November 2018

Israeli companies, through the Israel Innovation Authority, will continue to make waves in the Singapore FinTech Festival 2018, which will be held from Nov. 12-16

Over the years, the FinTech has developed a reputation for being the largest financial technology in the world. Last year, for instance, over 30,000 participants and exhibitors from 100 countries attended the conference. This year, organizers promise an even bigger event based on the commitments and pledges they already received just weeks ahead of the FinTech.

Both the Singapore and Israeli governments and the private sector recognized the potential for mutual collaboration to develop the startups, micro-enterprises, and small businesses in the two countries. And so in 1997, the Singapore Israel Industrial R&D Foundation (SIIRD) was created on the partnership between the Singapore Economic Development Board (EDB) and the Israel Innovation Authority.

The two entities pledged to promote and facilitate research and development collaboration, as well as fund grants for SME (small and medium enterprises). Beside these search grants for SME, other forms of support include matching R&D partners between Singapore and Israel.

The FinTech festival, which started in 2016, is a natural platform for Israel-based companies to showcase innovation and cutting-edge research. It’s also an opportunity for companies, leading experts in the field of financial technology and knowledge industry, and government officials to network not just with Singapore but also the other participating nations.

Here are some of the companies that are part of the official Israeli delegation that will attend the Singapore FinTech Festival 2018:

1. AU10TIX Limited – The company is a specialist in customer onboarding innovations. It provides multi-channel and secure automated solutions for quick capture, segmentation, and conversion of documents and images into digital records. They help companies transition into paperless technology to minimize digital disruption.
2. BioCatch Ltd. — Founded in 2011, the company quickly climbed to become one of the foremost cybersecurity experts in Israel, providing companies with the necessary tools to enhance fraud detection and security. The specialist uses a technology that incorporates human behavior and patterns into its analytics in the hope of finding an anomaly.
3. Capitalise Ltd. – This Tel Aviv company is quite young since it was founded only in 2014. Since then, their financial trading software is now being used by thousands of traders and brokers to automate trading scenarios. This allows them to free up their time because they are not in front of the computer at all times. What makes the platform different is it uses human language in its interface, which makes it easily understood even by the casual trader.
4. COTI – Currency of the Internet – This digital network offers an alternative to make secure and instant payments. The fees and charges range from very low to zero, which makes it very attractive for businesses and individuals. The high Trust Scoring Engine and open buyer-seller protections make for a very secure system. It’s designed not just for merchants but also to support government transactions and decentralized payment networks.
5. EZSave – EZSave is a bill negotiation software that will help people get out of debt. It will analyze the user’s usage and spending patterns, and also help scour for the best repayment plans in the market. It will also track your bills to find out where you can maximize your resources for future savings. You can save on your utility payments, Wi-Fi, rent and mortgage, as well as gas money. Since it was launched in 2016, the platform already has more than 150,000 downloads and 60,000 users in Israel. The company aims to expand in Singapore, as well as the US and Australia.
6. PayKey – This is a mobile P2P and social banking solution using its patented mobile banking keyboard. The system integrates with most mobile banking solutions, which provides great flexibility to users to access services like balancing the check, requesting payment, initiating P2P payments, cash withdrawals, and others. There’s no need to shift from one app to the next when you need to access another financial service.
7. SegaSec — The cybersecurity firm is a leading Israeli firm that specialises in intelligence gather and anti-phishing. It not only helps companies detect phishing attempts, but it will also take down attack sites. There’s no need to install a system or onboard your systems onto a platform, and you get instant protection 24/7.
8. I Know First – The patented AI technology helps with more accurate forecasting to help companies with their investments in the stock market.
9. CyberInt – This company specialises in mitigating threats for the companies in light of all the vulnerabilities that are inherently present in digital networks. The company does this through its Argos™ technology, which is an SaaS platform with very powerful detection and response technology to counter phishing, hacking, and DDoS attacks.
10. Cred – The company aims to change the way financial institutions manage wealth and conduct investment advisories to their clients. The platform also helps identify leads and increase client conversion.
11. PayMe – The white-label platform provides an avenue for banks and other financial institutions to offer a wide range of payment solutions. The platform can be configured to carry the brand and it’s completely autonomous so you don’t have to integrate it with the other platforms.
12. Reach – This customer engagement platform will help companies enhance customer experience with ready-made tools that can be tailored to fit their requirements.

