Wealth advisors are facing a turning point. Those who adopt advanced technology may experience increased productivity, reduced costs, and improved client satisfaction.

On the other hand, those who fail to evolve risk being left behind as the market becomes more competitive and clients’ expectations grow.

Wealth advisors have faced mounting pressures in recent years. This has come from increasing client demands, regulatory burdens, and the rise of fragmented technology systems complicating their ability to deliver high-quality financial advice. 

For Australian investors, this has become particularly critical following the 2023 Royal Commission report, which exposed serious shortcomings in the wealth management industry and led to a sharp reduction in the number of financial advisors—from 28,000 to 16,000.

The result? A growing productivity crisis for wealth advisors, with fewer professionals left to manage an ever-increasing number of client portfolios.

This crisis is not just about internal inefficiencies; it has serious implications for investors. As the industry evolves, the quality of financial advice, the accessibility of services, and even the overall performance of investments are at stake. 

For investors, the question is not just whether their advisor is managing portfolios well, but whether they have the right tools to do so in an increasingly complex and cost-pressured environment.

The cost of fragmented systems: What investors should know

Many advisors rely on multiple systems and platforms to manage client portfolios, execute trades, and generate reports. This patchwork approach is cumbersome, inefficient, and prone to errors. 

For investors, this means that advisors may be working with fragmented data, leading to delays in decision-making and a lack of comprehensive oversight. Imagine an advisor logging into five different systems just to get a clear picture of a client’s assets. 

Not only is this time-consuming, but it also increases the likelihood that critical information may be overlooked or misunderstood.  As a result, investors could face slower response times, delayed financial insights, and even suboptimal advice.

Also Read: A startup lawyer’s guide to non-standard investment term sheets

In today’s fast-moving financial markets, where real-time data can make or break investment opportunities, this inefficiency poses a serious risk to portfolio performance.

The problem is exacerbated by the shrinking pool of advisors, especially in Australia. With fewer professionals available, those who remain are handling larger client loads and more complex portfolios. This increased workload, combined with fragmented systems, leaves less time for personalised advice and strategic planning—key elements of effective wealth management.

Technology as the solution: How it’s changing the game

Fortunately, technology is stepping in to address this productivity gap. A new generation of platforms is helping advisors streamline their operations, potentially allowing them to provide more timely, personalised, and efficient service to investors.

These platforms, such as Orion Advisor Solutions, Morningstar Office, and Black Diamond Wealth Platform, are designed to consolidate all client data into a single, easy-to-navigate system. This not only saves time but also ensures that advisors have a complete, real-time view of their clients’ financial situations.

ViewTrade’s “OneView” platform, for instance, offers a consolidated platform that integrates portfolio management, trading capabilities, and real-time market data into one interface. Advisors can manage multiple client accounts from a single dashboard, execute trades efficiently, and offer more informed advice, all without switching between systems.

This improvement in workflow is crucial for both advisors and their clients, as it allows for faster decision-making, fewer errors, and more accurate financial insights. For investors, the benefits of these platforms are clear. When advisors use integrated technology, they can focus more on strategy and client engagement, rather than spending time on administrative tasks.

This translates into better, more proactive advice tailored to the investor’s specific needs. Moreover, real-time data ensures that advisors are making decisions based on the most current market information, helping investors capitalise on opportunities as they arise. Platforms like Addepar and Charles River Development are also playing a role in democratising financial advice, making wealth management services more accessible to a broader range of clients.

Also Read: Navigating wealth management: The emergence of new family offices in Singapore

By automating many of the tasks that once required significant time and manpower, these platforms allow advisors to serve more clients—particularly those with smaller portfolios—without compromising the quality of service. This shift is especially important as more investors, beyond high-net-worth individuals, seek professional advice.

What this means for investors: A changing landscape

As the wealth management industry evolves, the implications for investors are important. 

First and foremost, investors must consider how their wealth advisors are adapting to these technological changes. Are they using the best tools available to manage portfolios efficiently, and generate the best returns at the lowest cost? 

For Australian investors in particular, the post-Royal Commission landscape has added urgency to these considerations. Advisors now face stricter regulatory requirements, reduced fees, and those who fail to adopt advanced technology risk falling behind in both compliance and client service. 

Investors should be proactive in assessing whether their advisors are using technology to not only meet these regulatory standards but also to deliver more personalised, informed advice.

Looking ahead, the wealth management industry is likely to see further consolidation. 

Advisors who embrace technology will thrive, offering more efficient and cost-effective services to their clients. Those who do not risk becoming obsolete, as investors gravitate toward firms that can offer better service, and better returns, at lower costs.

New technologies allow for greater transparency, faster decision-making, and a more personalised approach—all of which are essential in navigating today’s complex financial landscape.

The productivity crisis facing wealth advisors is not just an internal industry issue—it has far-reaching implications for investors. The adoption of technology is key to ensuring that investors receive timely, informed, and personalised advice. 

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Artificial Intelligence (AI) is rapidly transforming industries worldwide, and its impact on startups and small and mid-sized enterprises (SMEs) is growing every day. This article kicks off a new series by e27 focussed on exploring how AI is reshaping the business landscape for growing startups and SMEs.

Through this series, we aim to provide valuable insights into the increasing relevance of AI, its practical benefits, and the challenges and solutions surrounding its adoption. In each instalment, hear directly from leading companies driving AI innovation as they share insights and offer practical advice for businesses navigating today’s competitive market.

