The bank failures of 2023 have served as a wake-up call for financial service firms globally. The outcome is that now more than ever, banks, asset and wealth managers and fintechs must pay closer attention to managing risk and strengthening resilience to face emerging challenges, and plan for growth.

In Asia, though institutions are well positioned for the future thanks to record profits in recent months, complacency is not an option. The region’s financial sector is not immune from the global volatility facing the industry. Decisions taken now will define their future competitiveness and their ability to adapt and respond quickly to fast-changing and uncertain market conditions.

What steps must financial institutions take to achieve these objectives?  What level of investment is required and what are the measures of success?  What role must technology play in building risk and resilience, particularly in the areas of advanced analytics, AI and machine learning?  Is migration to the cloud the answer, and is the industry ready? Are institutions at risk of being left behind in this intensely competitive landscape, if they do not step up their risk and resilience journey now?  Is now the time to find opportunity in disruption?

The Financial Times in partnership with Amazon Web Services explored how Asia’s financial services organisations can get through this period of global industry turmoil by prioritising effective risk management and operational resilience to build for a successful future. 

Understand

The existing and emerging risks facing the finance industry in today's rapidly evolving landscape

Explore

Ways to adapt and respond quickly to fast-changing and uncertain market conditions

Discover

Opportunities to use the cloud to drive innovation to build and streamline customer experiences and services

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