FinTech LIVE Dubai – CIMB VP digital innovation keynote

Joining Neil Perry, Group Editorial Director at BizClik on the virtual stage at FinTech LIVE Singapore, Khwanchai Huailuk, Vice President of Innovation (Digital Banking) at CIMB delivers the first keynote of the day discussing transformation in banking operations.

Banking trends and the role of fintech

Kickstarting his keynote with an overview of the current landscape in digital banking and fintech innovation, Khwanchai defines fintech as technology facilitating fundamental financial services, enhancing user control, safety and efficacy of financial transactions. 

“Fintech has challenged the status quo in the finance industry,” said Khwanchai. “Fintech has made financial services more accessible.”

He also provides examples of fintech solutions across various segments including payments, asset management and cryptocurrency and highlights the benefits of collaboration between banks and fintech companies for mutual benefit and innovation. 

Making financial services more accessible – especially in low-income populations – fintech solutions provide several benefits including customisation, efficiency, cost reductions, real-time and secure transactions, and streamlined lending processes.