IBS Intelligence’s Post

Discover how a Singapore-based digital banking solutions provider expanded its presence in the GCC with the expert guidance of IBSi's advisory team. Our tailored market assessment and product enhancement study enabled them to broaden their consumer base and accelerate market participation effectively. Read more about the transformative journey in our latest case study: bit.ly/411oJrk #IBSi #AdvisoryServices #MarketAssessment #ProductEnhancement #MarketResearch #DigitalBanking #GCC Robin Amlôt | Amit Jain | Ojas Kulkarni | Nikhil Gokhale

Leading practitioners in financial technology and transaction banking recognised at The Asian Banker Summit 2024 The List of Leading Practitioners is a programme designed by The Banking Academy to track the careers of individuals shaping the financial services industry. It includes practitioners whose work or influence is relevant to their markets, immediate communities, or, for some, the industry worldwide. This programme is based on several considerations. First, it recognises those who have earned the respect of their peers by demonstrating completed projects and achieved goals in the recent past. Secondly, it highlights those who have been visible through their opinions and insights shared in industry news and forums. Third, it acknowledges those whose achievements contribute to emerging best practices shaping their respective industries and markets. The following leading practitioners were recognised at The Asian Banker Summit 2024 for their impact on the banking and financial services industry in Asia Pacific, particularly in the areas of financial technology and transaction finance: Asia Pacific Ashutosh Kumar, Managing Director, Head of Global Transaction Banking, Asia Pacific, Mizuho Bank Hong Kong  WONG John, Head of Global Payments Solutions, Commercial Banking, Hang Seng Bank India  Shekhar Bhandari, President - Small and Medium Enterprises, Kotak Mahindra Bank Philippines John Howard Medina, Chief Operating Officer, Philippine Bank of Communications (PBCOM) Lito Villanueva, EVP & Chief Innovation and Inclusion Officer, Rizal Commercial Banking Corporation (RCBC) Thailand  Voranuch Dejakaisaya. Executive Chairman, KASIKORN Business-Technology Group [KBTG] Vietnam Tuan Nguyen, Chief Information Officer, Techcombank (TCB)    Click here for the full List of Leading Practitioners in Technology and Innovation: https://bit.ly/3KmungP  Click here for the full List of Leading Practitioners in Transaction Banking: https://bit.ly/4e3MPIz Neeti Aggarwal, CFA, Axel Winter, TAB Global #BankingLeaders #FinancialInnovators #IndustryShapers #FinancialServices #BankingAcademy #TechInFinance #TransactionBanking #Fintech #BankingInnovation #FinancialInclusion #AsiaPacificBanking #BankingSummit #IndustryRecognition #EmergingBestPractices #FinanceLeadership #TheAsianBanker

As the competition in Singapore's cross-border wealth management sector intensifies, we're excited to assist Standard Chartered in uncovering the key behaviours, corridors, and trends influencing cross-border banking clients' perspectives. RFI Global International Banking report data has been highlighted in The Edge Singapore and The Business Times. #Banking #WealthManagement #Singapore #StandardChartered #CrossBorder #Finance https://lnkd.in/g_DPkWBb

HSBC Appoints ASEAN Private Banking Duo: The private banking arm of HSBC has announced two new appointments for the Indonesia and Thailand markets, finews.asia has learned. #HSBC #privatebanking

United Overseas Bank (Malaysia) Berhad’s customer-centric approach through the UOB TMRW app drives innovation in digital banking. Their success in personalisation and security earned them the Malaysia Digital Experience of the Year - Banking at the Asian Experience Awards 2024. Learn more about it here: https://bit.ly/3WuCVZu #UOBMalaysia #AsianExperienceAwards

As the only AAOIFI-certified Islamic core banking platform, iMAL comes equipped with ready-to-print, AAOIFI-certified Shariah contracts, offering a significant value to Islamic financial institutions (IFIs): 1- Assurance of Shariah Compliance: The AAOIFI certification of these contract templates ensures that the underlying structures, clauses, and terms are in strict adherence to Islamic finance principles, giving customers complete peace of mind. 2- Streamlined Onboarding: Quickly access and utilize these pre-built, standardized contracts, saving time and effort, streamlining the product selection and onboarding process. 3- Reduced Risk: By leveraging AAOIFI-certified contracts, mitigate the risk of non-compliance or potential disputes arising from the structure of their financing agreements. 4- Consistency & Scalability: Standardized Shariah contracts ensure a consistent customer experience across all channels and product offerings, enabling efficient growth without compromising compliance. 5- Flexibility & Customization: Despite the standardized nature of the contracts, the iMAL platform allows iMAL users to further customize these Shariah-compliant agreements to meet the unique requirements of their customers. Over the span of three decades, #iMAL has emerged as the premier Shariah-compliant core banking platform, empowering more than 150 IFIs across 40+ countries and 5 continents. #IslamicFinance #BankingTechnology #CoreBanking #FinTech

