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Payments Modernisation: Creating a Truly Digital Bank (APAC Perspective)

8 May 2018

3PM (SGT) / 12:30 (IST)


Why payments are critical for the digital bank of the future

Payments modernization is fundamental to driving banks' business in the future digital ecosystem. Payments business is a crucial source of revenues, data and a critical anchor for broader customer relationships for both retail as well as wholesale banks. In 2016, core payment revenues, excluding interest income, represented up to 25% of global banking revenue.

Payments is now big business in the Asia Pacific (APAC). In 2016, Asia Pacific comprised the largest market share (45%) of the global revenue pool. Annual digital payments volume growth is enormous for both Emerging Asia and Mature Asia Pacific markets at 43% and 9% respectively. This growth is driven due to positive macroeconomic factors, government and industry initiatives to move to a cashless society, digital economy and financial inclusion.

Points of Interest:

  • Why Payment Modernization is critical to the future digital bank
  • How this new solution can help you access the US$1.1 Trillion payments opportunity by 2021 (in APAC)
  • How Key Regulatory and Industry Initiatives, Open Banking, DLT, others are shaping the future landscape of payments
  • How to leverage Immediate Payments to deliver customer value and frictionless experience (Retail, SME, Corporate, others),
  • Insights into the business case

The webinar serves as a perfect guide on how to transform your organization as the future Digital Bank using innovations in payments as a key differentiator.