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From right, United Overseas Bank Managing Director and Head of Group Technology and Operations Susan Hwee, Ping An Insurance (Group) Company of China CIO Jonathan Larsen, Dianrong Founder and Co-Chairman Kevin Guo discuss riding the fintech mega-wave in Singapore on Jan. 18. (Photo by Takaki Kashiwabara)
Asia300 Summit 2018

Banks, regulators lack skills to cope with pace of fintech innovation

Financial rules in China becoming more restrictive, Dianrong founder says

KENTARO IWAMOTO and JUSTINA LEE, Nikkei staff writers | China

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 at Thursday's Nikkei Asia300 Summit in Singapore.

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