Bloomberg Central bankers around the world have set up or are creating departments to embrace big data in the quest for deeper insight into the economies they manage. “Isaac Asimov once said, ‘I do not fear computers. I fear the lack of them,’” David Hardoon, chief data officer at the Monetary Authority of Singapore, said in a recent speech. “We ...

Bloomberg Sweden’s financial industry is growing at a fast enough pace to ensure that the thousands of bankers being replaced by robots will still be needed, according to the country’s financial regulator. A digital revolution is seemingly making humans redundant. But Martin Noreus, the deputy director general at the Stockholm-based Financial Supervisory Authority, says most of the bankers affected won’t ...

Bloomberg The private-banking arm of Oversea-Chinese Banking Corp. is adding more staff in Dubai, as the Singapore lender se- eks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about 20 relationship managers next year to cater to non-resident Indians and rich people in the Arab world, ...