Intelligent SME.tech Issue 04 | Page 7

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Canadian InsurTech Foxquilt announces partnership with Digital Partners

Foxquilt , a leading insurance technology company focused on empowering small businesses and B2B networks to save on small business insurance , has partnered with Digital Partners , a Munich Re company , to enable the company to operate as a fullservice insurance provider and co-creator of new , end-to-end insurance products / programmes for small businesses .

“ Small businesses deserve immediate access to tailormade insurance solutions that complement their unique operations . However , it requires building new architecture to support data-powered algorithms to afford such value . Our team built a dynamic underwriting platform that rewards business owners with an empowered value offering including simplicity , new products and savings . The progressive platform , Foxden , discerns the nature of the risk , underwrites and rates it , and directs it to a custom-made , proprietary product ,” said Mark Morissette , CEO and Co- Founder of Foxquilt .

This Digital Partners collaboration provides the Foxquilt team with the autonomy and capabilities to design innovative products and underwriting and rating algorithms .

Sparklight Business offers Internet Backup Service to SMEs

Sparklight Business has announced the launch of Internet Backup Service – a solution that allows small and medium-sized businesses to keep their Internet service , as well as mission-critical devices such as credit card and point-ofpurchase machines , operating in the event of a service outage .

Whether it ’ s due to a major disaster , construction-related fibre cut or a simple power outage , Internet service disruptions can be costly for businesses . Internet Backup Service is a wireless solution that prevents downtime in the event of a service outage by immediately and seamlessly directing Internet traffic to pass along a wireless network .

“ With the many challenges businesses are facing during these difficult times , it ’ s crucial for operations to continue uninterrupted and for sales and information to keep flowing ,” said Chris Boone , Sparklight Senior Vice President of Business Services and Emerging Markets .

“ Internet Backup will help avoid downtime and achieve necessary continuity of service , giving businesses peace of mind that critical devices will continue operating , 24 hours a day , seven days a week .”

Mastercard launches resource to support Digital Transformation of SMEs in Asia Pacific

To help small and medium enterprises ( SMEs ) recover from the pandemic and prepare for the future , Mastercard has launched the Digital Acceleration for Small Businesses microsite across most of its Asia Pacific websites with information and resources on how to digitalise and run businesses more efficiently .

As COVID-19 drives a rapid and lasting shift to e-commerce and contactless payments , the one-stop centre features guides on Digital Transformation , e-learning courses , information about Mastercard products and services for SMEs , cybersecurity insights and tools to reduce vulnerabilities and access to discounts on business software solutions , e-commerce platforms and digital marketing services .

The Digital Acceleration for Small Businesses microsite is available across Mastercard ’ s English-language websites for Singapore , Malaysia , the Philippines , Thailand , Hong Kong , India and Southeast Asia . It will be rolled out selectively on non-English sites in the future .