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. DBS faces credit cost spike on Autobahn exposure 2. UOB logs ‘highest’ Copilot usage amidst 40-branch rollout 3. Bank of Singapore appoints OCBC veteran as global CFO 4. OCBC sets up securities financing unit to mobilise idle assets 5. Visa urges banks to bridge data gap as payment choice surgesResource Center
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Its wealth centres, comprehensive solutions, and digital tools are at the core of its strategy.
Commentary
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’