FSO holds session on FinTech adoption in ASEAN

The SGV Financial Services Organization (FSO) team led by FSO Head Vicky Lee-Salas recently conducted a briefing on Financial Technology (FinTech) at the SGV Development Center. FSO Advisory Partner Ian Lauron formally opened the event, which was attended by staff members from various service lines.

Given the visible increase in FinTech adoption and growing demand for FinTech solutions in the financial industry, the session aimed to provide an in-depth discussion on of the adoption of FinTech in Southeast Asia.

The keynote speaker was EY ASEAN FinTech Leader Varun Mittal, who discussed the current FinTech landscape as well as market developments and strategies among incumbent and emerging players in the industry. He also highlighted that technology has triggered the democratization of access to service, experience and products across sectors, which creates an environment he dubs as a “FinTech Startup Paradise.” This democratization has led to big changes in financial services.

The three key pillars of FinTech marketing, focus areas for evaluation, and risks to be assessed were given emphasis. Mr. Mittal also shared what’s in store for SGV/EY in the coming years – additional services and new key values we can provide to clients in light of these changes.

The event was organized by the FSO group with a core team led by FSO Head Vicky Lee-Salas and Partner Ian Lauron with the assistance of Senior Managers Veronica Arce and Catherine Biliran.