NextWave Banking in Asia-Pacific

In the latest episode of the EY NextWave Banking in Asia-Pacific podcast, EY Asean Financial Services Managing Partner Sumit Narayanan, and Bank of Singapore’s Managing Director and Head, Platforms & Integration, Karthik Shenoy, explore the growing synergy between artificial intelligence (AI) and sustainability in the ASEAN banking sector. The discussion highlights how banks are leveraging AI to advance sustainability initiatives, reduce their environmental footprint, and promote responsible practices across environmental, social, and governance (ESG) dimensions. The conversation also delves into the social impact of AI, including enhancing diversity, equity, and inclusion (DEI) through AI-driven recruitment platforms and career marketplaces.  Discover how AI is poised to drive systemic change in the banking sector, from optimizing energy usage in data centers to improving risk management and creating personalized sustainable investment portfolios. This episode provides valuable insights into the future of AI and sustainability, and the collaborative efforts needed to achieve long-term sustainability goals.  New research from EY and Bank of Singapore reveals the opportunities and challenges of AI in sustainability, highlighting initial priorities for banks in the region.  Download the report here: https://info.ey.com/ey-bank-of-singapore-report-integrating-artificial-intelligence-into-sustainable-solutions-enabling-sustainability-in-the-digital-age.html?WT.mc_id=17501856&AA.tsrc=microsite See omnystudio.com/listener for privacy information.

 In this episode, host Andrew Gilder – Partner, Financial Services, Ernst & Young Australia and Shin Yamazaki - Managing Director and Head of Transaction Banking Asia-Pacific at SMBC delve into the EY Voice of the Treasurer Survey, revealing insights from CFOs and treasurers across seven markets. Tune in for an in-depth discussion on private credit, sector-specific solutions, AI integration, and ESG-focused investments.Download the full report to get more actionable insights - https://www.ey.com/en_gl/future-of-treasury-services-opportunity-for-banks.If you would like a conversation on how EY teams can help your bank explore transformative trends in treasury management, please contact Patricia Tay, EY Asia-Pacific Banking and Capital Markets Leader or Abhay Chauhan, EY Asia-Pacific Corporate, Commercial and SME Banking (CCSB) Leader via LinkedIn or visit www.ey.com/banking. See omnystudio.com/listener for privacy information.

In this episode, Nick Davison, EY Oceania Financial Crime Leader and Duncan Jepson, Founder of Liberty Shared, dive into the societal impact of financial crime and the innovative strategies being employed to combat it. Join them for an in-depth exploration of the changing face of financial crime over the past two decades, focusing on the rise of cyber-scamming and forced labor as the latest trends. Understand the critical role that banks and big data play in combating these economic transgressions.If you would like a conversation on how EY teams can help your bank adapt to these challenges and drive effective action, please contact Andrew Gilder, EY Asia-Pacific Banking and Capital Markets Leader via LinkedIn or visit www.ey.com/banking.See omnystudio.com/listener for privacy information.

In the 11th episode of the EY NextWave Banking in Asia-Pacific podcast, industry leaders Lukas Bower - EY Asia-Pacific Financial Services Generative AI Leader and Dr. Andrew McMullan - Chief Data and Analytics Officer at Commonwealth Bank of Australia (CBA) delve into the transformative impact of Generative AI (GenAI) on the banking sector. The discussion centers on how banks are leveraging GenAI to enhance customer service, streamline operations, and stay ahead of fraud and scams. The conversation also touches on the ethical use of AI, workforce upskilling, and the importance of a customer-obsessed, AI-driven organizational culture.Tune in to learn more about CBA's AI journey, the challenges they faced, and the strategies they implemented to create a seamless digital experience for their customers.New research from EY-Parthenon reveals how decision-makers at retail and commercial banks around the world view the opportunities and challenges of GenAI, as well as highlighting initial priorities. Download the report here: https://www.ey.com/en_gl/insights/banking-capital-markets/five-priorities-for-harnessing-the-power-of-gen-ai-in-bankingIf you would like a conversation on how EY teams can help your bank navigate digital innovation, new business models, and ecosystem partnerships in order to transform and achieve growth, please contact Andrew Gilder, EY Asia-Pacific Banking and Capital Markets Leader via LinkedIn or visit www.ey.com/banking.See omnystudio.com/listener for privacy information.

Cyber attacks have caused unprecedented disruption and financial damage across various industry sectors. This gave rise to the pressing need for cyber resilience in Asia-Pacific financial services institutions, with a particular focus on banks. But what are the approaches necessary for leadership teams to develop the capabilities required to protect their institutions from cyber threats and ensure business continuity?Join Gajan Ananthapavan, Tech Area Lead for Security Operations, Intelligence, and Influence at ANZ, and Rohit Rao, EY Asia-Pacific Financial Services Cybersecurity Leader, with Clare Sporle, Partner, Financial Services, Ernst & Young, who is based in Australia, as they explore the role of cyber resilience as a critical strategic priority for Asia-Pacific banks.In this episode, we also reveal actionable approaches to integrate cybersecurity into everyday operations and discuss strategies to combat cyber attacks and transition from a reactive crisis mode to business as usual.If you would like a conversation on how EY teams can help your bank to navigate digital innovation, new business models and ecosystem partnerships in order to transform and achieve growth, please contact Andrew Gilder, EY Asia-Pacific Banking and Capital Markets Sector Leader via LinkedIn or visit www.ey.com/banking.See omnystudio.com/listener for privacy information.