BANKTECH ASIA 2022 - REFOCUSING ON SUSTAINABILITY & TECHNOLOGY
BANKTECH ASIA 2022 – REFOCUSING ON SUSTAINABILITY & TECHNOLOGY – As global banking undergoes a radical transformation, this conference gathers banking key industry players to plot the route to differentiation, profitability, and growth. The banks of the future will need to embrace new technology, focus on customer centricity and streamline processes. Be part of the conversation with the industry’s leaders to share insights, knowledge, and plans for the crucial period ahead. Learn more on cutting-edge banking technology through a unique blend of case studies and panel discussions from thought leaders.
Registration of the 14th BankTech Asia 2022 Conference
Opening Remarks for the 14th BankTech Asia 2022 by Chairperson
Welcome Remarks by Mr Selva Nagappan, Managing Director, 14th BankTech Asia 2022 Conference
Keynote Speech by VVIP
Stand Alone: The Overlooked Perils of QR Code Usage
- How should a merchant accept a new payment method while fully recognizing the dangers? If that is the case. How can they be reduced?
- What should merchants know about QR code payments and their potential for fraud?
Victor Anthonypillai
Country Officer – Sri Lanka & Maldives
International Finance Corporation (IFC) (a member of the World Bank Group)
Morning Refreshments and Tour to the Exhibition Hall
Panel Discussion Session: Banking as a Service (BaaS) Fueling Neo banks
- The BaaS platforms go beyond debit and deposit-based capabilities with functionality to support wealth management services.
- Connecting neo banks to their sponsoring banks via application programming interfaces (APIs) that enable them to build their financial services on top of the banks’ regulated infrastructure.
- Using the BaaS platform’s APIs to fulfill customer-initiated onboarding, account funding to connect to other third parties to complete their solutions, such as payment networks.
Panelist:
Nissanka Janaratne
Digital Advisory and Transformation Lead
Westpac Bank, Australia
Amran Hassan
Head of Innovation
Maybank, Malaysia
Sahil Gupta
ASEAN FinTech Manager
Ernst & Young, Singapore
Moderator:
S. Muralidharan
CEO
Sampath IT, Sri Lanka
Stand-Alone Session: E-Commerce on the Rise, Now It’s the Banks’ Move
- Evolving attack methods of skimming fraudsters and their sophisticated technologies with the accelerating of the inexplicably slow B2B payment space.
- Externalizing payments shifts the burden and risk towards banks. So, with a slight hint of hacking possibilities, could the customers be directed to a separate site to enter payment details securely. If so, wouldn’t it be a tiring process of having to go through multiple sites just to complete a single transaction?
Victor Anthonypillai
Country Officer – Sri Lanka & Maldives
International Finance Corporation (IFC) (a member of the World Bank Group)
Panel Discussion: Banks Technology Now with a Default ‘Voice’
- Easy voice assistants like Alexa and Google Assistant make routine tasks with deposits and withdrawals with the bank’s voice technology shortening the procedure without the lift of a finger.
- Voice recognition glitches lock people out of their accounts causing unwanted mishaps, especially with foreign language barriers where the system could misunderstand the voice commands leading to the making of unwanted transfers and deposits.
Networking Luncheon and Tour to the Exhibition Hall
Stand-Alone: Augmented Reality, a Game-Changer for Banks
- With the ability of technology immersion, how could banks in Malaysia expand on AR’s transformation productivity with the addition of a digital interface on top of a trader’s real-world environment?
- Can the banks bring personal interactions into the customer’s living room by leveraging augmented reality and its layering tools to visualize complex data sets to help in the manipulation of large volumes of complex data in real-time?
Victor Anthonypillai
Country Officer – Sri Lanka & Maldives
International Finance Corporation (IFC) (a member of the World Bank Group)
Panel Discussion Session: Expanding Identity: How Biometrics Are Transforming Digital ID
-
Government-issued IDs, like passports, are the gold standard for identification. But as people use IDs to access an increasing variety of digital and physical services it might be time to challenge the status quo. Could a single government digital ID be used across both public and private organizations? Could identification expand to incorporate a wider range of elements? And could your ID become something you are, rather than just something you hold? Hear from this session on how technology trends have reshaped how identity is viewed and the opportunity to use them to create more seamless and accessible public services as well as the challenges of applying them within government.
Amran Hassan
Head of Innovation
Maybank, Malaysia
Stand-Alone Session: Mastering the Hybrid & Multi-Cloud Identity Threat
-
Millions of entitlements for human and non-human identities are currently increasing at a rapid pace. To manage the number of clouds and platforms from different vendors and service providers with different and proprietary ways to supervise them is indeed a growing cybersecurity concern. In this panel, we will discuss the status of multi-cloud identity management, the risk dimensions resulting from the complexity of multi-cloud multi-platform hybrid infrastructures, and the solutions and possible standards to mitigate those risks and to reduce complexity.
