Understanding Fintech and

Its Implications for Banks

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FACULTY

David Fong, Raj Lorenz, Jeffrey Chew & Hann Liew

WHO SHOULD ATTEND • Directors of bank boards

• Anyone who may find this programme helpful

Note to FIDE Alumni: this programme is for those who have com-

pleted the FIDE Core Programme prior to 2018 (the programme

content is now part of the FIDE Core Programme as of 2018).

Financial Institutions

Directors’ Education Programme

www.iclifgovernance.org

FACULTY David Fong’s career spans 39 years in the finance and investment industry. He worked in investment banking in Malaysia, Hong Kong and Singapore before joining a Singapore based venture capital group in 1992 where he was responsible for (mainly) technology investments across Asia and also the United States. In 2000, he co-founded an investment management and advisory firm and from 2001 to 2010, managed a technology focused venture capital fund owned by Ministry of Finance, Malaysia. David is an honors graduate from the University of Manchester, England, is a Fellow of the Institute of Chartered Accountants in England & Wales and a member of the Malaysian Institute of Accountants. He has a member of various industry working groups pertaining to the development of the Capital Markets in Malaysia. He was Chairman in the Malaysian Venture Capital & Private Equity Association between 2008 and 2010 and in 2016, was involved in the establishment of the Fintech Association of Malaysia where

he was its founder president and is currently an advisor. In 2017, he was invited to be a member of the Advisory Committee on Technology for Finance established by Bank Negara Malaysia. From 2010 to 2018, he was senior independent director and Chairman of the Audit and Risk Committee and Remuneration Committee of GHL Systems Bhd, a leading ASEAN payments solution provider. He is currently a non-executive independent di-rector of Petron Malaysia Refining & Marketing Bhd. Since 2018, he has been lead faculty (Fintech) at The Iclif Leadership and Governance Centre, an independent non-profit organization established and funded by Bank Negara Malaysia.

Raj Lorenz is a payment specialist with over 30 years’ experience in both the banking and the payments industries. Raj has held leadership roles and has initiated several start-ups as well as repositioned exist-ing business into profitability through changes in business direction. Raj initially worked for Citibank for 14 years in Malaysia and Australia in various positions in Investment and Corporate Banking covering; treasury risk management, Chief Financial Officer, and finally, as Head of Corporate Bank Marketing. In this last role he spearheaded Citibank’s entry into the SME segment using a completely differentiated customer value proposition. In 2000, Raj left Citibank to create an internet payment start-up for DBS Bank Ltd in Singapore. The start-up operated the first real-time, Direct Debit gateway in ASEAN. The company was eventually acquired by

NETS Pte Ltd (NETS), a large Singapore payments company that is owned by the Singapore banks. The internet gateway was rebranded as “eNETS” which Raj then grew from inception into the leading online payment gateway in Singapore. Raj also spear-headed NETS’ investment into China with a joint venture partner and interconnected China UnionPay’s (CUP) and MEP’s net-works with NETS. Following NETS, Raj became the Group CEO GHL Systems Berhad (GHL) from September 2011 till the end of 2016, retiring as an Executive Director in 2017. During his tenure, he help transform GHL from a predominantly hardware and software vendor into a merchant acquirer and operator for payment cards. Today, GHL is a leading merchant acquirer in ASEAN with a dominant pres-ence. Raj is a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the Malaysian Institute of Certi-fied Public Accountants. Presently, Raj is an Independent Non-Executive Director of Kenanga Investment Bank Berhad and an advisor to the Fintech Association of Malaysia.

Jeffrey Chew is currently the Group Chief Executive Officer of Paramount Corporation Berhad, a leading player in the property development and education business. He began his career at PwC and thereafter, joined Citibank Berhad (Citibank) for 12 years where he held various management roles. Jeffrey joined OCBC Bank (Malaysia) Berhad (OCBC) in 2003 to spearhead the SMEs Business, later was appointed as Director and Chief Executive Officer of OCBC in August 2008 and helmed the position for 6 years. During his tenure at OCBC, he also served as a Director of Credit Bureau (Malaysia) Sdn Bhd, CGC (M) Berhad and OCBC Al-Amin Bank Berhad. He serves as a member of the Small Debt Resolution Com-mittee, Bank Negara Malaysia, and as a director of the Asian Banking School Sdn Bhd (Chairman of its Audit Committee). Jeffrey is a Fellow Member of the Asian Institute of Chartered Bankers.

