Asia-Pacific banks need to learn from fintechs and evolve digitally

Published Tue, Jul 21, 2020 · 09:50 PM

WHILE the world is currently experiencing unprecedented upheaval due to the Covid-19 crisis, the Asia-Pacific banking and financial services industry is reaching a tipping point in many regions, with the "digital banking revolution" on the near horizon. Banks, lenders and other financial institutions need to be prepared to make some transformative changes to stay relevant and competitive.

Even while economies are suffering and business is uncertain due to the pandemic, banks need to be moving forward with their digital strategies to ensure they are not left behind when the world eventually settles into the "new normal". The biggest mistake any bank can make right now is to do nothing - every bus…