THE Brunei Association of Banks (BAB) recently hosted the ASEAN Bankers Association (ABA) Workshop titled ‘Building Digital Infrastructure for the Future of Banking’ at the Mutiara Ballroom, Radisson Hotel.
The guest of honour was Hajah Rashidah binti Haji Sabtu, Acting Deputy Managing Director (Regulatory and Supervision) of Autoriti Monetari Brunei Darussalam (AMBD).
Also present were Paul Gwee, Secretary General of the ABA; Sopnendu Mohanty, Chief FinTech Officer, Monetary Authority of Singapore and keynote speaker of the workshop; and the CEOs from banks in Brunei. More than 100 people attended the workshop.
The workshop, the first of its kind in Brunei, focussed on topics relating to financial technology digital infrastructure such as blockchain technology, open application program interface (API) infrastructure and cybersecurity as well as new technologies in digital payments for home-based small traders and micro businesses.
Mubashar Khokhar, Chairman of the BAB and Chief Executive Officer and Managing Director of Bank Islam Brunei Darussalam (BIBD), said, “In today’s era of converging technologies, we can no longer ignore the possibilities and opportunities brought about by digital technologies.”
He further elaborated that holding the workshop in Brunei is vital in achieving the ABA’s objectives of contributing to the ASEAN Economic Community (AEC) and promote active collaboration of ASEAN banking institutions.
During the workshop, a panel comprising key personnel from AMBD, BIBD and Baiduri Bank discussed the importance of bringing these new technologies to the Brunei market, how this can be done and how the key objectives may be incorporated in the designs.
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