Those are the Israeli-based companies that will be holding exhibits in the Singapore FinTech Festival 2018 from Nov. 12-16. They hope to collaborate and partner with local companies to expand their reach in Singapore.

We are in the middle of an important and vital transformation in the way we manufacture our goods and that is all brought to us by the digitization of production and manufacturing. This great leap and shift in the way we manufacture are so persuasive and powerful that it was regarded as the start of Industry 4.0. Industry 4.0 represents the transformation in manufacturing that is powerful enough to be considered as the fourth revolution.

To recap, during the first industrial revolution, steam power and water were both mechanized to turn up the assembly lines and make it capable of mass production. During the second industrial revolution, electricity was used to better improve mass production. In the third industrial revolution, computers were used to automate processes and assembly lines. The breakthroughs of the third industrial revolution paved the way for the fourth industrial revolution. Now, automation and computers are enhanced and made more powerful with autonomous and smart systems that are backed up by machine learning and voluminous data.

Then again, despite the massive changes and improvement in the manufacturing industry, some people still regard Industry 4.0 as a plain and downright marketing axiom. It is, therefore, the mission of major industry players, stakeholders, and even governmental agencies to move people’s attention into the true and tangible breakthroughs brought by Industry 4.0. With such a powerful movement going on, taking advantage of its results is something most stakeholders should realize.

Industry 3.0 as a precursor to the full-automation under Industry 4.0

At the onset of Industry 3.0, people were revolting against the idea of using computers to fully-automate the manufacturing processes and assembly lines. For them, this entirely new technology is disruptive instead of being helpful. Now, as we bid goodbye to Industry 3.0 and welcome Industry 4.0, computers will be even made more powerful to communicate and connect with a network or system of other computers to make decisions without the aid of human intervention. Cyber-physical systems and the Internet of Things made this possible.

Industrial Transformation ASIA-Pacific

Being moved with the effects and milestones brought about by the fourth of industrial revolution, a group of major industry players, stakeholders, private corporations, and governmental agencies have gathered and have created a venue that allowed all stakeholders to meet, share ideas, transfer technology and learnings. This event was tagged as the “Industrial Transformation ASIA-Pacific.”

Since technological breakthroughs and advancements are changing and improving the global supply chains, distribution systems, design facilities, production centres, and overall manufacturing processes, it was crucial to gather all stakeholders and to recognize the different business models that are obsolete and non-sustainable. By determining these non-working business models, they originally aimed to launch, gauge, and withstand the changes brought about by Industry 4.0.

To date, different countries like Indonesia, Thailand, and Malaysia have already started their own independent Industry 4.0 roadmaps that will help them scale and map out their own economic endeavours. On another note, Singapore has also launched the Singapore Smart Industry Readiness Index to assist and guide their own companies launch, gauge, and withstand the changes brought about by Industry 4.0. This includes grants for research & development(r&d) for Singapore companies as well.

During the Industrial Transformation ASIA-PACIFIC, the participating countries, agencies, and stakeholders convened and built networks and engaged in knowledge transfer to further equip and scale their businesses’ success.

Who participated?

The organizers of the event put all the stakeholders together in one event to trace and streamline the industrial value chain. Since they intend to provide more room and chances for a thorough global knowledge transfer, network-building, and new business making, they have gathered all the key players in the industrial value chain.

The highlight of the Event

With the use of both online and offline strategies and mechanisms, Industrial Transformation ASIA-Pacific brought a wide array of events specifically designed for multi-industry segment. These are a few of the activities that were put up and incorporated in the event:

“Showcase”: This was a demonstration of the technologies and solutions available under Industry 4.0

“Learning Lab”: The organizers set up a demonstration area to show products, solutions, and applications which were centred around Smart Logistics, Digital Factory, Additive Manufacturing, and Industrial Automation.

“Knowledge Exchange”: These segments of knowledge exchanges included practical approaches, panel discussions, case studies, technology applications, technical applications, business insights, leadership stories, research & development (r&d) from Singapore and other countries that helped bridge the knowledge gap regarding Industry 4.0.

“Learning Journeys”: These were curated and personalized experiences which gave deeper and more in-depth lessons and learning to the participants. Here, participants listened to stories and personal journeys of companies and individuals who already opened their doors to the changes and challenges offered by the fourth industrial revolution.

These are just a few activities that were rolled out during the event. More information about other the stakeholders who participated, the activities ran by the organizes, and the resolution arrived at are already available on the dedicated event website.