The Money20/20 Asia 2024 conference started with a flurry of thought-provoking discussions and groundbreaking announcements showcasing the latest trends and innovations in the financial industry. From combating fraud to championing financial inclusion, the event provided a platform for industry leaders to share insights and strategies for navigating the digital age.
Dr. Daranee Saeju, Assistant Governor of Payment Systems Policy and Financial Consumer Protection Group at @bankofthailand, definitely set the tone for an amazing show during her keynote.
Standard Chartered made waves with the launch of its new open banking marketplace, signalling a commitment to fostering collaboration and innovation within the industry.
Mambu’s research revealed a growing interest among Gen Z Muslims in Islamic banking, underscoring the importance of catering to diverse consumer preferences.
Bank of Thailand: Leading the Digital Revolution
Daranee Saeju Speaking at M2020Asia
The Bank of Thailand emerged as a regional digital leader, with Assistant Governor Daranee Saeju outlining the bank’s innovative strides in digital finance. Saeju emphasised the importance of productivity, inclusivity, and immunity in guiding the bank’s fintech objectives, highlighting the potential for technology to empower entire communities.
SHIELD’s Trust Summit: Combatting Fraud through Collaboration
Justin Lie, Founder and CEO of SHIELD, stressed the significance of trust and collaboration in combating fraud in the digital age. SHIELD’s partnership with Money20/20 to host the Trust Summit in Bangkok reflects a shared commitment to fraud prevention and industry collaboration.
Mann Deshi Bank: Empowering Rural Communities through Technology
Chetna Gala Sinha, Founder & Chairperson of Mann Deshi Bank, underscored the importance of technology in advancing financial inclusion, particularly in rural communities. Sinha highlighted the need for secure and accessible technological solutions to empower underserved populations.
MUFG Bank’s FinTech Integration Strategy
MUFG Bank outlined its investment strategy for fintech integration, emphasising the importance of collaboration and knowledge sharing across industries.Managing Executive OfficerMasakazu Osawa highlighted the role of generative AI and other innovative tools in driving future growth and adaptation.
Throughout the day, speakers reiterated the transformative potential of technology in reshaping the financial landscape. From open banking to cross-border payments, the industry is witnessing a paradigm shift driven by innovation and collaboration.
Building a Resilient Financial Ecosystem: Key Takeaways and Reflections
As the conference drew to a close, it was evident that trust, inclusivity, and collaboration were the cornerstones of a sustainable and resilient financial ecosystem. By harnessing the power of technology for the greater good, industry leaders can pave the way for a more inclusive and prosperous future for all.
In conclusion, Day 1 at Money20/20 Asia 2024 has offered a captivating preview of the future of finance, showcasing how innovation and collaboration are shaping a positive trajectory and empowering communities worldwide. As we go into Day 2 of this remarkable event, we look forward to further groundbreaking announcements that will continue to inspire and drive progress in the financial landscape.
