Asian Financial Services Congress 2023 | International Data Corporation (IDC) | 7 March 2023 | Sands Expo & Convention Centre, 10 Bayfront Ave, Singapore 018956

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.

With the groundwork for financial institutions to be foundationally strong laid out, the path towards becoming strong financial institutions will be shorter and quicker.