The global Pandemic is into its 3rd year with continuing disruption to business, banking and society. Whilst many countries are preparing to live with Covid as an endemic, other nations are grappling with the spike in Omicron cases. These have caused uncertainty to business and economies. The Banking industry is not spared. Banks play a critical role in national economic recovery. Banking recovery will help accelerate economic recovery and enable banks to be more supportive of industries particularly small and medium enterprises (SMEs).
Going forward, Banks need to be future proof and future ready to cope with economic, technological and societal disruptions. The impact of technology, disruption and transformation requires Banks to be more adaptive and responsive to these challenges and changes. Talent, technology and operational excellence will drive the future competitiveness of Banks. Digitization and digital banks will shape the future landscape of the Banking industry.
The 2022 Malaysian Banking and Finance Summit is a high-level Forum bringing together senior bankers, technology experts and senior consultants to share their insights and knowledge on the future of Banking. The Summit will provide a timely opportunity to discuss the role of Banks in National Economic Recovery and the post Pandemic challenges facing Banks.
Welcome Speech by Chairman, Advisory Council, The Economic Club of Kuala Lumpur, Tan Sri Abdul Wahid Omar. Keynote Address by YB Dato’ Sri Mustapa bin Mohamed Minister in the Prime Minister’s Department (Economy).
Banks have transformed themselves over the past several years to keep abreast of global trends, domestic challenges, technology and innovation. How can Banks meet and address future VUCA challenges (Volatile, Uncertain, Complex and Ambiguous? Transformational leadership is a key success factor for successful change. What are other key success factors?
Banks need to be future ready to gear up for intense future competition. To be future ready Banks need to scale up technology and innovation as well as attract, return and grow their talent. Technology and talent management present new challenges.
Digital Banks will be game changers in Malaysia’s Banking landscape as it will increase competition with traditional Banks. How will new digital Banks compete with traditional Banks? Digital Banks will enhance financial inclusion by serving the underserved. What are the trends, risks and opportunities in digital banking?
Sustainability is the new key word in Banking as Banks and Corporates place greater focus and emphasis on ESGs. Banks can help achieve the SDG agenda through sustainable Banking practices. What can Banks do to address the sustainability challenge and take initiatives in climate action?