Traditional banks in China have begun to utilise cutting-edge technologies by collaborating with technology companies, start-ups or emerging financial institutions. While pushing their way in revolution, the vital point is to strike a balance between the digitisation of services and traditional manual banking services.

The Web is facing a number of fundamental issues that undermine its potential as a neutral platform for information, learning and understanding, its inventor Tim Berners-Lee, opening keynote speaker at The Future of Finance Summit 2018 from 23rd to 25th May in Beijing China, offers some solutions to safeguard it.

Despite the current turmoil in the cryptocurrency world, Andy Tian, co-founder and chief executive officer of Asia Innovations Group, believes that the underlying blockchain technology has real world benefits and its success rests on extending its reach beyond the crypto community to the end consumers.

Commonwealth Bank of Australia is involved in three actions against it but none will result in any of the directors being made to account for what they knew or didn’t know or did or failed to do to prevent the bank from allegedly being used to launder money.

The Asia Pacific banking industry will continue to see a rise in demand and salary among highly skilled technical workers in the backdrop of ongoing digitalisation.

The Asia Pacific banking sector will benefit from the improving global and regional economic conditions in 2018. Overall, better asset quality is expected, and banks will maintain relatively stable profitability and capitalisation. Nevertheless, there are growing concerns over the potential asset price corrections, high private debt, and geopolitical risks.

The 2017 China Private Wealth Dialogue discussed how wealth management advisors and private bankers balance technology and service, while addressing client needs and interest in asset allocation and philanthropy

The world is currently experiencing such favourable conditions for growth that some economists have described them as "Goldilocks" or "just right". However, there is a flipside, it will not last.

Cyber-threats have become increasingly complex, inflicting high monetary and reputational damages to institutions that, despite various measures, are forced to plan “catch up” to the advanced technology of criminals. As regulators expand advisories, the institutions now need stronger multi-layered cyber-resilient initiatives.

Ciko Thomas, who runs retail banking at Nedbank, talks about how the move towards digital, combined with prudent asset growth and strong cost management, can yield long terms sustainable results in profitability and customer service

Leading the technology transformation in VietinBank, Tran Cong Quynh Lan, the bank’s deputy general director, explains the changes in its technology infrastructure and challenges it faced in the transformation process

The Internet of Things offers potential opportunities in retail and corporate banking and will fuel the rise of new types of clients in the form of smart cities and autonomous artificial intelligence driven market agents.

Banks in China will still continue to seek more stable sources of income and more organic generation of capital

Australian banks are moving towards increased digitalisation, leveraging technological advancements to ensure seamless customer experience in providing better retail banking products and services.

In general, industry assets under management in selected Asia Pacific countries shows sustained growth trends up to 2018. However, the shares of top banks in total assets under management differ widely, wherein top banks in emerging markets have higher market shares compared to top banks in mature markets.