Overview Banking Technology At BankTech Asia '12
Today, with rapid and dramatic changes in business being brought about by the recession and perhaps you have noticed that competition is even tougher nowadays; one way to secure and sustain your business is through RELIABILITY & CAPABILITY OF MODERN TECHNOLOGY.
The banking and financial service industries have undergone radical transformations over the past decade largely due to technological advancements. This has fuelled greater challenges as customers today are pampered with choices – they can change banks by just a click of the mouse.
As bankers, regulators, politicians and others struggle to understand the causes of the global financial crisis and try to figure out a way to help the industry recover and return to growth, the role of IT is, if possible, more important than ever with banking sectors are under tremendous scrutiny to quickly deliver leading-edge solutions to improve risk management, regulatory compliance, the emergence of Islamic Banking and payments processing and invention of card payments.
What will 2012-2013 bring to the banking industry? More regulations for improved transparency and better control are a strong probability. The wealth of data this will produce could spark new activities around business process management, workforce management and customer relationship management. The winning formula for a bank to be successful is better service at lower costs. Real-time and predictive analytics to understand costs, profitability and risks are crucial elements in servicing customers.
By streamlining their heterogeneous IT environments, banks can move to a service-oriented architecture that can drive down costs while spurring product innovation and speed to market. Banks need systems that are integrated across their enterprise to support end-to-end processes while managing their multiple product types.
BankTech Asia '12 will showcase the latest technologies available in the market today, and conference sessions presented by industry experts from reputable organisations. The forum will bring together leaders from around the world to create opportunities for successful collaborations between organisations and nations with a diverse spectrum of technologies and business issues in the banking business environment.
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