NextWave Banking in Asia-Pacific EY

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-banking

If 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.

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.

The banking industry is changing rapidly, and a people-centric approach can help banks stay ahead of the curve. How can a focus on human-centricity and skills-led transformation drive growth and innovation in the banking industry? What are the benefits of a culture that supports continuous learning and evolution? Can this approach ultimately help banks build a future-ready workforce and thrive in a rapidly changing landscape?

Join Lee Hwee Boon, Head of Group Human Resources at OCBC, and Soumee De, Partner, Workforce Advisory, Financial Services Consulting, Ernst & Young Advisory Pte Ltd., with Andrew Gilder, EY Asia-Pacific Banking and Capital Markets Sector Leader as they share their experiences and insights on how to reimagine banking leadership, the people and the culture required to future-proof talent and support transformation efforts. The speakers also debate the approaches to creating and maintaining a culture of diversity, equity and inclusiveness as well as tips on how to measure the progress and success of talent transformation.

Download the "The Future of Transformation" report by EY and the University of Oxford: https://www.ey.com/en_sg/consulting/how-transformations-with-humans-at-the-center-can-double-your-success

If you would like a conversation on how EY teams can help your bank to design and implement new efficient models to support organization and workforce transformation, please contact Andrew Gilder, EY Asia-Pacific Banking and Capital Markets Sector Leader via LinkedIn or visit www.ey.com/banking.

From geopolitical tensions to macroeconomic uncertainty, the banking industry is facing numerous challenges in the fast-changing external environment.
 
With the increased volatility and interconnected risks brought on by recent events and macroeconomic uncertainty, Chief Risk Officers are facing one of the most difficult jobs in the banking C-suite. The role of CROs is more important than ever before as they respond to complex and overlapping risks in the banking industry.
 
Hear from Ryan Zanin, Chief Risk Officer at Westpac and Doug Nixon, EY Oceania Banking and Capital Markets Leader, with Clare Sporle, Partner, Financial Services, Ernst & Young as they seek to prioritize the biggest risks facing the Asia-Pacific banking industry today as well as how banks can continue to build and maintain trust with their customers and stakeholders in the face of emerging risks and uncertainties. In this episode, they also deep-dive into the use of digitalization and technology for risk management, in addition to the importance of viewing talent as critical to future success in this function. 
 
Download a copy of the 12th annual EY/IIF global bank risk management survey report: https://www.ey.com/en_gl/forms/2022/bank-risk-survey.
 
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 Leader via LinkedIn or visit www.ey.com/banking.

Sustainability is now higher up on the list of every bank's strategic priorities investors. Regulators and stakeholders across society are increasingly demanding greater transparency from financial institutions to enable sustainable finance in order to create long-term value.
In part two of this mini-series on sustainability, Eric Lim, Chief Sustainability Officer at United Overseas Bank (UOB), Wolfram Hedrich, Partner, Financial Services Consulting, Ernst & Young Advisory Pte. Ltd., and EY Asia-Pacific Sustainability Leader, with Clare Sporle, Partner, Financial Services, Ernst & Young, go deeper into their conversation on the role that data is playing in achieving a bank's sustainability goals, as well as the importance of building trust and avoiding issues such as greenwashing.
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 Leader via LinkedIn or visit https://www.ey.com/banking.

In response to the need of moving towards sustainable banking, global banks have committed to bringing down emissions to net-zero by 2050.

If we are to truly transform the global economy, we need a sea change in capital flows, and in the financial industry that guides them. Financial services organizations (FSOs) are central to this process. Many are setting increasingly ambitious targets to eliminate their own emissions, achieve net zero “financed emissions,” support the transition of existing clients and fund new climate solutions.
How can financial institutions in Asia-Pacific set the right leadership vision as well as navigate the complexities of sustainability governance?

Join Eric Lim, Chief Sustainability Officer at United Overseas Bank (UOB) and Wolfram Hedrich, EY Financial Services Risk Management Partner and EY Asia-Pacific Sustainability Leader, with Clare Sporle, EY Financial Services Partner, who is based in Sydney, Australia. In part one of this episode, they explore why bank leaders need to be better at articulating their sustainability vision and what to consider as you establish your governance structures and execute to achieve that vision.

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 Leader via LinkedIn or visit www.ey.com/banking.