Michael Ho of Oliver Wyman to grace the 2019 ABF Digital Payments Summit

He will share how to compete across the payments industry amidst its digital shift.

Michael Ho is a Principal in the Financial Services practice of Oliver Wyman’s Hong Kong Office. He has rich consulting experience across Asia, focusing primarily on global transaction banking, corporate banking digitisation, and payments innovation. Ho has worked with both traditional banks and fintech startups on topics such as digital acceleration, market entry strategy, and target operating model design.

Michael holds a bachelor’s degree in Global Business and Economics from the Hong Kong University of Science and Technology (HKUST).

Asian Banking & Finance reached out to Oliver Wyman for an inside look at Michael’s work experience and his upcoming session in the Digital Payments Summit.

What are Michael Ho’s previous experiences and positions that contributed to who he is as a banker/expert today?

Michael developed digital sector strategies for multiple leading financial institutions (FIs) in Asia and globally, focusing on payments and cash management, cross-border offerings, and integration with non-banking ecosystem partners. He also designed a next-generation global transaction banking (GTB) target operating model for a global universal bank, focusing on client and processing digitisation, future-proofing technology capabilities, and upskilling existing teams. He led digital global transaction banking (GTB) acceleration and build programmes for some of the leading regional banks in Southeast Asia and Middle East & Africa to deliver platform-based business and to establish a digital, advisory and solution-led cross-border banking proposition. Ho assesses the digital cross-border payment landscape by working with leading FIs and conducts business due diligence on select fintech players.

Can you give us a glimpse of what Michael will share at the ABF Digital Payments Summit 2019?

Michael will talk about the rise of emerging payment competitors in addressing cross-border challenges.

• APAC is the strongest growth engine for global payment revenues and is reaching ~$100b, with 1/3 volume estimated to shift to disruptive models by 2025.
• Cross-border payments are at the heart of this growth, but are still facing numerous challenges from both supply (payment providers) and demand (payment users) ends.
• A number of forces are converging and have immense potential to overcome conventional challenges, and putting a significant share of incumbent revenues at risk.
• Impact of disruption will vary by segment, but delivering sustainable impact will require solutions that do not only address "transactional" needs but also "operational” requirements (e.g., manual to digital).
• Disruptors are typically targeting key parts of the payment lifecycle beyond pure payments to deliver efficient cross-border solutions or to disintermediate traditional payment flows.
• Incumbents are leveraging their franchise position and global expertise to drive innovation and working with the industry to create new and more efficient infrastructure.
• Regardless of the winner, success will have real economic impact on increasing flows to the broader economy by ~10%, increasing contribution to real GDP by increasing savings on payments, improving clients' working capital and driving end-to-end business operational efficiencies.

The 2019 ABF Digital Payments Summit will take place on 28 August in Hong Kong. To learn more about the event, click here. To register, click here. For inquiries, you may contact Andrea at [email protected] or at +65 3158 1386 ext 212