Singapore’s drive to shorten private bank onboarding timelines is lifting the role of AI and automation while reinforcing demand for experienced KYC and compliance talent.  The move follows new guidelines from the Monetary Authority of Singapore (MAS) and the Private Banking Industry Group (PBIG) aimed at eliminating redundant vetting protocols. MAS managing director Chia Der Jiun said in a speech […]

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This is a sponsored article from MarketAxess. Riad Chowdhury – Head of Asia-Pacific (RC) Erik Tham – Head of Global Private Banking Product (ET) MarketAxess has been named Best Trading and Execution Platform at the Technology Awards for the 2nd consecutive year. What do you think makes MarketAxess an increasingly indispensable tool for fixed income trading in the Asian private […]

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Credit Suisse is employing live robots or “bots” within its private bank in the region to drive operational efficiency and reduce human errors, Christian Huber, Credit Suisse Private Banking’s APAC COO tells Asian Private Banker. “We realised that when 10% of an employee’s work involves a repetitive task, this cannot be centralised through, for example, business delivery centres,” said Huber. […]

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Deutsche Bank CEO John Cryan believes that “a lot of people” in the banking industry are at risk of being made redundant as automation sweeps through the sector. “It’s difficult to say where the market moves,” Cryan told CNBC in Singapore, “but for the whole sector, it will be a lot of people over the next five to 10 years.” […]

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Automation and disruptive technologies will alter the nature of private banking jobs – including the way relationship managers (RMs) communicate with their clients – in the next three to five years, Bank of Singapore CEO Bahren Shaari said at a conference on Friday. “All the manual processes that we are doing in the bank now will eventually be eliminated,” Shaari […]

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To operate efficiently, a medium-sized private bank should house an army of 100 to 150 ‘robots’, Ashwani Kohli, APAC head of technology firm UiPath, tells Asian Private Banker, adding that private banks are only just beginning to warm to the concept of robotic process automation (RPA). RPA is an emerging technology that automates largely administrative or clerical processes using programmed […]

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UBS plans to house an army of 100 “robots” – or systems that automate repetitive tasks – in its Asia Pacific offices by the end of the year, as the bank undergoes a “robotisation” process, according to the Swiss lender’s APAC president, Kathryn Shih. Shih says that of UBS’ 700 “robots” globally, 100 will operate in Asia. These systems will […]

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Structured products have languished decades behind other asset classes, still largely traded by voice, phone and email. But the pressure to bring this asset class into the present has finally reached tipping point. Mark Munoz, managing director of Contineo, looks at the structured product market in Asia to see what the future holds. (This article first appeared in Issue 93 […]

The post Standard Structures – the journey to standardisation and innovation appeared first on Asian Private Banker.