Commentary

Journey towards financial inclusion in Bangladesh

Bangladesh has established its position as a pioneering country to have made significant strides towards financial inclusion and its vision ‘Digital Bangladesh’. The country’s recent development in its financial sector, varied heritage in credit and microfinance, widespread adoption of digital finance and mobile financial services (MFS) are recognized at a global level. The government’s effort to consider financial services as drivers of shared prosperity and inclusive growth. Access to financial services and their usage have significantly positive impacts on the socioeconomic outcomes that are perceived by businesses and households. Moreover, this access and usage are considered as essential factors to poverty eradication.

Commentary

Journey towards financial inclusion in Bangladesh

Commentary

How AI is Modernising Data for the Financial Services Industry

In November, Singapore’s National AI Office (NAIO) collaborated with the Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Office (SNDGO) in a programme to strengthen AI capabilities within Singapore’s financial sector by providing financing and access to government data. In fact, even before the pandemic, the financial services industry has already been witnessing an acceleration in digital transformation.

Commentary

Cryptocurrency in Hong Kong – Regulated or Not

With the second-highest engagement after the United States, Hong Kong continues to be a significant market for cryptocurrency.

Commentary

Open source is critical to the competitiveness of Singapore’s financial services industry

It’s no exaggeration to say that financial services are critical to Singapore’s future prosperity. The country has long punched above its weight in the global financial services industry, serving as a strategic operational base for a huge number of major international organisations to do business throughout Asia. As a result, the sector is responsible for approximately 200,000 jobs and accounts for around 10% of Singapore’s GDP each year.

Commentary

Managing the financial risk of aiming for Net Zero

Reaching net zero by 2050 doesn’t sound particularly ambitious. It’s thirty years away. But the reality is that reaching net zero by 2050 – as Thailand and Vietnam recently pledged to do – will be an uphill battle for both economies.

Commentary

How Singapore FIs can address the tech and cyber security risks associated with public cloud adoption

The cloud is increasingly becoming the primary location for financial institutions to store and process data: most financial institutions have moved their applications to cloud platforms, and many of those that still have their data on-premise today are planning their imminent migration to cloud.

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Curbing Financial Crime Using Data Analytics

Over the past few years, the use of data has grown exponentially as businesses adopt a digital-first approach.

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Banks will lean further on tech to tackle 2022 security challenges

Covid-19 has driven large-scale growth in online banking, dramatically increasing the volume of sensitive customer data that’s available to steal.

Commentary

Five ways technology will reshape the banking landscape in Asia in 2022

While the impact of Covid has been hard felt by the financial services industry both in Asia and globally, the resulting challenges have provided the stimulus for long-overdue innovation and digitisation when it comes to the technology banks rely upon to do business.

Commentary

Climate Risk and the Role of the Finance Sector

Climate change is the most urgent threat facing the world. It affects us all. The imminent risks are spelt out in detail in the recent IPCC Report, which was headlined around the world as “Code Red for Humanity.” The subsequent COP26 conference in Glasgow has seen world leaders agree on certain measures designed to reduce emissions and take concrete steps towards the decarbonisation of the world economy, including agreement on halting and even reversing deforestation.

Commentary

Asia-Pacific IT Priorities: One Year After the Pandemic

A Survey of Financial Services Firms.

Commentary

Why a hybrid approach could help wealth managers to reduce client churn

Attributed to Gery Dachlan, Managing Director, South Asia and Australia, Avaloq.

Commentary

Swiping away bank fraud

Authentication and verification of consumers require flexibility, convenience, and security. But the onus has always been on the customer to prove their identity.

Commentary

How financial services can heed regulators’ call for sustainable finance

Increased regulatory interest in sustainability will require financial institutions to address its ESG strategy, risk management, regulatory compliance, and data challenges.

Commentary

Climate Finance Taxonomy: 5 Principles to Steer Transition

The accelerating impact of climate change is growing more evident by the day, necessitating substantial shifts in financial market structures and taxonomies in order to rapidly scale climate investments and achieve low-carbon targets.

Commentary

The Next Pedestal of the Payments War for Banks and FIs: Buy Now Pay Later

Buy Now Pay Later (BNPL) has seen remarkable growth in recent years and is on track to achieve a global market value of US$700b by 2023. This 90% compound annual growth rate (CAGR) reflects the growing penetration of this simple transactional instrument—consumers purchasing a product now with the agreement to pay for it later.

Commentary

Accelerate the digital banking evolution and move ahead of the curve

The roadmap to success for many organizations has been defined by digital transformation. However, since the Covid-19 crisis started, organizations across many industries had to accelerate and redefine their plans to keep pace with the dramatic changes in the business landscape.

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