CYRUS DARUWALA (@cdaruwala) header
CYRUS DARUWALA (@cdaruwala) profile picture

I know a thing or two about banking, technology & FinTech and a tad bit more about people.

SINGAPORE
Joined August 2012
Photo by CYRUS DARUWALA (@cdaruwala)Photo by CYRUS DARUWALA (@cdaruwala)Photo by CYRUS DARUWALA (@cdaruwala)Photo by CYRUS DARUWALA (@cdaruwala)Photo by CYRUS DARUWALA (@cdaruwala)Photo by CYRUS DARUWALA (@cdaruwala)Photo by CYRUS DARUWALA (@cdaruwala)Photo by CYRUS DARUWALA (@cdaruwala)Photo by CYRUS DARUWALA (@cdaruwala)
#India, poised to be the 3rd largest economy in the world by 2028; A staggering 170 million people inching towards the #massaffulent category; 65 million registered SME’; and best off all a Huge upside potential for #banks and #nbfcs. Lending-leaders #Lentra and #CNBCTV18Market
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A Sincere Apology for the dozens of #fintechs, #bankers and colleagues who I could not say Hi to at the Singapore FinTech Festival #sff2023 🙏🏻 – at Central Region, Singapore
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#Womenintech  We in #IDC have been fortunate to witness the rise and prominence of #Fintech and #Insurtech giants, and partner with them.  Anshu Sharma of #standardcharterd chartered is one of those understated superstars of tech. As the #CIO for Consumer Banking & Wealth #Dubai – at Central Region, Singapore
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“Banks Have a Lot of Money” You know how we used to laugh at that statement?! Well, turned out to be true for #singaporebanks. The deposits in DBS Bank , OCBC and UOB outstrip our lending books. This surplus of cash-in-bank could potentially hurt us. On…lnkd.in/gj6dDmsD
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Loyalty is NOT a two-way street! I’m sorry, but loyalty has been reduced to the age ol “No money - No Love” in todays corporate world. Credit Suisse made some risky bets, my friend, a Loyal employee paid the price with his job! Goldman Sachs just let g…lnkd.in/d_8UiuA6
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What an #insuretech week! @sopnendu of Monetary Authority of Singapore (MAS) concurred that “a lot was promised by Insuretech) and not delivered”; Michael Rolfe and Rahul Phondke of Swiss Re concurred that only a few like Zensung Singapore Pte. Ltd. are…lnkd.in/gsckEmyY
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#insuretech is boring! People even said that the insurance industry is at least 10 years behind banking. Here are some facts that will change your perception: FWD Insurance is one of the fastest growing digital insurances in Asia – with Sandeep Pandey b…lnkd.in/gbEsMRVb
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Whilst #financialservices in the rest of the world looks like it will slow down a tad, the #middleeast is gearing up for an unprecedented growth year! IDC is in the thick of that action with IDC META Events launch of the #financialservicescongress. lnkd.in/gVqajypR
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We, IDC are privileged to deal with hundreds of #bankers and #insurers across the world. A lot of these interactions happen at industry events or conferences. Most of these events are very informative and provide attendees with actionable insights. But u…lnkd.in/gH2CJ3Qv
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With 10+ million families in #agriculture and #rural in #thailand, THB200billion in just mobile transactions, and THB350billion in deposits Bank for Agriculture and Agricultural Cooperatives, is embarking on an even more ambitious plan - and IDC,…lnkd.in/gSxJVBFC
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WHY IS BIG (or Rich) BAD!? Raise your hand, if you Don’t want a better return on your bank deposits, or want lower dividends on your investments!  No Takers?? So why do we scoff, niggle and criminalizes at the big guys? Alphabet Inc. is too large - it mu…lnkd.in/g4XXbnwX
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Credit Suisse merged with UBS - but it’s business as usual for 3 years; Deutsche Bank and Standard Chartered Bank believe that their mastery of #data is their key differentiatior; Citi has huge investments in #corporatebanking. Singlife, Chubb, GREAT E…lnkd.in/gpfBm6tc
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#Thailand is now leading in many sectors such as agriculture, manufacturing, medi-tourism and #payments. It’s banks have built digital capabilities & ecosystems that can rival Singapore & Australia! Future of Thailand FSI - TCC T…lnkd.in/g-dEskG8 lnkd.in/gk8bdTdy
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"All the newer vendors talk the big talk of cloud and transformation but nobody seems to understand and address the entirety of our #solutions , #workflows , #businesslogic, #security, #compliance and long term #costofownership concerns. For this reason…lnkd.in/gjGVYuQU
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Is it greed? Was it bad management? Will more buyouts / mergers / bailout happen? Yes, Yes and Yes! Credit Suisse being bought by UBS was not the interview focus - the focus was what’s next, or who’s next! My take on the situation. lnkd.in/gnFXpheZ
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As profits from net-interest- margins become non-differentiators, #banks across Asia Pacific will make a nett profit of a US$150Billion just from their #payments portfolio! #technology leaders such as Worldline, Worldline Financial Services, IBM, Red H…lnkd.in/g_JJ2x3q
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Little Wallet™ with Rahul Sharma and @PhoebeTran1000 - strikes a cord with #banks and #payment processors Worldwide! What a nice #valentinesday gift ! lnkd.in/gfqGqcrN
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May the (Data) force be with you! Almost 400 people from OCBC Bank, GREAT EASTERN and Bank of Singapore, Asia's Global Private Bank attended the #dataday, and whilst the world is still advocating optimal #datamonetization - OCBC Group has gone and done i…lnkd.in/guzvSCsD