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Fast-Tracking Digital Transformation for the Financial Industry
May 18, 2021 News


Editor’s note: On the 28th of May 2021, at 11 AM SG/MY/PH time, IBM will be hosting a webinar where fintech experts from Episode Six (E6) will discuss how financial institutions (or any business) can fast-track their digital transformation initiatives and gain an edge in today’s highly competitive and regulated industry. Click here for more information and to register for this not-to-be-missed webinar.

According to a Deloitte survey, the financial services industry is on the verge of a digital transformation right now and that the objective of their digital strategy is to strengthen customer experience and engagement.

Throughout the industry, there is widespread digital disruption. A full 90% of respondents agreed or strongly agreed that digital technologies are disrupting the industry to a great or moderate extent. But there was still a considerable proportion of financial institution employees who did not believe their firms were ready for this disruption.

However, COVID-19 has changed all that. Whether they like it or not, the global pandemic has further accelerated the need for digital transformation and created an urgency for financial institutions to develop a digital-first ecosystem for their customers.

A critical roadblock remains – their legacy systems and infrastructure. As they embrace the new, digital ways, legacy technology, which may have served them well through the years, could now hinder the speed at which they can innovate and develop new solutions.

In order to meet rising and evolving customer demands, financial institutions now find that they have little choice but to leverage next-generation financial technology that can readily integrate with legacy and new systems, enabling them to bring financial products to market simply and quickly.

Ensuring the success of such an initiative in real-world situations is easier said than done, with challenges potentially popping up every step of the way. But fret not, IBM will be hosting a webinar that is specifically aimed at helping financial institutions (and any other businesses that are using their technology platform to create innovative solutions) solve these challenges to thrive in the new digital economy.

The Solutions on IBM Cloud Series is a unique IBM ASEAN initiative to showcase cutting-edge solutions from their partners, built using IBM Cloud technologies. This upcoming webinar, featuring Episode Six, will be themed around how FSIs can accelerate digital transformation and develop digital journeys that customers want through various innovative solutions – from e-wallets and card programs to multi-currency or other loyalty programs to drive loyalty, revenues, efficiencies, and long-term value along the way.

Look forward to an impressive line-up of experts who will provide insights on how the next generation technologies can help any business with their digital transformation. Speakers will include Dom Braun, Managing Director of Sales and Development, APAC (ex-JAP/KOR) and Nirmal Chander, Director of Sales and Development, APAC. The agenda will also include a Q&A/panel session that will help attendees delve deeper into the topic discussed.

The exclusive webinar will be held on the 28th of May 2021 at 11 am SGT. Attendees are invited to participate from the comfort of their home or office and experience the latest strategies in leveraging next-generation technology for their business success.

Click here to register.