Regulatory dynamics remain a pressing issue in fintech

Collaborating with traditional banks emerges as central concern in the industry's evolution, as well.

The finance world is changing as traditional banking merges with innovative fintech. This presents both opportunities and challenges, especially around regulation and collaboration. The Asian Banking & Finance Summit, featuring experts like Athreya HD from Mazars, aims to address these key issues.

In a revealing discussion ahead of the Asian Banking & Finance Summit, Athreya highlighted three main areas set to dominate the discourse: the synergy between traditional banking and fintech, the crucial but often overlooked topic of regulatory dynamics and compliance challenges, and the evolving trends and challenges within banking services.

"In my experience working with fintechs, I've developed a multifaceted view on the evolution of banking services," Athreya shared. His career, spanning over 15 years in several prominent banks, positions him as an expert voice on the matter, and he's keen to ensure that the summit's attendees leave with a more profound understanding of fintech's transformative potential.

Central to the conversation is the challenge of regulatory compliance and risk management for fintech companies. Athreya notes, "Whilst they're very good at coming up with solutions, regulatory compliance requirements that always continue to pose challenges are often overlooked." He envisions his role as instrumental in helping these innovative firms navigate the tricky waters of compliance.

On a more optimistic note, Athreya pointed to the distinct advantages fintechs offer. He lauds the agility and rapidity these companies exhibit, particularly in their "speed to market." This, he believes, presents an invaluable opportunity for traditional banks that are willing to partner and collaborate with fintech enterprises.

Athreya's mission for the summit goes beyond merely presenting facts and opinions. He aims to shape the understanding of his audience, equipping them with practical insights that will empower them to make informed decisions. Fintech's potential, Athreya contends, lies in its ability to drive innovation and enhance the customer experience — a sentiment he hopes will resonate with summit attendees.

The Asian Banking & Finance Summit will be held on September 6 at 9 Wallich Street, Sofitel Singapore City Centre, Singapore. Interested attendees may register HERE.