Companies that make up the Asia Pacific banking and financial services sector face similar set of challenges.Everyone from the largest foreign-owned commercial bank to the smallest local thrift bank is saddled by repetitive, costly and ever-changing compliance policies.
Data protection is another challenge. Highly vulnerable to increasingly-complex security attacks, financial institutions allocate significant funds and resources to mitigate threats and guarantee the integrity of valuable customer data.
Digital Transformation (DX) levels the playing field in the highly-diversified FSI space. It allows early movers to benefit from the cultural and mindset shift necessary to support ongoing transformation, while enabling late adopters to transform rapidly, outpace competition and even disrupt the industry.
Asia Pacific economies are at various stages of DX maturity. In some countries, the disparity of digital adoption among companies are more evident. In the Philippines, for instance, digital-only neobanks are at the front line of DX adoption competing head-to-head with digital-savvy local and foreign universal and commercial banks in reinventing the banking experience. Constrained by limited resources, thrift banks
and most rural banks have been slow to catch up on the trend but competitive pressures may force them to act on their digital transformation vision sooner than later.
Efficient data storage, protection and analytics are crucial to Digital Transformation. Data is extraordinarily powerful it can bridge the gap between technology and line of business if harnessed into actional insights and delivered securely to the right people at the right time.
Digital Transformation is just the beginning of the journey and it doesn’t end with the launching of digital infrastructure and platforms. Bigger challenges lie ahead and data is a powerful change agent financial institutions can use to their advantage.
- Chief Data Officer
- Chief Information Officer
- Chief Innovation Officer
- Chief Technology Officer
- Chief Security Officer
- Chief of IT Infrastructure
- Head of Information Technology
- Head of Digital Transformation
- Managing Directors, Digital Technology
OpenGov is pleased to invite you to an exclusive Breakfast Insight that will look at how you can profit from your DX journey today as you brace yourselves for the challenges beyond.
This unique session will present you the latest research and real-time case studies of digitally-transformed FSI organisations, from which you will understand:
How you can optimise data to generate 360° view of your customer
How you can maintain data privacy of social-savvy, hyper-connected, mobile-first customer base
How you can make compliance to local regulatory mandates less cumbersome
What challenges should you anticipate during and post-DX implementation (i.e: When do you kick start AI adoption; What kind of data management systems should you invest in to optimise AI for business?)
How can you do it right the first time
What are the tools you can use to further capitalise on data availability, security and intelligence
Head, System Development DepartmentSystem Government Service Insurance System Department
Division ChiefDepartment of Trade and Industry, Export Marketing Bureau
Head, Supervisory Data CenterBangko Sentral Ng Pilipinas
Director IICooperative Development Authority
ICT DirectorPalawan State University
Chief Science Research SpecialistDepartment of Science and Technology
OIC Office of the Director (Financial and Management Service)Department of Science and Technology
Division ManagerInsurance Commission
Department Manager, IT HeadSubic Bay Metropolitan Authority
Chief Administrative OfficerDepartment of Justice
Director IIICivil Service Commission
Business Director, Philippines
Group Managing Director and Editor-in-Chief
VP Business Intelligence and Data Analytics
Standard Chartered Bank
Contact person: Ellen Quek
Phone number: +65 6303 0683