KUALA LUMPUR, June 11 — Asean’s banking landscape will be shaped by increasing digitalisation, growing wealth in the region, evolving talent requirements and higher regulations around capital and liquidity, according to speakers at a webinar organised by Maybank Kim Eng.
“To win, they will need to adopt technology and new work models, and become closer to customers. But the path to growth needs to be tread carefully as tail risks from the pandemic remain,” he said in a statement that contained excerpts from various speakers’ presentations. “A survey by our research team shows that the critical factors that could drive medium-term profitability is rising non-interest income contribution particularly from wealth management as the region grows in affluence,” he noted.
“They have also experienced strong growth and profitability because of our strong economic expansion in the region. With increased wealth, there is a growing demand for financial services, so that’s very positive,” she added.
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