SunTec spotlights need for digital core
SunTec hosted its flagship event, ‘SunTec Confluence’ in Dubai from 12-14th March 2019. The 3 day event was hosted in Palazzo Versace Dubai.
The theme for this year’s Confluence was “Digital at the Core”, an essential strategy in today’s world, as leading organisations seek to digitally transform, modernise their legacy systems and build a new core that is intelligent, immersive, integrated and invisible – one that can help in creating highly personalized customer experiences.
The event highlight was the keynote address by Brett King, highly acclaimed influencer in financial services, award-winning speaker, co-founder and CEO of Moven. As a futurist, he visualised how four major trends – Artificial Intelligence, Voice-based Artificial Intelligence, Smart Glasses and Machine Learning – are changing the ecosystem dynamics and how these will need to be embedded in customer experience journeys across industries like banking, telecom and retail.
“Access to credit is not the same as needing a credit card”, Brett explained, “It’s about creating an all new Credit experience, where banks can predict and assist your daily life credit requirements without a credit card and how open banking can tie all these data together for the banks”.
Nanda Kumar, CEO of SunTec, talked about the ever-pervasive effects of Industry 4.0. He stressed upon the need for organizations to understand and embrace the ‘basic human-needs’ driven approach if they want to succeed in today’s digital world.
The key takeaway from the event was the growing need for organizations to focus on the ‘Customer Experience’ part of their Digital Transformation programs. Replacing the core is not a viable option for most banks and this is a big hurdle for modernization projects – but not anymore. The SunTec product session demonstrated how banks can adopt a simple approach of Hollowing the core and separating the customer engagement layer to leap-frog the customer experience ladder. This simple yet highly effective strategy enables banks of all types, to exponentially increase their customer experience orchestration capabilities.
Amit Dua, President, SunTec, said, “via Confluence, our goal is to provide a meaningful platform for industry thought leaders to come together and deliberate upon the state of Digital Transformation. The response has been extremely positive with generous appreciation for the high-quality content. We are delighted to have delivered to expectations of our clients and partner eco-system in helping shape the Digital Transformation roadmap for the industry ”.