Asian banks need to out-innovate with open source to stay competitive


  • TECH
  • Tuesday, 01 Apr 2014

BANKING SECTOR CHALLENGE: Hong Kong's central financial district's (l-r) Bank of China Tower, Cheung Kong Centre, HSBC headquarters, Standard Chartered Bank and Legislative Council. Some hot markets for core modernisation include Malaysia, Singapore, Australia, Taiwan, and Hong Kong, said IDC in the 2014 predictions report. — Reuters

2014 looks to be an eventful year for the financial services industry. 

In a business environment strongly tied to compliancy and regulatory changes, increased customer Turnover, and the ever-present need for increased efficiency at lower cost, the most successful financial institutions in 2014 will be those that can navigate all these challenges and still deliver an innovative, multi-channel experience to customers. 

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