Convenience owns up 90% of a customer’s loyalty. Trends toward mobile banking, increased accurate analytics and decentralisation of access will create opportunities for all to interact in unprecedented ways. The combination of the rapid pace of innovation in financial services in developing and emerging countries, is a unique opportunity to resolve some of the most intractable challenges of financial inclusion and reach consumers with high quality financial services.
Various FinTech themes that possess untapped potential to advance financial inclusion are being explored across the AFI network including Blockchain, KYC, AML, Big-Data, Cloud Computing and RegTech to enhance compliance with global standards for financial stability and integrity and domestic supervisory. Looking further, the changes could be even more profound. The ways that we digitally manage our personal information could well come to completely redefine the human digital experience.
In the short term, new solutions are likely to move us towards the promise of a single Digital ID that allows us to simply, safely and securely navigate a connected world. At the same time act as a robust login tool for any and every online digital service we chose. Furthermore, the promise is that it could do all of this whilst affording more privacy to an individual than is currently the case.
The Digital Onboarding and Banking Experience, Virtual Summit aims to discuss these latest technologies, bring together the key decision makers and focused networking opportunity for the Industry leaders and tech providers to champion best practices and revolutionise the BFSI forever.
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