Digitalisation, also known as the process of using digital technology to provide new opportunities for revenue and growth, continues to remain a top priority for many organisations in 2021.

New research from Experian finds 53% of businesses across the four APAC countries intend to increase fraud management budgets since the Covid-19 pandemic, although most have prioritised digital online identity strategies.

The landscape in China today highlights how the pioneers in retail banking have made a brave attempt in “risk engagement”, creating differentiated portfolios by means of pricing, limit, segment orientation and the like to enhance business efficiency and market competitiveness to balance risk and return.