Money20/20 Asia 2024: A Deep Dive into Fintech Trends and Strategies

Money20/20 Asia 2024 in Bangkok has featured insightful sessions, keynotes, and announcements, highlighting fintech innovation, collaboration, and strategies for financial inclusion and fraud prevention.

24 April 2024 – Money20/20 Asia 2024, the premier event in the fintech calendar, is currently unfolding in Bangkok, Thailand, from April 23rd to April 25th. This highly anticipated three-day event has drawn industry leaders, innovators, and stakeholders from around the globe to explore the latest trends, challenges, and opportunities in the rapidly evolving fintech landscape.

The first two days of Money20/20 Asia 2024 have been marked by a series of insightful sessions, keynote speeches, and strategic announcements, shedding light on the most pressing issues facing the industry today. Here’s a detailed look at the highlights from the event’s initial days:

Day One: The event commenced with a keynote address by Daranee Saeju, Assistant Governor of the Bank of Thailand, who outlined the bank’s innovative strides in digital finance. Saeju emphasized the importance of collaboration and shared the bank’s objectives of productivity, inclusivity, and immunity in fostering sustainable growth across Asia.

Following Saeju’s address, Justin Lie, Founder and CEO of SHIELD, took the stage to discuss the significance of trust and collaboration in combating fraud in the digital age. Lie announced a partnership with Money20/20 to host the Trust Summit, aimed at uniting industry leaders in a collective effort to combat fraudulent activities and promote collaboration.

Chetna Gala Sinha, Founder & Chairperson of Mann Deshi Bank, shared her insights on championing financial inclusion in the Asian fintech landscape. Sinha stressed the importance of safe and secure technological solutions in empowering underserved communities, particularly in rural areas.

The day concluded with a panel discussion on MUFG’s strategy for fintech integration, featuring Masakazu Osawa, Managing Executive Officer & Chief Executive for Asia Pacific at MUFG Bank. Osawa highlighted the importance of a paradigm shift in business models to stay relevant in the ever-changing fintech ecosystem.

Day Two: The second day of Money20/20 Asia 2024 saw further discussions on empowering small businesses, strategies for consumer financial resilience, and redefining lending in Thailand. Charles Li, Founder and Chairman of Micro Connect, discussed innovative approaches for micro and small businesses, emphasizing the need for investments in daily revenues.

Sean Ringsted, Chief Digital Business Officer at Chubb, highlighted the importance of understanding customer pain points in ensuring consumer financial resilience. Ringsted emphasized the need to provide value back to customers to improve trust and resilience in the financial sector.

Sirinun Jiradilok, Managing Director of MoneyDD, discussed the trends of technology in lending and the benefits of digital lending for customers in Thailand. Jiradilok stressed the importance of educating customers about the advantages of digital lending solutions.

Kattiya Indaravijaya, CEO of KASIKORNBANK, shared insights into the bank’s focus on financial inclusion and combating fraudulent activities. Indaravijaya discussed the rise in digital transactions and the bank’s efforts to protect customer money and accounts.

The day wrapped up with a session on protecting customers from fraud, led by Nikhil Jois, Head of Growth at Bureau Inc. Jois discussed the importance of safeguarding the customer lifecycle from fraud and providing actionable insights to fraud and risk teams.

As Money20/20 Asia 2024 enters its final day, attendees can look forward to more engaging discussions, strategic partnerships, and innovative solutions aimed at shaping the future of finance in Asia and beyond.

Author: Terry KS

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