Tech On Mic discusses the latest tech topics in APAC that have captured our imagination; experts’ views on businesses’ strategy, technology, women in tech, and innovation. Each episode interviews professional guest speakers that are passionate about the technology trends that are reshaping the corporate world, with the aims covering all sorts of enterprise IT subjects.
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Why payment modernization needs to be the focus on BFSI Transformation
Do you know that payments represent 80% of all interactions? Yet, it is also the most vulnerable spot of the banking chain system. In the changing time, with the rapid growth of digital payments from new market entrants – the rising star called fintech, how can banks compete in payments?
In this episode “Why payment modernization needs to be the focus on BFSI Transformation”, Hanh Ngo – Product Owner of KMS Solutions – will analyze the continuous changing of customer behaviors and demands, traditional payments with OTP thefts’ threads in #Banking
◾️ Market situation, potential, and risks where customer behaviors and demands are changing
◾️ Comparing the traditional payments that banks already have vs new transformation payments adoption
◾️ Embrace alternative payments, delivering technology change while maintaining security and stability
◾️ Understanding the threads – fortify the system and requirements in Payment Services: ways to guard against bank accounts – OTP theft