The Business Times
business-time-50
THE BROAD VIEW

Banking needs its Back to the Future moment when it comes to technology 

google-preferred-sourceAdd BT as a preferred source
    • For the industry to thrive in future, words such as platform banking, ecosystems, embedded and decentralised finance are the primary orchestrators of the new financial economy, and often it will require banks adopting fintechs’ disruptive potential to deliver them.
    • For the industry to thrive in future, words such as platform banking, ecosystems, embedded and decentralised finance are the primary orchestrators of the new financial economy, and often it will require banks adopting fintechs’ disruptive potential to deliver them. PHOTO: BT FILE

    Shayan Hazir

    Published Sat, Jul 20, 2024 · 05:00 AM

    IF YOU’RE a fan of the Back to the Future movie series, you will know how Marty McFly had to unravel the past, in order to secure the future.

    I had a similar “back-to-the-future” epiphany at the Point Zero Forum held in Switzerland this month (July).

    At the event, 2,000 central bankers, regulators, policymakers and industry leaders convened to address the latest developments in financial technology and its implications on the future of finance.

    Banking

    TRENDING NOW

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    SIA said macroeconomic and geopolitical developments, including the Middle East conflict, continue to add uncertainty to the airline industry’s operating environment.

    SIA posts S$76 million Q1 loss despite record revenue as fuel cost jumps almost S$1 billion

    The hiring push comes as Singapore’s banks expand their wealth franchises across Asia.

    Singapore banks’ battle for wealth talent goes beyond private bankers

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More