Jacqueline Loh deputy managing director Monetary Authority of Singapore talks about innovation. Innovation is transforming the financial sector. Digitalisation of financial services has made it easier for financial institutions to expand their global footprint, opened the door to new players, and set the stage for increasing cross-border connectivity. The adoption…
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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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As profits dropped due to the global pandemic in 2020, global financial institution focuses on agility and digital mindset HSBC has reported profit after tax down 30 per cent to US$6.1bn and reported profit before tax down 34 per cent to US$8.8bn from higher expected credit losses and other credit impairment…
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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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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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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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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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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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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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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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