Contributor posts

Emerging tech is cool but I am always vary about the security and privacy concerns it brings. I am still unable to accept Whatsapp’s new terms. Thankfully, our contributors this week have discussed how enterprises can tackle consumer privacy a lot better will building their startups.

We also have a very statistical comparison of food delivery apps in Singapore as a part of our focus on the foodtech ecosystem this quarter.

Catch up all the contributor posts from last week and soak in on those community voices. Feel free to share yours!

Are Singapore’s food delivery apps charging users more during a pandemic? by Duckju Kang, CEO of ValueChampion

“To learn more about the costs that diners face when ordering food to their homes, ValueChampion analysed the price of test orders from three of the most popular food delivery apps in Singapore: GrabFood, Foodpanda and Deliveroo.

We found that each app has different benefits and disadvantages for consumers, including not only the total cost of ordering but also promotional offers and the selection of open restaurants.”

Your privacy is their concern

Building a privacy-first internet: How developers and enterprises can adapt to the new privacy normal by Aditi Kohli, Managing Director, Foursquare Asia

“For developers and enterprises, each consumer’s decision to consent to or refuse “tracking” will no doubt shape the business models of the App Store economy and the wider internet for years to come.

Clarity, transparency, and consumer control are good for iPhone users— and the internet at large. But there are still steps that developers and enterprises can take to ensure that they not only comply with Apple’s new rules, and find success in the next era of the privacy-first internet.

Here are three strategic recommendations that can help developers and enterprises adapt to the new privacy normal.”

Protecting people, enterprises and society: Facial recognition tech in SEA by Abhijit Shanbhag, CEO of Graymatics

“Facial recognition capability can be divided into two types: FR-1 and FR-N. FR-1 identifies in a binary way if a person is the hypothesised one (mainly for authentication) and FR-N is to detect if the person is from a database of a certain number of faces. With FR-N, the size of the database can typically range from a dozen, as with a small enterprise, to millions of people in a large city.

Given the current pandemic, the inherent contactless nature of FR makes it a highly desirable alternative to fingerprint scanners and even RFID cards for office access and/or attendance monitoring.

Many buildings, construction sites and enterprises within Singapore, in particular, but also within Southeast Asia (SEA) are now beginning to use FR-N for Access Control and when applicable, for their attendance management by leveraging CCTV installed at entrances.”

Money and progress

3 ways the latest US stimulus package could affect Asian economies by Duckju (DJ) Kang, CEO of ValueChampion.sg

“The US$1.9 trillion American Rescue Plan is expected to provide a massive boost to an already fast recovering American economy. Unlike the financial crisis of 2008-2009 when the US limped out of a recession and China powered the global economic recovery, the American economy will likely be an engine of global growth.

Our analysts expect the stimulus to speed up the American recovery with some potential risks to emerging markets, but also provide US consumers with ample funds to invest overseas and return to pre-pandemic behaviours such as international travel.

Key predictions:

  • The stimulus package and US economic growth will drive the global recovery but poses risks to emerging markets
  • Cash-rich retail investors will boost US and Asian stock markets
  • Consumer spending and rapid vaccinations will resume some travel to Asia”

The evolution from open banking to open finance by Diego Rojas, founder and CEO at Finantier

“The idea of Open Banking revolves around banks allowing third-party platforms to access consumer financial data, with consent, and leverage it to provide additional services or perform transactions on behalf of the customer.

The information shared can range from account data such as transaction history and balances to payment data such as bills payment and domestic fund transfers. The underlying idea governing the idea of Open Banking is that consumers are the owners of their financial data.

Thus they should have the ability to consent to the sharing of it, in exchange for access to more personalised financial products that will benefit them.”

Eye-openers

Why do journalists start up? To not be kept down by “uncaring” journalism by Jamille Tran, reporter from Tsinghua University

“While the biggest companies, such as Google, Facebook, Baidu, Tencent, have increasingly colonised distribution and win the battle of advertising revenue, media startups are now rooted in specific communities or constituencies to win “the war on impact” and build the “trust relationship.”

“Impact is really about knowing who you are, what story you have to tell, and knowing and understanding your audience or your community that you’re trying to serve,” Deuze says. “Successful communication is not the transmission. Communication is about relationships.”

Vietcetera, a venture-backed Vietnamese publishing platform with its mission to bring Vietnam to the world and the world to Vietnam, announced in November that it had hit 1,000 per cent year-on-year growth with its strategic pivot to target Vietnamese millennials in 2019.”

How QA testing can help startups more than you think by Eugene Ponomarenko, software developer

“When you are just launching a business or entering the market with a brand-new product, due to resource constraints, you may be tempted to cut corners and use a minimally viable product. However, refusal from QA is not only the fastest way to exit from the market — but also missed opportunities.

QA can help your business “get ahead”, beat your competitors, and engage a lot of customers. All this because QA can be useful for startups not only in the form of testing. This is what I want to talk about in the article.”

How Wallex is acing its growth marketing game by Enricko Lukman, cofounder of ContentGrow

“While there are several digital remittance services in Asia, something that sets Wallex apart is its laser-focused approach toward the B2B market.This includes offering specific solutions like API integrations and dedicated account managers for each enterprise client.

ContentGrip spoke with Wallex’s cofounder and COO Hiro Kiga, a former venture capitalist at GREE Ventures and other firms, to find out more about the fintech brand’s content and marketing strategy— namely how it was able to reach an inflection point via simple growth hacking.”

Editor’s note: e27 aims to foster thought leadership by publishing contributions from the community. This season we are seeking op-eds, analysis and articles on food tech and sustainability. Share your opinion and earn a byline by submitting a post.

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