EY

E-commerce, real-time networks, and digital standards drive payment volume expansion

He discussed the five sector-specific developments that financial services organisations across Asia-Pacific need to manage to be successful.

Fees contracted for the first time in 5 years a quarter earlier.

It’s no longer just about giving perks, but about offering experiences, industry leaders said.

Ernst & Young’s Aloysius Fua to moderate summit discussions on bridging the company-investor gap for sustainable finance.

Under the Code of Conduct, BNPL providers need to show customers their ‘Trustmark’.

ISO 20022 is set to become the universal language of payments.

Southeast Asia’s financial services institutions (FSIs) are bracing themselves for another year of volatile geopolitical and economic conditions, with record-high inflation and rising interest rates. But those willing to push the digital envelope will find new pockets of growth to help them remain resilient and become future-ready. For this to happen, FSIs need their executives to embrace a digital-era transformative mindset – one that builds skills, flexibility and agility, preparing their organizations to pivot at any moment.

Nam Soon Liew said that financial institutions need to double down on cybersecurity and financial crime compliance amidst digitalisation.

If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota, says EY’s Christine Lin.

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

More than one in three APAC SMEs consider switching to fintech.

For EY's Asean Regional Managing Partner, digital transformation is not an option today, but a necessity that has been accelerated by the pandemic.