Banking in the APAC region is showing early signs of a paradigm shift. A growing economy with a large millennial population has been steadily shifting towards a more evolved form of digital banking, which is both quick and contextual. While Neobanks and Fintechs have been the trendsetters, full suite banks in APAC too have been taking proactive steps in providing a better banking experience to their customers.
Incumbent banks in countries like Vietnam, Malaysia, Indonesia and Philippines, will have to carefully analyze the trends in their region and adapt their goals for transformation. Further, banks will need to take into account the evolving technology, regulations and market expectations.
Read this article authored by Paramdeep Singh, Partner, Executive Vice President & Head – Asia Pacific, Intellect Global Consumer Banking (iGCB), to understand the 5 key trends which are impacting Asia pacific markets and how investing in a composable architecture can help Banks deliver the much desired contextual experience.