Banking on cloud and digitalisation

Tan: “Adopting cloud-based core banking systems enables banks to respond swiftly and efficiently to changing regulations."

IN the race to transform the banking industry, especially in light of the journey up the value chain, much has been said and done about how the industry is adopting digitalisation in its approach.

This is especially relevant considering the government’s move last year to award digital banking licences to five successful applicants, paving the way for the automation process to take place on a much larger scale throughout the sector.