APAC: Evolve or be extinct

Banks in Asia Pacific (APAC) are leading the world in their investment in technologies such as big data, machine learning and blockchain as they prepare for a new type of relationship with customers. Our new global research shows that banks across APAC are pursuing new approaches to innovation in a scramble to stay relevant in the wake of the Covid-19 pandemic.

Download the APAC report

Among the 500 global senior banking leaders interviewed, one group of digitally advanced companies emerged who are bucking the trend and outperforming competitors.

So, what are they getting right? Read the full report on the evolution of banking: Evolve or be extinct. Why banks must redesign their role within society.

Banking revolution in real time

The social and economic impact of Covid-19 has changed customer behaviour and has made the digitisation of banking a profit-driven priority. Steady digital transformation has turned into an immediate business concern that is threatening to upend traditional banks. Transformation is now business critical, and the new survey by FT Focus reflect this shift.

Among the respondents one group of digitally advanced companies is bucking the trend. These ‘evolvers’ are taking an innovative approach to implementing a digital strategy and transforming their business processes, and their shared features may help those who want to catch up but are not sure where to start.

The future is here

67%

of senior bank executives believe they will lose market share within 2 years if they don’t digitise.

58%

of all respondents think their banks will cease to exist in the next 5 to 10 years if they don’t change their business model.

Evolve or be extinct

Read the full report on the evolution of banking. Evolve or be extinct. Why banks must redesign their role within society.

Download the report

Virtual event

The Banking Revolution

Join us to be inspired and ready for the next stage of the banking revolution. Featuring global innovators, policy makers, thought leaders, and senior executives from the banking and financial ecosystem. Register now for your free pass.

Time to act

Competition is growing, and while many banks have been complacent and lag behind on their digitisation strategies, nimble evolvers are quickly increasing their market share.

As a true SaaS banking platform Mambu is uniquely positioned to activate your digital transformation strategy and help you thrive into the future. If you can dream it, we can help you build it.