Singapore

Traditional banks are under fierce rivalry from new competitors, both big tech companies and smaller fintech start-ups. Initially, existing regulators were making it harder for new entrants to challenge banks, but this is starting to change. In Hong Kong, Chinese technology firms such as Alibaba, Tencent and Xioami were recently granted virtual banking licenses. They can now compete head-to-head with traditional banks on a level playing field. To preserve their market share, banks need to reposition themselves in the market and offer customers a better digital experience. Simply hiring a digital team and occasionally implementing stand-alone digital initiatives will fall short.

He will discuss how to drive innovative business models based on open data and open banking.

Payment and remittances companies snapped up $24.7b in funding.

OCBC's non-SGD loan book exposure hit 65% in Q2.

This lender has more than half of its bad assets unsecured.

He will make the case for the self-service data analytics model.

Loans to DBU trade-related segments and mortgages slowed.

OneConnect received a virtual banking license in Hong Kong earlier this year.

They can access four to seven ETFs with a minimum investment sum of S$1,000 or US$1,000.

It aims to address compliance challenges when financing trade.

Jason Loughnane will discuss how using big data can ease the credit appraisal process.

Hear from CH&Co's Guillaume Rico at ABF DOB Conference on how banks can stay ahead.

The standard meets the needs of regulators, market overseers and reporting firms that rely on unambiguous data to draw meaningful analysis.

Consumer loans shrunk 0.1%.

It will launch in early 2020.

Interested parties have until 31 December to submit applications.