Successful digital transformation relies on how data is stored, protected and optimised for compliance, risk management and improved customer experience

Companies that make up the Asia Pacific banking and financial services sector face similar set of challenges.
Everyone from the largest foreign-owned commercial bank to the smallest local thrift bank is saddled by
repetitive, costly and ever-changing compliance policies.

Data protection is another challenge. Highly vulnerable to increasingly-complex security attacks, financial
institutions allocate significant funds and resources to mitigate threats and guarantee the integrity of
valuable customer data.

On top of this, the sector wrestle with increasing competitive pressure to generate new revenue streams,
win new customers and retain existing ones in a field where digital-first competitors rewrite the rules of
the game. Competitors use advanced data analytics to gain deeper insights on consumer behavior to
ensure relevant, targeted and profitable client engagements.

Digital Transformation (DX) levels the playing field in the highly-diversified FSI space. It allows early
movers to benefit from the cultural and mindset shift necessary to support ongoing transformation, while
enabling late adopters to transform rapidly, outpace competition and even disrupt the industry.

Asia Pacific economies are at various stages of DX maturity. In some countries, the disparity of digital
adoption among companies are more evident. In the Philippines, for instance, digital-only neobanks are
at the frontline of DX adoption competing head-to-head with digital-savvy local and foreign universal and
commercial banks in reinventing the banking experience. Constrained by limited resources, thrift banks
and most rural banks have been slow to catch up on the trend but competitive pressures may force them
to act on their digital transformation vision sooner than later.

Efficient data storage, protection and analytics are crucial to Digital Transformation. Data is extraordinarily
powerful it can bridge the gap between technology and line of business if harnessed into actional
insights and delivered securely to the right people at the right time.

Digital Transformation is just the beginning of the journey and it doesn’t end with the launching of digital
infrastructure and platforms. Bigger challenges lie ahead and data is a powerful change agent financial
institutions can use to their advantage.

OpenGov is pleased to invite you to an exclusive Breakfast Insight that will look at how you can profit
from your DX journey today as you brace yourselves for the challenges beyond.

This unique session will present you the latest research and real-time case studies of digitally-transformed
FSI organisations, from which you will understand:

• How you can optimise data to generate 360° view of your customer
• How you can maintain data privacy of social-savvy, hyperconnected, mobile-first customer base
• How you can make compliance to local regulatory mandates less cumbersome
• What challenges should you anticipate during and post-DX implementation (i.e: When do you kickstart AI adoption; What kind of data management systems should you invest in to optimise AI for business?)
• How can you do it right the first time
• What are the tools you can use to further capitalise on data availability, security and intelligence

This is a closed-door, invitation-only, interactive session with the industry experts and the movers
and shakers in the burgeoning Philippine FSI market.