Business sans Borders

A collaborative AI-driven global solutions hub to foster SME digitalisation

Singapore, 12 November 2018

The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) are partnering with six private sector partners to create a Proof of Concept (“POC”) hybrid business data and digital solutions hub.  The initiative will leverage on Artificial Intelligence (AI) to facilitate the internationalisation and digitalisation of Small and Medium-sized Enterprises (“SMEs”). The private sector partners are GlobalLinker1, Mastercard, SAP, Yellow Pages and 99%SME (DBS Bank and SingTel).

2   Known as Business sans Borders, this initiative aims to:

(a) Provide a wide set of digital services and connections to enhance domestic and international trade opportunities for SMEs;
(b) Promote interoperability between SME ecosystems2;
(c) Facilitate quick and intuitive access in the provision of digital services (such as financial and professional services) with seamless integration; and
(d) Provide a sandbox environment to accelerate testing and delivery of new services for SMEs.

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