Banking Will Eventually Be Invisible, Says Union Bank’s Chariman

The video discusses the future of business models, emphasizing the shift towards digital self-service to reduce costs. It highlights the need for new value creation through digitalization, focusing on customer insights and data privacy. The role of banking across various industries is explored, emphasizing partnerships and platform creation. Collaboration with fintech companies is discussed, with a strategy to integrate them into mature financial infrastructures. Finally, the video addresses the challenges of digital adoption and trust issues in the Philippines, noting the significant reliance on cash.

What are the key goals mentioned for the future of banking in the context of digital transformation?

What challenges do fintech companies face in the competitive landscape according to the text?

What role do APIs play in the relationship between banks and fintechs as described in the text?

Discuss the significance of cash in the financial habits of Filipinos as mentioned in the text.

How does the speaker suggest banks can build trust in digital transactions among Filipinos?