Sessions are in SGT.
All sessions are delivered in English. There will be no translations available.
All times listed in SGT. Sessions will be in English.
Paul Nicholson, Senior Content Producer, CPIPaul Nicholson CPI Senior Content Producer
Richard Hartung, MD, TranscartaRichard Hartung Transcarta MD
Richard has more than 20 years of experience in the payments and consumer financial services industry, primarily in the Asia Pacific region. Following work in retail banking in California and a short stint in government, Richard was part of the team that started up retail banking for Citibank in Japan. After moving to Singapore, Richard joined MasterCard and headed up Operations & Systems for the Asia Pacific region. He then moved to Keppel TatLee Bank, launched a new credit card program that became profitable in just over 1 year, and then managed the integration of Keppelcard into OCBC Bank as the Card Center Manager at OCBC. Richard set up Transcarta in May 2002 and focuses on assisting financial services companies with strategy, merchant acquiring, enhancement payments training, operations process improvement market research and other business practices. He is also a freelance writer for Challenge, The Asian Banker and other media. He is proficient in Japanese. Richard has a BA from Pomona College and an MBA from Stanford University. He is active in community organizations, including service on the boards of the Metropolitan YMCA and the Jane Goodall Institute Singapore and Global.
Asia’s market futures post-pandemic
Whilst the impact of the pandemic has been dramatic, Asia is predicted to return to strong growth in 2021. In this opening session we assess the economic fallout and the path to recovery. With the RCEP now signed creating the world’s largest free trade bloc, we assess how emerging financial, economic, demographic and technological trends in diverse markets, including China, Japan, India and SE Asia will shape the business and trade environment in 2021. Will Biden and Xi Jinping form a positive relationship? Underpinning trade, we also examine how AI, big data, robotics and future digital technologies will transform society, commerce and finance, in this diverse market.
Sandeep Malhotra, EVP Product & Innovation, MastercardSandeep Malhotra Mastercard EVP Product & Innovation
Sandeep Malhotra is Executive Vice President of Products & Innovation, Asia Pacific for Mastercard. In this role, he is responsible for product development and management, including commercialization of payment solutions that create a sustainable competitive advantage for Mastercard and its customers across Asia Pacific. This includes consumer and commercial products across Debit, Credit, Prepaid, Commercial, Payments Gateway, Processing, Acceptance, New Payment Flows and Digital Platforms & Labs. Prior to his current role, Sandeep was instrumental in defining and executing Mastercard’s real-time account-based payments strategy. From being business lead for the acquisition Vocalink (UK-based ACH infrastructure provider), through to the creation of Pay-by-Account and Bill Pay products, he has championed new payment flows which aim to introduce choice for stakeholders. Sandeep has been with Mastercard for the past 22 years, and has held a wide variety of roles with increasing responsibility. He has a proven talent for bringing innovative technologies to market, which require persistence and persuasion, by applying broad set of knowledge and expertise gained from working in various areas including digital payments, mobile payments joint venture (with Smart Hub in Philippines), network products and software development & solutions engineering arms of O&T. As an avid inventor, he has contributed to many enhancements to Mastercard's core systems and network. Sandeep earned a Bachelor of Science from the Indian Institute of Technology Kanpur, Master of Science from University of Missouri-Rolla, Masters of Science from University of Missouri-St. Louis and a Master of Business Administration from Washington University in St. Louis.
Chavi Jafa, Head of Business Solutions, Asia Pacific, VisaChavi Jafa Visa Head of Business Solutions, Asia Pacific
Chavi Jafa is currently the head of Commercial Cards and B2B Payments for India and South Asia at Visa. A career Banker and Payments expert, Chavi has worked across geographies including New York and Singapore. Her experience includes managing various Cash Management and Commercial Cards products for Citibank globally as well as leading key relationships across Corporates and Public Sector organizations. Prior to joining Visa, Chavi was part of the founding team that set up IDFC Bank. She led the bank's innovation businesses including mobile payments and big data lending as well as strategic Fintech partnerships. Chavi has a Master's degree from Columbia University, majoring in Economics and an MBA from Jamnalal Bajaj Institute of Management Studies, India. She spends her free time teaching graduate students at various MBA institutions, sketching and travelling!
