New age payments making the most of instant payments and APIs in APAC

Driven by local governments’ desire to promote digital economies and financial inclusion, Real time payments are accelerating in APAC. The convergence of smart phones, e-commerce and Fintechs creates the perfect environment for RTP to grow and for banks to offer more value added services, stronger security features and better data capabilities. However, these platforms are still local. Lack of standard regulation is hindering cross border interoperability in the region. That said, APIs are also a big game changer, providing real time balance and transaction reporting, instant cash visibility, improved reconciliation and reduced risk of fraud. This powerful combination of RTP and APIs are delivering seamless real time data for treasurers who can now achieve unprecedented levels of automation and efficiency to manage cash flows. Hear how treasuries are benefiting, what capabilities you can build and what to expect for the future. Chair: - Amit Mallick, Managing Director - Global Open Banking and APIs Lead, Accenture Speakers: - Xuelin Chen, Director, Group Treasury, Trip.com Group - Rishit Kumar Samrani, General Manager Finance and Treasury, Bosch Ltd-India - Rachel Whelan, MD, Global Head of Transactional FX Product Management & APAC Head of Cash Product Management, Deutsche Bank

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