We begin with Alex Chatpaitoon, Marketing Manager for Southeast Asia at iFLYTEK, a global leader in AI and voice technology, to explore how AI is empowering SMEs and how iFLYTEK is shaping this transformative landscape.

What does iFLYTEK do, in a nutshell

We provide a suite of AI-powered tools tailored to SMEs, including voice recognition and natural language processing (NLP) that enhance customer interactions through intelligent voice assistants. Our AI virtual anchors break language barriers by creating multilingual content, supporting global expansion efforts for SMEs. Additionally, our personalized marketing tools leverage customer data to design targeted campaigns, driving higher engagement and boosting sales.

These solutions are designed to help SMEs streamline operations, improve customer experiences, and scale effectively.

iFLYTEK’s journey into AI

Our journey into AI was driven by a mission to enhance communication through technologies like NLP and speech recognition. From the beginning, we aimed to make AI accessible and user-friendly, recognizing its transformative potential to automate tasks, improve efficiency, and deliver personalized experiences. This commitment to innovation aligns perfectly with current industry trends, as more SMEs adopt AI to remain competitive and unlock new growth opportunities.

Why AI is essential for SMEs today

AI is no longer exclusive to large corporations; it has become essential for SMEs to remain competitive in today’s rapidly evolving business environment. It optimizes operations, enhances decision-making, and creates personalized customer experiences.

By automating routine tasks, improving supply chain efficiency, and streamlining processes like HR and finance, AI enables SMEs to operate more effectively. Additionally, it helps analyse large datasets to uncover insights into customer behaviour and market trends, while personalised marketing powered by AI fosters stronger relationships through tailored experiences.

Also read: The art of AI integration: Growing your business with chatbots and human expertise

The biggest benefits of AI for SMEs

Cost savings and improved efficiency are some of the most impactful benefits of adopting AI. AI-powered tools automate repetitive tasks, optimize workflows, and manage customer inquiries through chatbots and virtual assistants, enabling SMEs to operate more effectively while significantly reducing costs.

AI also transforms customer service, a critical area for SMEs, by providing round-the-clock support through virtual assistants and chatbots. This not only speeds up response times but also greatly improves customer satisfaction.

Challenges to AI adoption

Fear of complexity and concerns about data privacy are among the biggest obstacles preventing SMEs from adopting AI.

To overcome these challenges, it’s important to start small by focusing on specific areas such as customer support or inventory management. Partnering with reliable AI providers and implementing robust cybersecurity measures can also help address these concerns, making the transition to AI smoother and more secure.

Misconceptions about AI

Many SMEs worry that AI might replace jobs, but the reality is quite the opposite. AI is designed to complement human work by automating repetitive tasks, allowing employees to concentrate on strategic and high-value responsibilities. Rather than eliminating roles, AI enhances productivity and empowers teams to work more effectively.

The trends shaping the future of AI for SMEs

In the coming years, we expect significant advancements in cyber protection, with AI-powered tools preventing fraud and ensuring secure transactions, as well as in personalized marketing, where AI analyzes customer behavior to create tailored strategies that boost sales and foster loyalty.

AI will also be pivotal in breaking down global communication barriers. Our AI-powered language solutions enable seamless multilingual interactions, allowing SMEs to connect with diverse markets more effectively.

Also read: How technology can bridge language barriers to build an inclusive society

How can SMEs can start their AI journey

Getting started with AI begins by assessing existing workflows to pinpoint areas where automation can make the most impact. It’s equally important to prepare teams by providing training and addressing any concerns about AI’s role in the workplace. Starting with small pilot projects allows SMEs to test solutions and gradually expand AI integration.

By taking these manageable steps, SMEs can unlock AI’s immense potential without overwhelming their resources.

On iFLYTEK’s role in shaping AI adoption

At iFLYTEK, our contributions to AI innovation include advancements in speech recognition, natural language processing, and multilingual capabilities. Our mission is to break communication barriers and enable businesses to connect on a global scale.

Through the development of cutting-edge AI technologies, we strive to empower SMEs to engage customers more effectively, streamline their operations, and expand their reach with confidence.

 

Founded in 2010, iFLYTEK is a Chinese leader in AI and voice technology, offering development kits such as TTS, ASR, and NLP SDKs that serve over 800,000 developers worldwide. With a mission to enhance human-machine interaction and drive AI adoption across industries, iFLYTEK delivers innovative solutions to transform businesses. Learn more from their website.

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This article is part of e27’s special series on Artificial Intelligence for Startups and SMEs, where we explore the transformative power of AI in helping startups and small and mid-sized enterprises navigate today’s competitive landscape.

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Singapore has emerged as the global leader in AI infrastructure, according to a new study by Arkance, a global platform for digital transformation in the architecture, engineering, and construction (AEC) industry.

The study analysed various metrics, including AI venture capital investment, talent pool, research output, broadband speeds, cybersecurity, and government technology maturity, to rank countries based on their AI infrastructure readiness.

Also Read: AI gold rush: How OpenAI’s Singapore expansion could reshape the startup ecosystem

Singapore achieved an impressive score of 8.91 out of 10, securing the top spot. The city-state boasts the highest AI venture capital investment per US$1,000 of GDP, reaching a remarkable US$14 million. This highlights the country’s thriving environment for AI innovation and its commitment to fostering a robust AI ecosystem.

The study also reveals that Singapore excels in AI talent, with 8.80 AI specialists per 1,000 LinkedIn members. Its research output is equally impressive, with 31.8 per cent of research papers involving AI – a staggering 90 per cent more than the United States.

