Real use cases in Asian Open Banking
A recent global survey from Finastra has found that Open Banking has firmly taken root in Asia - and financial institutions are already reaping the benefits of collaboration. In fact, 95% of banks in Hong Kong have already found collaboration to be a key driver of their success, while nine out of 10 in Singapore said it has already made their business more efficient. But what does this really mean?
Join Finastra and DigFin's virtual dialogue, where we will be joined by experts from HSBC, DBS Hong Kong, TONIK and EY to look beyond the buzzwords and find out how modern banks are leveraging Open Banking and fintech collaboration to meet today’s customer expectations.
Open banking models raise many questions, so we will be asking our expert panellists:
- What are the commercial use cases for banks?
- How do open banking rules and practices vary across the region?
- What's the risk of API developer failures?
- How are banks, virtual banks, and fintechs creating new ecosystems in Asia?
- Plus: standards, interoperability, regulation, data, security, privacy.
Director Retail banking Product
Shweta has 15+ years of experience working with Banks and Financial Services industry.
Based in Hong Kong, she has been working on the Product Strategy for Challenger banks with primary focus on Digital applications.
Head of Smart Banking
Lareina Wang is the Head of Smart Banking for HSBC Wealth and Personal Banking in Hong Kong. In this role she leads the implementation of HKMA Smart Banking initiatives as well as the bank’s Digital Partnerships and Innovation agenda, she is the Chairperson for Open API Taskforce in HKAB (Hong Kong Association of Banks). Lareina was Head of FinTech Partnerships at HSBC UK where she focused on the acceleration of HSBC’s innovation agenda and led HSBC Digital’s global first FinTech partnership. Lareina was heavily involved in defining Open Banking strategy for HSBC UK.
Prior to that, Lareina held various senior digital roles in HSBC, Barclays and Ogilvy in London. Lareina holds a BA in English Literature and an MSc in International Marketing.
Executive Director, Innovation and Ecosystems
DBS Hong Kong
Brit Blakeney is Executive Director, Innovation and Ecosystems reporting to DBS Hong Kong’s CEO. Brit is a digital executive with over 20 years of experience. Prior to joining DBS, Brit was a Director at Dun & Bradstreet, leading its digital transformation. She has also held senior positions at major media and internet companies, such as AOL and Univision, and helped launch and run several successful internet and financial startups. Brit holds a bachelor’s degree from Georgetown University. She is on the payments committee of the FinTech Association of Hong Kong, a member of Women in Tech Hong Kong, and is a regular speaker at industry events across Asia.
Chief Technology Officer
Ramu has built over 20 digital bank channels across Asia and Middle East as a Chief Architect and has 16 years of IT experience.
TONIK is the first digital-only bank in Southeast Asia and is on a mission to revolutionize the way money works in Southeast Asia. Launching in 2020, TONIK will provide retail financial products, including deposits, loans, current accounts, payments, and cards on a highly secure digital banking platform. TONIK believes the existing Filipino banking customers and the 70% of the Filipinos that remain unbanked deserve a better choice - a digital-only bank that is simple, not intimidating, helps them save, all at the click of a button.
Global Emerging Markets Fintech Leader
Varun has deep experience in the FinTech domain and is skilled in cross-border management of FinTech operations and business planning, digital banking innovation and strategy, and regulatory strategy development (M&A). His specialization also covers FinTech ecosystem development, FinTech strategy development and implementation, FinTech corporate finance due diligence, and solution development and intrapreneurship.
Varun holds a Master of Strategy and Operations from National University of Singapore, and a Bachelor of Technology (Computer Science Engineering) from Jaypee Institute of Information Technology, India. He is a founding member of the Singapore FinTech Association, the only non-profit FinTech body supported by the Monetary Authority of Singapore.
Jame DiBiasio (Moderator)
Editor and Founder
Jame DiBiasio founded DigFin, a media and content business (www.DigFinGroup.com), in 2017. DigFin combines a website on digital-finance news with a bespoke content-development service for clients in finance and technology. He also serves as co-chair of the wealth-tech committee of the Fintech Association of Hong Kong. An award-winning journalist, Jame has been covering Asia-Pacific financial services and markets since 1997. His latest book, “Cowries to Crypto: The Story of Money, Currency and Wealth” (Oanda), is due out summer 2020.