Insights from our Asia-Pacific Leaders
Open banking as a force for good: lowering financial barriers
According to Gary Hwa, EY Global FS Markets Executive Chair and Asia-Pacific Financial Services Regional Managing Partner, open banking will help financial institutions gain a competitive advantage and improve bottom lines, while also driving inclusive growth and meeting a critical societal need.
Artificial Intelligence and open banking pave path back to trust for financial services
Andrew Gilder, EY Asia-Pacific Banking & Capital Markets Leader, reflects on how the use of AI and emerging technology could help put financial services back on the path of trust.
Greater Bay Area requires competition and collaboration
Jack Chan, EY Greater China Financial Services Leader, believes competition and collaboration are essential for the Greater Bay Area to truly succeed as an innovation and technology force.
Focus on China
Listed Banks in China – 2018 review and outlook
The purpose of the 12th EY annual report on China’s listed banks is to provide an outlook on the future development of China’s banking industry based on the observations of the businesses, operating models and regulatory environment of listed banks in mainland China.
China further opens up financial sector (VII)
EY has long followed China's financial market open-up process, and in this Point of View report, we will analyze the impact of the 12 new measures proposed by the CBIRC.
Greater Bay Area - Navigating the road toward an International I&T hub
Government policy, access to finance and talent supply are the three key elements to the development of the Greater Bay Area into an international innovation and technology hub.
Borderless win-win cooperation in building the Belt and Road
This issue of Navigator focuses on the development and prospect of "third-party market cooperation" under the BRI.
Focus on enterprise protection
While you monitor transactions, who monitors your transaction monitoring program?
As regulators focus on transaction monitoring of anti-money laundering defense, financial institutions are looking to harness new techniques to satisfy regulatory obligations while avoiding spiraling costs.
Why collaboration is the best way to combat financial crime
As the costs and complexity of tackling financial crime increase, more banks are considering a managed services approach.
Raising the bar on culture and conduct for financial services in Singapore
After a series of systemic misconduct scandals in other markets, MAS is encouraging Singapore’s FIs to take another look at the norms of desirable behavior and ethical business standards.
Why organizations should be concerned about privileged accounts
If privileged account management is the number one cyber security priority, why are financial institutions still using manual processes?
Will innovation increase cyber threats in the financial services industry?
Innovation is essential for incumbents to compete, but it should not come at the cost of security.
Cybercrime. What does the most damage, losing data or trust?
Trust can be destroyed by a cyber-attack. To maintain or restore trust, cyber strategies must protect, optimize and enable an organization.
For more on enterprise protection click here
Focus on FinTech
Eight ways FinTech adoption remains on the rise
Increasing consumer and SME awareness of, and engagement with, FinTech is driving concrete growth in adoption rates.
Why financial well-being should be integral to banks’ customer strategy
With FinTechs offering customers greater opportunity to manage their financial health, traditional banks should follow suit.
An assessment of the Australian Insurtech ecosystem
Our report shows that Insurtechs are helping incumbents to develop innovative insurance products and deliver services that better align with customer expectations. A copy is available on request, please email
For more on FinTech click here
Why banks can’t delay upgrading core legacy banking platforms - Bank Governance Leadership Network
While legacy issues are a clear and present danger, banks are now better able to adapt and transform them than in the past.
What is the future of the payments function?
The payments function is the beating heart of banking, moving money around the financial system to support all financial transactions. But what is its future?
SMEs in Southeast Asia: redesigning for the digital economy
As digitalization becomes the competitive game-changer for businesses today, what should SMEs in Southeast Asia undertake to transform their digital vision into reality?
Digital enterprise transformation in banking: customer focus pays off and points the way forward
Findings from a 2018 commissioned study conducted by Forrester Consulting on behalf of EY US show that holistic and multidimensional approaches emphasizing human and cultural factors are most effective in accelerating and scaling innovation across the organization.
How insurers can maintain customer trust while using their data - Insurance Governance Leadership Network
Insurers can maximize value from their data assets while maintaining – and even growing – consumer trust and protecting their reputation.
In a changing world, how do you build a claims function with a smarter edge?
Insurers are being disrupted by forces inside and outside the insurance industry. Rising customer expectations, technological change and the ongoing need to reduce costs are increasing the pressure on claims functions.
For more on Digital click here
Why banks must view operational resilience as a strategic imperative - Bank Governance Leadership Network
As digitization reshapes financial services, new vulnerabilities are prompting an increased urgency to achieve operational resilience.
How firms can evolve service and revenue models to meet customer needs
Given the lack of consumer trust in financial services, firms must rethink how they create and deliver products and services.
How alternative capital is driving innovation in risk finance - Insurance Governance Leadership Network
Insurers are taking advantage of recent growth within alternative capital to help drive innovation in transferring and financing risk.
Bankers prioritize technology in their growth and M&A strategies
Overall, M&A appetite among banking and capital markets executives remains strong, with 58% suggesting they will pursue acquisitions in the next 12 months.
Robust M&A activity helps fuel double-digit growth in insurance
Riding a wave of economic confidence, insurance companies focus M&A efforts on technology and convergence to achieve their growth ambitions.
M&A expected to help drive bullish growth strategy for wealth & asset management
Sector convergence lies at the heart of deal strategy as wealth and asset management executives use M&A to help achieve growth ambitions.
EY APAC Webinar replay – Cross-Currency Swaps
With the Asia Securities Industry & Financial Markets Association (ASIFMA), we look at the challenges arising out of the transition from LIBOR to an alternative Risk-Free Rate.
On-demand webcast - IFRS 17: Exposure Draft of proposed changes
We discuss the amendments to IFRS 17 and the impact these changes will have on insurers.
Do regulatory detours disrupt or build your insurance future?
New capital regimes and financial reporting standards are redefining an insurer's societal roles in Hong Kong.
EY Global IFRS 9 Insurance survey
EY surveyed 20 top-tier global insurers around IFRS 9 and IFRS 17 implementation challenges, and the readiness status of those starting IFRS 9 projects.
2019 Global Wealth Management Research Report
Discover how wealth managers can deliver greater value based on their clients’ evolving financial preferences and needs.
Exchange Traded Funds Reports 2019
In this series of ETF taxation reports, we examine the impact of ETFs across key Asia-Pacific markets, ETF types and domiciles.
How alternative assets are key to delivering superior pensions returns
Asia-Pacific boasts attractive direct investment opportunities, but the rules of engagement need to change in order to reap the rewards.
Banking in Asia-Pacific: time to reinvent the digital landscape
Digitalization imperatives, platform players and open banking are redefining financial services. To succeed, incumbents must transform into truly customer-centric, digitally enabled businesses.
Australian major banks’ half year results 2019
It’s been a turbulent half year for the Australian banking sector, challenged by contracting loan growth, growing customer remediation programs and the delivery of the Financial Services Royal Commission outcomes. See EY’s analysis of the 2019 half year results of Australia’s major banks. A copy is available on request, please email
Liberalization presents great opportunity for insurers in Myanmar
Due to its future growth potential, liberalization of the Myanmar insurance sector is believed by many to be the dawn of a new era.