Vietnam to Rethink Financial Services After a Cutting-edge Show at WFIS
2024年5月1日 - 4:42PM
JCN Newswire
In an exclusive setup that convened over 500 financial sector
professionals, the second annual edition of World Financial
Innovation Series (WFIS) in Vietnam gave an industrywide push to
accommodate the latest tech advancements in FSI.
Held at one of the poshest 5-star venue, Melia Hanoi, the event
took place on 15-16 April 2024 and got inaugurated by the Vice
Chairman & Secretary General of Vietnam Banks Association
(VNBA), Dr Nguyen Quoc Hung and the event organizer, Sudhir Ranjan
Jena (Co-founder & CEO, Tradepass).
Unveiling a whole spectrum of discussion around areas like Cloud
Technologies, Generative AI, Fintech Leaps and Digital Banking, the
platform very precisely depicted the pulse of the industry and got
numerous verticals together to engage in meaningful dialogues.
While Generative AI has taken the whole world by storm, it found a
significant spot in the conference's agenda as well. A strong
testament to its widespread popularity is the fact that it got
highlighted during two distinct keynote sessions titled "Generative
AI for Financial Services" by AWS Vietnam & Indochina and
"Revolutionizing Banking: The power of Generative AI" by
VinBigdata.
During a face-to-face interview, the Chief Digital Officer from
Techcombank, Pranav Seth who was also a key speaker at the event,
gave an impressive reply explaining how the bank's recent 22
percent year-on-year Profit Before Tax (PBT) can be attributed to
the its digital side.
He expressed, "As a universal bank I think there's a lot in terms
of transformation that needs to come together, so I think digital
is a large part of it. On the digital side what we have been able
to do is massively scale up our acquisition efforts. So, last year
we were able to acquire about 2.3 million high quality customers
and create one of the highest engagements with them digitally. Our
customers interact with us around 50 times a month and for each of
those opportunity we use all the data that we have."
Furthermore, he went on to talk about what he liked the most about
the platform WFIS, "I am really surprised and impressed by the
turnout and professionalism of the whole setup and excited to see
so many people from the industry in Vietnam. It seems like a very
high-quality international event and I am thankful to Tradepass for
hosting this in Hanoi."
The event witnessed a magnificent lineup of thought leaders from
Vietnam's top-notch banks, financial institutions, and technology
companies. Even Southeast Asia's very first fintech to win a
digital banking license, UNObank was seen participating in a very
insightful fireside chat on MSME Banking.
Its Chairman, Kalidas Ghose even elucidated on the bank's
remarkable journey, he expressed, "So, the journey has obviously
been very encouraging and motivating to look at. First of all, we
found that with modern technology you can establish a fully
compliant bank in a relatively short span of time. But what is more
interesting is that the UNObanking model is purely digital so we do
not have any physical presence like branches or ATMs. While on one
hand that can act as a constraint on the other it can really open
up a huge world of opportunities for reaching out to a larger
audience of customers."
Talking in numbers, he further stated, "We have been able to
acquire close to 1.5 million customers in less than 15 months' time
and this has been possible because of the strong partnerships but
also very efficient organic channels through which we acquire
customers"
The attendees were spoilt for choice as they got a splendid
opportunity to explore a wide array of fintech solutions from top
technology giants like AWS, VinBigdata, Oracle, Coreium, iProov and
many others.
All in all, the two-days at WFIS 2024 - Vietnam gave a glimpse of
the country's progressive future and its vibrant financial sector
that's poised to undertake the latest tech advancements. The
participating financial institutions received some eye-opening
intel and evaluated cutting-edge products and strategies for
enhanced delivery of their services.
For more information about the event, log on to:
https://vietnam.worldfis.com/
About Tradepass
Providing access to the global emerging markets, Tradepass brings
together people, products and solutions to power events for
unparalleled business and networking opportunities. Being the most
accredited event company, it helps organizations: enter new
markets, grow sales pipeline, close prospects, raise capital and
identify the right solution-providers.
As a deal facilitator, Tradepass is always determined about
exposing the most agile liquid growth markets, to enable all-round
scalability and growth.
Media contact:
Shrinkhal Sharad
PR & Communication Lead
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass
Source: Tradepass
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