Accelerating Artificial Intelligence
SME Magazine Singapore|Issue 40, 2021
Singapore is introducing two new public artificial intelligence (AI) programmes as part of the strategy to use technology for social and economic good, involving a total allocation of S$680 million to accelerate AI research. The latest initiatives require a funding of S$180 million.
Raja Azura Raja Nazreen

The first program is the National AI Program in Finance. It includes an industrywide AI platform called NovA! which generates insights about financial risks. The programme is a collaboration between Singapore-based banks and local fintech firms and aims to help financial institutions better assess companies’ environmental impact and identify emerging environmental risks.

The initiative will also better enable financial institutions to assess sustainability related investments and associated risks such as greenwashing, which is when companies exaggerate or falsify their environmental credentials.

Experts estimate roughly S$135 trillion of climate-aligned funding will be needed to achieve the 2015 Paris Agreement goal of limiting global warming to well below 2 deg C above pre-industrial levels.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM SME MAGAZINE SINGAPOREView All

Cloud- Driven Recovery

With digital transformation being an important catalyst for Malaysia’s inclusive economic recovery, cloud computing plays an important role that enables . the country to acquire the advantages that technology offers.

5 mins read
SME Magazine Singapore
Issue 40, 2021

Live Werkz: Venturing Beyond Southeast Asia

Being forward-looking in its approach has enabled LiveWerkz Pte Ltd to survive the Covid-19 pandemic, says vice president Tricia Ng. Despite being a Singaporean company, the company does not focus its efforts in the Southeast Asia region. Instead, Greater China and the Middle East become the foundation for its businesses. Ng tells SME the company’s strategies in facing a challenging future.

2 mins read
SME Magazine Singapore
Issue 42, 2021

Singapore's Go Digital Well Received

More than 78,000 of Singapore’s SMEs have participated in the country’s Go Digital programme since its 2017 launch, with more about 40,000 becoming participants last year, including 30,000 that received Covid-19 incentives from the government.

2 mins read
SME Magazine Singapore
Issue 42, 2021

Accountants And SMEs: Creating A Sustainable World

For SME finance professionals, ‘sustainability’ is about achieving longevity. However, there is a confusion over different definitions of sustainability. They recognise the growing importance of tackling sustainability issues but lack the understanding of how doing this can be integrated into day-to-day practices within the finance function.

5 mins read
SME Magazine Singapore
Issue 42, 2021

Rebuilding Our Mental Well-Being In Sales

Sue Barrett is a writer, training provider and entrepreneur who founded Barrett in 1995 to positively transform the culture, capability and continuous learning of leaders, teams and businesses.

2 mins read
SME Magazine Singapore
Issue 42, 2021

Omicron: A Test Of Resilence

Global manufacturers have been facing a supply chain crisis since the start of the year. Just as it appeared that the situation was beginning to stabilise, the Omicron Covid variant reared its ugly head.

6 mins read
SME Magazine Singapore
Issue 42, 2021

Silver Lining In The Cloud

Although RAS Security Pte Ltd’s business was adversely affected by the pandemic, there’s a silver lining in the cloud. The occurrence has necessitated the company to innovate its business model to remain viable and led to the discovery of new areas of security service provision. Managing director Tejdeep Singh shares his journey.

2 mins read
SME Magazine Singapore
Issue 40, 2021

Accelerating Artificial Intelligence

Singapore is introducing two new public artificial intelligence (AI) programmes as part of the strategy to use technology for social and economic good, involving a total allocation of S$680 million to accelerate AI research. The latest initiatives require a funding of S$180 million.

2 mins read
SME Magazine Singapore
Issue 40, 2021

Three Tips For Hiring Top Talents

BIG EGOS LOSE TALENTS First up, when it comes to hiring, you must put aside your ego.

2 mins read
SME Magazine Singapore
Issue 40, 2021

The Economy Is Recovering, But What About People?

All signs are pointing towards a speedy recovery. Contrary to what this writer initially predicted, the economy seems to be genuinely recovering.

3 mins read
SME Magazine Singapore
Issue 40, 2021