In 2025, as Asia's banking sector grapples with a myriad of disruptions—from cyberattacks to regulatory shifts—leaders must prioritize a proactive approach to resilience.
Graeme Greenaway of Standard Chartered emphasises that resilience is no longer a compliance checkbox but a core component of operational design.
The concept of "Resilience by Design" involves integrating predictive analytics, scenario-based stress testing, and robust response playbooks into the very foundation of banking operations, ensuring institutions can not only react to crises but anticipate and mitigate them.
Central to this transformation is a framework built on data-driven insights and innovative technologies. By utilizing AI for early warning systems and stress testing, banks can preemptively identify anomalies and simulate potential disruptions.
This dynamic approach extends beyond technology, requiring collaboration with third-party vendors to ensure that resilience is a shared responsibility.
As regulatory demands increase, particularly in regions like Hong Kong and Singapore, compliance must evolve from mere adherence to a strategic advantage tied directly to business outcomes.
Finally, the future of banking will hinge on collaboration and a skilled workforce. Greenaway advocates for partnerships with tech innovators to enhance resilience and drive growth.
Moreover, as AI reshapes roles within banks, a culture of continuous learning and reskilling is essential for navigating the complexities of modern finance.
For CISOs and compliance officers in Asia, the message is clear: embedding resilience into the operational fabric is not just a necessity but a competitive advantage in the rapidly evolving landscape of 2025.
Editor's note: Click here read the full interview with Graeme Greenaway, global head, CIB Operations & CTOO International Markets, Standard Chartered.
