SINGAPORE Both regulators and industry officials lack the right analytical and data skills to cope with the wave of disruption washing over the financial industry, according to the technology officers at leading financial companies who attended the Nikkei Asia300 Summit.
Jonathan Larsen, chief innovation officer of Ping An Insurance (Group) Company of China, said there are "definitely no" people with up-to-date skills among the regulators, which is slowing down the pace of change for traditional institutions.
