APAC

She has been with Citi for 15 years.

Deck:  Banks need to embrace a three-part journey to truly deploy ISO 20022 and reap the detailed data and digital modernisation rewards.

Wealth managers are called to ramp up digital services for retired investors.

Majority of the hires will be from China, Hong Kong, India, and Singapore.

In Taiwan, 60% of its female employees are AVPs and MDs, according to Citi.

As digital adoption hastens, there is now more data than ever. Just in 2020, data volume amounted to 59 trillion gigabytes globally and is expected to grow to more than 180 zettabytes by 2025. Yet, for all this abundance of data, the financial services industry remains surprisingly information-poor. Rapid change is needed if the industry is to unlock the riches of its data and turn what is currently a problem into an opportunity. 

Financial services industry has become a hotspot of digital innovation, driven by changing customer expectations, heightened competitions by new entrants and incumbents, stringent regulations, and technological advancements. Embracing the digital world is a strategic imperative to ride the economic recovery wave and build business resiliency. The pandemic exposed many productivity gaps between companies that adequately invested in digital platforms to continue business operations with a remote workforce, and those who were still reliant on manual processes.

Impact on the financial market will ultimately depend on how events will unfold in the coming days.

Credit losses in 86 banking systems globally are expected to equal $635b in 2022. 

Xie Wen and Mohamed Kerain are tasked with growing SC’s CPBB business.

Labour-intensive tasks become a thing of the past as citizen developers create custom solutions with Intelligent Automation.

The new head will handle both Asia and Middle East divisions.

He will also hold the role of head of infrastructure funds coverage in Asia Pacific.

Others want two-factor authentication or biometrics as security options.

Banks looking to dab in crypto face operational, reputational, and legal risks.

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.