Cloud budgets continue to grow. Cloud has become a key part of the strategy of banks to attain and maintain a competitive advantage in digital financial services. This is a big leap from many years of hesitating on cloud, owing much to initial regulatory hurdles that banks had to overcome.…
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Bid to become digitally resilient. Over 70% of banking, financial services, and insurance (BFSI) organizations across the Middle East, Turkey, and Africa (META) region plan to invest in scaling up their digital platform experiences over the next 12-18 months. That’s according to the latest research from International Data Corporation (IDC),…
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Global banking executives believe that the branch-based model will die out. COVID-19 branch closures, new technologies and increased competition from fintechs, super-app platforms and tech giants have accelerated digital transformation and triggered a shift in banking priorities and business models. Temenos the banking software company, finds that 65 per cent…
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Developing efficient digital capabilities to cater to mass markets. Both traditional Asian banks and top foreign banks in the Asia Pacific region are experiencing growing competition from two types of technologically advanced players. One is the emerging WealthTech firms that are developing advanced B2B and B2C digital solutions, while the…
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The pandemic revealed digital gaps between banks. Asia Pacific banks are going back to the drawing board on their digital transformation programs. Digital banking fitness has been the key factor, with digital banks enjoying three times the growth in customer bases compared to traditional banks. The second edition of the Fintech…
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The ability to lend well in crisis conditions has received a lot of attention especially among the APAC’s largest institutions The return of risk management as a key driver for technology investments and business decisions, particularly in what seems to be a point of entry for a crisis: credit risk.…
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Financial institutions need to enhance the resilience of capital, technology and talent. Over the past nine months, the COVID-19 pandemic has reshaped the banking industry across multiple dimensions, by ushering in a new competitive landscape, prompting a new wave of innovation, and accelerating digitization in almost every sphere of banking…
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