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BANKING TECHNOLOGY, CARDS & PAYMENTS | Staff Reporter, Hong Kong
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Jason Ekberg of Oliver Wyman to grace the 2019 ABF Digital Payments Summit

He will share how to compete across the payments industry amidst its digital shift.

Jason Ekberg is a partner and the head of corporate and institutional banking (CIB) practice at Oliver Wyman. With over 20 years of experience, Jason has worked on projects across all major financial centres globally and 30 separate countries, with specific Asia expertise in Greater China and Southeast Asia. Prior to Oliver Wyman, he worked with JP Morgan, Citibank, IBM and Royal Dutch Shell. Ekberg holds an MBA from Purdue University and a BBA from the University of Texas. He completed executive education at Harvard Business School.

Asian Banking & Finance reached out to Oliver Wyman for a glimpse of Ekberg’s discussion at the Digital Payments Summit.

What are Jason Ekberg’s previous experiences and positions that contributed to who he is as a banker/expert today?

Within CIB, he focuses on advising senior management, investors and regulators on a range of topics, spanning business strategy, transformation topics and digital innovation. Recently, he led the multi-year digital transformation of the wholesale banking sales force for SEA bank. He also completed the multi-year P2P supply chain finance platform build for the top 3 players in China, including IPO support. His recent published reports include “Time for Marketplace Lending: Addressing Indonesia's Missing Middle” and “Future of Asian Banking: Crouching Tigers.”

Can you give us a glimpse of what Jason will share at the ABF Digital Payments Summit 2019?

Jason will talk about the rise of emerging payment competitors in addressing cross-border challenges.

  • APAC is the strongest growth engine for global payment revenues and is reaching ~$100b, with 1/3 volume estimated to shift to disruptive models by 2025.
  • Cross-border payments are at the heart of this growth, but are still facing numerous challenges from both supply (payment providers) and demand (payment users) ends.
  • A number of forces are converging and have immense potential to overcome conventional challenges, and putting a significant share of incumbent revenues at risk.
  • Impact of disruption will vary by segment, but delivering sustainable impact will require solutions that do not only address "transactional" needs but also "operational” requirements (e.g., manual to digital).
  • Disruptors are typically targeting key parts of the payment lifecycle beyond pure payments to deliver efficient cross-border solutions or to disintermediate traditional payment flows.
  • Incumbents are leveraging their franchise position and global expertise to drive innovation and working with the industry to create new and more efficient infrastructure.
  • Regardless of the winner, success will have real economic impact on increasing flows to the broader economy by ~10%, increasing contribution to real GDP by increasing savings on payments, improving clients working capital and driving end-to-end business operational efficiencies.

The 2019 ABF Digital Payments Summit will take place on 28 August in Hong Kong. To learn more about the event, click here. To register, click here. For inquiries, you may contact Andrea at andrea@charltonmediamail.com or at +65 3158 1386 ext 212

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