|Esteemed APABI Members,
How many times in a week do you receive solicitations on different media for scams of various types? For most APABI countries, I would imagine that the answer is quite frequently. The scam report below provides more detailed information about how your country fits into the global picture. This problem shows no signs of going away, and will require continued efforts to resolve.
In the ever-evolving landscape of AI in wealth management, it is imperative for our industry to transcend misconceptions and fully grasp the transformative potential that artificial intelligence holds. AI shines in navigating ambiguous scenarios and providing nuanced insights that resonate with human understanding. An exemplary manifestation of this lies in the realm of ESG investing, where the intricate process not only involves selecting investments based on a multitude of information sources but also extends to offering guidance to smaller business clients—an arena where models like ChatGPT truly excel. Only by harnessing the unparalleled competitive advantages of emerging technologies can we seamlessly integrate these innovations into our processes, unlocking unprecedented value.
In a riveting development for the APABI Secretariat, our operations are poised for transformation. Following a proposal put forth during our July meeting, five distinguished member organizations have enthusiastically committed to shaping our newly formed Newsletter Committee. Brace yourselves for an invigorated newsletter format tailored to meet your evolving expectations. Even as the committee takes form, feedback and insights from non-members, which we hold in high regard, remain pivotal. Please don't hesitate to reach out to the Secretariat with your innovative ideas and suggestions.
As the holiday season unfolds for countries which celebrate the Western calendar, I extend my warmest wishes to each of you. May your celebrations be filled with joy, and as we usher in the New Year, may it be a time of unparalleled success, growth, and continued collaboration within our esteemed APABI community.
Dr. Hank C.C. Huang
President, Taiwan Academy of Banking and Finance (TABF)