The disruptive nature of RegTech provides benefits such as dataset agility, faster report speeds and integration, and analytics that are capable of mining large and complex datasets, the company says
Startups like Singapore’s Mesitis and Australia’s StockSpot, which use technology to offer investmenet advice and wealth planning, are targeting the financial hubs of Hong Kong and Singapore.
As consumers do more of their banking digitally, especially on smartphones, the bank's general manager of consumer digital, Travis Tyler, said it was looking at using "bots" to respond to customers with simple questions.
IRESS has introduced changes to its financial planning software application, Xplan, to further improve speed and accuracy for advisers using MLC’s online application system.
“The idea is to create a link, a bridge, a conduit for Asian money looking for investments in Europe or vice versa,” said Tsang.
From today, SMEs in Hong Kong, including startups, can harness the power of DBS BusinessClass to leverage a wide range of business opportunities.