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GIC REPORT 2019

Sovereign wealth fund urging portfolio companies to embrace tech - or be turfed out

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GIC's CEO Lim Chow Kiat says traditional players can still win the game. Banks proactive about refreshing their products, for example, have the edge in their established clientele and accumulated capital.

Singapore

IN MANY ways, it's do or die. It is why GIC is actively "encouraging" incumbents in its portfolio to seize technology - or run a real risk of becoming irrelevant.

Be they in banking or any other traditional form of business, incumbents have to wake up to the new reality...