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)
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.
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.
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