Bank of the Future
Secret Sauce for the Banking Industry
Secret Sauce for the Banking Industry
According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast.
The bank of the future: How to embrace AI and analytics
Banks must invest in transforming capabilities across all four layers of the integrated capability stack, says McKinsey & Co.
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1. Banks see sharp drop in cheque use ahead of 2027 phaseout 2. Hang Seng Bank names former HSBC Hong Kong chief CEO 3. UOB sees rising trade finance demand in ASEAN and Greater China 4. Singapore extends lead as regional fintech hub with 84% share 5. China’s banks expand lending but struggle with weakening demandResource Center
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Equinix empowers banking modernisation and interconnection across Malaysia and Southeast Asia
Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.