Vasuki Shastry, Associate Asia-Pacific Fellow, Chatham HouseVasuki Shastry Chatham House Associate Asia-Pacific Fellow
Vasuki Shastry has worked in senior roles at the International Monetary Fund, Singapore central bank, and most recently at Standard Chartered Bank in London, where he was Global Head of Public Affairs and Sustainability. Shastry is a well-known commentator on Asian and global economic issues and is an Associate Asia Fellow at Chatham House and a Senior Fellow at the US Chamber of Commerce. His research interests are Asian financial integration, technology policy, ESG, and global governance. Shastry is author of “Resurgent Indonesia - From Crisis to Confidence” and his second book “Has Asia Lost It? Dynamic Past, Turbulent Future” will be released in March 2021.
Tom Rafferty, Regional Director, Asia, EIUTom Rafferty EIU Regional Director, Asia
Tom is Regional Director, Asia at The Economist Intelligence Unit (EIU). He is an expert on politics and economics in Asia, with specific interests in regional geopolitics, public policy and China’s political economy. Tom is a frequent commentator in the international media, talks regularly at conferences and events, and has published on a range of subjects in relation to Asia and China. His experience and deep knowledge help organisations and businesses make sense of the rapid changes in the region. As Regional Director, Tom leads a team of analysts based across the Asia. He is responsible for ensuring the EIU’s analysis and forecasts for countries in the region are as accurate and insightful as they can be for clients, and delivered in a timely and accessible way. Tom is based in Beijing, where he has lived and worked for the best part of a decade. He joined the EIU in 2011 and prior to his current role was Principal Economist, China.
Development of payments ecosystems in Asia
The evolution of the B2B ecosystem in Asia is rapidly accelerating. National lockdowns cast a spotlight on inefficiencies in payment systems and the need to automate. Yet Asia is an engine of innovation, notwithstanding Alipay’s $30bn suspended IPO, the payments revolution continues. The proliferation of payment and credit solutions for business, using an ever expanding array of processes and protocols, across a dynamic and diverse region is as exciting as it is bewildering. The deep and rich markets of payment cards, virtual accounts, digital wallets, neo-banks, expense apps, mobile VCN, AP systems, electronic and wire transfers protocols, and remittance systems make for a kaleidoscope of opportunity. Global and local banks vie for B2B market share in an ever shifting competitive landscape, characterised both by consolidation and new entrants in the market. Critical to success in this market place is a collaborative approach where buyers and sellers come together to work on payment ecosystems that are economical and workable. In this session we map how the B2B payments solutions will play out in markets the year ahead and the likely winners in the post pandemic world.
Ajay Adiseshann, Founder & CEO, PayMateAjay Adiseshann PayMate Founder & CEO
Ajay is the founder and CEO of PayMate. Ajay has been at the helm since founding PayMate as a consumer-focused fintech before transitioning it to a leader in B2B payments in India. Before PayMate, Ajay had founded two internet start-ups and successfully exited one of them.
David Newington, Commercial Director, APAC, AirPlus InternationalDavid Newington AirPlus International Commercial Director, APAC
David Newington heads up a dynamic team of payment experts for AirPlus International in 9 Asian markets including China, Australia, Japan and India. He launched AirPlus in Australia in 2011 to provide local and multinational companies with high quality and secure, travel and procurement payment services. With a career spanning technology, corporate travel management and B2B payments over two continents David brings a wealth of experience to corporate customers looking to develop payment solutions for their organization.
Mostafa ‘Mo’ Sabet, Vice President, Product Management - Asia Pacific, MastercardMostafa ‘Mo’ Sabet Mastercard Vice President, Product Management - Asia Pacific
Mostafa 'Mo' Sabet is the Vice President of Commercial Products for Asia-Pacific. Mo oversees all Commercial Products in the region focusing on Large Market, SME and B2B solutions. He is also responsible for relationships with traditional and non-traditional players in the commercial payments ecosystem. Prior to this role, Mo worked on Mastercard’s New Payments Platform where he led the Consumer Applications platform team developing real-time payment (RTP) use cases. Mo joined Mastercard in 2011 as part of Mastercard Labs in the Innovation Management team and then moved onto Product Commercialization in digital products. Prior to Mastercard, Mo was a Mergers & Acquisitions Specialist for IBM. Mo holds a BSc from MIT and an MBA from the University of Notre Dame. He lives with his wife and two sons in Singapore.
