A PUBLICATION OF

IDEAS FOR LEADERS | FIRST QUARTER 2017

PP 17327/05/2013(032407)

From e-wallets to insurance, wealth management to peer-to-peer lending, robotics and the Internet of things, technology firms’ shake-up

of financial institutions is an exciting interplay between geeks in sneakers and Wall Street suits.

FINTECH: FINANCE’S NEW FRONTIER

EXCLUSIVE INTERVIEWWITH GOVERNOR

MUHAMMAD BIN IBRAHIM,BANK NEGARA MALAYSIA

LAYING THE FOUNDATIONS OF TRUST

The views expressed in this magazine are not necessarily those of AICB or its Council. Contributions including letters to the Editor and comments on articles appearing in the magazine are welcome and should be sent to the Editor. All materials without prejudice appearing in Banking Insight are copyright and cannot be reproduced in whole or in part without written permission from AICB. Note: All information provided in this publication is correct at the time of printing.

ProsPects

06 Insights14 Fintech in Islamic Finance:

the Journey begins Fintech (financial technology)

developments in the Islamic finance space are still very nascent, but key Islamic finance markets like Malaysia, UAE and Bahrain are seeking to support and grow Shariah-compliant fintech.

20 catching the Fintech Wave24 banking 2017: tough road

ahead28 are banking Jobs at risk? Tumultuous change is reshaping

the landscape of banking jobs.Governance

34 determining Your ethical stance

38 banking on confidence42 Optimising the three lines of

defence The Three Lines of Defence

model is still valid today, but banking organisations must pay attention to implementing a robust Risk Culture – which is founded on ethics and integrity - to ensure the effectiveness of the three-legged model.

thouGht LeadershiP

50 lifting all boats With increasing competition

among International Financial Institutions (IFIs), is there a place for the World Bank?

56 Making Wise decisionstechnicaL

64 avoiding a bumpy ride along the road to data-driven decision-Making

Organisations that want to become truly data-driven must be open to different answers derived from the generation, collection and analysis of data. It’s all about the data.

First Quarter 2017Contents page

cover story

Fintech: Finance’s new FrontierFrom e-wallets to insurance, wealth management to peer-to-peer lending, robotics and the Internet of things, technology firms’ shake-up of financial institutions is an exciting interplay between geeks in sneakers and Wall Street suits. pg.08

ProsPects

BankinG’s

y-Factor

pg.30

thouGht LeadershiP

LayinG the Foundations oF trust

In an exclusive written interview, Governor Muhammad

bin Ibrahim of Bank Negara Malaysia offers

his personal take on the importance of

the Chartered Banker qualification to the future

development of the banking sector in Malaysia. pg.46

manaGement

Lean throuGh LayoFFs

pg.60

technicaL

iFrs 9 – too much, too

soon or timeLy and

resPonsive?pg.68

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