Ricardo Gonçalves
Head of APAC Security Intelligence
Barclays, Singapore
Evening Refreshments and Tour to the Exhibition Hall
Panel Discussion Session: Embedding Finance & The Future of Banking
- Harnessing the power of data and digitization to create new models of banking and finance across verticals
- Empowering customers through better offerings, and integrating services into customers’ everyday lives
- New models for meeting customer needs, and how incumbent firms fit into the new banking era
End of the 14th BankTech Asia 2022 Conference - Day 1
Opening Remarks for the 14th BankTech Asia 2022 Conference by Chairperson
Stand-Alone Session: How Private Cryptos Disguises Transactions for Anonymity?
Popular cryptocurrencies such as Bitcoin and Ethereum and a bunch of other cryptos ensure the privacy of transactions and cannot be tracked. For obvious reasons. Governments and regulators can’t keep a tab on transactions done using private cryptocurrencies. Such cryptos have the potential to be exploited for money laundering and terror funding purposes. Listen to this session on these coins using a bunch of techniques to add a layer of anonymity to transactions – such as ring signatures that jumble the sender’s public key with random keys, stealth addresses that hide the original sender’s crypto destination address, and zero-knowledge proofs that don’t require evidence of actual information. Cryptocurrencies pose concerns surrounding financial stability.
Morning Refreshments and Tour to the Exhibition Hall
Panel Discussion Session: The New Digital Frontier with Big Data Analytics
- Is it possible to drive revenue growth using in-house enterprise data? Can customer demographics & behavior pave the path forward and help conceptualize new product offerings?
- Is it possible to accelerate digitalization in the industry whilst leveraging ecosystem & platform players? How to go mainstream with data analytics & mature AI capabilities?
- Open Banking & Open APIs – how to build trust, mitigate competition risk and offer customers real-time, dynamic, contextual & scalable services?
Nissanka Janaratne
Digital Advisory and Transformation Lead
Westpac Bank, Australia
Stand-Alone Session: Digital Identity and Trust: A Blockchain Framework
-
Existing traditional identity systems are fragmented, insecure and exclusive. Blockchain technology allows for a more secure management and storage of digital identities by providing unified, interoperable, and tamper-proof infrastructure with several benefits to enterprises, users, and management systems. This session discusses the issues digital identities can solve, the challenges that exist, who will take the lead in implementation of digital identities and will 2022 be the year we see greater adoption of blockchain-enabled digital identities?
Rohan Muttiah
Chief Operating Officer
Cargills Bank Limited, Sri Lanka
Panel Discussion Session: AML Prevention in Banking Industry Using Big Data
- The access and plan for a relevant regulatory environment as it is critical to understand the boundaries for using customer data and the relevant privacy laws.
- Obtaining legal and other expert advice on this area and acknowledging the added complexity for banks and financial institutions to operate on a global level.
Stand-Alone Session: Climate Change: An Agenda for Action
-
Banks play a vital role in climate-related financing and investment, credit risk management, and the development of new climate risk hedging products. On the downside, they face credit risks because policies to cut emissions can create costs for carbon-intensive sectors and companies. In addition to that, price volatility in carbon markets (CO2, oil, gas, coal) and climate-related commodities leads to uncertainty in financial projections. This session speaks on optimizing carbon risk management and the development of assessment tools applied to carbon risks and carbon risk reduction strategies using carbon-related economic analysis and/or by developing climate change-related risk matrices.
Networking Luncheon and Tour to the Exhibition Hall
Panel Discussion Session: The Role Played by Banks in Mitigating the Carbon Emissions
According to the March study Banking on Climate Chaos 2021, around 60 big commercial and investment banks together financed $3.8 trillion in fossil fuel industries between 2016 and 2020. As we are all aware, high carbon prices will significantly stimulate the adoption of green technology. The carbon tax was devised by banks to lower the costs of carbon dioxide emissions from the fossil fuels that produce them when burnt. By this, Malaysia plans to cut the emission intensity of its gross domestic product by 45 per cent by 2030.
This session explores how banks exploit their most powerful products, such as offering dynamic credit interest based on their sustainability scores and carbon-cutting loyalty systems that incentivize corporate customers or individuals to purchase environmentally friendly products and services.
Stand-Alone Session: Strategizing Finances with Climate Change in Mind
- Placing appropriate regulation and supervision to ensure that financial institutions are adequately measuring, mitigating, and buffering against climate risks.
- Increase the capacity of financial institutions to be the catalyst in the transition to a low-carbon economy by increasing the offering of green financial solutions to help customers transition to greener practices and to better cope with climate-related events.
Ajith Kumara Sooriyaarachchi
Head of Risk Management
Sri Lanka Savings Bank, Sri Lanka
Evening Refreshments and Tour to the Exhibition Hall
Panel Discussion Session: Transition Towards Green Banking - The Role of Financial Regulators & Financial Institutions
- Analyzing the negative climate change effects on their banking and non-banking financial sector and the possibility of climate change challenges damaging the financial stability
- Developing a long-term climate change strategy and providing a long-term market signal to investors who need to deliver a vast amount of investment needed for a low-carbon transition
Seshika Fernando
Head of Financial Solutions
WSO2, Sri Lanka