Sabrina Sng, Head of Commercial Payment Solutions, APAC, Discover Financial ServicesSabrina Sng Discover Financial Services Head of Commercial Payment Solutions, APAC
Sabrina is the Head of Commercial Payment, Asia Pacific at Discover Financial Services. Her current role focuses on expanding the use of Discover commercial suite of solutions and works closely with Franchise Partners and Net to Net Partners in the evaluation and adoption of Commercial payment solutions. She leverages best practices to help address common customer’s challenges and effectively manage change for these organisations. Sabrina has over 20 years of direct sales, sales management experience in commercial payments, corporate travel, and office automation. She has worked across other disciplines such as corporate administration, customer relations and global account management. Over the last 18 years, Sabrina focused on commercial card and business travel solutions. Prior to joining Discover, Sabrina was Head of Digital Solution, Commercial Solutions at UOB, Visa Worldwide as Senior Business Leader, Market Development and at American Express as Head of Sales for Global Business Travel, ASEAN & HK and Head of Global Client Group for Global Corporate Payments.
Regulation and risk: KYC, AML, Fraud and data compliance
Regulatory compliance and risk controls in payments continue to strengthen as financial supervisors across Asia roll out tougher AML and CFT criteria, by adopting standards set by the intergovernmental Financial Action Task Force (FATF), creating the need for stringent KYC due diligence practices for both FIs and corporate clients to stamp out fraud and criminality. Remote working has also increased security concerns on data breaches. In addition, the increase of data protection measures, and data localisation laws in China, India, Indonesia, Australia and Vietnam, are likely to roll out further in the region restricting how banks and issuers can store and share client data locally. The cost of compliance and the impact on how card issuers and payment solution providers operate in the region is significant. Yet regulation across Asia is not uniform and is developing at different paces as local regulators play catch up. In this session, issuers and regulators examine the challenges and opportunities that greater supervisory scrutiny brings to the B2B payments markets in the region.
John Casanova, Partner, Sidley Austin LLPJohn Casanova Sidley Austin LLP Partner
John Casanova is a partner and has been practicing in the firm’s London office since 1999. He also practiced in the firm’s Singapore office from 2012 to 2016 and in the firm’s Washington, D.C. office from 1996 to 1999. He co-heads the firm’s EU Financial Services Regulatory group. He advises clients on a wide variety of U.S., English and EU financial services regulatory and transactional matters. He also advises on data protection and privacy matters. John works regularly with banks, payment service providers, investment managers, Fintech companies, brokers/dealers, payment systems and other financial intermediaries in the UK, Europe, Asia and the United States. He has assisted clients with setting up and operating regulated businesses and financial services joint ventures in the UK, the EU and in Asia. He also works with clients in responding to regulatory investigations and examinations. He has handled commercial transactions for regulated entities and acquisitions and disposals of regulated businesses and asset portfolios. John is ranked in Chambers UK 2020 for Financial Services: Payments Law, with clients describing him as “extremely knowledgeable, very thoughtful and hands-on.” He is also ranked in Chambers FinTech 2020 where the London team is cited for its “robust financial regulatory and data privacy offering.”
Arpit Ratan, Co-Founder and Business Head, SignzyArpit Ratan Signzy Co-Founder and Business Head
Arpit Ratan is a serial entrepreneur who started his own law firm in 2012 and then Signzy in 2015. Alumni of ILS Law College and Pune University. Arpit grew his firm to the Top 3 in less than 3 years before starting Signzy to solve the large problem of regulatory compliance in the BFSI sector. Today, he leads Signzy's business and its expansion into India and International markets.
Corporate payment systems: moving the digital needle
Prior to the pandemic, corporations with well-developed payment and procurement processes, and operating within strong governance frameworks in the APAC region had few incentives to modify legacy systems with new technologies; the ‘if it ain’t broke, don’t fix it’ adage applied. Yet the pandemic has created an imperative to digitise and upgrade from legacy AP and AR systems to integrated payables solutions. So how do you build a compelling business case for systems change? What drivers will cause corporate migration and mobilisation to new digitised solutions? In this session we hear strategic insight and practical cases on incentivizing the take up of solutions (such as virtual cards, and VCN solutions, digital payments, expense solutions) for large corporations and critically, their regional suppliers.