Beyond its strong AI foundations, Singapore’s robust digital infrastructure plays a crucial role in its success. The country boasts impressive broadband speeds of 305 Mbps, outperforming Germany by over 3x. This, coupled with a cybersecurity score of 9.85 out of 10, demonstrates Singapore’s commitment to safeguarding its digital infrastructure.

South Korea secured the second position with a score of 7.71 out of 10, demonstrating its strong AI capabilities. South Korea shines in government technology maturity, achieving the highest score of 9.91 out of 10 in this category. The country also showcases advanced AI implementation capabilities with a score of 9.40 out of 10.

The United Kingdom claims the third spot with a score of 6.93 out of 10, highlighting its substantial investments in AI. Notably, the UK boasts the highest cybersecurity score globally at 9.95 out of 10, reinforcing its strong focus on digital security.

Finland and India share the tenth position with a score of 5.26 out of 10. While Finland demonstrates strength in AI talent and research, India exhibits strong progress in AI venture capital investment and research contributions.

The study underscores the growing importance of AI infrastructure in shaping the future.

As Greg Arranz, CEO of Arkance, notes, countries investing in AI infrastructure are positioning themselves for significant growth, global leadership, and breakthroughs in industries that depend on automation and efficiency.

Also Read: One-third of Singaporeans never used AI tools in their workplaces: Survey finds

The rise of AI-powered automation in sectors like AEC offers immense potential for streamlining design, enhancing construction management, and improving project outcomes. Building a robust digital ecosystem encompassing AI talent, research, and reliable internet infrastructure is crucial for advancing local economies and driving innovation.

As the global AI landscape evolves, Singapore’s leadership in AI infrastructure serves as a model for other nations seeking to harness AI’s transformative power. By prioritising key areas like investment, talent development, research, and digital security, countries can pave the way for a future driven by AI-powered innovation.

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Southeast Asia’s tech startup ecosystem witnessed a significant downturn in funding during November 2024, raising concerns about investor confidence in the region.

According to data from Tracxn, startups in the region secured a total of US$84.2 million across 20 funding rounds in November. This represents a substantial decline of 66.18 per cent compared to the previous month and a 76.55 per cent drop compared to the same period last year.

Also Read: Healthtech, edutech dominated SEA’s funding scene in past 5 years: Tracxn

The data highlights a worrying trend of declining investments in Southeast Asian startups. While several factors could contribute to this downturn, including global economic uncertainties and a potential shift in investor focus, it underscores the challenges startups face in securing capital.

Despite the overall slump, some venture capital firms remain active in the region. Notable players like Skyland Ventures, Wavemaker Partners, Kopital Ventures, and Skystar Capital participated in multiple funding rounds during November. These firms appear to be strategically targeting specific sectors and startups with strong growth potential, even amidst a challenging funding environment.

Key highlights from the November funding landscape include:

• Total funding: US$84.2 million across 20 rounds.
• Most active VCs: Skyland Ventures, Wavemaker Partners, Kopital Ventures, and Skystar Capital.
• Top deals: StakeStone, Cycle Network (Wavemaker Partners), Portcast, Pi-xcels (Kopital Ventures), Dat Bike, Mimin (Skystar Capital).

Also Read: Smaller in numbers, bigger in impact: Female founders secure larger seed rounds

The November funding figures serve as a stark reminder of the startup ecosystem’s volatility. While Southeast Asia holds immense potential for tech innovation and growth, startups and investors must navigate the current funding climate cautiously and adapt their strategies accordingly.

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In the global landscape of innovation and entrepreneurship, Singapore and Israel have emerged as formidable startup powerhouses. Despite their geographical and cultural differences, both nations have cultivated vibrant startup ecosystems that have driven impressive technological and economic growth.

This article delves into the comparative strengths and dynamics of Singapore and Israel, two hubs that are shaping the future of global innovation.

Strengths of Singapore

Singapore’s ascent as a startup hub is underpinned by several key factors:

Pro-business policies and ease of doing business

The Singaporean government has established a highly conducive regulatory environment for business operations. Ranked second globally in ease of doing business, Singapore benefits from streamlined processes for company registration, favourable tax policies, and robust intellectual property laws. These factors have made it an attractive destination for international entrepreneurs looking to set up shop in Asia.

Strategic geographic location

Situated at the crossroads of major global trade routes, Singapore serves as a gateway to the burgeoning markets of Southeast Asia. The city-state’s position has facilitated easy access to a diverse and expansive customer base, which continues to drive regional growth. Southeast Asia’s digital economy alone is projected to reach US$363 billion by 2025, providing ample opportunities for startups to tap into emerging markets.

Government initiatives and infrastructure

Programs like the Smart Nation initiative and investments in digital infrastructure have accelerated Singapore’s tech capabilities. Government agencies such as Enterprise Singapore and the Economic Development Board actively support startups through funding, mentorship, and expansion programs.

In 2021 alone, the government committed approximately US$25 billion to research, innovation, and enterprise efforts for the next five years, with a strong emphasis on digital transformation.

Education and talent development

Singapore’s emphasis on education, especially in science, technology, engineering, and mathematics (STEM), has cultivated a highly skilled workforce. The country ranked 19th globally for its digital skills proficiency, with particularly high levels of talent in emerging areas like AI and data analytics. This focus on STEM and collaborations between universities and industries create a continuous pipeline of talent to fuel the startup ecosystem.

