Posts to become cloud platform of choice

Image, a major Chinese e-commerce company, is looking to become the technology platform of choice for U.S. customers in a cloud computing market dominated by Alibaba. The company is now trying to build on the delivery and retail network with a new line of business in technology services, which

Microsoft partners Plaid to turn Excel into a Personal Finance Management app

Microsoft has teamed up with Plaid to let users automatically import their bank and credit card account data into a new personal finance tool called Money in Excel. Money in Excel features a Plaid integration, and the new capabilities essentially turn the spreadsheet software into a FinTech app. It allows users to securely connect their financial accounts, import the data within them, sync balances and transactions over time, and, ultimately, gain greater insights into their financial health.

The collaboration works by providing Plaid with a permissioned connection to financial accounts from the Plaid Link inside the Microsoft Money in Excel system. Once the accounts are linked up, there will be access to transaction and balance history to help show an updated and whole financial picture. There’s a Monthly Snapshot as well which will have personalized graphs and charts to help users better understand spending behaviors. Money in Excel will be initially available to Microsoft 365 subs…

Fintech fast-tracks income-levelling for freelancers

Fintech Wollit, which aims to help with the financial wellbeing of freelancers, gig workers has brought forward the launch of Wollit Income Promise, its first product—which tops-up the monthly pay packets of freelancers and gig workers—by several months in the wake of the coronavirus outbreak.

The service aims to regulate the incomes of those not in full-time work. Wollit provides customers with an interest-free cash top-up whenever they earn less than their average monthly earning. A £9.99 fixed monthly fee is the only cost to customers.

So, if an individual agrees with Wollit that their average earnings are £2,000 a month, but one month they only earn £1,5

Videoconference apps saw 62M downloads in 1 week

According to a new report from App Annie, business conferencing apps have been experiencing record growth as a result, and just hit their biggest week ever in March, when they topped 62 million downloads during the week of March 14-21.

Much of the growth in the category is due to the increased adoption of apps like Google’s Hangouts Meet, Microsoft Teams and Zoom Cloud Meetings.

Zoom topped the charts worldwide in February and March, and continues to see high numbers of downloads in the U.S., U.K. and elsewhere in Europe. Zoom’s U.S. downloads somewhat higher in mid-March, but noted that the term “Zoom” wasn’t a top 100 search term in the U.S. App Store before the week of March 9.

In terms of consumer apps, Social video conferencing app Houseparty, popular among Gen Z, has been rapidly growing in Europe and elsewhere. In Italy, the week ending on March 21 saw Houseparty downloads surge at 423 times the average weekly number of downloads in Q4 2019.

Grab merchants accept payments via WhatsApp

Grab is giving its eligible merchants a customised GrabPay link which will allow them to accept payments via WhatsApp, Facebook and etc. Grab users can still earn GrabReward points if they pay through this special link method. Merchants can also accept voluntary self-pickup orders via GrabFood. Grab will waive all commissions for self-pickup orders.

Grab has announced a Grab Small-Biz Relief (GSR) program which aims to provide financial relief up to RM3,000 for eligible GrabFood small-biz enterprises. This is targeted at micro and small enterprises that do not pay SST and have an average monthly sale of less than RM30,000 on GrabFood. Grab will be embarking on a “Local Heroes” campaign to boost the visibility and awareness for small and independent restaurants. The digital campaign will start on 1st of April.

TikTok to offer curated content, safe for commercials

TikTok and Douyin amassed a combined 740 million downloads last year, overtaking Facebook and Messenger to become the world’s second most downloaded app behind WhatsApp. TikTok is reportedly looking at luring advertisers by launching a new feed that would include curated content from TikTok users or original videos created by professional publishers, mimicking rival Snap that has a specific channel that supports video advertisements. TikTok’s efforts may placate the concerns of brands and advertising agencies that worry their commercials could run alongside distressing or even illegal user-generated content on the platform. TikTok was also thinking about allowing users to shop directly from links embedded in brand advertising. Besides competition, another major challenge facing TikTok is the resistance shown by US lawmakers over privacy and security issues.


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