FinacleConnect - Voice from the desk

Welcome to 2008 and to the latest edition of FinacleConnect. Keeping with the spirit of the New Year, in this edition of FinacleConnect we continue our effort to offer fresh perspectives on the latest business and technology trends impacting the world of banking.

There is no doubt today that with increasing globalization, and a mobile workforce, demographic diversity within local regions is here to stay. Not only does this trend have strong implications on the savings behaviour of customers, it also impacts banks’ strategies. The cover story in this edition of FinacleConnect looks at this all important topic of how changing demographics is impacting the banking industry. This article discusses the challenges presented by the demographic transition witnessed in the Asia-Pacific region and suggests opportunity-led strategies for banks. Importantly, it suggests that the lessons

learnt in one region can appropriately be applied to other regions as well. Kaleidoscope this time pans across the Southeast Asian banking industry, one decade after the financial crisis of the late nineties that wrecked havoc on the economies of many countries in the region. We also talk to Elsie Foh & David Malligan, at DBS Bank, Singapore, where they present their views on the latest challenges faced by the banking industry in the region. Additionally, they provide interesting insights into the key technology strategies being adopted by DBS Bank.

The feature article, in this edition of FinacleConnect, presents leading financial research firm, Financial Insights’ view about the importance of Enterprise Data Management (EDM) for banks.There is an undeniable need for EDM in banks today, says Financial Insights.“With EDM seen to help banks along in several top technology initiatives,
 
 

 

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