Also Read: Money travelling: Insights from Singapore Fintech Festival on travel and finance

Strengths of Israel

Often dubbed the “Startup Nation,” Israel has built a dynamic startup ecosystem characterised by several unique advantages:

Culture of innovation and risk-taking

With a societal embrace of entrepreneurship and a willingness to take risks, Israel has developed a fertile ground for startups. This mindset is reflected in the numbers: Israel boasts the highest number of startups per capita in the world, with approximately 6,000 active startups in a country of just nine million.

Strong venture capital ecosystem and private funding

Israel’s venture capital landscape is robust, with significant investments fuelling startup growth. Despite adverse geo-political circumstances, recent fund-raising rounds have included series A rounds such as the US$10M raised by cash management startup Panax; to a US$200M series D raised by Armis security which increased its valuation to US$4.3 billion. Such funding rounds underscoring the confidence investors have in Israeli innovation.

Military technologies

Israel’s military, particularly its elite Unit 8200, has produced a wealth of technological expertise that transitions into the civilian sector. Many cybersecurity startups in Israel trace their roots to technologies originally developed for defence. This advantage has contributed to Israel’s leading position in cybersecurity innovation, with the country accounting for nearly 31 per cent of global cybersecurity investments in 2020.

Focus on deep tech and cutting-edge industries

Israeli startups frequently engage in deep tech fields such as artificial intelligence, biotechnology, and advanced materials. Israel ranks 10th globally in AI research output, with a strong focus on sectors like medical AI, which has driven innovations that contribute to advancements in health tech worldwide.

Also Read: 5 common mistakes in financial modelling during startup fundraising

Comparative growth dynamics

While both countries have thriving startup ecosystems, their growth dynamics differ:

Cultural attitudes toward entrepreneurship

Israel’s informal, direct communication style promotes rapid decision-making and adaptability—traits well-suited to the fast-paced startup world. In contrast, Singapore’s structured culture places a stronger emphasis on planning and risk mitigation, a difference that shapes how startups in each country approach challenges and opportunities.

Regulatory frameworks and government support

Singapore’s government takes a proactive role in supporting startups through grants, tax incentives, and infrastructure development. Meanwhile, Israel leans more heavily on private sector initiatives and venture capital to fuel growth. The two approaches reflect the unique strengths of each nation: Singapore’s stable, top-down government support and Israel’s agile, innovation-driven private sector.

Challenges faced

Both nations face limitations. Singapore, with its smaller domestic market, often requires startups to pursue international expansion early. Israel’s startups, on the other hand, contend with geopolitical challenges and similarly rely on global markets from the outset. These factors drive both ecosystems to prioritise adaptability and global reach.

Global impact and future outlook

Both Singapore and Israel wield significant influence over global tech trends. Singapore’s strategic location and pro-business environment position it as a gateway for startups looking to penetrate Asian markets.

Meanwhile, Israel’s deep tech capabilities contribute to advancements in diverse industries, from AI to cybersecurity. As startup ecosystems, both countries offer valuable insights into fostering innovation and scaling businesses on a global stage.

Whether it’s Singapore’s regulatory strengths or Israel’s culture of bold innovation, each country provides a unique model for building a thriving, globally impactful startup environment.

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Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Inside SAFE STEPS: How community engagement and tech innovation drive disaster resilience

In recent years, Asia has endured a series of devastating natural disasters. From the relentless monsoon floods in India and Pakistan to the widespread destruction caused by Typhoon Saola in the Philippines and Hong Kong, the region is no stranger to the force of nature. These calamities have underscored the urgent need for innovative solutions to protect vulnerable communities and strengthen disaster preparedness. With climate change intensifying the frequency and severity of such events, the time for action is now.

Against this backdrop, Prudence Foundation brought together innovators, industry leaders, and passionate advocates in a virtual forum. D-Tech Spotlight: Disaster Resilience via Technology, held last 27 November, showcased what technology can do to mitigate disasters. Central to the event were 13 innovative startups revolutionising this space. Joining them were Amazon Web Services (AWS), the United Nations Office for Disaster Risk Reduction (UNDRR), and other key organizations, supported by the leading tech media platform, e27.

Also read: Can Southeast Asia’s climate tech heroes bridge the gap between profit and planet?

Prudence Foundation leading the charge in disaster resilience

With climate change accelerating the frequency and severity of natural disasters, the need for innovative solutions to build resilience has never been more urgent. “With increasing threats from climate change, the need to build resilience and support disaster mitigation solutions has never been greater,” said Nicole Ngeow, Director of the Prudence Foundation. She underscored the foundation’s long-standing commitment to disaster risk reduction, particularly through its flagship initiative, the D-Tech Awards. This program identifies and supports emerging technologies that can protect lives and livelihoods before, during, and after disasters.

The program has evolved over the years into a powerful community-driven initiative. Specifically, it aims to catalyze investments and innovations focused on disaster resilience. By bringing together a diverse range of stakeholders, Prudence Foundation fosters collaboration. Together, they tackle the growing challenges posed by climate-related hazards. Its stakeholders include startups, government agencies, and private sector leaders. Through programs like D-Tech Awards and D-Tech Community Hub, the foundation seeks to promote scalable solutions. These not only address immediate disaster impacts but also strengthen communities in the long term. As a result, communities are better prepared for future crises.

