Dear Partners and Friends,
Some of you may be reading this at home under new work from home arrangements following the outbreak of Covid-19. While many of us are concerned about the impact of Covid-19 on an already challenging business environment, we must not overlook the need to protect staff from the risk of infection. Beyond providing a safe work environment, with plenty of hand sanitisers and face masks available, technology and trust are needed to enable staff to work from home effectively as a precautionary measure.
Under current circumstances, proactive precautionary measures will help reassure staff as they continue to serve clients as usual. RHT’s own Business Continuity Plans have kicked in to manage potential risks and ensure that we are able to continue delivering our services to clients without any disruption. We will share further updates on the temporary measures in place at RHT in due course.
I would also like to update you on the long-term reorganisation of our operations. We have left our first home at 6 Battery Road with most staff moving into our new hub at Paya Lebar Quarter (PLQ). We maintain a rightsized presence at Republic Plaza in the city centre. I look forward to meeting you at our new hub designed to enhance efficiency and collaboration.
In times of crisis, clear communication is paramount. Singapore’s handling of the Covid-19 outbreak has won international praise, especially the authorities’ communication of a rapidly evolving situation. When a crisis hits, organisations need to react quickly to minimise the spread of misinformation and control the narrative. Any delay will create a vacuum that will eventually be filled with fake news. In this issue, RHT Communications and Investor Relations tells us more about the do’s and don’ts in crisis communication. To learn more, drop us a note at firstname.lastname@example.org and we’ll send you a book on crisis communications.
While Covid-19 may be an unexpected blow to the economy, we must not lose sight of our long-term economic transformation goals. This year’s budget has many support measures for some of Singapore’s hardest hit sectors. However, the success of these measures often hinges on their accessibility. Expert guidance is needed to help companies dig deep into the world of support made available by the Budget. 1920RHT tells us more about Budget 2020 and how companies can minimise risk and seize opportunities.
RHT Fintech Holdings is also seizing opportunities powered by blockchain. We are excited with the progress of SingDax as we leverage our traditional capital markets advisory capabilities and experience to deliver new alternative methods for fundraising. SingDax is also set to become a new platform for the trading of real estate backed digital securities. To achieve this, we’ve partnered with Singapore-based Hydra X to provide the building blocks of our next-generation digitised trading platform.
For innovation to flourish, there must be regulatory certainty. As technology continues to transform financial services, the Payment Services Act commenced earlier this year. The new act encourages innovation and the growth of payment services and fintech. It will enhance the regulatory framework for payment services in Singapore, strengthen consumer protection and promote confidence in the use of e-payments. RHT Compliance Solutions will also share their insights on how the new act may affect you.
On behalf of the Group, I would like to thank our Partners and Clients for your continued support of RHT Fintech Holdings. I am confident that we will continue to be the right firm for you throughout this trying time.