Diary of Activities

22 Nov 2018 | 3:00-3:45pm SGT
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Data is one of the most valuable assets of banks today, a privileged access which provides them with unique opportunities. However, in the digital economy and interconnected networks the pool of data is growing exponentially leading to new challenges in ensuring its privacy, governance and compliance especially as the rapidly evolving local and global regulatory requirements emerge. Not only do banks need to capture and store this enormous pool of data, a significant portion of which may be unstructured, but also ensure its quality and ability to analyse it for timely and effective business insights. Increasingly they now explore the use of emerging technologies such as artificial intelligence (AI) and machine learning to derive intelligence which can maximise the true business value from this data.
05 Dec 2018 | 3:00-3:30pm SGT
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Asia-Pacific is experiencing the most rapid growth of wealth in history, due to the economic expansion of China and emerging Asia.Currently in the Asia Pacific, total household wealth grew by 3%, or $3,346 billion, since mid-2017, to $114,561 billion. Furthermore, wealth in the region is expected to grow at 5.9% per year to reach $153 trillion in 2023, with the number of millionaires expected to increase by 7.6% annually to reach 15 million in 2023. The ultra-high net-worth segment in the same period is expected to grow by 8% annually, with contributing 46%.
12 Dec 2018 | 3:00-3:30pm SGT
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The rise of artificial intelligence (AI) will be a source of disruption for financial institutions (FIs), with dramatic changes to howFIs function, new risks, and additional consolidation in the industry.It is essential that FIs ride this trend to remain competitive, given that fintechs are building digital platforms that gather data to support the implementation of AI.
08 Jan 2019 | 3:00-3:30pm SGT
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Despite continued strong growth in total assets, the Asia-Pacific banking sector is still exposed to high levels of private sector leverage. Steps are currently taken to reign in excess debt growth which has led to the moderation of debt accumulation in some markets, such as China and India. Regulators have also intensified efforts to curb the financial and conduct risks that confront banks in the region.
23 Jan 2019 | 3:00-3:30pm SGT
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The transaction banking business continues to be buffeted by change. For instance, the increasing adoption of open banking and open APIs is transforming banks’ and financial institutions’’ fundamental technology and operations architecture.
06 Feb 2019 | 3:00-3:30pm SGT
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The emergence of digital wealth platforms will disrupt the traditional role of bank-based wealth managers, which acted primarily as mutual fund distributors to allow them to provide more holistic investment advisory and asset management services. Previously, investors who were looking for individually managed, diversified investment portfolios had few options available to them except for mutual funds, which became popular.