Building resilience together: Insights from leaders at D-Tech Spotlight

Tuan Nguyen, AWS Senior Partner Lead for the Public Sector Industry (APAC), then shared insights into Amazon’s disaster preparedness efforts. This includes their work with CropIn to reduce crop loss using climate-resilient technologies. Through this collaboration, AWS helps provide farmers with predictive analytics and real-time weather data.  This optimizes agricultural practices, ensuring that crops are better protected against unpredictable climate patterns. “Since 2017, we’ve responded to 145 natural disasters, leveraging cloud technology to enable solutions like climate-resilient agriculture,” he shared.

Takeshi Komino, Vice President of Asian Disaster Reduction and Response Network (ADRRN), spoke on the resilience movement in Asia. He acknowledged the region’s vulnerability to disasters and called for a transformation towards greater resilience by 2030. He stressed the need for innovation, particularly in addressing cascading risks from climate-related disasters. Building on this, UNDRR’s Yanick Michaud-Marcotte reinforced the importance of the private sector in disaster risk reduction. He noted their work with organisations like ADRRN and emphasised the shared responsibility between government, private sector, and technology providers in reducing disaster impacts.

Showcasing health and water sanitation tech

D-Tech Spotlight showcased a series of innovative companies that are transforming disaster preparedness and response using technology. This includes sectors like healthcare, water and sanitation, disaster management, connectivity, mobility, and community resilience.

StratifiCare and HELF AI are using AI and predictive analytics to address health risks during natural disasters. StratifiCare focuses on optimizing hospital resources during dengue outbreaks, using StratifiDen, a predictive blood test, to prioritize patient care and reduce unnecessary hospitalizations. HELF AI, through its platform, provides real-time guidance for healthcare professionals in emergencies, improving decision-making and disaster management in developing regions.

Wateroam and DayZero are tackling water scarcity and purification in disaster-affected areas. Wateroam’s portable filtration systems, such as the ROAM Protector Plus, provide clean drinking water in under an hour, with the goal of reaching 30 million people by 2030. DayZero offers a UV water purifier that works without external power, ensuring access to safe drinking water in emergencies. Both companies focus on supporting Sustainable Development Goal 6 by improving water access during disasters, and their technologies are already being tested and implemented in regions affected by crises.

Also read: Living in the age of disasters: How global partnerships are shaping D-Tech

Highlighting monitoring and communication

The D-Tech Spotlight session also highlighted advances in disaster management and monitoring. Alerto PH uses IoT and AI to deliver early alerts for natural hazards like storms and floods, enabling more effective emergency response. USHER Technologies monitors earthquake and structural health in real time, protecting critical infrastructure, while Kinetic Analysis Corporation provides predictive modeling for tropical cyclones, helping governments and businesses prepare for and mitigate disaster impacts. These technologies aim to enhance disaster resilience through early warning systems, improved infrastructure safety, and predictive analytics.

In the realm of connectivity, Kacific Broadband Satellites is addressing the need for reliable communication in remote regions, offering satellite-based internet and portable kits for disaster response. Similarly, Bike Scouts, through its SuperScout App, connects local communities and provides real-time disaster monitoring using AI and mesh networks. These technologies empower communities to respond more effectively to disasters, bridging communication gaps during crises and ensuring better coordination among responders.

Also read: Inside SAFE STEPS: How community engagement and tech innovation drive disaster resilience

Innovative mobility solutions for disaster response and rescue

The Go Bike Project from the Philippines and Uptime Rescue by Zeal Industries showcase how mobility can transform disaster response and safety. Go Bike trains youth volunteers, equipping them with bicycles outfitted with emergency supplies to deliver aid swiftly in disaster-stricken areas. Since its founding in 2019, the initiative has expanded to 41 communities with 2,000 volunteers actively participating in preparedness drills and healthcare services. By empowering local youth and fostering partnerships with governments and NGOs, Go Bike not only enhances disaster readiness but also promotes health and eco-friendly transport. Discussions around its scalability and potential for international youth collaborations highlight its far-reaching impact.

Zeal Industries’ Uptime Rescue targets small-scale fishers in high-risk areas with an innovative wearable tracking device integrated into clothing. Automatically activated in emergencies, it provides real-time location tracking, drastically reducing rescue times and increasing survival rates. With a hybrid funding model and recognition from prestigious awards like the Responsible Seafood Innovation Award, Uptime Rescue is poised to enhance maritime safety for vulnerable fishing communities. Together, these initiatives exemplify how mobility-driven solutions can address land and sea challenges, fostering resilience and saving lives.

Fostering community resilience through tech and collaboration

Lastly, Lambdai Space and Boosty are driving community resilience through their respective technologies. Lambdai Space uses satellite data and AI to monitor climate risks and improve disaster risk reduction, especially in agriculture and insurance. Boosty connects communities to clean energy solutions and emergency services, ensuring reliable power during crises and contributing to long-term sustainability. These companies exemplify how technology can support communities in adapting to climate change and building resilience against future disasters.

One clear takeaway at D-Tech Spotlight was the growing importance of collaboration across sectors to drive change in disaster preparedness. As Nguyen remarked, the presence of both private and public organisations underscored why unified efforts can improve disaster resilience. Together, NGOs, startups, and governments reflect the growing recognition that unified efforts are key. This cross-sector collaboration not only strengthens disaster management but also promotes long-term resilience. Ultimately, more lives are saved and economic and social impacts are minimised.

