{"id":26721,"date":"2017-07-19T06:13:18","date_gmt":"2017-07-18T22:13:18","guid":{"rendered":"\/en\/?p=26721"},"modified":"2023-07-20T17:03:56","modified_gmt":"2023-07-20T09:03:56","slug":"digital-revolution-financial-services","status":"publish","type":"post","link":"https:\/\/www.forcs.com\/en\/digital-revolution-financial-services\/","title":{"rendered":"FinTech Conference 2017 &#8211; The Digital Revolution"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#ecefef;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1185.6px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-1\"><h1 class=\"h1\" style=\"text-align: center; margin-bottom: 0.8rem;\">FinTech Conference 2017 \u2013 The Digital Revolution<\/h1>\n<\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:100% !important;margin-top : 25px;margin-bottom : 25px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:768px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;order : 0;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 0px;margin-top : 3.5rem;padding-right : 0px;padding-bottom : 0px;margin-bottom : 4.5rem;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#ecefef;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_3_4 3_4 fusion-three-fourth fusion-column-first\" style=\"width:74%; margin-right: 4%;margin-top:0px;margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-2\"><p><strong>Over 120 professionals from the Financial industry turned up for our FinTech Conference 2017!<\/strong><\/p>\n<p><span class=\"fusion-dropcap dropcap\">L<\/span>ast Friday, FinTech experts and guests from major financial institutions gathered at The Fullerton Hotel Singapore for our annual FinTech conference, The Digital Revolution in Financial Services. It was a great success for this much-anticipated event of the year as the queue for registration starts to form at around 11:45am. This is just the second year we have organized a FinTech conference, and we have received an overwhelming response as many professionals from the financial industry have signed up.<\/p>\n<p>We welcomed guests at the registration counter with a digital greeting system; this relates to customer&#8217;s experience of visiting a bank. Rather than the conventional paper badges, we decided that our digital greeting card is the best way to speed up the entire registration process. Guests just need to key in their name or email address and a personalized digital greeting card would be sent with their photo (taken using the camera feature) to their email with the conference agenda.<\/p>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/MNS25BtyduI\" width=\"600\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><img class=\"alignnone wp-image-26750 size-dv-team-rectangle\" src=\"\/en\/wp-content\/uploads\/2017\/07\/registration-600x400.jpg\" alt=\"Registration at FORCS FinTech Conference 2017 \" width=\"600\" height=\"400\" \/><\/p>\n<p><img class=\"alignnone wp-image-26752 size-dv-team-square\" src=\"\/en\/wp-content\/uploads\/2017\/07\/registration-3-600x534.jpg\" alt=\"Registration via tablet at FORCS FinTech Conference 2017\" width=\"600\" height=\"534\" \/><\/p>\n<p><img class=\"alignnone wp-image-26751 size-dv-team-rectangle\" src=\"\/en\/wp-content\/uploads\/2017\/07\/registration-2-600x400.jpg\" alt=\"Guests registering at FORCS FinTech Conference 2017 \" width=\"600\" height=\"400\" \/><\/p>\n<p><img class=\"alignnone wp-image-26727 size-dv-team-rectangle\" src=\"\/en\/wp-content\/uploads\/2017\/07\/forcs-fintech-conference-2017-1-600x400.jpg\" alt=\"Guests seated at the ballroom, FORCS FinTech Conference 2017\" width=\"600\" height=\"400\" \/><\/p>\n<p>Lunch was served in the foyer, while guests were having lunch, they get to see the newest digital banking technologies our partners are offering.<\/p>\n<p>Samsung SDS showcased Nexsign, a PKI \u2013based authentication solution using biometrics and secure storage to enable easy and secure user authentication on smart devices. Looking at the technological threats we are exposed to daily, this is especially crucial for financial institutions.<br \/>\n<img class=\"alignnone wp-image-26754 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/samsung-sds-booth-300x200.jpg\" alt=\"Samsung SDS Nexsign at FinTech Conference 2017 \" width=\"300\" height=\"200\" \/><img class=\"alignnone wp-image-26755 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/samsung-sds-booth-2-300x200.jpg\" alt=\"Showcase of Samsung SDS Nexsign solution to guests\" width=\"300\" height=\"200\" \/><\/p>\n<p>Wacom displayed their business solutions devices such as the signature pads, pen displays, and mobile signature solution; enhancing digital banking processes and improving the effectiveness of visual communications.