How are financial institutions embracing generative AI? How safe can it be used, and how quickly are banks and asset managers adopting it? And most of all, is genAI being used purely to optimize existing ways of doing business, or does it imply vast changes to how firms and markets operate? David Runacre is president for Asia Pacific at Broadridge, based in Tokyo. He has a long history of working in financial technology, and he shares with DigFin's Jame DiBiasio how he's using large-language models in his business and how he is advising Broadridge clients around the region. Timecodes: 0:00 - David Runacres, Broadridge 1:02 - Introduction to the discussion 1:58 - Thinking of AI as an internal tool and as a disruptive force 3:40 - The implications of genAI queries compared to Google search 7:19 - Making institutions and their people fit for purpose 9:51 - How David is leading Broadridge's adoption of AI tools and which areas of the business are most impacted 16:43 - How safely is agentic AI? 18:58 - From top-down IT projects to bottom-up innovation within firms 20:58 - The view from Tokyo and digital transformation in Japan

Jeeta Bandopadhyay, co-founder and COO of Singapore-based regtech Tookitaki, has helped drive the company’s adoption of artificial intelligence over the past decade. She speaks with DigFin‘s Jame DiBiasio about her journey as a founder, onboarding the first bank customers, and evolutions in AI that impact how banks and fintechs can spot frauds and handle AML compliance more easily. Jeeta also talks about the strategy behind partnerships with investors such as payments company Thunes and VC True Global Ventures. Timecodes: 0:00 – Jeeta Bandopadhyay, Tookitaki 0:40 – Founding the company and moving to Singapore 3:05 – Learning AI as a non-technical founder 6:06 – How Tookitaki won its first bank clients 9:10 – Treating shared data and working off the cloud 12:41 – AI evolves from optimization to transformation as it intersects with more points of decentralization (and what that means) 15:16 – How clients are able to share and learn from compliance experiences 16:24 – Adding Tookitaki analysis to DLT systems? 17:34 – Selling a majority stake to payment company Tunes 19:03 – Banks versus fintechs as customers 20:15 – New use cases for compliance teams using LLMs 23:24 – More expansion and R&D with True Global Ventures investment 25:56 – Commercial goals for 2025 and end goals for the business

Chris Perry is president of Broadridge Financial Solutions, a $28 billion market-cap fintech. He says AI, particularly agentic AI, is beginning to transform capital markets and financial services. He and Jame DiBiasio put this in perspective of historical uses of data, analytics and trading tech in finance. Acknowledging current geopolitical tensions, particularly between the US and China, Chris notes that technology such as AI and the use of APIs continues to deepen connectivity among markets and firms worldwide. Timecodes: 0:00 – Chris Perry, Broadridge 2:57 – Broadridge in Asia and new tech trends (hint: AI) 7:17 – Impact of agentic AI on financial markets 13:07 – Managing risks and engendering trust 17:27 – As LLMs become commoditized, how will that impact competition among financial firms? 20:32 – Next-gen tech in a politically fragmenting world 24:59 – Opportunities to unify platforms and drive innovation 29:34 – Legacy IT architecture in the new world of AI and APIs 34:50 – Broadridge’s ambitions in Asia-Pacific this year

Alex Ypsilanti is CEO of Quantifeed, a Hong Kong-based wealthtech company that helps financial institutions with digitalized wealth solutions, for private and retail banks’ relationship managers, for asset managers (the manufacturers of fund products), and for financial advisors serving high-net-worth clients. He spoke with DigFin‘s Jame DiBiasio about trends in B2B wealthtech and how Quantifeed navigates relationships with its clients; the ongoing drive for growth; issues around data and insight; and how he sees the interplay with specialist B2C wealthtech companies. Ypsilanti provides a window into how fintech is growing in Asia and in Europe, with Asia’s major financial centers growing into enormous wealth booking centers, and Europe continuing to lead in sophistication. TImecodes: 0:00 – Alex Ypsilanti 1:31 The Quantifeed story 3:25 – B2B versus B2C wealthtech and building tools for RMs 5:19 – Balancing a SaaS business model with client customization 7:34 – Managing relationships with large financial institutions 9:10 – Profitability and finding new growth drivers 12:24 – RMs and banks’ internal AI and data capabilities 16:00 – LLMs: roles, responsibilities, and areas of maximum impact 19:26 – Quantifeed’s consumer-direct business versus B2C fintechs 21:45 – Working with bank-owned clients and data 23:07 – Alternative investments and digital assets 24:40 – The future for the Quantifeed business and 2025 challenges