Also read: Empowering disaster resilience via technology with D-Tech Spotlight

Forging ahead with SAFE STEPS D-Tech Awards

“The journey toward disaster resilience doesn’t end here,” said Ngeow. “Through the SAFE STEPS D-Tech Community Hub, we aim to foster continuous innovation and collaboration.” A major part of this initiative is the SAFE STEPS D-Tech Awards. Established to foster more resilient communities, it aims to harness the power of technology to mitigate the loss of life and reduce the economic and social impacts of disasters. Through collaboration with its partners, the program offers a platform for technology solutions to thrive and help communities better prepare for, respond to, and recover from disasters.

The virtual event supported by e27 concluded with the announcement of important dates for the 2025 D-Tech Awards. Applications will open on 3 February 2025, followed by a virtual launch on 10 February, and the virtual semifinals on 30 April. The in-person finals will take place at Echelon 2025, a key gathering for tech innovators and entrepreneurs hosted by e27, on 11 June 2025. The D-Tech Awards aims to continue empowering startups and organizations with the resources to drive disaster resilience solutions and create lasting impact in vulnerable communities.

Want to join the D-Tech Community Hub? Sign up here!

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This article is produced by the e27 team

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At the 2024 Asia New Economy Summit organised by the World Digital Chamber, leaders shared a vision for sustainable growth, underscoring the power of digital innovation and green practices in shaping Asia’s economic future. Across ASEAN, digital transformation is already unlocking economic opportunities while addressing environmental goals. From financial technology to e-commerce, digital platforms empower businesses and individuals alike.

At this event, I was given the privilege to highlight how platforms are turbo-charging industries, enabling new pathways in fields like real estate and digital commerce.

Digital transformation: The path to inclusivity and sustainability

Digital growth in Southeast Asia is reshaping industries, with digital inclusion and accessibility as top priorities. ASEAN’s initiatives in digital literacy and infrastructure foster broader participation in the digital economy, reaching rural and underserved communities.

In Malaysia, digital platforms in real estate and e-commerce are enabling SMEs and individuals to leverage the digital economy through mobile devices. Companies like Xamble are building an ecosystem of 20,000 influencers driving commerce growth.

However, as reliance on digital platforms grows, so does the need for strong cybersecurity and data governance. ASEAN’s focus on digital trust ensures privacy and security keep pace with innovation, critical for maintaining user confidence and sustaining growth.

Green growth and economic opportunity

Green growth is at the heart of ASEAN’s sustainability strategy, as digital technologies facilitate renewable energy, smart city planning, and eco-friendly infrastructure projects. Platforms are being used to monitor emissions and optimise energy usage, with technologies like AI and IoT enabling real-time environmental tracking and transparent reporting on sustainability metrics.

Also Read: Financial literacy in Southeast Asia is set to match industry growth

ASEAN’s carbon tracking markets, powered by blockchain, exemplify the synergy between digital and green initiatives, providing accountability and environmental responsibility.

The synergy of digital and green initiatives

The convergence of digital and green transformation presents new possibilities for ASEAN. Digital tools streamline environmental tracking, while data analytics and IoT improve energy distribution. Digital transparency helps companies meet environmental targets, allowing ASEAN to balance growth with sustainability and showcase Asia’s leadership in this dual transformation.

Public-private partnerships and policy alignment

Policies and partnerships are pivotal to ASEAN’s strategy. Governments are fostering innovation through incentives and infrastructure, while public-private partnerships mobilise capital for digital and green initiatives, advancing Southeast Asia’s sustainable digital economy. Investment in skill development ensures the workforce is ready for the digital and green opportunities ahead, addressing a critical gap as these sectors expand.

Conclusion: Asia’s promise in leading global transformation

Asia stands on the threshold of a powerful transformation, capable of setting global standards in sustainable digital innovation. By merging digital growth with green initiatives, ASEAN is building an inclusive, resilient, and environmentally conscious economy.

This integrated approach not only strengthens economic resilience but also positions Asia as a leader in the world’s digital and sustainable future. Through bold policies, collaborative partnerships, and continued investment in innovation, Asia’s journey forward is both an inspiration and a model for the rest of the world.

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Dear reader,

The decline in Singapore’s venture capital market underscores a global funding winter that has cooled deal-making from Silicon Valley to Singapore. With venture funding plummeting to US$4 billion in 2024’s first nine months, half of 2022’s levels, the numbers paint a stark picture. But these figures alone do not capture the full story.

Global economic headwinds—rising interest rates, inflation, and investor caution—are reshaping the VC landscape. Startups are grappling with elongated fundraising cycles and an intensified emphasis on profitability. For deep tech, characterised by capital-heavy, long-horizon innovation, the retreat in investment feels particularly acute. Yet, amid the gloom, there are reasons for guarded optimism.

Singapore’s dominance in ASEAN deal activity remains unchallenged, accounting for 68% of regional deal value. The government’s proactive approach is commendable: initiatives like the expanded Startup SG Equity scheme and the formation of SG Growth Capital reflect an unwavering commitment to nurturing innovation. Stage One, a one-stop platform for startups, signals a forward-thinking effort to bridge global connections.

Singapore’s strength lies in its adaptability. By doubling down on deep tech and leveraging robust public-private collaboration, it positions itself to weather the funding winter and emerge with renewed vigour. The country’s resilience reinforces its standing as a global startup powerhouse—one eye firmly on the challenges, the other on the future.

Sainul,
Editor.

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NEWS & VIEWS

Singapore’s VC market cools down in 2024, mirroring global trend
Despite a declining VC market, Singapore leads in ASEAN deal activity, accounting for 58% of deal volume and 68% of deal value in the first nine months of 2024.