<br \/>\n<img class=\"alignnone wp-image-26759 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/wacom-300x200.jpg\" alt=\"Wacom Business Solutions at FORCS FinTech Conference 2017 \" width=\"300\" height=\"200\" \/><img class=\"alignnone wp-image-26760 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/wacom-2-300x200.jpg\" alt=\"Showcase of Wacom Business Solutions\" width=\"300\" height=\"200\" \/><\/p>\n<p>Tripath, an innovative start-up in Korea, showcased their mirroring solution from desktop to tablet and vice versa. The amazing thing is, mirroring can be performed even if the provider and customers are miles apart.<br \/>\n<img class=\"alignnone wp-image-26758 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/tripath-300x200.jpg\" alt=\" Tripath booth at FORCS FinTech Conference 2017\" width=\"300\" height=\"200\" \/><img class=\"alignnone wp-image-26762 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/tripath-2-300x200.jpg\" alt=\"Tripath showcases their solutions to visitors\" width=\"300\" height=\"200\" \/><\/p>\n<p>The conference started with the opening and welcome speech delivered by Mr Mickey Park, Vice President of Global Sales, FORCS. Mr Mickey Park gave an introduction of FORCS, followed by the session \u201cThe Digital Revolution in Financial Technologies\u201d. Alongside with Mr Collin Koh, Channel Sales Manager of FORCS, they demonstrated the technologies behind building the Tablet Branch Banking System. The Tablet Branch Banking System enables financial institutions to extend their financial services greatly, allowing sales personnel to reach out to customers by going to their workplace or home at their convenience.<\/p>\n<p><img class=\"alignnone wp-image-26748 size-dv-team-rectangle\" src=\"\/en\/wp-content\/uploads\/2017\/07\/mickey-opening-3-600x400.jpg\" alt=\"Mickey Park, Vice-President of Global Sales, giving the opening speech\" width=\"600\" height=\"400\" \/><\/p>\n<p><img class=\"alignnone wp-image-26746 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/mickey-opening-300x191.jpg\" alt=\"Mickey Park, Vice-president of Global Sales, FORCS\" width=\"300\" height=\"191\" \/><img class=\"alignnone wp-image-26745 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/mickey-collin-300x200.jpg\" alt=\"Demo of Smart e-Form at FORCS FinTech Conference 2017\" width=\"300\" height=\"200\" \/><\/p>\n<p><img class=\"alignnone wp-image-26749 size-dv-team-rectangle\" src=\"\/en\/wp-content\/uploads\/2017\/07\/mickey-opening-4-600x400.jpg\" alt=\"Guests participating in FORCS FinTech Conference 2017 \" width=\"600\" height=\"400\" \/><\/p>\n<p>Next, Miss Jin Lee, Sales Director of Samsung SDS, shared with guests an overview of issues financial institutions are facing currently. The findings reveal that financial institutions are facing pressure to reduce fraud risk, thus they need solutions to enhance security and improve convenience. With the integration of Nexsign into mobile banking services, customers can register biometric information on their bank-issued devices and perform transactions securely, all without having to visit a branch. Biometric identification could be by thumbprint, iris, or voice recognition.<\/p>\n<p><img class=\"alignnone wp-image-26756 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/samsung-sds-jin-lee-300x200.jpg\" alt=\"Jin Lee, Sales Director Samsung SDS, presenting on stage\" width=\"300\" height=\"200\" \/><img class=\"alignnone wp-image-26757 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/samsung-sds-jin-lee-2-300x200.jpg\" alt=\" Jin Lee showcasing Samsung SDS solutions\" width=\"300\" height=\"200\" \/><\/p>\n<p>Mr Anmol Singh, Principal Research Analyst at Gartner, shared with our guests on the top trends and emerging threats faced by financial institutions in 2017. We learned that financial fraud detection is failing as 60% of the users reuse passwords across multiple sites, and 90% of the sites with login pages experienced bot attacks in 2016. The solution would be to build trust through authentication, identity proofing, strengthen fraud detection, and behavioral analytics.