The COVID-19 pandemic has upended many aspects of the conventional banking business model. Technology has taken on a pivotal role in these uncertain times and digital transformation is now happening at pace at leading banks.
44% of the top 250 banks across the Asia Pacific are focused on completing their “connected core” transformation – working on platform-based and componentized modernization, and API enablement. The pandemic has pushed banks to transform into intelligent digital financial service players using digitalization, Open Banking, advanced analytics, and straight-through processing (STP) as the mainstays that will drive the change.
Join IDC, Finastra and thought-provoking leaders from WeLab and Kotak Mahindra Bank as we discuss the findings of a newly released IDC InfoBrief to examine ways banks have responded to the new normal and the best way forward:
- 2020 and beyond, going into Asia Pacific trends in 2021
- What must banks do now during the accelerated disruption to be part of the banking industry of the future?
- How to evolve into an intelligent player in the market
- Ways to synthesize emerging technology with legacy systems and maximize the potential of an interconnected digital ecosystem