Japanese crypto exchange DMM Bitcoin to shut down
This follows a security breach in May, which led to the theft of ~4,503 bitcoins, valued at US$306M at the time; By March 2025, the exchange will transfer its customer accounts and custodial assets to SBI VC Trade, the cryptocurrency division of SBI Group.

Maybank revises up GoTo revenue forecasts
Maybank has raised the firm’s target price to IDR 105 (US$0.0066) from IDR 95 (US$0.006); GoTo’s revenue beat its forecast due to the stronger-than-expected on-demand services (ODS) segment and expansion into the lending business.

Taiwan’s TMYTEK secures US$40M Series B to boost 5G, satellite tech
Amazing Microelectronic Corp. and EZconn Corporation led the round; TMYTEK offers innovative devices, beamforming development kits, and phased arrays with antenna-in-package tech, enabling faster industrial innovation and time-to-market.

UnaBiz secures strategic investment from Sunseap co-founder Frank Phuan
The customised IoT solutions provider claims to have achieved over 10x increase in recurring revenue and added over 5 million new devices to its global 0G Network.

Rakuten to raise US$500M via bond sale
The company intends to issue hybrid perpetual notes, which can be called after five years; Additional details about the bond sale are yet to be disclosed.

Malaysia’s Catcha Digital acquires 51% stake in Nexible Solutions for US$2.56M
This marks Catcha Digital’s expansion into the IT sector, specifically in SaaS and AI solutions; Nexible’s product Outperform is an AI-powered sales automation platform that enables businesses to effectively manage leads and customer relationships.

Employee is suing Apple over monitoring employee personal devices
The suit claims Apple’s policies allow it to monitor workers even when off duty; The employee claims Apple used its policies to harm his employment prospects.

Indian online ID verification firm Signzy confirms security incident
The Bengaluru-based startup, which serves over 600 financial institutions globally — including the four largest Indian banks — was hit by a cyberattack last week.

Elon Musk files for injunction to halt OpenAI’s transition to a for-profit
The motion is the latest salvo in Musk’s legal battle with OpenAI, which, at its core, accuses the company of abandoning its original nonprofit mission to make the fruits of its AI research available to all.

1337 Ventures Partners with GX Bank to lead TeXnovasi Accelerator
This six-month programme invites Malaysian seed-stage startups passionate about developing impactful solutions to address Malaysia’s critical financial challenges.

FEATURES & INTERVIEWS

From lab to fab: Inside Applied Ventures’s stage-agnostic deep tech investments
Applied Ventures’s Global Head Anand Kamannavar speaks about the key focus areas, investment criteria, trends, and expansion.

Super app remains primary driver of AI innovation in Asia’s fintech industry: Money20/20
Prevalent in China, Indonesia, and India, super apps thrive where users expect a single platform to handle multiple aspects of their lives.

Echelon PH 2024: Pavel Fedorov discusses Salmon’s entry into the Philippines
The Echelon Philippines fireside chat delved into Salmon’s approach to bridging the gap between digital solutions and traditional rural banking.

FROM THE ARCHIVES

Why we need to stop glamourising startups with fancy labels and focus on real metrics
If we look closely at these words and all the associated buzz around them, we’d see that something is clearly rotten in the startup world.

How big data in healthcare influences better patient outcomes
By organising and analysing health information, healthcare providers can find ways to significantly improve outcomes for patients and effectively save lives.

Fractional helps startups figure out marketing leadership with its fractional CMO service
Fractional curates the region’s top marketing leaders to work for companies on a fractional or part-time basis.

The art of AI integration: Growing your business with chatbots and human expertise
By learning how to balance AI integration and human touch, businesses will be able to handle complexities and be more customer-focused.

A new insights attitude for SMEs in the era of the ‘insights engine’
Adopting an all-hands-on-deck insights attitude, SMEs can reach new horizons with sails as effective as insights engines.

Will flexitime become the norm in Southeast Asia?
In light of Singapore’s new flexitime guidelines, it’s time to rethink the traditional nine-to-five work model and embrace agile hiring practices.

Conquer the B2B SaaS game: 10 content marketing strategies for startups
Content marketing is a powerful tool for B2B SaaS startups looking to generate leads and establish a strong market presence.

Beyond competition: Harnessing the power of partnerships in business
The philosophy of proactive partnership is integral to our agency and partners’ progress, serving as more than just a strategy but a core business practice.

Malaysia’s digital dilemma: Stuck in the past or embracing the future?
Malaysian businesses can emulate successful strategies from global rivals by integrating martech systems into their operations.

Coded in your DNA: How Singapore can help avert a global data storage crisis
Using DNA to store data could help to avert a looming data storage crisis – and Singapore could play a key role in making this method viable.

Bursting the big data bubble: Why we don’t need more data scientists
Deciding to become data-driven can be a long, difficult process that, once decided, can spur a rush to try to attract data specialists and make scientific inferences before knowing the real problem.

Become a millionaire investor while scaling sustainability impact in the world
Impact startups have increasingly contributed to addressing challenges such as climate change, poverty, gender inequality, and the pandemic.

9 things you never knew about DAOs
Now that DAOs have started creeping into wider company governance conversations, let’s look at what you may not know about DAOs.

The future of recruitment in Web3 era
Web3 can provide an ecosystem where a credential holder can share a zero-knowledge proof presentation without sharing the original credential.

THOUGHT LEADERSHIP

Remote hiring in 2024: The pros, cons, and everything in between
The impact of remote hiring in the post-pandemic era: discover why companies are reevaluating their strategies for 2024 and beyond.

