Banks today are facing rapid and irreversible changes across technology, customer behaviour and regulation. The sheer scope and speed of evolution in these three areas - coupled with changing market dynamics and aggressive non-bank competitors – means banking in the future cannot simply be a continuation of banking as it has been. Understanding what is shaping the industry, and how to optimise your strategy in response, is crucial in crafting a sustainable competitive advantage.
In the face of significant industry-wide shifts, we have rebranded The Asian Banker’s annual Philippine International Banking Convention (PIBC) into – Future of Finance, Philippines - a broader event including not just retail banking but the whole financial service industry, insurance, supply chain finance as well as new players such as financial technology (fintech) companies, start-ups, payment platforms and peer-to-peer (P2P) and market place players. This is a great opportunity to network and get to know views and people outside of your own organisation and learn about different approaches and business models.