FinTech LIVE Singapore – CIMB VP digital innovation keynote
Joining Neil Perry, Group Editorial Director at BizClik on the virtual stage at FinTech LIVE Singapore, Khwanchai Huailuk, Vice President of Innovation (Digital Banking) at CIMB delivers the first keynote of the day discussing transformation in banking operations.
Banking trends and the role of fintech
Kickstarting his keynote with an overview of the current landscape in digital banking and fintech innovation, Khwanchai defines fintech as technology facilitating fundamental financial services, enhancing user control, safety and efficacy of financial transactions.
“Fintech has challenged the status quo in the finance industry,” said Khwanchai. “Fintech has made financial services more accessible.”
He also provides examples of fintech solutions across various segments including payments, asset management and cryptocurrency and highlights the benefits of collaboration between banks and fintech companies for mutual benefit and innovation.
Making financial services more accessible – especially in low-income populations – fintech solutions provide several benefits including customisation, efficiency, cost reductions, real-time and secure transactions, and streamlined lending processes.
Looking to the future
Showcasing the adoption of fintech solutions in payments, lending and wealth management in Asia, Khwanchai highlights the benefits of collaboration between countries for cross-border payment solutions.
Khwanchai shares statistics on the growth of digital payments in Thailand and initiatives towards a cashless society.
More to come in 2024…
Connecting the world’s technology and AI leaders, FinTech LIVE will be returning in 2024 to bring the biggest global businesses together to deliver insightful keynotes, fireside chats and panel discussions sharing valuable knowledge and real-world experiences.
FinTech Magazine will be hosting two other events in 2024, including:
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