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Asia’s leading non-government organization for entrepreneurship, Enterprise Asia recently hosted the first virtual Asia Entrepreneurship Forum with the theme Accelerating Growth Beyond Borders. The event focuses on how economies can accelerate growth post-COVID-19 through three primary factors: Resilience, Reinvention, and Transformation. Among the attendees are over 500 c-suite level executives and business leaders from Cambodia, Hong Kong, India, Indonesia, Malaysia, Pakistan, The Philippines, Singapore, Taiwan, Thailand, and other parts of the region. The event enabled global reach, flexibility, and interactivity for the delegates. 

A new research by Mastercard Company RiskRecon and the Cyentia Institute explored the current state of third-party risk management (TPRM) programs and practices. Findings showed that TPRM professionals no longer see security questionnaires to provide sufficient information to understand and act on business’ third-party risk. The results of the survey of 154 TPRM professionals included findings such as that 79% of firms have a TPRM program with 84% of which use questionnaires for assessing vendor security risk. 81% of businesses report that at least 75% of their vendors claim perfect security compliance. However, only 14% say that they are highly confident that vendors actually perform the security requirements.

A study published on Global Payroll Outsourcing Market offers insights into the share & size of the following Payroll Outsourcing segments: payroll service, hosted payroll, and cloud payroll. The study also presents examples of various market developments and business strategies that industry players to address current challenges in economic slowdown and the demand-supply gap.

Northern Trust Global Head of Integrated Trading Solutions Gary Paulin shared how the current financial environment brought by the pandemic increases outsourcing activity in the asset management industry. Cutting cost is often the first reason asset owners choose to outsource front office services. Moreover, the current global situation has brought more reasons to consider outsourcing. Northern Trust’s recent white paper showed that firms opt to remove costs and the complexity of implementing in-house solutions. These businesses turn to outsourcing to free up capital and invest in more strategic growth.