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With travel increasingly becoming a priority for consumers in Asia Pacific, it presents unique opportunities for brands to build strong relationships with their most valued customers, differentiate from competition, and deliver measurable business impact.  

The introduction of IFRS 9 at the start of 2018 fundamentally transformed how financial institutions (FIs) understand and measure risk, prompting a shift to a proactive approach to credit risk management. FIs must anticipate and make future losses provisions, rather than reactively responding only after a loss has been incurred. This shift necessitates accurate financial reporting and extensive disclosures, including the recognition and measurement of expected credit losses (ECL).

The combined expertise of SAP Fioneer and Grant Thornton has brought to light strategies for financial institutions to enhance credit risk assessment and bridge gaps between finance and risk management.

Jonathan Tanner, Senior Director, Industry Principal Financial Services & Insurance Asia Pacific, Pegasystems

In a competitive skills-based job market, the CTP designation helps treasury professionals boost their credibility.

Survey Reveals Asian SMEs' Growing Interest in Fintech for Alternative Financing

Nowadays, organizations must handle the flow of goods and services from suppliers to customers efficiently in order to remain competitive. This includes operations such as inventory management, order processing and shipping.

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.

The banking industry must adapt to this change to keep up with the demands of the market.

SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, has received a Red Dot Design Award, the most prestigious international symbol of quality in design for its SmartStream Air solution – the pure AI cloud-native application for financial reconciliations.

Despite global headwinds, innovative and sustainable investment options are key to building a more resilient future. 

Jonathan Tanner, Senior Director, Industry Principal Financial Services & Insurance APJ, Pega

Transparent and trustworthy reporting standards made Singapore a regional financial hub. Can it do the same with green investing?

More transparent, more objective, more standardised

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

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.