Two day Summit was held in Yangon to focus on innovations and new ideas for bank operations, bank strategy, the new digital bank, fintech & bank synergies in Myanmar

Best practices to successfully operate in markets for banking and financial institutions are being discussed at the Summit held in Yangon.

The 2-day summit focuses on Innovations and new Ideas for bank operations, bank strategy, the new digital bank, fintech & banking synergies.

Participants from different countries such as Thailand, Singapore, Malaysia and Japan –brings together learning and sharing about financial technology, Digital transformation and block-chain technology. This event brings knowledge together not only for Myanmar but also for the whole participants from other countries.

Chairman, Banking and Fintech Summit 2018, Tim Scheffmann said “… There are a lot of new companies who can help banks and to get advantage in the market because they are introduce new technology which is more efficient for the banks. There are lot of new technology can be applied also to Myanmar.”

Over 150 Industry practitioners, payment solution providers, Tech and solutions providers, bankers, and experts from financial institutions joined the summit.

The summit also focuses on Myanmar plus emerging opportunities from the digital transformation in Vietnam, Cambodia, Thailand, Malaysia, India and China.

Deputy Managing Director, Global Treasure Bank, Dr. Hla Nyunt said “Myanmar being a CLMV member and AEC member country, there needs to develop the country’s economic sector. The banking sector is more important to strengthen the country’s economic sector. We need to cooperate with the other member countries to develop the Myanmar banking sector using the digital banking and also the good payment system in the future.”

The summit will run from 26th to 27th June at Park Royal Hotel in Yangon.

(Myanmar International TV Channel: http://www.myanmarinternationaltv.com/news/banking-and-finance-2-day-summit-held-yangon )

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