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Indian-origin lawyer named Singapore’s best


By NewsGram Staff Writer

Singapore: Indian-origin lawyer Davinder Singh has emerged as Singapore’s best dispute lawyer at an awards ceremony to size up the brightest legal talents in the region, a media report said.

The 58-year-old lawyer, who heads Singapore-based law firm Drew & Napier, was honored with the ‘Disputes Star of the Year’ award at the Asialaw Asia-Pacific (APAC) Dispute Resolution Awards on Thursday, The Straits Times reported on Friday. His firm also won the ‘Law Firm of the Year’ award at the ceremony. The firm was also adjudged the best in Singapore for domestic arbitration, the daily said.

Asialaw is a research organisation that has produced 20 annual editions of Asialaw profiles, which provides a guide to leading domestic and regional law firms in the Asia-Pacific region. The awards recognizes 12 practice areas across 14 countries in the Asia-Pacific region. “Each winner demonstrated his strengths in furthering and inspiring the growing field of dispute resolution around the region,” spokesperson for Asialaw Nickie Yeung was quoted as saying.

Singh was among eight lawyers from local and international law firms who were nominated for the award. One of his recent high-profile cases involved Singapore’s Prime Minister Lee Hsien Loong in a defamation suit against blogger Roy Ngerng.

With inputs from IANS

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New Survey States the Urgent Need of Scaling up Digitalisation by the APAC Banks

APAC banks see payments (32 per cent) and personal loans (24 per cent) as areas that present the greatest opportunities for the future of digital banking

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FILE - The Bank of America Building, center, also known as the Superman building, stands among other buildings in downtown Providence, R.I., March 27, 2013. VOA

About 60 percent of Asia Pacific (APAC) banks either have no digital onboarding process for new customers, or only a part of it has gone online, according to a new survey on Thursday.

The region’s changing regulations (28 per cent) and the need to create digital know-your-customer (KYC) and anti-money laundering (AML) (21 per cent) solutions were cited as the two key challenges for APAC banks looking to acquire new customers online, said the study by analytics software firm FICO.

Garg, who is an Alternate Governor on the ADB Board, the ADB "strategy should focus more on West Asia and South Asia as interventions in East Asia are already done fairly well," the statement said.
Asian Development Bank HQ. Wikimedia Commons

However, 79 per cent of the banks have launched or are currently considering a separate digital banking offering to leapfrog challenges in acquiring new customers, the research showed.

APAC banks see payments (32 per cent) and personal loans (24 per cent) as areas that present the greatest opportunities for the future of digital banking.

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“In Asia, the identification processes used for services such as e-government, banking or telecommunications evolved independently of each other, leading to a fragmented approach with inconsistent levels of security,” Dan McConaghy, President of FICO in Asia Pacific, said in a statement. (IANS)