Advancements in automation, computing power, and data analysis have transformed nearly every industry in the last 10 years. From consumer retail, food delivery, transportation, and social networking to the news and media industries, we have seen fundamental changes to their business and client-service models. The financial services sector, while recently seeing an increase of new activities in the form of new virtual banking licenses and new participants, is only beginning to experience these changes. The financial sector, however, will likely be among the greatest beneficiaries of technological advances. From blockchain technology to applying AI and machine learning in risk management, financial services are fertile ground for innovation and Asia is well-positioned to be the epicenter of these innovations.

Discuss the social media, e-wallet/mobile payment, Data Analytics and Internet of Things (IoT) in Asia, how it give impact to MNCs and SMEs using technology in their business