Money Matters with Hongbin Jeong and Chua Tian Tian

For this session, we’re going to talk about how artificial intelligence is influencing the way investment firms shape their business decisions.  Founded in 1992, our guest Saxo is an international investment firm for investors and traders under the supervision of the Danish FSA, with a reach of over 2,500 professionals around the world including in key financial hubs such as Singapore. Touted as one of the earliest fintech in the world, the firm’s platforms provide users access to global capital markets across asset classes, while its open banking technology powers over 200 financial institutions to enhance their investment experience. With the AI fever pushing US equities to new extremes this year, what will this mean for Saxo in terms of the range of investment options it provides to users, and the companies it brings on board its platform?  For one thing, the firm partnered with Jaaims Technologies in 2020 to facilitate investors to automate the management of their portfolios. But what are the reasons behind the move?  What role will wealth advisors play in the age of Generative AI then? In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Adam Reynolds, APAC CEO, Saxo.

The Singapore Slingers, the only professional basketball club in the city-state, are being thrown into uncertainty. This comes after they announced in a media statement that the ASEAN Basketball League (ABL) - the league in which the Slingers have played in since 2009 - is unlikely to play in the foreseeable future. Why has it come to this, and where to from here? Delvin Goh, a player with the Singapore Slingers, joins us to tell us more. Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Singapore stocks opened slightly weaker today as banks and index counters started the morning mixed. In early trade, the Straits Times Index headed down 0.1 per cent to 3,109.81 points after 62.6 million securities changed hands in the broader market. In terms of companies to watch, Vertex Technology Acquisition Corporation announced today that it will issue 600,000 new shares at S$5 apiece to private investment in public equity (Pipe) investors to raise some S$3 million in gross proceeds.  Elsewhere from OpenAI investors considering suing its board to investors in thematic funds losing over two thirds of their total returns due to poorly timed buying and selling behaviour, more international developments remain in focus. On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked these developments with  James Cheo, Chief Investment Officer, Southeast Asia at HSBC Global Private Banking and Wealth.

The idea of investing in an art form has gained popularity in 2023. It is an attractive alternative asset class which diversifies one's portfolio, helps to mitigate risk, and can align with wealth preservation goals.  But who is investing in art and for what reasons? And how can one incorporate art in their investment strategy?  Nanne Dekking, Founder and CEO, Artory & Elizabeth von Habsburg, Managing Director, Winston Art Group shares their views. 

It is highly likely that artificial intelligence will be regulated and in some ways, it already has. According to a joint paper seen by Reuters, an agreement on how AI should be regulated in the future has been reached by Germany, France and Italy, and this is expected to accelerate negotiations at the European level. But are all these upcoming regulations sufficient to rein in AI?  Paul Tan, Partner and Head of Arbitration for Asia, Gibson Dunn shares his views. 

From what China has gained from its President Xi Jinping meeting up with his US counterpart Joe Biden last week in San Francisco to China set to mimic Singapore housing model.  Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs gives us an analysis of those headlines and more. 

For this session, we talk to a company whose ticker symbol only has one letter.  Bingo if you’ve guessed Visa. On that note, did you know that Visa was actually founded by the Bank of America when it launched its first consumer credit card programme in the US?  Well, a lot has happened since, with the firm expanding internationally in 1974 and the introduction of the debit card in 1975.  Fast forward to the present, Visa is a trusted network and a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across over 200 countries and territories.  Just to give you some numbers, the company issued some 4.2 billion Visa cards as of March 2023, and oversaw 269 billion payments transactions for the 12 months ended June 2023.  The firm is also seeing a number of developments of late, working with Swift to streamline cross border B2B transactions. But what is the rationale behind the move? Meanwhile, the firm also launched its advisory service to help them better tap Generative AI and improve their payment experience. Question is – how far can Generative AI drive Visa’s business in its next bound of growth?  In this Singapore Fintech Festival edition of Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to  Adeline Kim, Country Manager for Singapore & Brunei, Visa.

With 109 caps for Singapore and counting, Safuwan Baharudin is a household name in the local game. But having had to miss out on being a part of the National Team after he was not cleared by the Football Association of Singapore’s (FAS) medical team following successive head injuries - the 32-year old has made a return to the fold with a point to prove. What are his motivations, aims and ambitions? Tune in as he tells us. READ MORE: https://www.straitstimes.com/sport/back-after-more-than-a-year-out-safuwan-baharudin-eager-to-make-up-for-lost-time Got a story to tell? Get in touch with us! edanker@sph.com.sg | raushan@sph.com.sg

Imagine having the taste of success at the tip of your tongue, only to have it slip away with the loss of your partners at the peak of your business. In spite of this, bespoke jewellery atelier, The Better Diamond is now one of Singapore’s leading specialists in lab-grown diamonds, that has seen a remarkable 1,100 percent growth within its first two years of establishment.  Adeline Lin & Marcus Wong, Co-Founders, The Better Diamond shares their experience building the company. 

Singapore stocks started the week on a softer note today, led by declines from banks and other index counters. In early trade, the Straits Times Index headed down 0.4 per cent to 3,112.44 points, after 29.7 million securities changed hands in the broader market. In terms of companies to watch for today, we have Singtel, after its Australian unit Optus’ chief executive, Kelly Bayer Rosmarin, has resigned after the company experienced a network-wide outage on Nov 8.  Elsewhere from sentiment ahead of the latest Fed minutes to OpenAI’s CEO Sam Altman ousted by its board, more international developments remain in focus. On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.