Executive Education Fellow
Advanced Computing for Executives, NUS
Article Contribution by Ms Claudia Marcusson
What would Sir Stamford Raffles study today?
Singapore is one of the top financial service centres worldwide. Its origins can be traced back to Sir Stamford Raffles who established a trading post of the British East India Company on the island in 1819. Since then, the financial service industry never stood still and had strong competition from other financial centres like Hong Kong, New York and London.
What used to be criteria for success like the strategic geographic location for trading and shipping, was transformed into a more systematic approach to establishing a highly efficient and innovative financial services industry in Singapore. The city became a hub for technology start-ups, corporate innovation centres, accelerators as well as technology focussed asset managers and venture capital funds.
As the financial industry continues to evolve, it is becoming increasingly important for professionals to stay up-to-date on emerging technologies like Artificial Intelligence (A.I.), Robotic Process Automation (RPA), Blockchain, and Digital Assets. These technologies are revolutionizing the way we do business and have the potential to significantly impact the future of the financial sector and its global competitiveness.
Learning about these emerging technologies can not only help to stay competitive in the current career, but it can also open up new opportunities for advancement and growth. A.I., for example, is being used to automate
tasks, improve decision-making, and provide personalized experiences for customers. By understanding how A.I. works and how it can be applied in the financial industry, advantages can be taken of new opportunities as they
RPA is another technology that gained traction in the financial sector. It allows for the automation of repetitive, rule-based tasks, freeing up human workers to focus on more complex and creative tasks. This technology has the potential to significantly improve efficiency and reduce errors, making it an important area to study for anyone who is looking to advance in their career.
Blockchain and digital assets are also transforming the way financial transactions are conducted. Blockchain allows for secure, decentralised record-keeping and has the potential to revolutionise industries beyond just
Digital assets, such as cryptocurrency, are also gaining popularity and are likely to play a significant role in the financial industry of the future.
These technologies are driving innovation and change in the financial sector, and those who understand them will be well-equipped to take advantage of new opportunities as they arise.
At NUS Advanced Computing for Executives (ACE), we have developed a comprehensive curriculum that explains the concepts, use cases and technology behind A.I., RPA, Blockchain and digital assets with a focus on the financial services industry as one of the drivers of Singapore’s economy.
To view course information on FinTech: Concepts, Cases and Technology, click https://ace.nus.edu.sg/fintech-concepts-cases-and-technology-e-learning/