STACS Featured on Business Times — Digital Blockchain Transformation Against the Current Crisis
Weathering a tornado of change
THIS WEEK’S TOPIC: How is your industry gearing up for the impact and challenges of the Covid-19 pandemic?
MON, MAR 23, 2020–For every crisis, there are opportunities. The COVID-19 pandemic has impacted the financial industry significantly. Trading in bonds, derivatives and securities have been negatively impacted.
When World Health Organisation confirmed that the virus can remain on bank notes for several days, banks in China and South Korea disinfected them. This pandemic phenomenon has increased focus on the future of money and digital interactions. Clearly, technology like the deployment of blockchain and AI will be adopted more extensively. As one of Singapore’s leading fintech development companies, STACS sees more opportunities for us to transform the securities life cycle of financial institutions using our blockchain technology. It saves them time, money, resources and even enhances security — the right bolster for companies facing this current crisis.
Below is our Managing Director’s, Jay Ng’s, contribution to Views from the Top in the Business Times:
The original article also appeared on: https://www.businesstimes.com.sg/views-from-the-top/weathering-a-tornado-of-change
STACS is a Singapore fintech development company focusing on the digital transformation of the financial industry. Today, our clients and partners such as stock exchanges, banks, asset management firms etc are using our proprietary Securities Trading Asset Clearing and Settlement (STACS) Blockchain for various use cases while working together with their ecosystem participants to enjoy efficiency savings in operations and to create new revenue streams.