Chee Kin is responsible for the team that manages DBS`s legal and regulatory risk across legal entities, segments and geographies. Prior to joining, he held various legal and compliance portfolios at Standard Chartered Bank, JPMorgan, Rajah & Tann and Allen & Gledhill, including a position as Chief Operating Officer, Southeast Asia for JPMorgan. LCS manages the risk of legal, regulatory and financial crime, as well as the responsibilities of the company secretariat. Legal, Compliance and Secretariat (LCS) is responsible for managing the legal, regulatory and financial risks of crime, as well as managing the responsibilities of the General Secretariat. We ensure that business operations are in line with the risk appetite for legal and regulatory risks. We also maintain a program to mitigate legal and regulatory risks through proper identification, assessment, monitoring and reporting of these risks. LCS` risk appetite is determined by the letter and spirit of laws and regulations, as well as the expectations of our shareholders, regulators and the communities we serve. I don`t think it`s useful to throw everything into a generic mass called legal technology. I find it more useful to think about how technology can serve the law in 3 different ways. Lam will host a panel discussion on data and the legal ecosystem at the upcoming TechLaw.Fest2019. The event, which will take place from 5pm to 6pm.
September 2019, brings together the international community to debate, advise, act and develop innovations in both technology law and legal technology. Registration is open. I don`t think they`re lawyers, and generally lawyers who are just lawyers have little value. These are and will always be big decisions, and legal analysis is just one facet of very complex and intertwined issues. It is true that a major decision is based on immutable values, including the concepts of the rule of law and access to justice. But to make a good decision, let`s not just look at what the law says. We have to take into account the value equations. Risk-reward trade-offs. What public order says. What are the public relations considerations? What stakeholders think in the broad sense. And sometimes the law is in tension with the action of the good. Lawyers who can bring their great legal technical skills but can incorporate all these other considerations into their decision-making – these lawyers are the best.
Consumer Banking Group (CBG) & Real Estate: Abhishek Shah is responsible for the CBG and Real Estate segment. He is significantly involved in optimizing documentation and advice on bank branch issues. As DBIL expands its presence across India, Abhishek provides legal assistance in the acquisition of offices. In addition to supporting the team, I am also involved in advising on strategic alliances, large and high-quality litigation, reviewing new products and finalizing documents for new products. DBS is reinventing the banking sector and has digitized a significant part of the banking sector. Data analytics, data management and data protection will continue to be at the centre of our concerns at DBIL over the next 12 months. The balance between legal requirements and client requirements is an ongoing effort to provide internal and external stakeholders with simplified and easy-to-read legal documents. Focus on. Mera Aadhaar Meri Pehchan, my Aadhaar my identity, has gone through what we can call a difficult identity challenge. From the option, Aadhaar has been made mandatory for all Indian residents and is now optional again in most cases. “After 4.5 years at DBS, I think there is still a lot to learn and discover in this vibrant community of international colleagues. And as a member of the LCS family, I am honored by the accomplishments of my colleagues.
But I also feel privileged to work with them on important corporate goals: promoting ethical and sustainable activities, collaborating across departments and countries, and further improving our company`s reputation. We help DBS achieve its strategic objectives while meeting its legal and regulatory obligations. We are looking for people who have a keen eye for detail and can identify and mitigate risks. As a member of the LCS family, you can learn how our different units, including law, compliance, secretarial, financial crime, platforms and operations, work together to support the bank. First, we can think about the infrastructure that underpins the legal system – how we store, categorize and share data, how it is secured, how our hardware nuts and bolts work. Based on this, we can then think about how to improve workflow and value measurement. Processes and tools that facilitate the relationship between them – clients and lawyers. The legal team at DBS Bank India Limited (DBIL) consists of six lawyers who handle all activities and support segments across the bank.
For further explanation, team members are responsible for various departments, such as: Institutional Banking Group (IBG) and Global Transaction Services (GTS): Shubhneet Kaur and Abhinita Das are responsible for serving IBG, which includes clients of large corporations, multinational corporations, small and medium-sized enterprises, including PLLs, business owners and financial institutions. The team focuses on a variety of legal aspects ranging from account opening, lending, title creation, collection, dispute resolution and advice on priority sector requirements. GTS includes trading and cash management services and products such as supply chain financing, factoring through accounts receivable purchases, and advice on structured trading products and transactions. Treasury and Markets (T&M): Malvika Coomar is responsible for T&M. She negotiates “ISDA Master Agreement”, “Global Master Repo Agreement” and advises on various T&M products. Malvika works closely with T&M`s legal team in Singapore. Digital Banking: Ganesh Khare focuses on the Digital Banking segment at DBIL. DBIL is at the forefront of banking redesign, believing in harnessing technology and digital journeys to create value for customers. Ganesh has aligned legal and business requirements to make this possible at DBIL.
He was responsible for negotiating and directing various documentaries with leading strategic partners in the industry. As a lawyer by profession, he has particular expertise in the regulation of financial services as well as in the structuring of financial market products and transactions. Currently, however, it focuses on the impact of digitalisation and the development of framework conditions that will be needed to deal with digitalisation and data, as well as secondary issues such as how criminal activities will also develop and how legal and compliance services can benefit from analytics and AI. Although there have been many initiatives, I would like to list a few key transactions: For the first time, when DBS Bank Ltd (DBS) became the first major foreign bank in India to be converted into a wholly-owned subsidiary. This included full documentation, including the completion of the merger plan. The legal team ensured a smooth transition with no impact on clients. The second case was when DBS pioneered a whole new type of bank in India. At that time, paperless banking became a reality.
Ganesh provided me with full support when I launched Digibank in 2016. DBS was the first bank to offer complete banking solutions on a mobile phone, bringing together a range of revolutionary technologies – from biometrics to artificial intelligence. Ganesh has played an important role in introducing an end-to-end digital process for personal loans, where the application, credit assessment and analysis of supporting electronic documents are carried out in real time. The team played a crucial role in developing a mobile-only banking solution for the first time in India and abolished the belief that wet signatures are necessary to open accounts. Digibank is now a well-known brand of DBS. The third was when the legal team advised the commercial and commercial product teams on various financing transactions before exporting and helped clients improve their working capital cycle. This has allowed clients to better control trade flows and conduct off-balance-sheet financing to control trade flows. A unique structured trading solution has been created to allow the client (seller) to obtain financing indirectly through an intermediary buyer by assigning the buyer`s right under the purchase contract and the prepayment and delivery contract. Finally, when Abhishek worked with the real estate team to execute leases to expand the bank`s physical presence across India. Asia Law Network hears Chee Kin talk about her thoughts and journey in the legal industry. His entrepreneurial spirit was contagious as he reflected on his commitment to technology without neglecting the most important factor: the people and culture involved in adopting the technology. “These are always good decisions, and legal analysis is just one facet of very complex and intertwined issues.” Lam Chee Kin is Managing Director and Head of the Legal and Compliance Team at DBS Bank.
Chee Kin, who is considered one of the pioneers in the fields of legal and financial technology, also holds various positions for the Singapore University of Management, the National University of Singapore and the Singapore Data Protection Advisory Committee.
