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Bringing Innovation to Banking: A Journey Through Tech Fusion 2023
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Bringing Innovation to Banking: A Journey Through Tech Fusion 2023
Bringing Innovation to Banking: A Journey Through Tech Fusion 2023 1300 972 Exist Software Labs

Makati City, Philippines – In a dynamic fusion of technology and banking, Tech Fusion 2023 ignited sparks of innovation and ushered in a new era of financial technology last September 21, 2023. Hosted at the Microsoft Philippines Office in Makati, this exclusive event brought together prominent figures from the banking industry, top executives, and decision-makers to explore the transformative power of DevOps, Cloud Migration, and API Management. In collaboration with Crayon and Microsoft, Exist Software Labs, Inc. unveiled a world of possibilities for the BFSI (Banking, Financial Services, and Insurance) sector.

Charting a New Course

Tech Fusion 2023 was not just an event; it was a voyage into the heart of digitalization in banking. The journey explored three main areas:

  1. DevOps Dynamics: Time-to-Market Accelerations with Confidence

The first leg of the journey examined how DevOps practices can dramatically accelerate time-to-market for banking solutions while instilling confidence in the process. Attendees learned strategies to balance speed and quality, ensuring robust software delivery.

  1. New-Age Competition: Modern Infrastructure and Cloud-Native Architecture

In the second phase, the discussion revolved around modernizing infrastructure and embracing cloud-native architecture. Experts elaborated on the pivotal role of microservices, containerization, and serverless computing in building scalable and resilient banking applications.

  1. API Quest: Navigating the Infinite Possibilities of Banking Innovation

The final stretch explored the infinite possibilities of banking innovation through API Management. Attendees gained insights into how API technology simplifies banking transactions and integrates diverse applications into a unified platform, fostering financial inclusion and transparency.

Exist Awarded as Crayon’s Partner for Banking Solutions in the Tech Fusion 

The event commenced with a warm welcome from Willex Perez, Exist’s Co-founder & VP of Sales & Marketing. He expressed his enthusiasm for collaborating to enhance efficiency and satisfaction in banking through digitalization.

The highlight of the day was the official launch of Exist’s Digital Banking Solutions, known as the Exist Banking and Financial Services (EBFS) Business Unit. Jemelyn Ambrosio, BFS Business Unit Head, unveiled the digital banking roadmap, which depicted the evolution from traditional to digitally mature banks.

Following the presentation, Crayon Philippines recognized Exist Software Labs, Inc. as their primary partner in Banking Solutions in the Philippines. Carlos Sevilla, Crayon Philippines’ Channel Sales Director, presented this recognition to Exist.

Embrace the Future: Begin Your Digital Banking Journey Today

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Panel Discussion

The heart of Tech Fusion 2023 beat within the panel discussions. Seasoned experts from diverse backgrounds shared their experiences and insights:

  • Randy Cabredo – Solutions Area Specialist for Azure, Microsoft
  • Chester Guerrero – Head of Production Security, Maya Philippines
  • Carlos Sevilla – Channel Sales Director, Crayon
  • Jonas Lim – Vice President of Technology, Exist Software Labs
  • Dennis De Vera – Director of Technical Services, Exist Software Labs

These panelists wove together their experiences and domain expertise to create a rich tapestry of knowledge. They delved into innovations and real-world implementations, answering participant questions and unraveling the intricate world of digitalization. The Tech Fusion event illuminated the path to a future-ready digital banking landscape through DevOps, Cloud Migration, and API Management.

While enjoying lunch, attendees seized the opportunity to network with technology experts and engage in enlightening conversations with fellow banking leaders. It was a moment to connect, share ideas, and envision a digitally transformed future for the BFSI sector.

Crayon’s Digital Transformation Insights

After the lunch break, Crayon’s Business Development Manager, Gab Villanueva, took the stage to share valuable insights on digital transformation. This added yet another layer of knowledge to the event, further enriching the participants’ understanding of how technology can drive financial institutions forward.

