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BT Future of Finance: The painless road to digitalisation (Ep 4)

    • Why do SMEs still fear digitalisation and what help can they get? Shannon Lung from The FinLab UOB has insights.
    • Why do SMEs still fear digitalisation and what help can they get? Shannon Lung from The FinLab UOB has insights. PHOTO: UOB
    Published Mon, Oct 16, 2023 · 05:00 AM

    Despite digitalisation being an absolute necessity these days, only 36 percent of SMEs have made the leap. And with global headwinds slamming all economies, it is imperative SMEs ‘get with the programme’. Shannon Lung, senior vice president and head, The FinLab, UOB has more insights.

    Synopsis: The Business Times Branded Podcasts; finely curated, intelligent, thought provoking content for decision-makers. Inspired by the newsroom of your trusted partner.

    Follow on audio apps Apple Podcasts, Spotify and Google Podcasts, or Google Home smart speaker devices. Produced by The Business Times, SPH Media.

    This episode of Future of Finance podcast is presented by UOB.

    Highlights:

    01:30 The undeniable importance of digitalisation

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    04:03 Collaboration the key to success

    06:12 Long term strategies to navigate evolution

    07:28 Allaying concerns SMEs have

    08:36 Successful use cases from different sectors

    More about:

    UOB

    UOB The FinLab

    UOB: Corporate & Institutional Banking

    Written and hosted by Howie Lim (howielim@sph.com.sg)

    With Shannon Lung, senior vice president and head, The FinLab, UOB.

    Edited by: Howie Lim & Claressa Monteiro

    Recording engineer: Joann Chai Pei Chieh

    Produced by: BT Podcasts, The Business Times, SPH Media

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