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Organisations must look into upskilling, reskilling and multi-skilling their workforce.
Banks always have customers’ data but they have historically not used it well.
Fintech has been hailed as the next frontier in the financial services industry and rightfully so as it has the potential to shake up incumbent businesses. But fintech isn’t just about disruption to FSIs, according to a venture capitalist.
Fintech players should be cautious, because the increasing digitalisation of the financial services industry brings with it an extra element of risk, warned the Securities Commission Malaysia.
When it comes to financial inclusion, all players – traditional FSIs, telcos, fintech companies and governments – should be working together, seamlessly, to foster a cashless society.
A key differentiator for insurance companies over the next few years will be about how well they execute their digital strategies, one expert told the What's Next conference, while another proposed that digital technology will allow the industry to be about life, and not death.
Despite understanding the benefits that they can reap by upgrading their technology infrastructure, many local banks in Asia are still hesitant to embark on an IT transformation, said a senior official from IT and consulting firm Wipro.
IDC Financial Insights looks into the technology implications of the proposed merger between CIMB Bank, RHB Capital and Malaysia Building Society.
Digital News Asia (DNA) continues a weekly series that profiles the top 50 influencers, movers and shakers who are helping shape Malaysia’s Digital Economy. These articles are from Digerati50, a special print publication released in January 2014. For information on customised reprints of Digerati50, email [email protected].