Mizuho Bank was named Best Asian International Transaction Bank for its One APAC Region strategy that drove greater synergies on the back of new opportunities, better network strength, collaboration and integrated solutions.     The bank merged its Transaction Banking Asia Oceania and East Asia Regions to create one Asia Pacific Region to drive transaction banking synergies across its 14 markets.      In one of its key markets, Mizuho collaborated with a fintech to launch an API-enabled virtual account solution to assist customers with real-time notifications, and paired the solution with a payment gateway to drive seamless receipt of reconciled funds. It went live with digitalised issuance of banker’s guarantees. Given these initiatives, the bank’s transaction banking revenue increased by more than 40%.      The Transaction Finance Awards 2024 recognises achievements in key business and operational areas of the financial services industry. They programme highlights the winning banks’ annual achievements, competition for market share, and product and operational excellence. The awards were presented on 23 May at the Conrad in Hong Kong in conjunction with The Asian Banker Summit, now in its 25th year.     See all the winners here: https://bit.ly/3QZ66AU     Foo Boon Ping 胡文彬, Chris Kapfer, TAB Global     #TransactionFinanceAwards2024 #BankingAwards #TransactionBanking #CashManagement #TradeFinance #Payments #FinancialServices #BankingExcellence #Tokenization #SustainableBanking #GlobalBankingAwards #Banking #BankingIndustry #Excellence #CorporateBanking #TheAsianBanker #TABGlobal

The banking sector in Pakistan is witnessing a revolutionary transformation with the adoption of Centralized Trade Operations (CTO). This strategic shift is not just enhancing operational efficiency but also significantly improving customer service standards across the board. Centralized Trade Operations mark a pivotal move away from traditional, branch-centric processes towards a more unified, streamlined approach. By centralizing trade services, Pakistani banks are now able to offer quicker, more consistent, and error-free services. This is a game-changer for businesses engaging in international trade, providing them with the agility and reliability needed in today's fast-paced global market. Moreover, CTO paves the way for greater compliance and risk management, ensuring that all transactions meet the stringent regulatory requirements set forth by international and local bodies. As we embrace this innovation, it's clear that the future of banking in Pakistan is bright, with centralized trade operations setting new benchmarks for excellence in banking services. #BankingInnovation #CentralizedTradeOperations #PakistaniBanks #TradeFinance #OperationalEfficiency #FutureOfBanking

Step into the future at the Islamic Banking and Technology roundtable hosted by Systems Limited and Temenos on 24th September 2024 at the EQ Hotel, Kuala Lumpur. Engage with industry leaders as we delve into the evolving landscape of Islamic Banking and Technology. We’ll explore key topics such as Industry Trends and Digital Transformation, Emerging Digital Trends, Digital Innovation Challenges, Digital-Readiness Strategy, and Compliance and Core Banking. Book an appointment to connect with our experts and gain a competitive edge in the dynamic world of Islamic banking. https://lnkd.in/gm-SScr #SystemsAPAC #BankingTransformation

Sharing the glimpse of our recently concluded virtual event: Digi- Dialogues on Digital Risk and Compliance The presentation by Sameer Singh Jaini , Founder and CEO, The Digital Fifth, meticulously outlined the transition from traditional banking practices to a more digital-centric approach, a transformation spurred significantly by the Reserve Bank of India's introduction of a new regulatory framework for Non-Banking Financial Companies (NBFCs). The talk underscored the critical role of fintechs, which have moved from the periphery to the center of financial regulations. It also introduced the Unified Compliance Framework (UCF), a strategic tool that integrates various regulatory requirements into a single, streamlined framework to optimize compliance processes, enhance risk management, reduce costs, and improve decision-making capabilities. This session illuminated the necessity of robust compliance strategies to navigate the complexities of the regulatory landscape and ensure sustainable growth in today's dynamic financial market. Watch the insightful session here: https://lnkd.in/duU_2Bxs Register here for our Digi- Dialogues II for more insights on Compliance Shashank Shekhar | Sreekant Rudrabhatla | Vikrant Kulkarni | Deepak Sai #compliance #digital #session #event #virtual #fintech #market #rbi #regulations #ucf #risk #government