Banks are expected to see continued growth in auto lending due to economic development but growth will be dampened by the rise of ride-sharing services.
Dennis Tan, head of consumer financial services at OCBC, shares how the bank is leveraging its data analytics and digital capabilities to increase productivity and efficiency amid tough competition in Singapore.
David Shrier, managing director of MIT Connected Science, shares his views on how new technologies will help achieve smarter lending.
Vladislav Solodkiy, managing partner, Life.SREDA, talks about key issues and challenges to financial technology growth in Asia and existing infrastructure gaps that hinder the scaling of fintech in the region.
Serdar Güner, director of supervision at the Dubai Financial Services Authority, in a speech during The Future of Finance, Middle East and Africa 2017, discussed how the regulator is facilitating innovation amidst the changes happening in the global financial and regulatory landscape.
Rapid developments and increasing competition in the retail banking landscape require greater need for closer supervision and monitoring from industry regulators to protect the rights of the consumers.
An Hyo Ryul, general manager of retail business development at Shinhan Bank, believes the newly launched mobile-based digital banking platform Sunny Bank will allow the bank to digitalise more retail banking assets, effectively monetise online channels, and operate more seamlessly in the online-to-offline space.
2016 saw a rapid progress in disruptive technologies bringing a paradigm shift in the thought process of institutions towards technology adoption and transformation. What will be the top technology priorities and trends in the banking industry in 2017?
China’s insurance industry is undergoing transformation as the authorities try to reign in the speculative practices of some players.
Access to mobile banking in the Philippines remains exclusive and conventional despite a high mobile phone penetration rate. PayMaya is enjoying some success in penetrating the mobile banking space by reaching out to the "unbanked" segment, which makes up two-thirds of the population.
Taiwan’s Financial Supervisory Commission (FSC) is driving the country’s banks to move to digital platforms through its “Bank 3.0” vision as banks have an urgent need to differentiate themselves in the crowded retail banking market.
Investments and interest in distributed ledger technology have been rising rapidly as new use cases emerge to harness its potential. The technology is nonetheless still at an early stage with many hurdles to cross, possibly five to seven years away from mainstream adoption.
With more than 70% of Southeast Asia being unbanked, fintech possesses tremendous potential to widen financial inclusion and spur economies. Advances in the industry mean more people and companies have the ability to save, borrow and transact. Yet with such a wide and sensitive remit, regulations need to keep pace with the constant innovation.
H.E. Rasheed M. Al-Maraj, governor of the Central Bank of Bahrain, in his keynote address during the Middle East & Africa Fintech Forum 2017 discusses the efforts of the central bank to enhance the quality and competitiveness of services in the financial sector through fintech.
Paul Cobban, chief operating officer, technology and operations at DBS Bank, describes the technologies that are making a big impact to the financial services industry.
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