Amanda Cassatt and Caroline York of Serotonin.io speak with DigFin‘s Jame DiBiasio about their digital-marketing venture catering to both startups and financial institutions involved in emergent technologies. Crypto relies on narrative more than a traditional financial product. Amanda and Caroline discuss the ways that conventional banks and institutions are adopting new ways to reach consumers, particularly younger, mobile-savvy people. Amanda lays out the big trends, including AI agents and other disruptive tools, while Caroline describes the evolving nature of fintech in Asia. Timecodes: 0:00 – Amanda Cassatt and Caroline York, Serotonin 3:05 – About Serotonin 4:07 – Disruptive technologies 6:00 – Where crypto and tradfi meet 9:11 – How tradfi grapples with memes and narratives 12:30 – Dealing with conservative banks in Asia 15:10 – Crypto’s speculative markets versus becoming infrastructure 17:00 – How are traditional institutions adapting Web3 processes 19:49 – Introducing AI agents and who will use them first 22:52 – AI’s implication for marketers – and other services providers 26:06 – Asia’s role in crypto with the US now supporting the industry

Evan Thorpe is principal for Asia Pacific at Six-Thirty Ventures, a venture capital firm that backs fintech companies as they support the needs of financial services institutions. Thorpe spoke with DigFin‘s Jame DiBiasio about the changing landscape for VC and what that means for startups. He described Six-Thirty’s approach of helping integrate fintech into banks’ and insurers’ processes. He also discussed his take on investing in China, in artificial intelligence, and how these themes play out in the fintech space to tackle the biggest problems among large institutions. Timecodes: 0:00 – Evan Thorpe, Six-Thirty Ventures 2:11 – Changes int the VC industry 5:14 – And its impact on startups in fintech 7:20 – How Six-Thirty works with LPs and FIs to create impact 14:17 – Aligning interests among FIs, startups and VCs 18:34 – How startups use funding from Six-Thirty 20:13 – Evan’s investment theses for fintech in Asia 27:04 – Is China investible? 29:43 – Investing in AI and its impact on fintech 33:42 – The big problems FIs face that fintech can help solve

Chandrima Das is a wealthtech entrepreneur in Singapore. Her career spans the evolution of robo-advisory and digital wealth. She founded an early robo called Bento, which she sold to Grab, and for a time ran Grab’s investment functions. Today she’s back with a new startup, Teleskop, that aims to take wealthtech to a broader audience, with a B2C and B2B mixed model as well as new ambitions around identity, open data, and offline services. Das speaks with DigFin‘s Jame DiBiasio about the history of wealthtech in Asia and her experience riding the evolution of the industry. Timecodes: 0:00 – Chandrima Das, Teleskop 2:39 – Her experience in asset and wealth management 4:07 – Bringing institutional-style portfolio construction to retail investors 6:02 – B2C versus B2B among Singapore wealthtech companies 8:35 – Her experience selling Bento to Grab 13:29 – Profitability versus building for growth 16:01 – Fund raising as a second-time founder and Teleskop’s value proposition 19:09 – Open banking in wealthtech and aggregating information 23:06 – Challenges of creating a holistic view for investors 25:01 – Why should people share their information with us, and how to keep data secure 29:02 – Marketing a complex product direct to individual investors 33:48 – The B2B side to the story 35:06 – The future of wealthtech

