“Democratisation of wealth, getting data right outweigh crypto uncertainty”

At Heads of Retail Finance Meeting 2021, Ravi Narayanan, Axis Bank; Raymond Sia, Canadia Bank; Winsley Bangit, GCash; Herman Cheng, Hang Seng Bank; Girish Sehgal, ICICI Bank; Supaneewan Chutrakul, Kasikornbank; Kalyani Nair, Maybank; Dang Cong Hoan, Techcombank; Joyce Gonzalez, UnionBank; and Jacquelyn Tan, UOB shared their insights on democratising wealth, new asset classes, and payment transformation in the second year of pandemic. The following key points were discussed: ● Customers shift to digital platforms for daily financial transactions and payments. Cryptocurrencies emerged as investment class and means of payment ● Deeper understanding of cryptocurrencyis needed to assess its return potential, value, and risks. ● Leveraging data analytics, AI and machine learning to provide a more personalised service ● Balance fiduciary duty to customers by differentiating investing from speculating. Full Video: https://www.radio.finance/episodes/democratisation-of-wealth-getting-data-right-outweigh-crypto-uncertainty

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