This suggestion came as there are more than 3.2 million SMEs in Thailand, accounting for 90% of businesses in the country. These enterprises employ 50% of the workforce nationwide. However, these businesses face both internal and external challenges in operating, prompting them to focus on ensuring their survival and sustainable growth. Three major challenges for SMEs include rapid digital transformation, changes in consumer behaviour, and lack of access to funding, said Praphan Charoenprawat, manager of Live Exchange. Ubonrat Khamphaeng, assistant managing director of SME Development Bank, added that SMEs also lack knowledge on business management, as well as tools to reduce costs and enhance their potential. While several industries are working on digital transformation, some companies face difficulties due to generational conflicts, said Akkarapol Sukta, vice president of the Institute of Information and Communication Technology for Industries. He explained that generational conflicts often occur in family-operated businesses, where senior executives resist allowing younger generations to adopt technology in their operations. Younger generations want to transform businesses, but they do not receive approval from senior executives, who are often family members, resulting in difficulties driving the business forward, he explained. Despite the challenges faced by SMEs, Vorapoj Prasanpanich, assistant director […]

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Joseph Edwin is one of the OGs of digital transformation. He has worked client side for Nordea and Commonwealth Bank of Australia, and now is a partner at Bain & Co, focused on helping companies succeed as they transform. He does an incredible job of demystifying transformation and telling us about the recipe for success in this episode of Dave & Dharm Demystify podcast! Take a look at the full catalogue of episodes on the Dave & Dharm Demystify Podcast homepage . Read more about: Banking Digital Financial Services/Finserv Innovation Demystify Podcast Worldwide About the Author FinTech Futures FinTech Futures is the leading global provider of independent intelligence and insight for professionals in the fintech sector.

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Banking Fiserv, Inc., a leading global provider of payments and financial services technology, today announced that Republic Bank & Trust Company (Republic Bank) has chosen the Fiserv award-winning DNA® platform to enhance the company’s banking system capabilities and drive operational efficiencies to realize their digital transformation goals. With over $6 billion in assets and 47 banking centers, Republic Bank, a community bank headquartered in Louisville, Kentucky, selected DNA due to the platform’s advanced technology, real-time continuous processing and comprehensive functionality that streamline processes, reduce manual workloads and enhance overall productivity. Republic Bank operates in Kentucky, Tennessee, Indiana, Ohio and Florida. “By partnering with Fiserv and choosing the DNA platform, we are taking a significant step forward in our digital transformation journey to help our clients, company and the communities we serve to thrive,” said Logan Pichel, Chief Executive Officer, Republic Bank. DNA Blends High-Tech Solutions with High-Touch Service Fiserv’s commitment to the community banking segment is evident through its continuous investments in tailored technology solutions and customer service, including core banking, digital banking, small business solutions, payments and embedded fintech. Based on a 2024 customer survey, Fiserv achieved a 97% customer satisfaction rate in its level-one client care organization. […]

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[Latest] Digital Transformation in the Us Electric Kettle Market: What’s Driving Change? New Jersey, United States,- Us Electric Kettle Market The growth is attributed to increasing consumer demand for energy-efficient appliances and the growing popularity of smart kitchen devices. Electric kettles have become essential in modern households, thanks to their convenience and ability to boil water quickly. As the market evolves, factors such as the rising trend of health-conscious consumers and the development of advanced kettle features, such as temperature control and energy-saving modes, are expected to further boost market growth. Looking ahead, the future scope of the US Electric Kettle Market indicates significant potential for expansion, especially with the growing integration of smart technology. The increasing focus on connected home appliances and demand for eco-friendly products is expected to fuel the growth of electric kettles with Wi-Fi and Bluetooth capabilities. The market is likely to experience a shift towards premium product offerings, with innovations in design, materials, and functionality. Furthermore, electric kettles that cater to the needs of different consumer segments, such as those with specific health requirements or customizable features, are expected to gain more traction in the market. Get More Get | Download Sample Copy with […]

