Senior executives and heads of digital banks across Asia Pacific discussed how open banking frameworks and secured APIs can scale up financial services offerings. The dialogue also highlighted challenges and opportunities of utilising cloud-based solutions for connectivity, agility, and sustainability.
Phan Thanh Sơn, deputy CEO, head of global transaction services of Techcombank Việt Nam highlighted that the first priority for corporate banking is cash visibility by managing companies’ payables and receivables, reducing cash management operations, and managing supply chain transactions and data.
Kaiwan Turel, head of payment advisory, global payments solutions of HSBC Asia Pacific, mentioned that the key focus area for transforming corporate banking is utilising digital solutions to scale up operations to provide customer-centric products and innovate end-to-end customer experience.
Mark Willis, managing director and global head - API and open banking ecosystems of Standard Chartered stated that real-time treasury is shifting towards broader solutions that require optimised liquidity management. Moreover, leveraging APIs' real-time capabilities enhance user experience. Michael Christopher Cruz, vice president, usage and strategic businesses head of Rizal Commercial Banking Corporation (RCBC) said banks in the Philippines face challenges in digitising corporate and SME banking when dealing with businesses in rural areas that rely on cash. Hence, banks must adopt the right digital solutions for customer needs and offer greater personalised experience.
Frankie Wai, business solution director APAC of Temenos emphasised that ever-changing customer demands, evolving regulations, cyber security concerns, sanctions, fraud, and the impact of the pandemic have created an urgency for banks to digitise corporate banking and core systems.
Key discussion points:
Managing Director and Global Head - API and Open Banking Ecosystems,
Standard Chartered Bank
Deputy CEO – Head of Global Transaction Services,
Techcombank
Head of Payment Advisory,
Global Payments Solutions,
HSBC Asia Pacific
Vice President, Usage and Strategic Businesses Head, Rizal Commercial Banking Corporation (RCBC)
Business Solution Director APAC,
Temenos
The Asian Banker RadioFinance aims to enhance understanding of the finance industry globally by bringing together thought leaders, industry experts, practitioners and futurists to examine current, critical issues through a discussion facilitated by visual and web-based platforms. Through the use of interactive technology, participants do not have to take time out from their crowded schedules or leave the comfort of their own desks.
This RadioFinance session will discuss how financial institutions can deliver a strong customer experience and how corresponding back-end capabilities can be a critical enabler.
Presenting key insights from the Excellence programme held in Hanoi in March 2023, Christian Kapfer, research director of TABInsights, identified personalisation, customer engagement, embedded finance and platform ecosystems as the key…
Inclusive innovation in central banking can enhance monetary and financial stability, according to Daniel Eidan, advisor and solution architect of BIS, speaking at the Excellence in Retail Financial Services Convention 2023
Dusan Stojanovic, founder of True Global Ventures, caught up with Emmanuel Daniel, founder of The Asian Banker, to unpack how the recent banking crises in the US and Europe signal a shift towards decentralised assets and platforms
Craig Allen, president of the US-China Business Council (USCBC) met with The Asian Banker’s Emmanuel Daniel to discuss the impact of US-China trade tensions on foreign companies doing business in China, and anywhere in the world.
By continuing to browse this website, you agree to our privacy policy.