Strategies for effectively integrating AI into your organisation
Integrating AI into your organisational strategy demands vision, planning, and adaptability to drive meaningful outcomes.

Bridging generational gaps: Leadership in the evolving tech workforce
Adapting to change and meeting diverse workforce expectations can drive significant short and long-term business benefits.

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KPay Group, a Hong Kong- and Singapore-based financial management and business operations platform, has secured US$55 million in its Series A funding round.

This round was led by Apis Growth Markets Fund III and Apis Global Growth Fund III, managed by Apis Partners, a UK-based ESG and impact-native global private equity asset manager.

Also Read: Money travelling: Insights from Singapore Fintech Festival on travel and finance

The investment will fuel KPay’s expansion plans across key Asian economies, including Indonesia, the Philippines, Malaysia, and Thailand. The company will also utilise the capital for organic growth and strategic mergers and acquisitions.

This funding round is significant given the current state of fintech funding in Asia Pacific. Fintech funding in the region hit a six-year low in the first half of 2024.

Founded just over three years ago, KPay empowers businesses with technology solutions. Its one-stop platform helps merchants with financial management, business operations, and digital transformation across Asia.

The company says it serves over 45,000 merchants across Hong Kong, Singapore, and Japan and has achieved a 166 per cent revenue compound annual growth rate (CAGR).

Davis Chan, co-founder and CEO of KPay, said: “We are excited to use this funding to not only expand our existing markets’ SME merchant base, but also broaden our reach into new merchant industry categories, merchants of all sizes, and merchants operating in other underserved markets across Asia. This will bring us closer to our ambitious goal of supporting one million merchants over the next five years.”

Also Read: The future of payments in SEA: Regional cooperation remains critical in pushing for progress

Christopher Yu, President and CFO of KPay, added: “Securing this funding gives us financial strength and flexibility to enhance our product innovation, go-to-market speed, customer experience, and operational excellence.”

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All across the globe, it seems that no one is breathing easy. In fact, the World Health Organisation (WHO) estimates that 99 per cent of the global population breathes air that contains high levels of pollutants. With polluted air leading to increased health risks and even deaths, becoming the second leading cause of non-communicable diseases (NCDs) globally after tobacco, it’s imperative that everyone must play a part in literally clearing the air.

Malaysia in particular is a country that has battled air pollution for a long time, and while we’ve come a long way from it being enough of a problem to prompt a state of emergency declaration — back in 2005 when our Air Pollution Index (API) exceeded 500 — we still have a long way to go, as our API readings still aren’t particularly healthy.

In addition, our recent monsoon season has seen a lot of trees not only being naturally uprooted, but also cut down for safety purposes. While that removes risk in one way, the lack of greenery in both agricultural and urban areas also contributes to increased air pollution as a whole due to the uptick in carbon dioxide emissions.

So what are the main causes of air pollution in Malaysia? How can we not only fight it at its source but also make moves to breathe clean air in our own homes?

The hazy origins of air pollution

There are three main causes of air pollution in Malaysia. Firstly, forest and peatland fires are a major contributor to hazy weather, with 22,000 open burning incidents reported in 2021 alone; the agricultural sector, peatlands, and both legal and illegal landfills are all listed as primary hotspots for open burning between 2020 and 2023.

Next, our commutes have a massive impact on air quality. Malaysia’s urban areas have consistently recorded the highest levels of air pollution compared to non-urban areas, which has inevitably been impacted by the growing number of vehicles on our nation’s roads leading to a massively increased output of exhaust gas.

Also Read: Smarter Cities will help, but not solve, global pollution crisis

Furthermore, air pollution is also caused by industrial activities, with pollutant emissions coming heavily from the energy, waste, and industrial processing sectors burning fossil fuels in mass quantities, which include coal, natural gas and oil.

With these massive sources of air pollution, what can Malaysians do to combat this issue on both a micro and macro level?

A variety of pollution solutions

Knowing all this, it’s clear that Malaysians need to take targeted actions at multiple levels. Firstly, to address haze caused by open burning, increased monitoring through satellite technology and patrols could help detect and control fires swiftly; and while strict enforcement and penalties for illegal burning could serve as strong deterrents, providing farmers with alternatives — like composting and crop rotation — is also crucial to reduce their need for open burning.

Meanwhile, the increase in vehicle emissions could be managed by investing in public transport systems that are reliable, affordable, and convenient, as well as promoting carpooling initiatives and developing pedestrian-friendly walkways. Of course, there’s also the need to create better infrastructure to better accommodate both electric vehicles (EVs) and hybrids, making those more environmentally-friendly options more accessible.

Also Read: Is Singapore ready for the EV revolution?

Looking at industrial emissions, enforcing strict emission standards that are backed by regular inspections and fines would hopefully hold industries accountable for their environmental impact.

Additionally, with the upcoming Budget 2025 predicted to be greener overall, ideally there can be governmental funds dedicated to streamlining and speeding up the adoption of more energy-efficient technologies and implementing energy management systems, which not only reduce air pollution but can also cut operational costs.

At the individual level, Malaysians can contribute by reducing, reusing, and recycling waste, which helps lower landfill use and reduces the need for burning. For indoor air, installing air purifiers would also contribute to healthier breathing in general, with multiple levels of filtration that accounts for all manner of allergens, pathogens, and other harmful particles.

All in all, by combining policy changes, sustainable practices, and personal responsibility, Malaysians can work towards cleaner air, healthier living, and a more sustainable future for everyone.

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