Driving Digital Transformation in APAC

The region is a dynamic testing ground for cutting-edge technologies such as artificial intelligence, blockchain, and cloud-native platforms and is a trend setter in financial services. GFT is playing an instrumental role in shaping this evolving digital landscape, building new digital banks such as Mox and Trust. So far, however, innovation has mostly been in retail banking, with SMEs also well served. Corporate banking has been slower to embrace the opportunities offered by such technologies. With a generational shift in wealth and attitudes, that mindset is changing. 

Asia is the manufacturing center of the world, and its corporations require services. The tier 1 and 2 banks that serve them are still very much on their digital transformation journeys and are only now applying the lessons learned from retail banking’s customer-first approach. 

With the help of GFT,  banks can meet the growing corporate demand for the kind of hyper-personalization and mobile, real-time, secure transactions and decision making enjoyed by retail customers

• Bringing the innovations in retail baking to the corporate sector: GFT is pioneering the application of retail banking insights—such as hyper-personalization, seamless digital experiences, and real-time data-driven decision-making—to corporate banking. 

• Digital Currency: The volume and complexity of multi-currency global corporate transactions can only be served at speed by digital currency, CBDCs, Central Bank Digital Currencies. GFT's UDPN global payments infrastructure offers a perfect jumpstart in the regulated digital currency space.

• Sibos in China as a milestone moment: The event’s debut in China reflects the region’s growing influence on global banking and finance. A catalyst for collaboration and innovation, the event offered a unique environment to “meet current and potential clients and partners, to exchange ideas, get creative and join the dots…”  

With the complexity of privacy and regulatory compliance, Antonio sees the challenge ahead as providing the “practical benefits of transformation while protecting the boundaries of the individuals, legal entities and countries concerned.” 

He concluded the interview with a powerful message for the industry: “Imagine a world where interbank transactions are safe and almost free. What that could do, for example, for migrant workers sending their remittances home.” 

This interview offers a wealth of knowledge for industry professionals looking to learn from APAC’s successes and challenges. Watch the full conversation with Antonio Camacho Hubner to gain a deeper understanding of how digital transformation is shaping the future of banking in this vibrant region. 

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Watch  the  full  interview  with  Antonio  Camacho  Hubner  at  Sibos  2024.