As at August, 23 2021, My-Insurer Pte ltd remains one of the few that is PDPC certified under the IMDA accreditation!
There are 60 companies in Singapore that are holding this accreditation which demonstrates the effort of a firm to put the data protection of its clients or users on top of its priorities!
The Data Protection Trustmark (DPTM) is a voluntary enterprise-wide certification for organisations to demonstrate accountable data protection practices. The DPTM will help businesses increase their competitive advantage and build trust with their customers and stakeholders.
In the insurance industry, 3 firms only are accredited:SFA certified that hold such accreditation and its worth communicating it!
Now you can find my-insurer in Peppol Network. It is the first step for My-insurer in its journey to be PSG Grant pre-approved solutions! We will hopefully end this journey successfully next year 2022.
After being the first insurtech PDPC Certified by IMDA, the first private company to have SingPass Single Sign on. It will be another great milestone!
The importance of InvoiceNow!
InvoiceNow is an initiative of the IMDA. It lets businesses send and receive e-invoices directly using approved accounting software systems via the Peppol network.
Unlike sending a PDF file or online invoice via email, the invoice is automatically sent to a buyer’s accounting system through the secure InvoiceNow e-invoicing network. And as long as both the sender and receiver are using InvoiceNow-ready software, e-invoices can be exchanged seamlessly and almost instantly.
What is Peppol?
According to Wikipedia, PEPPOL is a set of specifications maintained by the OpenPEPPOL non-profit organisation with the aim of standardizing cross-border, electronically supported procurement procedures. It features, among other things, electronic invoicing. In addition to specifications PEPPOL consists of a delivery network.
Digitalising Financial Advisers