Oliver Wyman Asia Pacific

While opportunities for meaningful partnerships and value creation between banks and fintechs have grown, banks made less than 1% of all fintech acquisitions in the last 10 years. Our comprehensive analysis of bank-fintech M&A landscape unpacks the top reasons why banks consider acquiring fintechs, and how both parties can navigate the path to success > https://owy.mn/3ULTPRH #Banking #Fintech #MergersAndAcquisitions

Malaysia's newest digital bank, AEON Bank has officially launched, offering innovative, easy to use, and inclusive Shariah-compliant banking. Congratulations to Raja Teh Maimunah, Ajith Jayaram, Glen Cha, and the team on the successful launch! Partners Dan Jones, Juin Keek, and the Oliver Wyman team were at the official ceremony on May 29 at AEON Mall Shah Alam. Learn more about the latest digibank in Malaysia > https://owy.mn/3URY6my #DigitalBank #IslamicBanking #Malaysia

With advancements in technology infrastructure and data availability, competitive pressures, and regulatory support, many Asian institutions, including asset managers, hedge funds, and pension funds, are increasingly exploring and adopting AI-driven strategies in their investment portfolios. At the recent UOB Asset Management Mid-year Investment Outlook event, Oliver Wyman's partner Tek Yew Chia joined Paul Ho from UOBAM and Siddhartha Nadella from Google to discuss the advantages and drawbacks of investing in portfolios that leverage AI. The panel outlined key factors institutions should consider when investing in AI-driven portfolios to ensure that they make informed decisions and mitigate potential risks: 1. Transparency and interpretability 2. Data quality and bias 3. Model robustness and generalization 4. Risk management 5. Human oversight and expertise 6. Costs and implementation challenges 7. Regulatory and compliance considerations #ArtificialIntelligence #AI #AssetManagement

What will it take for Hong Kong to become an artificial intelligence (AI) hub, in addition to its current role as a global financial center? Based on a global survey of more than 25,000 employees by the Oliver Wyman Forum, the city’s workforce is already embracing AI. 84% of its surveyed employees say they use some form of AI on the job, including 61% who say it has improved productivity. However, if Hong Kong is to become China’s AI hub and a global leader, employers must do more to train workers, assuage their concerns about using AI safely, and address its potential impact on jobs. Learn more in this opinion article by Partner Ben Simpfendorfer in the South China Morning Post SCMP > https://owy.mn/3Qq6F6w #AI #GenerativeAI #HongKong

Amongst global artificial intelligence (AI) hubs, countries like the United States and China currently lead the pack in available AI talent and investments. For cities to become globally recognized AI in Finance hubs, there must be a culmination of talent, investments, stakeholder collaboration, regulatory environment, and technology infrastructure. Our report with the Monetary Authority of Singapore (MAS) and Elevandi dives into details > https://owy.mn/3UGedn5 APIX Platform, Amdocs, Singapore FinTech Festival #ArtificialIntelligence #Finance #SFF2023

Asia’s commodity traders, like their global counterparts, are looking to leverage sizeable reserves to turbocharge growth in the next decade. For James Byungjun Koh, Partner at Oliver Wyman, this means first upgrading internal infrastructure and capabilities, and astutely balancing differing needs. Explore the full takeaways from our Commodity Trading report > https://owy.mn/3UVH4VL #CommodityTrading #Renewables #EnergyTransition

Cost-of-living relief was a central focus of this year's Australian Federal Budget, with measures including a new AU$300 energy rebate for all households and increased support for low-income renters. The 2024-25 budget, described as a Budget for the ‘here-and-now’, highlights measures aimed at immediate challenges amid global economic uncertainty, such as higher interest rates and ongoing inflation. How will the Australian Federal Budget impact businesses and what are the risks? Read our expert analysis and key insights here > https://owy.mn/4blG7fs #Budget2024 #Risk #InterestRates Ross Eaton

How can companies predict potential corporate risk events before they even happen? Join our upcoming webinar on May 28, at 1:30 pm SGT/HKT to hear from industry experts Carey Hsu (Oliver Wyman) and Sachin B Singh (Dow Jones Factiva) on the innovative fusion of news insights and AI-driven analytics, and the practical applications for credit risk management. Learn more about Factiva Sentiment Signals in the explainer video, and register for the webinar here > https://owy.mn/3UdhpGs #ArtificialIntelligence #CreditRisk #Analytics

68 countries are in more advanced phase of central bank digital currency (CBDC) development, pilot, or launch. The three key factors needed to further scale CBDCs and the digital asset ecosystem — established technology, regulation, and use cases. Here are the five key takeaways from financial industry leaders and regulators at the Singapore FinTech Festival roundtable, outlining the drivers for change, various actors and their roles, and factors to be considered as digital money scales > https://owy.mn/3UAGQ4Z #CBDCs #DigitalAssets #Tokenization

Zia Bhadiar and Dr Felix Iblher Iblher launched our annual Global Telco Consumer Survey earlier this week at Communications Day (CommsDay) Summit in Sydney. They highlighted five areas of value opportunities that will shape the telco industry in Australia: 1️⃣ In fixed broadband, product quality - defined as speed, reliability, and service features - is an increasingly important driver for customer lifetime value. An example being an +18-p.p. increase in willingness to pay for speed upgrades vs. last year 2️⃣ From a mobile perspective, network quality - measured in terms of reliability, coverage and speed - came out as a strong driver of loyalty 3️⃣ If we look at converged propositions, the digital native Gen Z and Millennials are more open to bundling telco services with services such as streaming, energy, and finance products, by a factor of two to four depending on the services 4️⃣ On trust and data privacy, a significant share of consumers is willing to pay telcos for security features such as network protection and endpoint security 5️⃣ On immersive tech and GenAI, telcos can create value by embedding GenAI across their services, given they enjoy higher trust to use AI responsibly versus the big tech companies #CommsdaySummit2024 #GenAI #Telecommunications Grahame Lynch Veronica Kennedy-Good