Jukka Rinta, Head of Commercial Cards, National Australia BankJukka Rinta National Australia Bank Head of Commercial Cards
Jukka is a cards and payments professional with extensive experience in product management, development and distribution to a variety of customer segments. His experience over 30 years includes card schemes, issuing and acquiring operations, credit, debit and prepaid products, and a range of technologies from card and payment processing platforms to expense management systems. Jukka currently leads NAB’s Commercial Cards product team and is passionate about NAB’s customers and their capabilities to address wider range of B2B payments using Commercial Cards than what has been the market best practise previously. Prior to joining NAB in his current role, Jukka led NAB’s product development work to design and deliver NAB’s market leading ePayables capabilities. Prior to his move to Australia in 2007 he spent 2 decades at Diners Club in Finland with most recent responsibility of Commercial Card issuing and Merchant Acquiring operations, and at MasterCard as the Country Manager for Finland.
Nicole Ashong, Sales Senior, Commercial Cards Asia Pacific, Citi Treasury & Trade SolutionsNicole Ashong Citi Treasury & Trade Solutions Sales Senior, Commercial Cards Asia Pacific
Nicole Ashong is the senior sales leader for Commercial Cards Asia Pacific, driving opportunities with both multi-national and Asia-headquartered clients and leading strategic initiatives across the region. She is part of the Asia Commercial Cards Leadership Team and has 10 years of experience at Citi. Her diverse experience includes sales and product management roles within Commercial Cards and across Citi’s broader cash management business. Before joining the Asia Pacific team, she was part of the Commercial Cards Sales Team in North America. In that capacity, she covered the Consumer & Healthcare portfolio and managed US-headquartered clients through all aspects of the sales process, from proactive origination and proposals, to product solutioning and implementation. Prior to joining Citi, Nicole earned her Master’s degree at Georgetown University.
Carol Ho, Head of Large and Middle Market, Asia Pacific, VisaCarol Ho Visa Head of Large and Middle Market, Asia Pacific
Carol is currently the Head of Large Middle-Market Segment in Visa Business Solutions for Asia Pacific. Prior to Visa, Carol had worked in Bank of America Merrill Lynch where she led sales teams covering financial institutions and non-banking financial institutions in global payments and trade finance. She has also held various positions from credit, corporate to transaction banking in JPMorgan Chase Bank in Asia as well as in the US. The early years of her career was spent in the finance and treasury space. As a senior woman leader in payments, she supports and executes programs in mentoring young talent in the industry. Carol graduated from Nanyang Technological University in Singapore, and is a Certified Chartered Accountant.
Clara Wang, Managing Director, Head of Corporate Payables, Cross Currency and Global Cards, Product Management, Bank of AmericaClara Wang Bank of America Managing Director, Head of Corporate Payables, Cross Currency and Global Cards, Product Management
Clara Wang is a managing director and head of Corporate Payables, Cross Currency and Commercial Cards Product, Global Transaction Services (GTS) Asia Pacific at Bank of America, based in Singapore. She has been with Bank of America for 11 years, with different roles including country treasury product management for China, and regional treasury product management focusing on Payment and Corporate Cards. Prior to joining the firm, she has had experience in cash management services, client solution delivery and implementation, product development and management in Standard Chartered Bank and HSBC China. Clara is also an active contributor to women development programs such as the LEAD (Leadership, Education, Advocacy & Development for Women) network within the firm and external mentoring programs. She is a Cherie Blair Foundation Mentor alumni, and had completed the Women in Business Mentoring Program as a mentor. She holds a Master of Business Administration (Executive MBA) degree from The University of Hong Kong, and a bachelor’s degree in International Finance from the Shanghai University of Finance and Economics.
Sessions are in SGT. All sessions are delivered in English. There will be no translations available.