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China set targets for the digital transformation of its light industries over the next five years, moving to maintain momentum which resulted in the sector exceeding national averages in 2024. The nation detailed a range of measures to boost the proportion of digital research and design tools used by Chinese light industrial players from 84.9 per cent in 2024 to 90 per cent by 2027. China ultimately intends for digital technologies to be used extensively by light industrial players by 2030. In a statement, the Ministry of Industry and Information Technology explained the nation is seeking to create enterprises which are “more high-end, intelligent and greener”. The Ministry explained the proportion of digital research and design tools used by light industrial players in 2024 was slightly above the national average. China appears keen to maintain this leading-edge use of technology among light industrial companies and detailed 15 measures intended to deliver “new-generation IT”, innovative “business models and applications”, promote “high quality industrial development” and generally strengthen the sector’s foundations. Global discussion Details of the light industry plan were released as China’s leaders press for continued openness in global manufacturing and trade at a time when US President Donald Trump […]

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Here’s a few key ways digital transformation drives environmental and operational benefits. By now, you probably already know that digital transformation is a manufacturing strategy that integrates advanced digital technologies to enhance efficiency, reduce waste and optimize resource use. But one angle that’s not always talked about is that the right application of these digital technologies can significantly improve sustainability. Below is an examination into key areas where digital transformation drives environmental and operational benefits. It includes foundational steps for beginners and a few advanced techniques for more experienced engineers further down the digital transformation road. Data-driven decision-making for sustainable operations At the foundation of digital transformation is data collection and analytics, which enable real-time tracking of key sustainability metrics such as energy consumption, material waste and emissions. IoT (Internet of Things) sensors, SCADA (Supervisory Control and Data Acquisition) systems and AI-driven analytics help manufacturers make informed decisions that optimize production efficiency while minimizing waste. Beginners can start with IoT-enabled sensors to monitor machine performance, energy usage and material waste. From there, use basic dashboards to visualize trends and identify inefficiencies. The next step is to implement predictive maintenance using these insights to reduce unexpected breakdowns and extend machine […]

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Canada Prepaid Cards Market New Jersey, United States,- Canada Prepaid Cards Market The Canada Prepaid Cards Market has experienced significant growth in recent years. In 2024, the market was valued at USD 11.35 billion and is projected to reach USD 37.89 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.87% from 2025 to 2032. This upward trajectory is driven by the increasing adoption of digital payment solutions and the convenience offered by prepaid cards for both consumers and businesses. Looking ahead, the Canada Prepaid Cards Market is poised for continued expansion. Factors such as technological advancements, the proliferation of e-commerce, and a shift towards cashless transactions are expected to fuel market growth. Additionally, the integration of prepaid cards with digital wallets and mobile payment platforms is anticipated to enhance user experience and broaden the market’s appeal, positioning prepaid cards as a versatile financial tool in Canada’s evolving payment landscape. Get | Download Sample Copy with TOC, Graphs & List of Figures @ https://www.verifiedmarketresearch.com/download-sample/?rid=476563&utm_source=Openpr&utm_medium=204 The competitive landscape of a market explains strategies incorporated by key players of the Canada Prepaid Cards Market. Key developments and shifts in management in recent years by players have been explained […]

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As the global economy rapidly shifts toward digitalization and sustainable development, MPE is organizing the event ‘Digital Transformation – Green Transition’ to mark a significant milestone in the company’s growth journey. Nguyen Tam Manh, CEO of MPE, speaks at the conference According to MPE, this event not only represents innovation and growth but also reinforces the company’s commitment to building a sustainable development foundation, closely linked with social responsibility and environmental protection. Nguyan Tam Manh, the company’s CEO, stated: "Digital transformation is a right – Green transition is a responsibility." This is not just a goal but a core principle in the company’s transformation journey over the five-year period from 2020 to 2025. Digital transformation: Catalyst for operational efficiency MPE has heavily invested in digital technology to optimize management and production operations, particularly by implementing the SAP S/4HANA Private Cloud enterprise resource planning (ERP) system. This advanced ERP solution integrates finance, sales, manufacturing, warehousing, and supply chain management into a unified platform. The entire production process – from raw material intake, storage, and transportation to assembly and packaging – is automated with modern robotics, enhancing productivity, quality control, and operational efficiency. Additionally, the company applies various digital technologies to […]

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