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At the 5th Annual Sim Kee Boon Institute for Financial Economics Conference 2015 held by SMU on May 6, industry players said that Singapore is well-positioned to tap the massive prospects of financial technology (FinTech). DBS Bank and Standard Chartered Group, among other industry players, also said during the conference that opportunities in digital banking will continue to be driven by the increase in mobile usage, the rise of the sharing economy, and the expansion of big data.

In his welcome address at the "Digital Banking, Financial Inclusion and Impact Investing" conference organised by the SMU Sim Kee Boon Institute for Financial Economics and China Europe International Business School, SMU Provost Professor Rajendra K. Srivastava said that investors and financial institutions seeking for profit opportunities and higher returns on equity – in a low growth environment, flushed with liquidity – will do well to take advantage of the digital revolution. CEO of DBS Group Mr Piyush Gupta spoke on “Digital Banking in Asia”; while a panel discussion in the morning, which involved Professor Gerard Geroge, Dean of the SMU Lee Kong Chian School of Business, discussed the opportunities in Asia for digital banking.

At the 5th Annual Sim Kee Boon Institute for Financial Economics Conference 2015 held by SMU on May 6, DBS Bank chief executive officer Piyush Gupta said that Asian banks, which have been left largely unscarred by the global financial crisis, are innovating and rolling with regulatory changes more quickly, even as they deal with competition from non-traditional lenders and a younger clientele who demand for digital services. Citing the various profound changes that are washing over the banking industry, such as the rise of digital banking, shifts in consumption patterns and the issue of data privacy, Mr Gupta said: “I believe quite strongly that we are at the cusp of momentous change in our industry. In the next five years, our industry is going to go through cataclysmic disruption, and within the next decade, I strongly believe there will be banks that will make the transition, and banks that will die.”

At the conference co-organised by the Sim Kee Boon Institute for Financial Economics (SKBI) at SMU and China Europe International Business School, SMU President Professor Arnoud De Meyer said that the digital economy in China has grown tremendously over the years. Companies like Alibaba started from non-finance related industries such as e-commerce, to encompass many aspects of digital finance including mobile payments, peer-to-peer lending, crowdfunding, investments and fund management. Alibaba grew their small and medium enterprise loans to USD 16 billion in three years. It also raised USD 87 billion to be the largest fund manager in China, capturing 20 per cent of all new renminbi deposits only nine months after its launch. Mr Tian Tao, advisor of Huawei Group, Mr Loh Long Hsiang, Head of CEO Office at Standard Chartered Bank China, and Professor David Lee, Executive/Academic Director of SKBI, also spoke at the conference.

In a commentary, SMU Sim Kee Boon Institute for Financial Economics (SKBI) Director and Professor of Quantitative Finance (Practice) David Lee commented on how Singapore banks have to harness digital technology and practise financial inclusion to grow their business. At a keynote speech at SMU SKBI’s 5th annual conference, CEO and director of the DBS Group Piyush Gupta said: “unless traditional banks adapt, innovate and harness digital technology, they would perish sooner than they could realise any threat”. Prof Lee cited examples of non-bank entities like the Alibaba Group and stated that Singapore banks should study their developments and its implications.

According to the latest Singapore Index of Inflation Expectations released on Monday, July 20 by the SMU Sim Kee Boon Institute for Financial Economics, Singaporeans expected headline inflation to rise to 3.35 per cent in a year's time due to domestic price pressures and a tighter labour market. The poll noted that for those who own their accommodation and use public transport, the one-year-ahead Singapore core inflation rate was moderated down to 3.38 per cent in the recent survey, compared to 3.52 per cent in March 2015. Respondents felt that the five-year-ahead Singapore core inflation rate would be higher at 4.17 per cent, up from 3.94 per cent in the March survey.

5月6日至7日，北京恒昌利通投资管理有限公司（以下简称“恒昌公司”）受邀参加了新加坡管理大学沈基文金融经济研究所（SKBI）第五届年度大会暨《数码金融、普惠金融与社会效应投资》论坛。恒昌公司常务副总裁詹德隆先生代表公司出席，与各领域嘉宾共同探讨中国P2P借贷现状与未来发展。