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Event Details
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IDC Business Transformation
in Financial Services 2005
Are You Ready for the Evolution?
Conference
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22 July 2005
The Leela Kempinski, Mumbai |
Hurry!! The first 100
registrants will receive a FREE one-year subscription each of Businessworld,
India's leading business weekly, compliments of IDC and Financial
Insights |
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| Anticipating
the Winds of Change in Asia |
| Market
conditions are favouring the Asia/Pacific financial
services industry. Financial Insights predicts
significant growth in key financial sectors like wealth
management, retail banking, private banking, and
corporate banking. Sentiment is high, prospects look
good, and there is a sense of optimism within the
industry.
However, regulators and central banks in almost every
country are more wary and savvy from the bruises of the
late '90s. They are also tightening regulations and
increasing the cost of financial governance in almost
all sectors. At the same time, customers are becoming
more sophisticated and demanding distinct product
differentiation for their specific needs.
Year 2005 will see clear delineations between the
leaders and followers, based on how the players utilize
people, technology and resources, as well as anticipate
changes. So how will players survive and, more
importantly, thrive in this environment?
Financial institutions realize that gone are the days
where competing on price and product innovation kept
them ahead. They need to innovate on traditional
products beyond pricing, and explore new areas like
wealth management, consumer finance, and bancassurance.
To drive these products, heavy investments are needed in
people, channels, technology and processes for a
competitive edge.
Faced with thinning costs and lower margins, banks need
to refresh tired technology infrastructures and rework
business processes.
As financial organizations do more with less, effective
risk management strategies will also need to be
implemented to ensure the high quality and integrity of
financial services demanded by customers and government
regulators. Compliance issues related to Basel II norms
and anti-money laundering legislation are also among the
many 'hot' issues that every serious player will need to
grapple with
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| Why You Must
Attend |
IDC's Financial
Insights conferences are devised to create an unbiased
platform for debate that will yield 'actionable' ideas
for the financial services industry. Informative and
delivered by financial industry practitioners who have
hands-on experience in the financial industry, the
conference will also allow participants to discuss
current and pressing issues like:
- Global trends in banking IT infrastructure
- Core technology systems that are compatible with
new business requirements
- Multi-channel distribution strategies
Processing multiple payment types
- Handling performance management
- Effective and selective outsourcing
Operations excellence
- Robust risk management strategies
Anti-money laundering
- Customer relationship management
- Compliance issues and the new Basel II accord
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| Benefits of
Attendance include: |
- Learn from financial industry practitioners who
have hands-on experience in the financial industry,
to gain practical insights into the trends as well
as risks of the current financial climate
- Online access to copies of all presentations,
after the event
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| Event Take-aways
for Delegates |
- Which top-line initiatives should banks look at?
- Should financial institutions consider outsourcing
and how should they go about it?
- How should financial institutions achieve
execution excellence in change management, and
implement strategic initiatives?
- How should financial institutions prioritize their
technology projects?
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