7 episodes

The world's first podcast that captures people transforming the finance industry.

RadioFinance RadioFinance

    • Business
    • 5.0 • 1 Rating

The world's first podcast that captures people transforming the finance industry.

    Daniel Eidan of BIS: “Central banks and innovation can co-exist”

    Daniel Eidan of BIS: “Central banks and innovation can co-exist”

    Inclusive innovation in central banking can enhance monetary and financial stability, according to Daniel Eidan speaking at the Excellence in Retail Financial Services Convention 2023. Eidan is the advisor and solution architect of Bank for International Settlements – BIS.

    • 30 min
    Stojanovic of True Global Ventures: "Centralisation is dead"

    Stojanovic of True Global Ventures: "Centralisation is dead"

    Dusan Stojanovic, founder of True Global Ventures, talked about how the recent banking crises in the US and Europe, points to a shift towards decentralised assets and platforms.

    • 17 min
    Composable designs are the future of banking architecture

    Composable designs are the future of banking architecture

    Senior executives and heads discussed how banks and financial institutions redefine business models to be more inclusive, innovative, and resilient to volatile market conditions for SMEs. They also highlighted the opportunities and challenges of utilizing a composable design to succeed in the market.

    Aswin phlaphongphanich of DeeMoney, Edu Trinidad of UBX, Frankie Wai of Temenos, Prashant Chauhan of Tata Capital, Sokha ROS of SBI LY HOUR Bank, and Srinivasan Shanmuganathan ( Shan ) of Standard Chartered shared their perspective on how can the composable design enable financial institutions to better address the needs of SMEs. Composable designs through interconnected components of microservices which can be assembled and reassembled quickly to go live fast are going to be the future. They also discussed how traditional banks have to evolve to compete with new market entries amid technological disruption and regulatory changes. To serve smaller-sized MSMEs a change of the game is needed in distribution and infrastructure.

    Wai discussed that new players keep raising the bar for customer experience. Whenever there is a new positive experience regardless of industry, customers expect the same standards. Sokha pointed out that most incumbents only look at the top SMEs which leaves MSMEs behind. Aswin revealed that the pandemic brought to the fore pain points on the payments side where MSMEs were unable to reach their banks for remitting fund transfers within and across borders, and were facing huge forex volatility impacting the cash flow and liquidity of MSMEs. Trinidad commented that embedded finance allows the ability to provide quick and specific solutions right to the customers.

    Shanmuganathan noted that infrastructure is more about accessibility not about technology enablement and how to gain access and speed to market that is critical. API connectivity and fintech collaboration are critical in building a self-service model for MSMEs to empower them to pick and choose what they need. He also highlighted that the biggest challenge with open banking is that there are many regulatory market restrictions, including how to utilize data that have not yet been addressed. To create service and product flexibility at the front end, Prashant shared that for agile capabilities one needs to build a layer on top of legacy systems, an open network of APIs for various functions. But to succeed in this, the most important part is to change the process, the policies and the digital mindset of the company accordingly. In the future, there is no brand loyalty only service loyalty and those FIs that serve the best and provide the best rates in the shortest time will win the race

    Key discussion points:

    How can the composable banking approach address the needs of SMEs and promote financial inclusion?
    How can traditional banks evolve to compete with challenger banks amid technological disruption and regulatory changes in digital payments and lending?
    How do organisations build and redefine business models to be more inclusive and resilient to volatile market conditions?
    How organisations are balancing corporate responsibility and profitability to achieve greater stakeholder satisfaction and engagement?

    • 13 min
    USCBC’s Allen: “Distrust, lack of confidence, protectionist measures being taken by US and China”

    USCBC’s Allen: “Distrust, lack of confidence, protectionist measures being taken by US and China”

    Craig Allen, president of the US-China Business Council (USCBC) discussed with The Asian Banker’s Emmanuel Daniel the impact of the US-China trade tensions on foreign companies doing business in China, and anywhere in the world.

    • 45 min
    APAC Banking Outlook 2023 - Finding New Drivers Of Growth And Staying Resilient For The Upturn

    APAC Banking Outlook 2023 - Finding New Drivers Of Growth And Staying Resilient For The Upturn

    In this RadioFinance session, we will discuss the 2023 outlook for the banking industry of the Asia Pacific region, the dominant trends and challenges to watch, and the direct effect of inflationary pressures on the different markets in the region.

    • 20 min
    Edge finds use cases in retail and branch banking transformation

    Edge finds use cases in retail and branch banking transformation

    In this RadioFinance session, we will discuss how deploying distributed cloud technologies at the edge of the network is redefining data agility for real-time insights. It will also highlight challenges and opportunities of utilising edge solutions to digitally transform the financial services industry at scale.

    • 12 min

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