Global Scans · Financial Services · Weekly Summary

• [New] The WEF emphasizes the need for evidence-based regulation to foster innovation while managing risks, noting that fintechs' customer-centric models are reshaping financial services globally. Crowdfund Insider
• [New] Collaboration Opportunities: Synergies between financial firms and technology providers like Microsoft are likely to proliferate as more organizations seek to access tailored, secure AI services. Windows Forum
• [New] As we look toward 2040, Singapore's banking sector stands poised to lead the world into a new era of financial services, where quantum computing, artificial intelligence, blockchain technology, and sustainable finance converge to create unprecedented opportunities for prosperity and progress. Maxthon | Privacy Private Browser
• [New] Financial services alone may see an estimated $20 billion annual contribution from quantum computing by 2030, with applications ranging from portfolio optimization to risk modelling and fraud detection. CAQA Resources
• [New] AI could increase the global gross domestic product by up to 14%, adding roughly $15.7 trillion in gains, especially across the retail, financial services, and health care sectors. Investopedia
• [New] Not only a regulatory requirement but also a strategic framework that allows financial institutions, fintechs, and Money Services Businesses to allocate resources effectively, mitigate real threats, and satisfy global regulators like FATF and FINTRAC. Paycompliance
• [New] The trends in AI for financial services in 2025 showcased the transformative potential of AI in driving growth, efficiency, and innovation. Northwest Education
• [New] The significant concentration of cloud service provision among a few dominant global players introduces a novel and important systemic risk factor for the financial sector, one that demands careful management and heightened regulatory attention. Walletinvestor.com
• [New] Mexico faces an escalation of cybercrimes targeting government institutions and key private sector industries, such as financial services, trade, and manufacturing, which will likely worsen over the coming months. Crisis24
• [New] The live testing service will provide intelligence to the FCA on the impact of AI in UK financial markets, supporting its new five-year strategy to promote innovation and maintain the competitiveness of the UK's financial services sector through a tech-positive approach. UKAuthority
• Cloud facility for the financial sector: The Indian Financial Technology and Allied Services will commence Phase II of developing the Indian Financial Sector (IFS) cloud. MediaNama
• The role of artificial intelligence in financial services is growing, and by 2025, it is expected that credit card companies will harness AI to implement dynamic pricing models. UMA Technology
• Financial Services: As a global financial hub, Singapore could benefit from any divergence between London and EU financial regulations by offering complementary services to both markets. Maxthon | Privacy Private Browser
• In 2025, artificial intelligence will drive risk management in the Middle East with a focus on financial services, energy and health care sectors. MIT OpenCourseWare
• More recently, the Australian Prudential Regulatory Authority highlighted specific ethical risks including the potential for algorithms to develop biases that unfairly discriminate against groups of people or exclude them from some financial services entirely. Amdocs
• SAS researchers are focused on key industries that will benefit from the speed and scale of quantum AI, including life sciences for enhanced drug discovery, financial services for better risk management, and manufacturing for improved materials and optimized processes. Sahm
• Financial services are projected to experience the fastest growth in spending over the next five years, with a compound annual growth rate exceeding 15%, driven by spending related to Augmented Fraud Analysis and Investigation use case in the AI domain. Clover Infotech
• Japan: The Financial Services Agency (FSA) plans to reclassify cryptocurrencies as financial products under the Financial Instruments and Exchange Act by 2026, bringing them under stricter regulatory oversight. Blockchain App Factory
• Canadian stocks span a wide range of sectors - such as energy, financial services, natural resources, and technology - and offer opportunities for capital appreciation and dividend income. MarketBeat
• The UK government issued policies like Opportunity Age to offer community care, including housing-related services, financial support and professional care services, with the purpose of promoting greater independence among older people. BioMed Central
• Finance: Singapore will leverage fintech solutions to improve customer service, trade finance efficiency, and reduce compliance costs in the financial sector. sptel
• Partnerships with FinTech companies, e-commerce platforms, or other digital service providers could create new digital marketing opportunities, allowing HDFC Bank to promote its services within other digital ecosystems or offer integrated financial solutions marketed digitally. Top-Rated Digital Marketing Training in Bangalore - Boo
• Sectors like financial services must proactively strengthen cybersecurity frameworks, prioritise advanced detection mechanisms, and cultivate user awareness to counter the increasingly complex cybersecurity threats anticipated in 2025. Jozi Gist

Last updated: 30 June 2025