IDC AFSC | Asian Financial Services Congress

IDC AFSC | Asian Financial Services Congress

by November 22, 2022

Asian Financial Services Congress
2023 brings the financial services industry in the Asia/Pacific to familiar territory: a weak economic environment requiring urgent action from financial institutions working alongside regulators, the government, and market infrastructures. As such, leaders in the business of banking, insurance, and capital markets need to focus on pursuing revenue generation in light of a potential recession. On the bright side, having experienced the pandemic, which was famously regarded as the accelerator of digital transformation (DX), financial institutions are well-equipped to pivot their business and technology strategies towards assuring stability.

The tools and capabilities borne out of the DX era provide a clear jump-off point for financial institutions to start building their financial strength and managing their risks. Moreover, financial institutions are already in the momentum of driving innovation.

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