Yam-ki Chan runs the Asia Pacific business at Circle, the stablecoin operator. He speaks with DigFin‘s Jame DiBiasio about the ongoing questions about licensing and regulation, notably in Singapore as well as in other jurisdictions. The collapse of Silicon Valley Bank in 2023 put a spotlight on how stablecoins manage their reserves, and Chan talks about risk management and how central banks are approaching this issue. Finally he speaks about the future business model of stablecoin operators, as they confront new competitors, and the impact that stablecoins are having on both the US dollar as well as disruptive cryptocurrencies such as bitcoin. Timecodes: 0:00 – Yam-ki Chan, Circle 1:28 – Licensing stablecoin operators, Singapore’s catalytic role, and how regulators want to support better ways to move money across borders 7:18 – Issuing local currencies versus USD-backed stablecoins 9:38 – The risks of regulation fragmenting the Circle global model 11:12 – Custodians and issues around holding reserve assets 13:30 – Impact of Silicon Valley Bank’s collapse on stablecoin regulation 15:56 – Commercial banking relationships 16:48 – Should stablecoin operators be regulated just like banks? 21:30 – The viability of the pure stablecoin-operating business model 26:04 – Versus rivals with merchant networks 28:56 – Stablecoins, bitcoin, and the dollar

Chetan Karkhanis heads up venture investments in Asia Pacific at Franklin Templeton. He is in charge of making corporate ventures into promising fintech and wealthtech companies that can add value to Franklin Templeton’s asset-management business, from data analytics to AI to blockchain. Chetan speaks with DigFin‘s Jame DiBiasio about how he sees fintech continuing to offer opportunities to asset managers, as well as areas where it poses a disruptive challenge. He talks about lessons learned from investments into startups, including when they don’t work out. And he provides a window onto how AI and blockchain might shape the industry, from operations and IT to distribution and even to how investment teams create their portfolios. Timecodes: 0:00 – Chetan Karkhanis, Franklin Templeton 01:48 – How fintech is shaping the asset-management industry, and lessons from the firm’s various investments into Asia wealthtech companies in “web2” 7:19 – How Franklin Templeton decides when and how to integrate a technology or a startup into the firm 8:31 – Are fintechs disrupting asset managers, or is fintech just a new set of service providers? 11:12 – What happens when a fintech investment fails, and what does that tell us about what works and doesn’t in Asia wealthtech 13:54 – Crypto, tokenization, DLT, Bitcoin ETFs, and how they fit into legacy businesses 18:08 – Looking ahead, how might blockchain transform asset management 20:43 – Prospects in Asia for separately managed accounts 24:06 – How Chetan thinks about tokenization in the payments space from an asset manager’s perspective 26:26 – Tech’s impact on the front office and how investment teams are using data and AI 30:48 – RoIs or other ways to measure a technology’s relevance 32:04 – The obligatory question about generative AI

Since ChatGPT 3.0 debuted in early 2023, generative artificial intelligence has been making waves in all industries, including financial services. But its impact isn’t just being felt in financial institutions like banks. It’s also shaking up the world of fintechs. Shameek Kundu discusses the implications of these changes with DigFin‘s Jame DiBiasio. Kundu served as Standard Chartered Bank’s group chief data officer before jumping into the world of AI startups, where he helped promote tools to assist in FIs’ understanding of machine learning. With experience in both the institutional and the startup side, Kundu brings his knowledge of data, AI, and how organizations work to discuss how genAI is impacting finance. Timecodes: 0:00 – Shameek Kundu 02:08 – From working in global banks to joining a startup 05:06 – Lessons for TradFi folks interested in startup life 07:02 – TruEra and making AI safe for enterprises and machine-learning more reliable 10:42 – How sophisticated a bank needs to be in order to be successful at using AI to derive useful insights 13:30 – Is AI only for the biggest, best resourced banks? 15:53 – Understanding “explainability” in AI before the advent of genAI 20:45 – Examples of genAI’s impact on both tech startups and on banks using AI tools 28:24 – GenAI’s impact on the business models of B2B fintechs and the speed with which bank execs are embracing it 30:08 – TruEra’s sale and what’s next for Shameek