Kuala Lumpur Series 2022
Breaking Barriers In Driving Financial Inclusion
Overview
2021 has been a challenging year across the financial services industry, but these challenges have also continued to drive long-overdue modernisation and digitisation. Consumers are already tech-savvy when it comes to financial services, and had little trouble making the shift to online. BANKTECH WEBINAR will provide bank executives with powerful insights on current trends and highlight innovative technology to help today’s financial institutions transform themselves to serve consumers now and into the future.
Registration
14th Edition of BankTech Asia 2022: Kuala Lumpur Series
Opening Remarks
BankTech Asia 2022 - Cyber Security & Data Privacy Opening Remarks
Speaker
Izzat Aziz
Director, Emerging Technology Risk and Cyber, KPMG, Malaysia
Panel Discussion
What to Be Expected Within Banks’ Governed Data
Effective data governance especially in banks should provide transparency over the utilization and consumption of data, recognizing that analytical models are being used for more than traditional purposes. With the advance of technologies and the drive to compete in the market with new data-driven industry entrants, banks and financial institutions discovered new ways of utilizing data beyond what was originally intended by third-party risks associated including data theft via service providers.
- Increasing trend of firms trying to explore new ways to monetize their data, adding extra pressure to innovate and sell the insights from the data they hold.
- Implementation of any data privacy regulation lies in winning trust of customers through a well-defined data security architecture without compromising on the data protection by design.
Moderator
Malik Khan Kotadia
Co-Founder and Chairman, Global Impact FinTech (GIFT) Forum, Singapore
Panellist
Ryan Teoh
Head of Group Strategy, RHB Banking Group, Malaysia
Presentation
Digitalising Bancassurance
Speaker
Mohandeep Singh
Founder, Agiliux Cloud Insurance, Malaysia
Panel Discussion
Rethinking Risk Management in Banks Privacy Ecosystem
In banking, social distancing restrictions further pushed customers towards the digital channels for service. Privacy, security and data risks are now interconnected and interdependent, yet over 80% of the banks surveyed organizes privacy, data management and information security as separate domains increasing the likelihood that important responsibilities will slip through the cracks, which creates real risks for firms along with potential costs (monetary and reputational).
- Strengthening compliance and information security with a control framework reflecting new risks but focused on delivering value with the infusion of a culture of privacy awareness and vigilance throughout the bank.
- Banks collect data with the consent of customers’ and then to protect the data while using it to deliver an enhanced and highly personalized experience.
Moderator
Izzat Aziz
Director, Emerging Technology Risk and Cyber, KPMG, Malaysia
Panellist
Raj Viswanathan
Chief Information Security Officer, NIUM, India
Steven Wong Weng Leong
Chief Digital & Global Banking Strategist China Construction Bank (Malaysia)
Panel Discussion
New Banking Reign in Data Privacy
Privacy law’s essence in banks is on the protection and maintenance of a customer’s personal information. It is fair to assume banks treasure and value their privacy and confidentiality by focusing on the rights of data subjects and enhanced scrutiny of data handlers.
- Banks take for the growing importance of data, the increased risk of cyberattacks and the related regulatory requirements mean in their cybersecurity capabilities and IT infrastructure.
- Handling of sensitive information to guarantee the security and authentication of the means of transfer of information, to minimize the risk of data corruption and of unauthorized access preventing leakage of information in order to maintain the confidentiality of data in banks at all times.
Moderator
Izzat Aziz
Director, Emerging Technology Risk and Cyber, KPMG, Malaysia
Panellist
Lito Villanueva
Executive Vice President & Chief Innovation and Inclusion Officer, Rizal Commercial Banking Corporation, Philippines
Venkat Paruchuri
Global Head of Security Technology Services, Standard Chartered Bank, Singapore
Break
Networking Luncheon and Exhibition Walkabout
Presentation
Next Generation of Fraud & Financial Issue in Banks
New world’s new digital workforce has pushed most banks to significantly contribute to their online footprint by using multiple applications compelling individual banks to secure their network and servers. Banks have started using prescriptive approaches to strengthen cyber security. Protective measures already in use include antiviral and anti-malware applications and firewalls.
- Establishing a robust process for the timely analysis and sharing of cyber threat intelligence alongside trusted parties with the growing number of customers using digital channels to interact with the bank.
- Conducting regular cyber security assessment exercises that allows the bank to stress test cyber defences in regards to having data breaches or fraudulent payments with real-time transactions on the payment platform.
Speaker
Victor Apps
Director, Financial Crime Risk Specialist – Asia, Standard Chartered Bank, Hong Kong
Panel Discussion
Innovation Progression in Spotting Bank’s AML Actions
According to the report by Financial Times, money laundering schemes are getting more complex and harder to detect. The freezing of money or assets related to local or overseas criminal investigations is done in accordance with laws and regulations by law enforcement agencies while banks are required to coordinate with the law enforcement agencies.
- Analyzing the risks associated with priority financial crime areas in jurisdiction(s) relevant to the FI and the applicability of those risks to the FI with the collaboration of the public and private sectors providing a more holistic view of risk.
- With technology being the cornerstone of all AML programs, how does the automated systems assist in streamlining and improving operational efficiency focusing on higher-value work such as the evaluation of high-risk activities and improving the compliance frameworks.
Moderator
Victor Apps
Director, Financial Crime Risk Specialist – Asia, Standard Chartered Bank, Hong Kong
Moderator
Lee Ashmore
Global Head of Anti Money Laundering Technology & Regional Head of Compliance IT – Asia Pacific, HSBC, Hong Kong
Dr John Moss
Deputy CEO – Intelligence, Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia
Robin Lee
Head of APAC, Napier Technologies, Singapore
Presentation
Banks Better Buckle Up for These Big Data Trends
Evolving data breach threats are forcing the sweeping for regulatory changes. With the help of technology, banks are developing and implementing operational and procedural changes in order to comply with significant variation between data privacy regulation and enforcement.
- Vulnerability of banks with new digital processes leading to constant investments in analytics and graphed databases to keep up with financial crime and to protect their customers.
- Banks monitor criminals’ movement on duplicates, superseded data, legacy data etc with visual representation of technology to better detect suspicious activity in transactional data.
Speaker
Lito Villanueva
Executive Vice President & Chief Innovation and Inclusion Officer, Rizal Commercial Banking Corporation, Philippines
Presentation
Where GRC & Cyber Security Intersect
Explore the strategic initiatives and transformative frameworks that financial institutions must adopt to embrace the full spectrum of digital advancements.
- Decode the essence of digital transformation as the cornerstone for a resilient and future-proof BankTech future.
Speaker
Maryani Man
Managing Director, VIRESERVE SDN BHD, Malaysia