Unlocking financial inclusion opportunities with open banking
Technological advancements are reshaping the financial services industry. Open banking API has the potential to drive accessibility to financial services by offering personalised experiences and cost-effective solutions. The future with open finance and sharing data will have a huge impact on achieving financial inclusion. In this session, we will discuss how the advent of open banking can boost the acceleration of financial inclusion in an emerging market.
E-payments have revolutionised in the past years aiming to disrupt cash-based economies. Digital payments in Indonesia are growing because of the increasing demand of the customers’ needs. With the rise of payment platforms and fintechs solutions, the digital payments have become more secured and customer-friendly. In this session, a panel of experts and thought leaders will discuss the latest global trends in the digital payments landscape.
The adoption of cloud and cutting-edge technologies is a catalyst for digital transformation. These technologies have the ability to structure and strengthen business processes, operation resilience, product performance, and data availability. Utilising AI in the cloud allows a seamless data transfer, access, and analytics as well as security automation. In this session, we will discuss the benefits of cloud and AI to accelerate the banks’ digital journey.
SMEs approximately represent 16% of the total bank lending market. The Indonesian SMEs are struggling to obtain credit access due to lack of credit information and risk of default, and most banks are unwilling to lend to them. The fintech players are evolving to embrace the sector and offer more solution and loans to micro, small and medium enterprises (MSMEs). In this session, we will discuss how the collaboration of FIs and fintech will support the SMEs to finance and achieve financial inclusion.
Cyber risk exposure is getting more aggressive with the imminent digital transformation in the financial sector. Although the implementation of new technologies is aiming for superior customer experience, these emerging technologies will bring new and more complex risks. This session will feature how to enhance these changes using the most advanced technologies and what are the compliance and regulatory factors elevating the cybersecurity space.