TFT Interview: Kelvin Tan | audax | Embedded Finance Future скачать в хорошем качестве

TFT Interview: Kelvin Tan | audax | Embedded Finance Future

Summary In this conversation, Mark Walker speaks with Kelvin Tan, CEO of audax Financial Technology, about the evolution of embedded finance and the future of digital banking. They discuss the current state of banking as a service, the role of banks as custodians of data, and the need for banks to modernize their infrastructure and mindset. Kelvin emphasizes the importance of data in driving new business models and the potential of stable coins as a new payment rail. The conversation also touches on regional differences in banking transformation and the future trends that will shape the financial landscape. Takeaways Embedded finance is still in its infancy, with much potential ahead. Banks must evolve to become data mediators, not just balance sheet providers. The next five years are critical for banks to modernize their systems. AI will enhance productivity but is not the sole focus of future banking. Stable coins could revolutionize payment systems in the coming years. Singapore is a leader in driving fintech innovation in Southeast Asia. The fragmentation in Asia presents both challenges and opportunities for banks. Data analytics will play a crucial role in understanding customer needs. Banks need to rethink their revenue models to include data monetization. The evolution of payment interoperability is accelerating in the region.