DBS CEO Says Go-Jek 'Attractive' as Partner for Indonesia Exposure

The transcript discusses the evolving nature of banking, emphasizing a shift from a pipeline to a platform model, necessitating partnerships with companies that have large customer bases. It highlights regional expansion strategies, particularly in Southeast Asia, and the importance of collaborations with fintech startups. The potential for acquisitions and investments is explored, with a focus on ensuring longevity and integration into existing offerings. The future vision for banking includes making services seamless and leveraging data and AI. The New Payment Act is discussed as a means to balance innovation with regulation.

What is the primary shift in the banking industry discussed in the first section?

• From local to global banking

• From a platform to a pipeline business

• From a pipeline to a platform business

• From digital to traditional banking

Why is Go-Jek considered an attractive partner for the bank in Southeast Asia?

• Because it has a small customer base

• Because it is a traditional bank

• Because it focuses only on the Indonesian market

• Because of its large customer base and regional ambitions

What is the main challenge fintech startups face according to the third section?

• Lack of customers

• Lack of technology

• Lack of funding

• Lack of innovative solutions

How do tech fins like Amazon and Google differ from other fintechs?

• They have fewer customers

• They are always competitors

• They have a large customer base and can be both partners and competitors

• They only operate in the US

What is the bank's vision for the future as discussed in the final section?

• To focus solely on traditional banking methods

• To become 'invisible' by integrating seamlessly into customers' lives

• To become a visible part of every transaction

• To expand only in the local market

What is the purpose of the New Payment Act mentioned in the final section?

• To focus only on traditional payment methods

• To eliminate competition in the payment sector

• To restrict new players in the payment industry

• To create an environment for innovation while ensuring regulation

What role does data and AI play in the bank's future vision?

• To facilitate better choices and recommendations for customers

• To eliminate the need for customer service

• To replace human decision-making entirely

• To focus only on marketing strategies