The position of banks in the transaction space – Payments as a commodity? No way!

Closing Panel


From Boardroom to Execution:  Capitalizing, optimizing and translating value of investments made in innovation

Now more than ever before, the correct investments made in technology and innovation have serious and material implications to the long-term success of a business.  Missing opportunities to capitalize on new technology to enhance capabilities, product and services could result in lost market share, reduced ability to participate in upside gains of new business models, and in worst case extinction altogether.  

In the case for banks, who are on the front lines of digital disruption, the move towards a distributed economy has introduced innovative 3rd parties and Fintech that are providing superior experiences, products and services for customers.  The transaction space which has traditionally been a staple revenue stream is now being threatened by players in the P2P and distributed ecosystem where efficiencies have the potential to reduce payments to a commodity.  Institutions who are able to reimagine their business models, maximize investments in technology, and evolve their business effectively to harness the current innovation cycle will determine the next generation’s winners and losers.

Topics Outline:  

  • Customer adoption trends of digital payments and viewpoints on movement towards a cashless society
  • What critical investments need to be made to remain competitive in the transaction space (Technology, Processes, People, & Partnerships)
  • How to effectively drive and translate the expected value (top and bottom line) of innovation projects – who is doing this well
  • Vision of the future and how the Payments space will evolve (e.g., banks, near banks, and  non banks)

Join this panel discussion led by Tyrone Canaday from Protiviti, and together with Dr. Srini V. Srinivasan from Aerospike and Sam Tanskul from Krungsri Finnovate.


  • GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Register early for GPS 2018 - first time in KL in special collaboration with Payments Network Malaysia! https://t.co/6Xg6RfhNbV 13 hours ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Announcing GPS 2018 Kuala Lumpur on 19-20 September in a special collaboration with Payments Network Malaysia as co… https://t.co/MPvTfA1G87 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Banks rush to turn Japan Cashless ... Finally a ramen without fumbling for coins! #openbanking #cashless #waroncash #Japan 7 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Singtel announces plans for pan-Asian mobile wallet https://t.co/2vXRkqKRhW via @PaymentsCardsM 7 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Pay with Nets app on a phone from October; more QR code payment, tap and pay options for Nets soon https://t.co/2KWfEmtq0D 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Bringing digital currencies to the masses, making everyone #crptofit @julianhosp @tenxwallet #cryptocurrencyhttps://t.co/W7owl80g2E 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Nicki @CardUp_sg on new way to do #cards #cashback https://t.co/UDtJMGvENj 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Panel debate "The relentless internet and change driving Asia" Tyrone @Protiviti @nasav @aerospikedb Sam #krungsri https://t.co/loaIo8o3Wi 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Evolution themes on future of #payments - great sum up by Tyrone @Protiviti https://t.co/M6yLNIKhEK 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Discussing #blockchain at gps2k17. Is this the ultimate cure all? Religion? With DavidLee, Nick #identitii and Boon… https://t.co/MXOlSuXvpt 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @AlStuart6: Grab's growth and mission across Southeast Asia @GrabSG @GlobalPaySummit #GlobalPaymentSummit2017 https://t.co/FlhDfPfFQp 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit @IndoAxs2Finance Pak Iwan #BTPN speaking with Isaku #Worldbank and Budi of Midtrans to a packed audience at GPS https://t.co/jPyJfQqG4H 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @aveekshith: At the @GlobalPaySummit, Srini talking about how @aerospikedb is helping customers in the payment space #aerospike https://… 1 month ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Panel discussion with regulators from Singapore Thailand Lebanon Malaysia #gps2k17 https://t.co/R9eUE5BFM0 1 month ago
  • Also interesting
    PayNet Group & Global Payment Summit 2018 - MOU Signing
    Written on 21 May '18 by
    READ MORE
    GPS 2018 - Announcing Payments Network Malaysia as Co-host
    Written on 2 May '18 by
    READ MORE
    Changing the Payment Card Industry: Towards efficiency, transparency and more competition ( BNM Case Study )
    Written on 15 August '17 by
    READ MORE
  • Speakers 2016