NTT DATA on the Role of Innovation in the New Normal Banking at 31st BAIPHIL Convention
Philippines - May 20, 2021 – NTT DATA, a global digital business and IT services leader, sponsored the 31st BAIPHIL Virtual Convention with the theme “Responsive & Sustainable Banking in the New Normal.” The three-day convention marked the Bankers Institute of the Philippines’ (BAIPHIL) 80th year anniversary and was attended by over 250 key executive bankers and decision makers across 80 organizations.
In line with NTT DATA’s goals to lead innovation and digital banking in Asia Pacific, NTT DATA Philippines shared the role of innovation in the New Normal and how banks can embrace the digital revolution in banking.
By focusing on transforming the core of their business and leading it into the digital age, banks can become more customer-centric and enhance the value of their products. Customers expect a digital front-end experience from their long-term banks, so offering their customers high-quality web and mobile sites and apps within the current brand allows banks to defend and grow their existing value proposition and sets the scene for improved customer experience and new distribution models.
“We wanted a way for banks to execute on both sides of their digital transformation simultaneously – accelerating digitalization of the existing brand as well as launching new digital propositions that help them compete with digital disruptors. As a matter of priority, we also wanted to address time-to-market. Banks can and should create new digital businesses where the proposition stands up to scrutiny, but they shouldn’t and needn’t be burdened with long delivery times which are costly and risky,” Spencer Chiu, the Solutions Consulting Lead at NTT DATA Philippines, shared during the session.
NTT DATA’s Banking and Financial Service practice leverages deep industry expertise to provide the insights, solutions, and outcomes you need to succeed across all lines of financial services. We work with you to reduce IT complexity and increase customer centricity as a way of doing business.
The robust digital banking ecosystem and platform of NTT DATA contains solutions to modernize Digital Core Banking, Risk, Regulatory and Compliance, Loan and Credit Operations, Trade and Capital Market, Payments, and Transaction Banking.
The Digital Transformation Services of NTT DATA applies innovative business methodologies to focus on ‘how’ in addition to ‘what’ to evolve the business thinking in the future banking products and services.
"Digital transformation is a fundamental reality for businesses today. Banks have to upgrade themselves responding to customer behavior by using digital technology.
With NTT DATA, Our global network of professionals helps some of the world’s leading banks successfully navigate big transformation challenges each day. Taking a customized approach to help position our bank clients for ongoing evolution. We have a strong track record of results on digital transformation, and we can help you start unlocking value that matters for the future of banking." said Songphot V (Jimmy), Head of Regional Banking and Center of Excellence, NTT DATA Asia Pacific Ptd. Ltd.
Since 1941, the Bankers Institute of the Philippines (BAIPHIL) has been the leading institute that supports the banking industry in advocating good governance and productivity enhancement. It is a non-stock, non-profit corporation primarily with the goal of increasing the efficiency and uniformity in bank accounting, auditing, and operations among banks. BAIPHIL is a member of the Asian-Pacific Association of Banking Institutes (APABI). https://baiphil.org/
About NTT DATA
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, digital & IT modernization, and managed services. NTT DATA enables them, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries around the globe. Visit us at nttdata.com.
NTT DATA Philippines