Silverlake Axis (“SAL”) (SGX: 5CP), a Singapore-mainboard listed core banking, fintech, and digital banking solutions provider, together with International Data Corporation (IDC), a global market intelligence provider, organized an Executive Lunch Roundtable hosting interactive discussions about future-ready banking.
Since the re-opening of the region’s economy last year, Southeast Asia has seen a variety of activities and investments in digital banking, digital transformation and core modernization, with the Philippines being one of the most active in the region.
“Banks in the Philippines and ASEAN are advancing their digital transformation so that they can improve their End-to-End Banking Capabilities with a Future Ready Model & Platform, based on strong Digital Engagement and Collaborative Capabilities with OpenAPI & Cloud Optimization”, shared Soo Eng Tan, Senior Solutions Director at Silverlake Axis.
“Banks recognize the growing expectations and are actively looking for proven Solutions and Partners that ensure Stability & Scalability, Accelerated Core Modernization while Reducing the Risks of high-impact Dynamic Transformation. To meet Strategic Issues and Opportunities (as highlighted by IDC Research), Banks must use a Partner with Proven Experience, Expertise and Implementation that allows them to differentiate their own and provide the necessary customized customization, as well as use Parallel Core Options & Optimization and Seamless CoExistence & Bridge in their Evolution Journey.
The digital banking sector in the Philippines is undergoing rapid changes as banks recognize the value of digital transformation towards achieving their goals. Regulations are becoming more favorable as regulators look to lay the necessary foundation for financial service providers and fintech players to succeed and thus achieve full financial inclusion.
Together, IDC and SAL research and document how banks are successful
changing their systems and infrastructure by changing the core digital banking system. Earlier this year, the two companies released a report highlighting SAL’s MÖBIUS Bridge, which dives deep into the pitfalls of digital transformation and how APAC banks can successfully navigate them.
The event is sponsored by IDC, a global market intelligence provider, and hosted by SAL. Cyrus Daruwala, IDC’s Managing Director of APAC, gave the opening note while Soo Eng Tan, SAL’s Senior Solutions Director, presented insights on Future Ready Banking. This was followed by a roundtable between Cyrus, Soo Eng, and delegates before concluding with a networking session.
