EY

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See below for the Latest EY News, Analysis, Profit Results, Share Price Information, and Commentary.

Financial crimes to continue to squeeze bank profits

Financial crimes to continue to squeeze bank profits

More sophisticated crooks and stricter rules are expected to increase compliance costs.

Future-proofing employees is important to support the organisation’s growth - EY’s Jason Seng

He highlights how HR leaders can drive engagement, foster innovation, and future-proof their workforce in a rapidly changing business environment.

Southeast Asia’s insurtech sector hits $2.4b in 2023

It was mainly driven by Singlife’s merger with Aviva Singapore.

EY’s Andrew Tan emphasises customer needs, technology application key to success

He highlights leveraging technology for efficiency, personalisation, and creating a seamless user experience.

Innovation will thrive if motivated by real desire to create impact for businesses and society – EY’s Steve Lo

The EY Chief Innovation Officer highlighted that technological solutions must be developed with a holistic eye on the value they bring to companies, individuals, and society at large.

APAC insurance risk officers confront these 3 top concerns head-on

Discover how 2 insurance leaders tackle conduct risk, cybersecurity, and business model evolution.

Conduct risk puts 54% of insurance CROs on high alert

38% of APAC insurers are implementing AI tools, higher than the global average of 22%.

Nazerim Amir of EY explores the vital role of artificial intelligence (AI) and customised  operating models in digital transformation 

The operating models must facilitate quick experimentation, embrace failure, and allow for agile course corrections.

Leaders should model a digital mindset, infuse digital practices, upskill the workforce – EY’s Jason Seng

Empathetic, adaptive, and people-focused leadership is vital for success in today's competitive business landscape, according to Seng.

Why retailers should pick up the pace of AI adoption

Analysts said they will run the risk of lagging in the market and suffering higher costs.

Seven in 10 CEOs say businesses not doing enough to address AI consequences

An EY study showed that more than half of CEOs want to focus on ethical AI.

Easy and challenging steps to make SG brands ‘world-class’ competitive

Marketing experts advise investing in omnichannel strategies and talent to diversify brands in a global space.

EY's Steve Lo delves into tech industry workforce reshuffling, ESG compliance, and emerging technologies

Lo emphasised the need for tech companies to adapt their hiring strategies, prioritise ESG compliance, and leverage emerging technologies effectively to drive growth and revenue.

CEOs in Singapore turn to deals for competitive advantage: report

This includes mergers and acquisitions, divestments, and joint ventures amongst others. 

Is 2023 the year Southeast Asia’s financial services become future-ready?

Southeast Asia’s financial services institutions (FSIs) are bracing themselves for another year of volatile geopolitical and economic conditions, with record-high inflation and rising interest rates. But those willing to push the digital envelope will find new pockets of growth to help them remain resilient and become future-ready. For this to happen, FSIs need their executives to embrace a digital-era transformative mindset – one that builds skills, flexibility and agility, preparing their organizations to pivot at any moment.

Proper roadmap essential in looking at customer experience’s critical elements, says EY partner

Sam Lo identified this key factor as what will help organisations understand what they need to improve on.