analytics

Consumer banking trends to watch in 2019, according to this software analytics firm

SINGAPORE (Dec 26): 2019 is set to be a year of significant progress for banks around the world, according to analytics software company FICO, formerly known as the Fair Isaac Corporation.

In a note on Wednesday, FICO’s vice president and general manager for risk, Tim VanTassel, highlights three areas of concern within the consumer banking sector for bank executives to address as the New Year approaches.

Deposit pricing strategy is one currently-neglected tactic which he believes will become prevalent among the world’s top banks, in response to competitive pressures.

Fifth global SAP Leonardo Center launched in Singapore

SINGAPORE (May 8): SAP, the enterprise application software provider, today launched its fifth global SAP Leonardo Center in Singapore to service its customers in the Asia Pacific Japan (APJ) region.

SAP Leonardo is a digital innovation system that brings together Internet of Things (IoT), Machine Learning, Blockchain, Big Data, Analytics and Data Intelligence on the SAP Cloud Platform.

It also offers a live technology-delivery environment to deliver “Intelligent Enterprise” to customers.

Which of the major stock markets are 'cheap' going into 2018?: Schroders

SINGAPORE (Dec 28): Global investors should beware the temptation to simply compare a valuation metric for one region with that of another, according to global investment manager Schroders.

In a Thursday media release, Duncan Lamont, Head of Research and Analytics, discusses the five ways to measure stock market value, namely: forward price-to-equity (P/E), trailing P/E, cyclically adjusted P/E (CAPE), price-to-book (P/B) and dividend yield.

EY posts US$31 bil in FY17 global revenue with highest growth rate from Asia Pacific

SINGAPORE (Sept 5): EY, the multinational professional services firm, posted a 7.8% growth in combined global revenues to US$31.4 billion ($42.6 billion) for the full year ended June from a year ago.

The topline was buoyed by higher revenue contributions across all four of the group’s service lines, namely: Assurance (4%), Advisory (10.4%), Tax (7.9%), and Transaction Advisory Services (15.5%).

In a press release on Tuesday, EY says the latest set of results marks its seventh straight year of strong growth.

Nasdaq seeks fintech firms to partner in Asia expansion of Analytics Hub

SINGAPORE (July 27): Nasdaq Inc. is expanding its Analytics Hub in Asia and is looking for fintech firms in the region, including in Singapore, to partner.

The operator of Nasdaq stock market in the US says it is currently accepting bids for new datatypes within Asian markets from providers who may want to test and sandbox their data for institutional investors, alternative investment managers, fundamental managers and quants.

See: Analytics Hub

Asia Pacific's banks are missing out on this business growth opportunity

SINGAPORE (June 22): Banks across Asia Pacific are missing out on a “significant economic, social and business imperative”: the ability to accurately assess customers’ credit risk, according to Silicon Valley analytics firm FICO.

FICO estimates that there are some 250 million people who are unbanked in India, and more than 500 million in China. Meanwhile, a total of 438 million people do not own a bank account in Southeast Asia, according to a recent estimate by KPMG.

Singapore companies most lacking in enterprise-wide analytics: EY & Forbes Insights

Credit: xendat.com

SINGAPORE (March 16): Over the next two years, more than half of global executives surveyed are planning to invest at least US $10 million ($14.1 million) in data and advanced analytics, according to a jointly developed report between Forbes Insights and EY.

Entitled Data & Advanced Analytics: High Stakes, High Rewards, the report surveyed global executives from companies with at least US$500 million in annual revenues, to deliver a maturity assessment of how proficient organisations are in applying analytics throughout their operations.

CFOs worry about impact of data on accurate reporting

SINGAPORE (Nov 23): Chief financial officers (CFO) are concerned about the increasing speed and volume of data impacting their ability to provide insights quickly with no errors, according to a report by EY Financial Accounting and Advisory Services.

Now 66% of respondents globally say this is an issue having a significant impact on corporate reporting, up from 57% in 2015.

Fullerton Health defers IPO plans for 2016

SINGAPORE (Nov 21): Fullerton Health says it has deferred its plans to launch an initial public offering (IPO) in 2016 due to “current market uncertainty”.

The medical services provider was said to have faced delays to its share sale after regulators received complaints about its business, according to Bloomberg last month.

See: Fullerton Health said to delay IPO after regulatory queries

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