.
The idea of this business was launched by the website mentioned above and quickly put into practice. Money is calculated by the hour, day, week or month. Rates vary widely, can be as little as $2.7 per hour or up to $20 and even more expensive, depending on the region and needs.
On the online parking service, owners of homes with free space can register, address and describe the place to rent. They can also set the rental price as well as the time allowed, for example only when they are not at home.
The service also provides about 4,000 parking spaces for electric vehicles, which means charging is available. Owners of these parking spaces may charge a higher rental fee than usual.

23/01/2022

You probably don’t need a doctorate in the field to know but I’ll tell you anyway... this is what a non-ambidextrous organization looks like.
https://lnkd.in/g5wGxvaY

Disruptive Innovation X Digital Business Transformation XX

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