Banking and Finance

Welcome to the Division of Banking and Finance at Nanyang Business School!

The Division of Banking and Finance is committed to producing world-class research, delivering top-tier education, and shaping financial innovation in Singapore and the Asia-Pacific region.

Our faculty regularly publish in leading academic journals and the most respected publications in the finance industry. We offer a full suite of top-ranked programmes at the undergraduate, master’s, and doctoral levels, and maintain strong partnerships with professional bodies such as the CFA Institute, CAIA Association, and IFoA.

Latest at Banking and Finance

Uniting Industries for Climate Action: NTU Decarbonisation Forum

Ready to step up and lead your industry towards a sustainable future? Addressing the daunting challenges of slashing greenhouse gas emissions, Nanyang Business School is organising the inaugural NTU Decarbonisation Forum, in collaboration with the Centre for Sustainable Finance Innovation. The NTU Decarbonisation Forum culminates on 27 August, presenting the findings of the three working groups to an exclusive audience including members from the industry, academia, and the government. For further enquires, get in touch with NBS A/P Matthew Dearth at [email protected] or NBS A/P Xin DENG, Cindy at [email protected]

New Bachelor of Applied Computing in Finance Launched

NTU launched a new interdisciplinary degree programme Bachelor of Applied Computing in Finance on 16 November. The launch took place at the Singapore Fintech Festival 2023. Jointly offered by NBS and the School of Computer Science and Engineering, faculty from both schools will co-develop and co-teach several new integrated courses such as Blockchain in Finance, Machine Learning in Finance, and Ethics and Regulations for Digital Finance.

The Big Read With no foolproof way to prevent banking and e-payment services outages, what can businesses and consumers do

With no foolproof way to prevent banking and e-payment service outages, what can businesses and consumers do?

When DBS Bank and Citibank digital banking and e-payments services were down for hours following an issue at a data centre used by both banks, some experts highlighted vulnerabilities such as systemic risks from centralised data centres. “The fact that banks might opt for the same top-tier data centre or other IT service provider amplifies the likelihood of a systemic outage, which leads to more severe consequences for both businesses and consumers,” said A/P Cindy Deng Xin.

What is cyber insurance and can it protect scam victims?

As scams proliferate, causing substantial financial losses due to cyber threats like phishing attacks and fake friend call scams, it is crucial to explore the potential of cyber insurance. However, it is important to recognise that current policies offer coverage for specific scam types. A/P Shinichi Kamiya emphasises the need for ongoing vigilance against scams, even when covered by insurance. He advises that insurance should be considered only after implementing adequate preventive measures, such as maintaining updated cybersecurity software and building awareness of cyber risks.

Society of Actuaries Announces 2023 Actuarial Science Early Career Award Recipient

The Society of Actuaries (SOA) and its Education and Research Section are happy to announce the winner of the 2023 SOA Actuarial Science Early Career Award. This year's deserving recipient is Dr. Wenjun Zhu, FSA, CERA, an assistant professor in Nanyang Business School (NBS) at Nanyang Technological University (NTU) Singapore. Dr. Zhu is a Society of Actuaries James C. Hickman Scholar, and the first student to graduate from the PhD program at the University of Waterloo in 2015 without a Master's degree in the department.

Financial advice from influencers? Take it with a large pinch of salt

In an era where social media influencers exert great sway over decision-making, people should still do their due diligence, especially when it comes to wealth management and investment advice. Assoc Prof Tao Chen opined that if financial influencers are proven to spread false information, regulatory agencies and legislators should increase the severity of penalties.

Associate Professor (Practice) Matthew Dearth published "Getting Started in Alternative Investments"

In Getting Started in Alternative Investments: Understanding the World of Investment Strategies, a team of accomplished investment and finance experts delivers a concise and robust exploration of mainstream and alternative investments. From cryptocurrencies to streetwear, you'll learn about new opportunities for investment capturing the imagination of the latest generation of investors. In this book, the authors discuss investments as varied as catastrophe bonds and non-fungible tokens, as well as the growing influence of the ESG (Environmental, Social, and Governance) movement on different financial instruments.

NTU-GAIP Case Competition

The NTU-GAIP Case Competition 2023 was a joint initiative organised by the NBS Actuarial Science Club and Global Asia Insurance Partnership. This was the first-ever national case competition that involved 572 students from both pre-university and university-levels. The competition aimed to raise awareness about the insurance profession and generate interest in the field among the young. The final competition took place at Marina Bay Sands on19 June where the top five teams out of the 142 teams from each category presented their findings and proposed solutions.

Launch of Centre for Sustainable Finance Innovation

The new Centre for Sustainable Finance Innovation was launched on 27 April by Mr Tan Chuan-Jin, Speaker of the Parliament as part of the NBS Knowledge Lab Dean’s Distinguished Speaker Series. The centre will examine how sustainable finance and financial technology can address environmental, social, and economic challenges. The launch was followed by a cocktail reception sponsored by London Stock Exchange Group (LSEG). Pictured from left: Associate Professor Cindy Xin Deng; Mr David Day (LSEG);Professor Simba Xing Chang; Mr Tan Chuan-Jin; and Dean Christina Soh.

First Runner-Up in the Inaugural SCOR Actuarial Awards for Asia Pacific

Congratulations to our recent PhD graduate Yanbin Xu, who has been awarded second place in the inaugural SCOR Actuarial Awards in Asia Pacific. This prestigious award, established in partnership with the IFoA Foundation, recognizes outstanding actuarial research addressing significant societal challenges. Yanbin’s thesis, titled “Climate Change and Sustainability: An Actuarial Risk Management Perspective”, stood out for its focus on climate risk management and sustainable finance. His research reflects a commitment to applying actuarial insights to tackle the pressing risks posed by climate change. For more details on the SCOR Actuarial Awards and the impactful work they support, visit https://lnkd.in/gJTqwwc7

Discover more

Our Faculty

Our faculty are at the forefront of research and teaching in financial economics and actuarial science.

Our Research

Our faculty regularly publish in top-tier journals and are recognized globally for their research excellence.

Our Programmes

We offer a comprehensive suite of top-ranked undergraduate, master’s, and doctoral programmes, aligned with global standards and industry needs.

Seminars, Conferences and Symposiums

A list of the conferences and symposiums hosted by the Division of Banking and Finance.

Contact Us

Susan TAN (Ms) & Vino (Ms)

Academic Support Unit
Division of Banking & Finance

Office: ABS-06-039
Nanyang Business School
Nanyang Technological University
91 Nanyang Avenue, Wee Cho Yaw Plaza
Singapore 639956

Professor Byoung-Hyoun Hwang

Professor, College of Business

Provost’s Chair in Finance

Head, Division of Banking & Finance

Office: ABS-06-116
Nanyang Business School
Nanyang Technological University
91 Nanyang Avenue, Wee Cho Yaw Plaza
Singapore 639956