<\/p>\n<p><img class=\"alignnone wp-image-26735 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/gartner-300x204.jpg\" alt=\"Anmol Singh, Principal Research of Analyst Gartner, presenting\" width=\"300\" height=\"204\" \/><img class=\"alignnone wp-image-26736 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/gartner-2-300x200.jpg\" alt=\"Anmol Singh, Principal Research Analyst of Gartner\" width=\"300\" height=\"200\" \/><\/p>\n<p>After the tea break, Mr Lee Haesoo, Deputy Department Manager of Busan Bank shared his experience of digitizing conventional financial services in Korea. Busan Bank is one of the leading banks in Korea, providing personal and corporate banking services to customers domestically and internationally. Mr Lee shared on the changes in transforming banking channels in Busan Bank, distinguished by \u201cface-to-face\u201d and \u201cnon-face-to-face\u201d. Banking processes were improved at the teller counter, a \u201cface-to-face\u201d channel; paper forms were converted to digital ones to speed up the process of serving customers. As for the \u201cnon-face-to-face\u201d channel, Busan Bank upgraded banking channels such as internet and mobile banking by increasing the number of \u201cSmart ATM\u201d. Biometric technologies are also implemented to ensure a safe and secure digital banking experience for all customers<\/p>\n<p>.<img class=\"alignnone wp-image-26742 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/lee-haesoo-busan-bank-300x200.jpg\" alt=\"Lee Haesoo, Deputy Department Manager of Busan Bank\" width=\"300\" height=\"200\" \/><img class=\"alignnone wp-image-26743 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/lee-haesoo-busan-bank-2-300x200.jpg\" alt=\"Lee Haesoo sharing with guests on the solutions implemented by FORCS\" width=\"300\" height=\"200\" \/><\/p>\n<p>Lastly, Mr Hung Tran, Vice Director of Financial Services Group of FPT Software shared how they have implemented FinTech successfully for their customers. Mr Hung Tran presented the entire concept of how a FinTech project will take place upon receiving a request from a customer. He presented 6 common cases they have implemented for financial institutions such as the Digital Advisor PoC(Chatbot), Digital Mortgage on Mobile, Stock Trend Prediction, Customer Intimacy 360 Dashboard, Blockchain Poc, and Facial Recognition for Insurance Agents.<\/p>\n<p><img class=\"alignnone wp-image-26768 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/hung-tran-fpt-software-1-300x200.jpg\" alt=\"Hung Tran, Vice Director of FPT Software\" width=\"300\" height=\"200\" \/><img class=\"alignnone wp-image-26741 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/hung-tran-fpt-software-300x200.jpg\" alt=\"Hung Tran showcasing services by FPT Software\" width=\"300\" height=\"200\" \/><\/p>\n<p>We ended the conference with the lucky draw. Mr Mike Choi, Sales Director of Samsung SDS was invited on stage to pick a lucky winner for the sponsored Samsung Galaxy Tab S3. The conference ended on a high note with all aspects of the implementation of digital financial services covered. We sincerely thank all guests who have joined us. If you have missed our conference, we have arranged for a webinar this coming <strong>Wednesday, 26 July 2017 from 11am to 12pm.<\/strong><\/p>\n<p><img class=\"alignnone wp-image-26744 size-dv-team-rectangle\" src=\"\/en\/wp-content\/uploads\/2017\/07\/lucky-draw-600x400.jpg\" alt=\"Mike Choi, Sales Director of Samsung SDS, presenting lucky draw gift\" width=\"600\" height=\"400\" \/><\/p>\n<p><img class=\"alignnone wp-image-26738 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/happy-faces-300x200.jpg\" alt=\"Guests at The Digital Revolution, FORCS FinTech Conference 2017\" width=\"300\" height=\"200\" \/><img class=\"alignnone wp-image-26740 size-medium\" src=\"\/en\/wp-content\/uploads\/2017\/07\/happy-faces-3-300x200.jpg\" alt=\"More guests at The Digital Revolution, FORCS FinTech Conference 2017\" width=\"300\" height=\"200\" \/><\/p>\n<p><img class=\"alignnone wp-image-26734 size-dv-team-rectangle\" src=\"\/en\/wp-content\/uploads\/2017\/07\/forcs-fintech-group-600x400.jpg\" alt=\"Group photo of The Digital Revolution team at FORCS FinTech Conference 2017 \" width=\"600\" height=\"400\" \/><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_4 1_4 fusion-one-fourth fusion-column-last\" style=\"width:22%;margin-top:25px;margin-bottom:25px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><\/span><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":29181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[72,54,73,74,75],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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