Welcome Day 2
Paul Nicholson, Senior Content Producer, CPIPaul Nicholson CPI Senior Content Producer
Digitisation and data: open banking, faster payments and digital wallets
Whilst the pandemic has caused delays, the trajectory is unchanged. The development of neo banking, propelled by the payment services act in Singapore and the expansion of digital banking licences across Asia, presents new, innovative payment choices for consumers and new opportunities for issuers. Will the rise of the ‘GrabPay’ style digital wallets signal the decline and potential extinction of the plastic card? Whilst the shiny new front end solutions entice, the back office PSP infrastructure is essentially the same, so what is really new? As the promise of ‘real-time payments’ and ‘faster-payments’ roll out across Asia gathers momentum, the opportunities for digital cross border muti-currency solutions multiply. Throw into the mix cryptocurrencies that eradicate FX but introduce a different order of volatility, and the picture becomes intensely complex. In this session, we look at the consumer digitisation trends that are crossing over into the commercial B2B space, and examine the appetite of commercial card end users for new digital payment products. Parallel to this discussion is the data debate and the challenge of overcoming inherent mistrust and engendering confidence in digital data security. How will providers productise B2B digital card and wallet solutions, whilst navigating the need for data privacy and security for corporate customers? Add into this data mix the advent of open banking regulation in Europe (PSD2) and its potential replication in Asia, with regulators in Tokyo, Sydney and Hong Kong exploring ‘open API’ standards to provide access to payment accounts. Our provider panel shares their digital strategies and end users give their views.
Olivier Berthier, CEO, MoneythorOlivier Berthier Moneythor CEO
Olivier Berthier is the CEO & Co-Founder of Moneythor, a fintech company based in Singapore specialised in digital banking, data-driven personalisation and customer analytics. He is a seasoned professional with 20 years of experience in banking technology and entrepreneurship. Olivier holds a MSc degree in computer science and applied mathematics from ENSIMAG in France and is passionate about helping banks and fintech firms to bridge the gap between the production of actionable analytics and their delivery to customers via digital banking and Open Banking. Prior to co-founding Moneythor, Olivier was Global Solutions Director at Misys (now Finastra), a leading banking software provider. Previous to that, he founded NEOMAlogic, a company specialised in the development of innovative Internet-based front-end solutions for corporates and banks, and ran it as CEO until the successful sale of the company to Misys.
Andre Chan, Head Of Innovation - SCB Saber Labs, Siam Commercial BankAndre Chan Siam Commercial Bank Head Of Innovation - SCB Saber Labs
Andre is currently helming the innovation lab in Siam Commercial Bank, focused on bringing new forms of revenue models and value into the enterprise. Andre also wears the hat of a cloud solution architect, specializing in various implementations of AWS cloud services. His team explores and implements new technology stacks to catalyze and futureproof various aspects within the bank’s IT landscape against market leaders. Outside of work, Andre is a tech and cryptocurrency enthusiast, always exploring new applications and concepts of decentralized finance (De-Fi), blockchain development and finding ways to bring their ecosystem into the bank to innovate on new products and targeting new customer markets.
Adrian Lovney, Chief Executive Officer, New Payments Platform AustraliaAdrian Lovney New Payments Platform Australia Chief Executive Officer
Adrian commenced as the inaugural CEO of NPP Australia Limited in September 2016. Launched to the Australian public in February 2018, the New Payments Platform provides Australian businesses and consumers with a fast, flexible, data-rich payments system for making their everyday payments, and provides a platform for future growth and innovation. Prior to joining NPP Australia Ltd, Adrian was General Manager, Product & Service at Cuscal Ltd. Adrian was responsible for all product management and operational functions, marketing, sales, and client service. Cuscal was a founding participant of the Real Time Payments Committee and Adrian was one of several senior staff deeply involved in the design, development and governance of Australia’s NPP.
Fintech innovation in 2021
Whilst the world is disrupted fintech market disruptors have been steadily advancing. In this session we hear from the financial technology innovators gaining market traction and share in the B2B payments space in Asia, and evaluate the impact of their solutions on current and future markets. Is the private equity market still hungry for disrupters? Are banks swooping on rising stars in the fintech world? Will IPOs take off? Are Asia grown solutions, such as Lightnet in Thailand, likely to gain over international players such as Paypal? Will new FX solutions shake up cross border payments in the region?
