The Afternoon Update with Lynlee Foo

A series of agreements were negotiated between US President Joe Biden and his Chinese counterpart, President Xi Jinping, to stabilize their relationship, which has been marked by economic rivalry and challenges in the diplomatic and military spheres. However, traders saw only modest progress in the strained ties. On Money in the Market, Hongbin Jeong speaks to John Cheng, Asia Stocks Reporter at Bloomberg, to find out how markets reacted to this much-anticipated meeting between the two leaders.

National climate action plans remain insufficient to limit global temperature rise to 1.5 degrees Celsius and meet the goals of the Paris Agreement. That's according to the latest report from the UN. Even with increased efforts by some countries, the report shows much more action is needed now to bend the world’s emissions trajectory further downward and avoid the worst impacts of climate change. Timely that in the same week - KPMG released its 2023 Net Zero Readiness Report. The report highlighted that Governments and industry must deliver transformative change on net zero but are currently hamstrung by significant barriers, including global public debt, domestic tensions, increased opposition to decarbonization plans, and the need to guarantee energy supply. Rachel Kelly speaks with Sharad Somani, Head of Infrastructure for KPMG Asia Pacific and Head of KPMG ESG at KPMG in Singapore.

Broadridge, one of the global fintech leaders, recently launched BondGPT which helps users simplify workflow and boost efficiency in the portfolio construction processes. What are the functionalities and goals of BondGPT? Is generative AI reshaping the finance industry? On Money in the Market, Hongbin Jeong speaks to Joseph Lo, Head of Enterprise Platforms at Broadridge, about BondGPT and how generative AI helps improve financial trading. 

The rise of AI in the payment industry offers various advantages in the payment industry. How has AI contributed to the payment industry's development? But other than artificial intelligence, what other trends are there in the payment industry? On What's Trending, Hongbin Jeong speaks to Judith Loh, Head of Strategic Sales at Worldpay, about the transformative trends in the payment industry.

On Market View, Hongbin Jeong and Ryan Huang provide an afternoon roundup on the key highlights of Singapore FinTech Festival Day 2 and what are some of today's top finance news to look out for.

AI has made its way into the blockchain industry wherein businesses are integrating it into its operations. How does AI fit into the world of cryptocurrency? Can we expect more adoption of AI into the crypto world? On Money in the Market, Hongbin Jeong speaks to Carney Mak, Head of Investment - FinTech at FXHB Asset Management, to find out more

Generative AI is slowly being integrated into corporate and investment banks. But while there are opportunities and benefits, AI also comes with new risks. So what are the potential consequences of integrating AI in this area? How will banks mitigate its risks? On What's Trending, Hongbin Jeong speaks to Thomas Dohmke, CEO of GitHub, to find out more on the impact of generative AI in the banking and finance industry.

Philippines' startup ecosystem is continuing to grow and evolve. And telecommunications company Globe Group is poised to become the hub of technology startups in the country. So how is Globe aiming to achieve this milestone? How is it shifting from a telco to a techco? On The Afternoon Update, Hongbin Jeong speaks to Ernest Cu, President and CEO of Globe, as he discusses the company's innovative plans and approaches that could influence Globe Group's future developments. Highlights:  01:35 - What have been some of the notable milestones in Globe's transition to a techco? 02:56 - How is Globe Group leveraging its existing assets and partnerships to drive the transition? 06:00 - What distinguishes Globe Group from other companies also transitioning from telco to techco? 06:47 - What were some of the challenges in the transition? 08:30 - What are some upcoming initiatives or strategies that investors should be excited about?

On Market View, Hongbin Jeong and Ryan Huang provide a breakdown of the events that happened during this year's Singapore FinTech Festival 2023 Day 1, what we can expect for the following days, as well as top financial headlines that you might want to consider. 

AI has been increasingly integrated in multiple sectors, including the FinTech industry. As it rapidly expands, is there any need for it to be integrated into your investment portfolio? Does it play a key role in your wealth management plans? On Money in the Market, Hongbin Jeong speaks to Samuel Rhee, Co-founder and Chairman of Endowus, to find out more on the implications of AI in future investments and in wealth management.