2030: The new reality for financial services

What does 2030 look like for financial services? By 2030 the financial services landscape looks fundamentally different to what it did ten years ago. Digital transformation, evolving customer expectations and new entrants have long been disruptive forces in the financial services landscape. However, the COVID-19 pandemic accelerated the speed of…

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Top emerging technologies for finance organisations

There’s emerging technology investments for corporate finance through 2024…but don’t forget the security. A study of finance organisations in taken by analyst firm Gartner in November 2020 showed a widespread intent to invest in emerging technologies in the next three years, with cloud enterprise resource planning (ERP) being the most…

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Corporate banks in India has potential to transform with cloud

Changing landscape of trust was set against a backdrop of global economic uncertainty. With the prospect of a sharp recovery in economic activities in 2021, corporate banking in India is expected to witness a significant evolution in the path to recovery as banks redesign their corporate customer experience (CX) on…

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Five digital competencies finance will need in 2021

Without improving digital competencies, finance departments will likely struggle to fully benefit from a range of incoming investments. CIOs must educate CFOs on important technologies finance teams need to reach goals in 2021. CFOs will fail to realize the full value of new technology investments unless their staff are equipped…

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How should the APAC financial sector address new challenges of data governance?

Data-to-digital has its challenges. Data will not maintain its value unless governed properly to keep the characteristics that make it accurate, intelligent, trustworthy, and connected, states IDC Financial Insights APAC’s latest report titled Data as an Asset: The New Challenges of Data Governance and How Asia/Pacific Financial Services Should Respond. The…

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Profile: Navigating a FinTech in a COVID-19 world

Ned Lowe chief technology officer of Singlife speaks to CIO Tech Asia about life as a senior IT decision maker during a pandemic. The main difference between a traditional financial institution and a disruptive financial tech start-up is — culture, says Ned Lowe, chief technology officer at Singapore-based Singlife uses…

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Modern banking makes the sector vulnerable to attacks

No sector was more regularly targeted than the financial sector The financial sector has seen a “staggering 238 per cent increase” in cyber attacks and ransomware attacks have increased nine-fold since the beginning of February to the end of April 2020. This is according to VMware Carbon Black’s third annual…

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Chunghwa Telecom releases earnings for first quarter 2020

Taiwanese telco revenue decreased by 6.2 percent The outbreak of coronavirus has been blamed for the “challenging start to 2020”, for Taiwan telecommunications company, Chunghwa. In a statement to the media Chi-Mau Shieh chairman and CEO of Chunghwa Telecom said, the telco had entered the pandemic in a “position of…

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Singapore Budget 2020 offers tech opportunities and challenges

Singapore Deputy Prime Minister and Finance Minister Heng Swee Keat signals country as “global-Asia node of technology, innovation and enterprise in 2020 budget In his release of Singapore’s Budget 2020, Deputy Prime Minister and Finance Minister Heng Swee Keat said structural changes in the country bring both opportunities and challenges.…

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