Technology services group Adera and BreadTalk have announced the establishment of a technology joint venture to develop innovative fintech and digital solutions targeted at small and medium enterprises (SMEs).
In a joint release, the partners said the technology collaboration aims to develop digital tools that offer data analytics, enhance operational efficiency and data-driven decision methodology on issues such as inventory, payments and customer acquisitions.
They will also create a scalable “omni-channel platform” to enhance outreach to customers via new sales channels, integrating operations, incorporating digital payments and facial recognition, as well as designing a cohesive user experience for end-customers.
Finally, Adera and BreadTalk will establish a blockchain-based supply chain financing platform with digitalised processes and document automation.
This is so that stakeholders can gain faster access to financing and potentially lower their costs of funding.
They said with more accountability and transparency, it can foster greater trust and confidence between financing institutions and transacting parties, leading to lower financing and business risks.
Under the joint venture, Adera will provide its knowhow, capabilities and experience in key areas such as digital automation, facial recognition, digital identity, digital payments and artificial intelligence, while BreadTalk will contribute its technical and operational experience.