Joel Leong, Co-Founder & Country Head, Singapore, AspireJoel Leong Aspire Co-Founder & Country Head, Singapore
Joel is a multiple-time entrepreneur with 7 years of leadership experience in financial services, crowdfunding, payments, and e-commerce. Proven track record of leading digital businesses and executing to achieve profitability at scale with a high integrity team. As Co-Founder & Country Head of Aspire Singapore, he is passionate about the financial inclusion of SMEs and is on a mission to reinvent banking for modern-day business owners.
Erik Ingvoldstad, Co-founder & Chief Innovation Officer, EedenBullErik Ingvoldstad EedenBull Co-founder & Chief Innovation Officer
Erik Ingvoldstad is an entrepreneur, creative leader, a strategist, and an innovator. He has background from creative leadership, as a writer and creative director at a global level. After over 20 years in advertising, mostly in the digital sector, he left to build his own consultancy in Digital Transformation, Customer Experience and Innovation. He has since co-founded EedenBull, where he is the Chief Innovation Officer as well as responsible for UX and UI for the company’s products. Erik lives and works in Singapore, and has previously worked in Norway, Australia and China, as well as overseeing work across the globe.
Jakub Zakrzewski, MD, KrakenJakub Zakrzewski Kraken MD
Jakub Zakrzewski is a Managing Director at Kraken in Singapore, leading the company's strategic development in APAC. Previously, he was responsible for launching Revolut's operations in Singapore in 2019 and leading its growth in the region. Before Revolut, Jakub was Head of Growth at Easyship, a 500 Startups VC portfolio company that won Hong Kong’s Technology Company of the Year Award in 2017, joining as one of its early employees in 2015. Prior to joining Easyship, Jakub worked at Lazada (Rocket Internet’s most successful venture up to date, acquired by Alibaba for $1bn+ in 2016) as a first employee in Singapore, where he established business intelligence and online marketing departments at the company. He holds a Master of Science in Finance degree, awarded from ESADE Business School in Barcelona where he wrote his master thesis on "Cases of Angel Investing in Europe".
Vikram Kshettry, Head of B2B Partnership, Asia Pacific, VisaVikram Kshettry Visa Head of B2B Partnership, Asia Pacific
Vikram is responsible for partnerships with B2B focused fintech and technology firms in Asia Pacific. These partnerships help Visa and Visa’s clients deliver innovative B2B payment solutions in our markets. Successful implementations include solutions for bridging the gap in B2B Acceptance and to drive higher usage of virtual card solutions in the region. Vikram joined Visa in its Asia Pacific regional office in Singapore in 2008. Before joining Visa, he worked with ABN AMRO Bank in Hong Kong and India.
Cross border payments evolution
Cross border payments between Asian countries are evolving beyond established correspondent banking models and SWIFT protocols. Innovations in real time payments and internet based FX transfer services, as well as digital stablecoins and cryptocurrencies, are disrupting the market. In cards, push-to-pay and virtual card numbers are accelerating transactions. In this session we discuss the development of cross border payments, around the region, looking at innovations in countries including China, India and ASEAN nations.
Rohit Bammi, Global Head of Institutional Business, NIUMRohit Bammi NIUM Global Head of Institutional Business
Rohit is the Global Head of Institution Business at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend and receive funds around the world. A seasoned professional with over 30 years of experience in fintech, banking and the financial services industry, Rohit has a deep knowledge of financial services and banking products. In his role, Rohit is responsible for driving Nium’s business strategy, sales and partnerships with banks and financial institutions to encourage the digitization of financial services by incumbent and new financial players. This involves launching new products, services and schemes that will create additional value to the banking industry. Prior to joining Nium, Rohit held many leadership roles in leading financial institutions and consultancies, demonstrating expertise in developing and implementing growth strategies across Asia, Europe and emerging markets. He was the Head of Asia for Earthport, Partner for Financial Risk Assessment at KPMG, and also took on numerous regional leadership roles during his twelve-year stint at Deutsche Bank and nine-year stint at Citibank. Rohit holds an MBA degree from the University of Notre Dame in the USA. He has a Bachelor of Commerce in Economics and Accounting from St Xavier’s College (India).
