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Financial Services in Post COVID-19 Era: Ushering Next Generation Financial Services Through Data Intelligence & Governance

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OpenGov Asia 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.

Successful digital transformation relies on how data is stored, protected and optimised for compliance, risk management and improved customer experience
The financial sector has proven as an early adopter of technology intelligence in comparison to other industries. But the current pandemic has created disruptions and upheavals in which nobody is in a position to anticipate and foresee such changes.
Companies that make up the Asia Pacific banking and financial services sector also 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 intelligence and governance are one of the key issues for the financial industries in the post COVID-19 era. While data processing was already a major focus of this industry, the COVID-19 crisis has further reinforced the importance of data in the projects of companies and laboratories working in the sector.

Powerful Metadata, Automated Enrichment, and Simplified Compliance as Part of Essential Digital Transformation (DX)

Digital Transformation (DX) levels the playing field in the highly-diversified financial spaces during the pandemic. 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.
In this massive world’s transition, we need to shine a light on dark data assets, enriching them with valuable metadata to help simplify compliance and secure companies’ data, no matter where it resides.
Intelligent data governance solutions for DX are included as a platform that extends across private and public cloud, reducing the cost and complexity of data governance and compliance reporting in critical situations.
Asia Pacific economies are at various stages of DX maturity. In some countries, the disparity of data intelligence and governance among companies are more evident.
In the Philippines, for instance, digital-only neobanks are at the frontline 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.

Accelerating Data Innovation for the Unstructured Data Workloads While the World is Changing

Financial institutions often struggle to search through their massive stores of digital documents and find the information they are looking for natural language processing could be helped by the data intelligence. Document search and data mining are broad functions that could help to secure and protect companies in a variety of ways.
Moreover, machine learning models are necessarily trained on digital data, and so financial enterprises need to make sure they digitise their old documents before they hire data scientists to build AI solutions during the post pandemic situation.
Having faster access to more data for new workloads under the post COVID-19 situation means having access to more value, timely and accurate to decision making, which leads to improved productivity and the ability to innovate faster.
DX is just the beginning of the journey and it does not end with the launching of digital infrastructure and platforms. Bigger challenges lie ahead and data is a powerful agent of change that financial institutions can use to their advantage.
Interested in getting the Agenda for this event?

Request a copy from our staff (opengov@opengovasia.com)

Who Should Attend

We will be discussing:


Meet Our 2020 Speackers

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Mohit Sagar
Group Managing Director and Editor-in-Chief
OpenGov Asia

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Sachin Tonk
Vice President Business Intelligence and Data Analytics
Standard Chartered Bank

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Varghese Mathew
Business Director, Philippines
Hitachi Vantara

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Download the Financial Services in Post COVID-19 Era Overview

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IN COLLABORATION WITH

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Networking

Make valuable connections and meet peers and mentors in your industry. Share ideas with others in your field, meet your future business partner, or seek advice from people who’ve done it all before.

Learning

We live in uncertain times for tech and business. We’re welcoming the people who are tackling the big challenges facing industry today. In our current climate, upskilling has never been more important.

Exposure

Get exposed to first-hand knowledge and intelligence from subject matter experts across Asia Pacific to accelerate growth and progress.

The preparation that was put into this was fantastic. Great effort to follow up and cover all aspects on delegate needs

Armed Forces of the Philippines

The event was really great and I was able to get lots of insights. Hope to join again in future events

National Bureau of Investigation

This a whole new way of organising an event and making people come together to share their knowledge and insights are new to us, but you made it happen! Congrats OpenGov Team!

Department of Public Works and Highways

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