A Fusion of Knowledge, Innovation, and Fun

Tech Fusion 2023 was not just an event; it was an experience filled with knowledge, insights, fun, and new technologies. Banks across the Philippines can now leverage the wisdom shared during this event to embark on their own journeys of digital transformation, ultimately benefiting their customers and securing a competitive edge in the rapidly evolving BFSI landscape.

As the sun set on Tech Fusion 2023, the banking industry in the Philippines looked forward to a future illuminated by innovation, collaboration, and the limitless potential of technology.

Tech Fusion 2023: Shaping the Future of Banking, One Innovation at a Time

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The New Era of Digitalization in the Banking and Finance Industry
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The New Era of Digitalization in the Banking and Finance Industry
The New Era of Digitalization in the Banking and Finance Industry 650 486 Exist Software Labs
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Digitalization in Banking and Finance

If there is something that is only constant in this world, it is CHANGE. As industries evolve and competition becomes more intense, financial institutions are also elevating their offerings.

The banking and finance industry has undergone a significant transformation in recent years with the rise of digitalization. From online banking to mobile payment solutions, digital technologies have revolutionized the way financial institutions operate and interact with their customers. To explore this topic further, join us on our first podcast episode, “The New Era of Digitalization in the Banking and Finance Industry.”

In our first episode, we discuss the latest trends, challenges, and opportunities in the banking and finance industry. Our expert guests share insights on how digitalization has changed the way we manage our finances, and what this means for financial institutions and customers alike. We delve into the benefits of digital banking, such as increased accessibility and convenience, and the risks associated with it, including cybersecurity threats and data privacy concerns.

Contact Us Today to Learn More about Digital Banking!

Begin the digital banking revolution.

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Exist Software Labs, Inc.’s Panel Discussion about Digital Banking enlightened PH’s Banking & Finance Companies the Importance of Digitalization
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Exist Software Labs, Inc.’s Panel Discussion about Digital Banking enlightened PH’s Banking & Finance Companies the Importance of Digitalization
Exist Software Labs, Inc.’s Panel Discussion about Digital Banking enlightened PH’s Banking & Finance Companies the Importance of Digitalization 650 486 Exist Software Labs

Last June 16, 2022, Exist Software Labs, Inc. in partnership with YugabyteDB and DAON, held an online panel discussion entitled, “Fast Track: Digital Banking Trends in the Post-Pandemic Era”. The discussion talked mainly about the bank’s digitalization, digital security, & the preparedness of Philippine banking and financial industry technical infrastructure in scaling and technology flexibility to match the digital innovations.

Michael Lim, President & CEO of Exist welcomed the attendees of the discussion and provided them an overview of the objectives, the topics to be covered, and industry updates.

Post-Pandemic Digital Banking Innovations

    • What are the new innovations that the public can expect from Digital Banking?
    • A lot of consumers shifted from traditional to digital Banking but here in the Philippines, a big part of the population is still unbanked. How do you plan to reach the unbanked & underbanked?
  • Readiness of Philippine Financial Infrastructure
    • Are Philippine Banks’ infrastructures scalable and flexible enough to match their digital innovations?
  • Security in Digital Financial Platforms
    • During the pandemic era a rise in Digital Fraudsters, Hackers, and Phishing was observed, how does the BFSI sector address this concern?

Given that we have panelists that are industry leaders, participants of the event engaged to a great extent that made the discussion more interesting. 

While these attacks (hacking) are going up, username and password are just a first line of defense and what we, as a vendor suggest to our customers is to look for a multi-factor transaction journeys…It could be biometrics, use their fingerprints, use a voice for second factor authentication, or even sending notification on apps.”

Trilochan Sehgal - Regional Vice President, Southeast Asia - DAON

“The whole idea is, it’s not about just moving to an infrastructure that provides scale and flexibility, but it’s about how do you utilize the data effectively to differentiate and provide personalized services is one of the key aspects and that is where the banks can actually be able to innovate much faster.”

