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1 in 5 finance leaders of large companies in Singapore unprepared for digital transformation: report

Uma Devi
Uma Devi10/10/2019 05:36 PM GMT+08  • 3 min read
1 in 5 finance leaders of large companies in Singapore unprepared for digital transformation: report
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SINGAPORE (Oct 10): As the fastest-growing and most dynamic region for business anywhere in the world, many Asia Pacific companies are now setting the pace globally in technology-led business transformation.

But while a recent report has revealed that an overwhelming majority, or some 94%, of finance leaders in large companies in Singapore are driving digital transformation initiatives, one in five of these leaders say their teams are unprepared to do so.

This is according to the “Finance Disrupted: The Impact of New Technologies on the Future of Finance” report released on Thursday, which polled 337 chief financial officers (CFOs) and financial leaders from large enterprises in Australia, New Zealand, Hong Kong and Singapore.

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