After a transformative 12 months that has led to success in key market segments and breakeven faster than the industry norm, WeLab Bank has emerged as a leading digital bank in Hong Kong. Speaking with FinanceAsia, Chief Executive Tat Lee outlines what’s next, including capitalising on the potential of artificial intelligence (AI).
Cultural readiness, not just code, is emerging as the biggest barrier — and opportunity — in scaling AI across financial services, according to MAS and AWS.
By combining credit assessments driven by artificial intelligence (AI) and big data with cutting edge digital infrastructure, FinVolution Group plans to empower financial institutions and advance financial inclusion across Asia, explains Joseph Ruan, chief operating officer of the fintech firm’s Philippines business.
INDONESIA: Best Bank for Financial Inclusion (DOMESTIC) | Best Commercial Bank - SMEs (DOMESTIC) | Best Custodian Bank (DOMESTIC) | Best Private Bank (DOMESTIC)
Andrew Cross, CFO at the Beijing-based infrastructure bank, shared his views on private capital mobilisation, high interest rates, sustainabilty bonds, and the attraction of Hong Kong as a fundraising destination; the AIIB is looking to deploy $75bn by 2030.
Through its pivotal role in the record-breaking acquisition of Vinda International Holdings by a subsidiary of Singapore’s Royal Golden Eagle (RGE) Group, BOC Macau secured a well-earned award from FinanceAsia for ‘Best Syndicated Loan Deal - China Offshore’.