Jeffrey is the founder and non-executive Chairman of Fundaztic.com, owned and managed by Peoplender Sdn Bhd which is a Recognised Market Operator licensed by the Securities Commission of Malaysia to operate a peer-to-peer financing platform.

Hann Liew is the Co-founder of Malaysian Fintech company Jirnexu Sdn Bhd (Jirnexu) and Chief Executive Officer of RinggitPlus.com, Malaysia’s leading financial comparison website which has helped over 1,000,000 Malaysians with their financial product applications since 2012. Hann currently heads Ring-gitPlus in its pursuit to help Malaysians to be more financially literate and to help them do more with their money. In 2012, Hann co-founded SaveMoney.my and JimatCermat.my, two financial advice websites dedicated to helping people manage their money better. In 2014, he led SaveMoney.my through a successful mer-ger with RinggitPlus to form Saving Plus Sdn Bhd and going on to launch KreditGoGo.com in Indonesia. Saving Plus later rebranded itself into what is now Jirnexu. Since then, Hann has been overseeing overall business strategy, marketing and business development, commercial analysis, operations and people

development at RinggitPlus. He is also a founder of eFounders Community Malaysia, a programme established by a group of young, driven, and successful entrepreneurs to exchange knowledge and expertise to make a change in the community and beyond. Hann is a former Assistant Vice President, Equities and Funds Structured Markets at Barclays Capital in the United Kingdom (UK). Hann graduated with a First Class Honours in BSc Business Mathematics and Statistics from the London School of Economics and Political Science (LSE), UK in 2007. He is also a Chartered Financial Analyst (CFA) and a member of the Financial Planning Association Malaysia (FPAM) as a Certified Financial Planner (CFP).

PROGRAMME OUTLINE

PROGRAMME OVERVIEW

This programme seeks to update directors on the latest in fintech developments and its implica-

tions for the banking industry. Directors will be provided with examples of fintech’s disruptive

technology both in the payments and crowdfunding space; in record keeping and improvement

of processes with the development of blockchain, and how it is changing the entire ecosystem

of how businesses are done.

At the end of this programme, participants will be able to:

• Articulate the latest fintech developments and how it affects the banking industry;

• Explain the threat of fintech should financial institutions ignore these developments;

• Explain the current regulatory framework for fintech under Bank Negara Malaysia;

• Explain blockchain and its applications in banking;

• Consider the benefits of adopting fintech or partnering with fintech providers to improve

banking services or processes.

Session 1: Fintech — An Overview

This session provides participants with an overview of the emergence of fintech in Asia in the

broader context of global developments, how it is already impacting the financial industry and

how the face of banking will likely change in the near future. It will explore the areas of banking

that are already being impacted, particularly in the areas on payments and remittances and

lending which subsequent speakers will expand on. It will also explore the changing competitive

landscape for banks and how they can respond. Finally it will look at recent developments such

the emergence of ‘neo’ or virtual banks and its implications. At the end of the session, partici-

pants will have a better understanding of the threats and opportunities and strategies arising

from fintech.

Session 2: How Fintech Impacts Banking — Payments

This session will consider the development of fintech and how it affects the payments system;

and its implications for the banking industry. At the end of the session, participants will be able

to articulate fintech developments affecting payments and consider how banks should re-

position themselves in the light of these changes.

Session 3: How Fintech Impacts Banking — Deposits & Lending

This session will consider the development of fintech for crowdfunding; and its implications for

the banking industry. At the end of the session, participants will be able to articulate fintech de-

velopments for crowdfunding; and consider how banks should re-position themselves.

Session 4: Innovation Strategies for Financial Institutions

This session will explore how Financial Institutions can approach innovation to address the

threats and opportunities of the fintech wave, the various strategies for innovation, and a case

study. At the end of the session, participants will have a clear idea of how some Financial Institu-

tions are choosing to partner with fintech enablers to compete in a world with fintech disrupters,

and the pros and cons of partnership versus in-house innovation.

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Understanding Fintech and Its Implications for Banks

FEE: RM3,500

PAYMENT

Payment should be made within 30 days from the invoice date or in advance of the programme date, whichever is soon-

er. Your place is only secured once payment has been received within this period.

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• For telegraphic transfer, kindly remit payment to account number: 5140 1138 4115 at MAYBANK

BERHAD KL MAIN BRANCH, 50050 KUALA LUMPUR

Please email a copy of the payment receipt to finance@iclif.org and cc to fide@iclif.org

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mation on the programme.

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