Open access to personal information data is transforming the banking and financial services sector, and beyond. Forward-thinking firms are now reviewing their traditional models and all relationships in their value chains.
For leading financial brands to stay relevant and ahead of the curve, it is very important that they position themselves early on as progressive and collaborative. Banks doing this are strongly positioning themselves with their customer base, while also positioning themselves in the new ecosystem to attract talent, establish partnerships and create platforms they can monetise.
Open Banking will impact insurance firms too. Access to customer transactional data will significantly improve the accuracy of assessing customer risk profiles, and allow for increased customisation of insurance products and premiums.
FIRtech Hub is bringing together industry leaders from around the world into a regional working group where they will share insights, solutions, successes as well as failures that will become a repository of knowledge for Open Banking in the SE Asia region.
Join us at the event and be part of the formation of the Open Banking Working Group - SE Asia.