The report discusses the future of digital banking in the Asia-Pacific region, highlighting the importance of platformification in transforming the industry. The report emphasizes that banks need to adopt a digital-first approach and rethink their existing business models and operations to capture the growth opportunity. The report also stresses the importance of operational resilience, cost optimization, intelligent automation, and robust open banking architecture in preparing banks for sustainable growth. The bank of tomorrow will be an aggregator of lifestyle services with data as its most valuable asset, and platformification will be at the heart of this transformational journey. The report concludes that the success of banks in this decade will depend on how well they execute their digital strategy.
