The 5G Future of Retail Finance Convention 2020
Thursday, 14 May 2020
5G, the next generation network, far superior to 4G and LTE is here! South Korea became the first country to adopt 5G at a large scale in April 2019. 5G is destined to revolutionise multiple sectors of society. Its impact will be evident in self-driving cars, virtual reality, remote surgery, smart cities, and within the banking industry.
What is the potential of 5G has? What is the commercialisation value? How will it empower the various exponential technologies in different industries? What impact will it have on organisations in terms of business models, etc?
The financial services ecosystem has grown by leaps and bounds and continues to go through tremendous changes. Formidable factors such as world economic growth and development of new regulations and rise of non-traditional players, are keeping financial institutions on their toes.
On the technology front, the emergence of exponential technologies is robustly becoming an enabler for both customer experience and efficient operations. How are we staying on top of it all?
In this opening session, we will discuss how these pivotal forces are changing the landscape and creating opportunities for building next-generation, data-driven financial services ecosystem.
Over the years, AI has quickly climbed the priority ladder, becoming the true differentiator factor. It enabled financial institutions (FIs) to make sense of the vast amount of data collected, deliver a hyper-personalised customer experience, improve decision making and boost operational efficiency.
This session will be facilitated by Faculty and invited Speakers.
This important annual dialogue involves the heads of retail from more than 30 countries from the Asia Pacific, Middle East and Africa. The dialogue will cover a comprehensive range of key issues on leading best practices in the industry:
Key findings from the Excellence in Retail Financial Services Awards Programme 2020
This session will be facilitated by Faculty and invited Speakers.
The distributed ledger technology first gained prominence in 2009 as the backbone of bitcoin. But as the digital currency’s value fluctuated, blockchain’s potential as a revolutionary technology for financial institutions through fraud reduction – addressing operational risk and capability of slicing through layers of inefficiency – is gaining momentum.
The Asian Banker, together with the Korea Fintech Association and the StartUp Associations, curated a selection of innovations that are already underway in South Korea involving different industries that are shaping the use of 5G in the country.
Financial institutions have been at the forefront of combatting cyber-attacks. The threat landscape is constantly transforming and growing as a result of an increased digital footprint and persuasive use of the internet. Defenses continue to evolve; attackers are progressively adapting.
Customers are redefining their expectations – banking whenever, wherever. They are taking their cues from other industries that offers multichannel access, product simplicity, seamless integration and ‘segment-of-one’ targeting. They want convenience, personalisation, accessibility and ease of use.
Payments has a lot to learn from telecommunication as well as gaming platforms. In fact, it shares the same “rails” and as such has to meet the same rules as the entertainment and communication industries. The introduction of 5G will require banks and FIs to significantly reform the ways they strategise their payment businesses. Banking services such as payment services will attain new forms extending to newer channels, including mobile phones, wearables, IoT devices and virtual reality.
This is a working agenda, content and speaker will be updated on timely basis
For more details please contact to Program Manager :
Nurul Fitriyana
Senior Programme Manager
nfsalleh
@theasianbanker.com
Tel: +65 6236 6506