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5SINGAPOREBANKING&FINANCIALSERVICESDIRECTORY2025/2026Singaporesfinancialsectorhaslongcapitalisedonthenationspro-businessenvironmenttechnologicalprowessandhighlyskilledworkforcetofostermarkettransparencyfacilitatetradeanddrivegrowthButinaneraofrapidtechnologicaladvancementandevolvingcustomerexpectationsonequestionhasarisenHowcanSingaporesfinancialinstitutionscontinuetoinnovateandmaintaintheircompetitiveedgeTheDawnofIndustry50ANewParadigmforFinanceEvenasmanyorganisationsacrossvarioussectorsincludingfinancegrapplewiththecomplexitiesofdigitaltransformationandtheadoptionofIndustry40technologiesanewwaveofinnovationisonthehorizonWhileartificialintelligence(AI)automationbigdataanalyticstheInternetofThings(IoT)machinelearningandroboticscontinuetoreshapebusinessoperationsIndustry50presentsaparadigmshiftThisemergingconceptchampionedbytheEuropeanCommission(EC)redefinesthepurposeofindustryshiftingthefocusfrompurelyeconomicvaluecreationtoabroaderemphasisonsocietalvalueIndustry50restsonthreefundamentalpillars–human-centricityresilienceandsustainability•Human-centricityThisprincipleplaceshumanneedsandwell-beingatthecentreofindustrialoperationsItprioritisesgenuinevaluecreationforindividualsmovingbeyondatransactionalviewofcustomersasmereconsumers•ResilienceIndustry50championsagilityandadaptabilityinthefaceofdisruptionOrganisationsareencouragedtobuildrobustsystemsthatcanwithstandcrisesensuringstabilityandcontinuitybeyondasingularfocusonprofitmaximisation•SustainabilityThispillarunderscorestheimportanceofenvironmentalsocialandgovernance(ESG)considerationsIndustry50advocatesforresponsiblepracticesthatgeneratepositivesocietalimpactandcontributetoasustainablefuture5
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