Vish Phaneendra - Head of Solution Engineering, Asia-Pacific & Japan - YUGABYTE

“They said, “Data is the new oil” but it will not be of value if you will not be using it at the right time, at the right place, and at the right opportunity.”

Melecio Valerio - Head of Data Governance, MAYA

“Banks would probably decrease but banking will always be there. There will still be physical branches but I think more and more banking app will be hidden behind other shopping or even travel apps.”

Ramon Abasolo - SVP and Digital Retail Banking Group Head, ROBINSONS BANK

“We also worked with the regulators because the regulators become aggressive in allowing banks to open accounts with minimum documentation. Unbanked customers with no government IDs can open basic deposit account and customers can choose to bank without really having to present all these documentary requirements in the past.”

John Howard Medina - Chief Operating Officer, PBCOM

“We see the whole digital is nothing but about data – It starts with data & ends with the data”

Basudev Banerjee - APAC Financial Services Leader, MICROSOFT

“In Exist, when building a software, security is part of it, especially when we are building banking application. The good news is, there are a lot of ways to do security, a lot of ways to predict threats around the infrastructure. Those are the things as an organization we provide and help our partners with.”

Michael Lim - President & CEO, Exist Software Labs, Inc.
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Banking Modernization - Making Your Bank Cloud Ready, Java, Java Philippines
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Banking Modernization 2022- Making Your Bank Cloud Ready
Banking Modernization 2022- Making Your Bank Cloud Ready 768 487 Exist Software Labs

Last September 29, Exist Software Labs in partnership with Microsoft, conducted a webinar about Banking Modernization. As one of the important parts of digital transformation, our speakers discussed topics that IT Heads and Decision Makers in the BFSI Industry need to learn and apply in their organizations.

Banking Modernization

Exist’s Vice President for Technical Services Mr. Jonas Lim introduces the event with a warm welcome to the audience, providing them with an overview of the event and what the speakers will discuss.

The following are the topics our speakers discussed:

  • Having a Cloud-Ready Application
  • Migration from On-Premise to Cloud
  • Steps on having a BSP-Approved Cloud Environment
  • Modern Data Warehouse
  • Microsoft Solutions Assessment Program  

In emphasizing the importance of having a cloud-ready application in banks, Dennis De Vera, Exist’s Solutions Architect told us that having a cloud-ready application will give the banks a seamless process of scalability, a secured platform that will ensure all the data and reliable infrastructure.

He also gave some points to assess if the organization is already cloud-native like the management, infrastructure, development, & consultants who specialize in the practices & implementation of this kind of project.

Mark Martinez shared the migration from on-premise to the cloud. He told us the difference between the horizontal and vertical development strategy and how innovative the technology is in building the cloud infrastructure.

On the technical side, He discussed how the transition was delivered in Banking Modernization. Using CI/CD tools like Jenkins, Azure DevOps & CISCO, the migration became possible. It is more portable with the use of build files (yaml) that can be pushed to the repository.

He said that sooner or later, serverless is the future with Banking Modernization. 

On the other hand, we have speakers from Microsoft that discussed Modern Data Warehouse and Microsoft Cloud Solution Assessment Program.

Emil Pastor – Cloud Solution Architect, Data & AI, and Marian Tolentino – Solutions Sales Professional from Microsoft speaks about the Modern Data Estate, Data Strategy, and Link to Value and Solution Architecture. They shared the common challenges that BFSI industries are experiencing nowadays and how Microsoft would help in eliminating these challenges.

Truly, data is important as it creates value for the businesses to observe, analyze and create strategy to build a process that is seamless and innovative in both business and customer end.

Moreover, Russell Mazid who specializes in Cloud Solution Assessment discussed where business cloud journeys start and how it will give an advantage to the BFSI industry. 

Check out our Digital Banking Solutions and learn about how it helped some of the banks in the Philippines in the country and provided innovative and seamless processes.

Exist Digital Banking
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