Menu
OpenGov Asia is pleased to invite you to our exclusive and highly timely Virtual Breakfast Insight aimed at imparting knowledge on how innovative financial institutions can embrace and implement the cutting edge tools and efficiency-creating technologies that will help them serve their customers, empower their employees, cultivate an internal culture of change and thrive in today’s increasingly competitive landscape.
“Banks are dinosaurs … we can bypass them,” Do you still remember this quote from Bill Gates? Does it still strike the same emotion that it did back in 1994?
Right from the PC era that was the first of many technology disruptions, to the client-server, “dot.com” and mobility eras , predictions abounded that the banking industry was toast.
Although banks have been disrupted and have blown a few things competitively, this has not pulverised the financial revenue akin to what Apple and Spotify did to the music industry. But business models will keep evolving. Post-COVID-19 scenarios are prime examples.
Digital technology is changing the way banks and financial institutions operate and how they deliver services to their customers. There is therefore a need for legacy banks and financial institutions to embrace change or risk becoming irrelevant.
What are the strategies to remain ahead of the curve and sustain a competitive edge?
The ability of financial services providers to identify, develop and strengthen the usage of right technologies will determine who would ultimately gain the much-coveted competitive edge.
How are challengers shaping the new banking order and what can the banking industry do to respond to the threat of disruption?
Digital banking is reshaping traditional financial services, making them faster, easier, cheaper, and more accessible. Trends in digital transformation and changes in customer expectations have led banks to rethink their businesses to remain relevant.
While conventional banks offer the same services as digital banks, some key differentiators between the two make one more attractive than the other.
As organisations re-evaluate customer needs and daily operations during a pandemic, one subject comes to the forefront: the digital imperative. The survival of banks depends on making smart technology choices, not just in the apps, sites, bots, and channels they offer customers, but in the way they handle data and their workforce.
How can banks embrace innovation and become future-ready? How can banks partner with new players and build new ecosystems to deliver their digital proposition?
Collaboration to compete and innovate is the way forward. Collaboration and partnerships is increasingly the answer to address the pressure that traditional banks are under to digitalise their business model in order to improve customer experience and address competition from disruptors and challengers.
Through a collaborative approach and partnerships in the ecosystem, financial institutions have the opportunity to capture new revenue streams, grow their customer base and advance digital innovation. The question is who are the right partners? In what areas should the banks seek partners?
OpenGov Asia cordially invites you to our exclusive and timely OpenGovLive! Virtual Breakfast Insight aimed at discussing these pertinent questions , imparting knowledge on how innovative financial institutions can embrace and implement the cutting edge tools and efficiency-creating technologies that will help them better serve their customers, empower their employees, cultivate an internal culture of change and thrive in today’s increasingly digital landscape.
OpenGov Asia releases new digital content daily on trending topics within technology and the public sector. Join our newsletter to have weekly digests of our content conveniently sent to your email address.
Very interesting discussion I learnt a lot on Chinese client culture, very helpful to see others ideas
CA Indosuez Wealth Management
What a great session and well-organised! It did not feel like a virtual connection and yet it was beyond just an engagement
Citibank NA Singapore
What a great and well-organised event!
Standard Chartered Malaysia Berhad
© 2024 OpenGov Asia – CIO Network Pte Ltd.
Everbridge, Inc. (NASDAQ: EVBG) is a global software company that provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. . The company’s platform sent over 3.5 billion messages in 2019 and offers the ability to reach over 550 million people in more than 200 countries and territories, including the entire mobile populations on a country-wide scale in Australia, Greece, Iceland, the Netherlands, Peru, Singapore, Sweden, and a number of the largest states in India
Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.
CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.
Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.
Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.
Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.
SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.
HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices.
IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.
