How Asia’s financial services brands can prevail in the age of AI

Financial brands in Asia should take advantage of the huge opportunities offered by technological advancements in AI, machine-learning and data science.

With advances in artificial intelligence, new capabilities in financial institutions “will scale so fast that we might not know exactly what to do” – this was the warning that Michael Araneta, associate vice-president for IDC Financial Insights, recently sounded at the recent Asian Financial Services Congress 2019 in Singapore.

“We will be tempted to explore a lot of new things, just because we can. It does not necessarily mean that these are necessary or that these are things we should be doing,” Araneta, who leads IDC’s research and consulting for financial services, explained.

Moving forward, he anticipates Asia’s...

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