Tridbodi Arunanondchai, Vice Chairman & Co-Founder, LightnetTridbodi Arunanondchai Lightnet Vice Chairman & Co-Founder
Joel Yarbrough, VP Asia Pacific, RapydJoel Yarbrough Rapyd VP Asia Pacific
Joel Yarbrough is VP of Asia Pacific for Rapyd, a global Payments platform, and is leading the company’s value proposition and growth efforts in the region. Having worked in Payments, Technology, Banking, and Management Consulting across continents, he brings 26 years of extensive cross-disciplinary experience. Prior to Rapyd, he was Head of Product at Grab, Southeast Asia’s largest Tech startup, and then led Business and Corporate Development on behalf of GrabPay, the Financial services arm of Grab. He’s also a notable PayPal alumnus, where he led Global product Strategy, APAC Product Management, Large Partner and O2O Solutions, in addition to multiple global roles at JPMorgan.
SME and supplier growth strategies
Asia is made up of a vast and diverse network of SMEs trading in local currency markets, and in regional and global supply chains. The pandemic and ensuing lockdowns created liquidity issues and demand shocks that hit this sector hard. Supplier enablement and the take-up of B2B payment solutions across supply chains and networks is a core and critical element of providers products and ultimately their market success. In this session we look at how the SME market is changing in different market sectors and regions in Asia, to identify the growth opportunities and the innovative products transforming how this segment does business in the region. In a market characterized by both entrepreneurial innovation and dynamism, but also by traditional and old economy businesses, how will B2B payment product developers encourage adoption of new digital B2B solutions in these diverse markets? Will Ali-pay (and its regional clones and equivalents) prove to be the killer apps, or is the picture more complex? What strategies are local banks deploying to develop digital payment alternatives for SME customers? Here SME sector experts and end users discuss how the year will play out.
Ankur Kansal, Head – Credit Cards Portfolio, RBL BankAnkur Kansal RBL Bank Head – Credit Cards Portfolio
Ankur is a leading Payments domain professional with an experience of over 16+ years working with various banks in India. He is currently Senior Vice President at RBL bank, a fastest growing private Bank and has previously worked in leading Card payment organizations like State Bank, American Express. He has been leading member in setting up Credit Card business for the RBL Bank in 2014. His area of expertise is product and portfolio management for consumer and commercial.
Philip Lim, Executive Director Regional Head Commercial Solutions, Cards and Payments, Personal Financial Services, UOBPhilip Lim UOB Executive Director Regional Head Commercial Solutions, Cards and Payments, Personal Financial Services
Ruth Sy, Regional Head, SME, Asia Pacific, MastercardRuth Sy Mastercard Regional Head, SME, Asia Pacific
Ruth Sy is the Regional Head of SME Segment for Mastercard in Asia Pacific. In her role, she manages the Business card portfolio, and develops new products and partnerships to grow the adoption of digital payments and hasten digital transformation among small businesses. Her career experience spans consumer banking, business banking, investments, and most recently, payments. A significant part of her career was in management of lending products for consumers and micro & small businesses, where she championed financial inclusion across Asian markets. Ruth was born and raised in the Philippines, and now calls Singapore her home. Outside of work, she spends her time (and exhausts her patience) with her toddler, and whips up simple, one-pot dishes to share with her family.
Soumen Sircar, Chief Operating Officer, Singapore E-BusinessSoumen Sircar Singapore E-Business Chief Operating Officer
Soumen Sircar joined Singapore E-business Pte Ltd on March 2, 2020 to contribute to the growth and development of their business across markets and products. He has been recently been elevated to the role of the Chief Operating Officer. Prior to joining SGeBIZ, Soumen was Vice President and Head of Business Solutions for Asia Pacific at Visa Worldwide Pte Ltd. At Visa Soumen was focusing on developing card and non-card flows for businesses, driving client engagement, product discipline, new product development, multi-year planning and strategy, hiring and mentoring teams and helping curate innovative, digitized, future proof solutions. Soumen in his earlier avatar was a career banker for over 17 years working across corporate banking, institutional and transaction banking roles – leading teams and business across Asia Pacific. He had helped develop and grow business across all organizations that he worked with – Bank of America Merrill Lynch in Hong Kong for over 7 years, J P Morgan Chase Bank, Mumbai for over 5 years and ICICI Bank Limited for just under 5 years – delivering client led solutions across the entire range of commercial and corporate banking products. Soumen and his family are based in Singapore.
Closing summary: priorities for 2021