Supanwongse (Dean) Weeraworawit’s Post

PwC Hong Kong recently hosted a Private Banking Industry Roundtable for chief executives and business heads to discuss the latest regulatory updates and market insights. During the event, we conducted a survey to identify the key challenges faced by private banks in 2024. Regulatory concerns emerged as the top challenge anticipated by the business heads. In addition, the survey revealed that digital assets are expected to be the primary asset class to experience significant #growth in the coming 12-18 months.   In line with the survey findings, our Partner Peter Brewin shared his views on Hong Kong’s progress in digital assets #regulation. He emphasised the importance for private banks to enhance their capabilities, particularly in the area of digital asset custody. Furthermore, our Partner Hokee Fu and Senior Advisor Henry Cheng offered key updates from regulators, including the revisions of the Code of Banking Practice and the introduction of a streamlined approach for compliance with suitability obligations under Sophisticated Professional Investor regime. These developments underscore the importance for #banks to take appropriate measures to meet these updated and new requirements.   Learn more about our private banking insights: https://lnkd.in/gSj9rt87   Antoinette Hoon Michael Footman Hilda Tang #PwC #PwCHK #Digitalassets #Privatebanking 

Mizuho Bank was named Best Asian International Transaction Bank for its One APAC Region strategy that drove greater synergies on the back of new opportunities, better network strength, collaboration and integrated solutions.     The bank merged its Transaction Banking Asia Oceania and East Asia Regions to create one Asia Pacific Region to drive transaction banking synergies across its 14 markets.      In one of its key markets, Mizuho collaborated with a fintech to launch an API-enabled virtual account solution to assist customers with real-time notifications, and paired the solution with a payment gateway to drive seamless receipt of reconciled funds. It went live with digitalised issuance of banker’s guarantees. Given these initiatives, the bank’s transaction banking revenue increased by more than 40%.      The Transaction Finance Awards 2024 recognises achievements in key business and operational areas of the financial services industry. They programme highlights the winning banks’ annual achievements, competition for market share, and product and operational excellence. The awards were presented on 23 May at the Conrad in Hong Kong in conjunction with The Asian Banker Summit, now in its 25th year.     See all the winners here: https://bit.ly/3QZ66AU     Foo Boon Ping 胡文彬, Chris Kapfer, TAB Global     #TransactionFinanceAwards2024 #BankingAwards #TransactionBanking #CashManagement #TradeFinance #Payments #FinancialServices #BankingExcellence #Tokenization #SustainableBanking #GlobalBankingAwards #Banking #BankingIndustry #Excellence #CorporateBanking #TheAsianBanker #TABGlobal

Digitalisation is redefining how trade is conducted. It is playing an instrumental role in supporting commodities trade and financing by making trade more efficient, transparent and secure

The rapid and vigorous pace of innovation in Asia's #payment landscape is truly fascinating as it completely reinvents itself. From #digitalwallets to #contactlesspayments to #tokenisedpayments to #embeddedfinance. Capital market participants must adopt a comprehensive approach to managing commercial money movements, integrating risk management, technology, compliance, and strategic planning into decision-making processes. I spoke to Chavi Jafa, Head of Commercial and Money Movement Solutions, @Visa Asia Pacific in an exclusive interview for CorporateTreasurer to unravel some exciting work that is happening in this space. Read it here https://lnkd.in/em3y5tRU #paymentsolutions #paymentsinnovation #capitalmarkets #nextgentech

Risk functions must always leverage new technology to stay ahead of the curve. We speak to UOB's Chief Risk Officer, Chan Kok Seong, on how artificial intelligence can transform banking. Watch the full interview where he also discusses the bank's ambitions in ASEAN, risks in banking, and his leadership style > https://owy.mn/3vsAUSG #ArtificialIntelligence #Innovation #Risk

Sharing a glimpse of our recently concluded virtual event: Digi-Dialogues on Digital Risk and Compliance The presentation by Sameer Singh Jaini, Founder and CEO, of The Digital Fifth, meticulously outlined the transition from traditional banking practices to a more digital-centric approach, a transformation spurred significantly by the Reserve Bank of India's introduction of a new regulatory framework for Non-Banking Financial Companies (NBFCs). The talk underscored the critical role of fintechs, which have moved from the periphery to the center of financial regulations. It also introduced the Unified Compliance Framework (UCF), a strategic tool that integrates various regulatory requirements into a single, streamlined framework to optimize compliance processes, enhance risk management, reduce costs, and improve decision-making capabilities. This session illuminated the necessity of robust compliance strategies to navigate the complexities of the regulatory landscape and ensure sustainable growth in today's dynamic financial market. Watch the insightful session here: https://lnkd.in/duU_2Bxs Register here for our Digi-Dialogues II for more insights on Compliance: https://lnkd.in/dP2_jqjw Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #compliance #digital #session #event #virtual #fintech #market #rbi #regulations #ucf #risk #government

Sharing the glimpse of our recently concluded virtual event: Digi- Dialogues on Digital Risk and Compliance The presentation by Sameer Singh Jaini , Founder and CEO, The Digital Fifth, meticulously outlined the transition from traditional banking practices to a more digital-centric approach, a transformation spurred significantly by the Reserve Bank of India's introduction of a new regulatory framework for Non-Banking Financial Companies (NBFCs). The talk underscored the critical role of fintechs, which have moved from the periphery to the center of financial regulations. It also introduced the Unified Compliance Framework (UCF), a strategic tool that integrates various regulatory requirements into a single, streamlined framework to optimize compliance processes, enhance risk management, reduce costs, and improve decision-making capabilities. This session illuminated the necessity of robust compliance strategies to navigate the complexities of the regulatory landscape and ensure sustainable growth in today's dynamic financial market. Watch the insightful session here: https://lnkd.in/duU_2Bxs Register here for our Digi- Dialogues II for more insights on Compliance Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #compliance #digital #session #event #virtual #fintech #market #rbi #regulations #ucf #risk #government

The Bank of East Asia, Limited embraced the power of #hybridmulticloud. The result? ✅ Agile resource optimization ✅ Elevated compliance measures ✅ Higher quality banking services https://ntnx.com/3x43ivA #NutanixStories

In Nutanix, AI is no longer a buzzword. We help our Clients to implement AI for their business. Learn more how Nutanix collaborated with Bank of East Asia to enhance the Bank’s sales surveillance and fortify its compliance measures through an AI-powered speech-to-text solution #nutanix #ai #cloud #machinelearning #openshift #redhat

As the competition in Singapore's cross-border wealth management sector intensifies, we're excited to assist Standard Chartered in uncovering the key behaviours, corridors, and trends influencing cross-border banking clients' perspectives. RFI Global International Banking report data has been highlighted in The Edge Singapore and The Business Times. #Banking #WealthManagement #Singapore #StandardChartered #CrossBorder #Finance https://lnkd.in/g_DPkWBb