July 17, 2024, Bangkok, Thailand – Sunline Core Banking Forum Thailand 2024, was a resounding success in Bangkok. Hosted by Sunline, supported by partners Huawei, PwC, and OSD, the forum gathered nearly 200 industry leaders and experts to tackle the pressing issues of digital transformation and core banking modernization.
SunCBS: The Core Banking Systems of Tomorrow’s Banks
Sutee Srivorapetch, Ken Siew, Avy Lim, Wenyi Luan and Prapan Chantavutsettee Officially Launched SunCBS in Thailand
A major highlight of the event was the official launch of Sunline's next-generation core banking solution, SunCBS. This unveiling marks a pivotal moment in banking technology for the Asia Pacific region. While Wenyi Luan, Senior Solution Director of Sunline, presented the core functionalities of SunCBS, emphasizing its open architecture principles that modernize legacy systems, enhance operational efficiency, and provide seamless digital experiences.
The forum began with a warm welcome from Avy Lim, Executive Vice President of Shenzhen Sunline Tech Co., Ltd. She celebrated Sunline's ongoing commitment to delivering advanced core banking technologies since 2016 and highlighted the recent core banking modernization contract with Siam Commercial Bank (SCB) as a new industry benchmark.
Ken Siew, CSO of Sunline, delivered a keynote address exploring the transformative roles of AI, machine learning, blockchain, and cloud computing in banking. Wenyi Luan expanded on how SunCBS is revolutionizing legacy banking systems. Sutee Srivorapetch, Deputy Managing Director of Sunline Thailand, discussed strategies for Thai banks to overcome challenges related to scalability and flexibility. Surasak Wanichwatphibun, CTO of Huawei Thailand Cloud Business, highlighted the move towards cloud-native infrastructure and AI integration. Jonathan Sharp, Partner at PwC, emphasized the necessity of digital platforms for new customer experiences, rapid innovation, and streamlined processes.
The forum featured an impactful panel discussion on "Navigating The Future of Core Banking Modernization" moderated by Sutee Srivorapetch. Panelists included Avy Lim, Jonathan Sharp, Paisal Kiattananan (First Executive Vice President of SCB), and Ethan Wang (Chief Technology Officer of Huawei Asia Pacific)
The discussion centered on the importance of assessing readiness for technological advancements and regulatory compliance. Key challenges such as integrating legacy systems, ensuring scalability, managing cultural shifts, and addressing technical debt were explored. The panelists also stressed the importance of IT-business collaboration, effective change management, and leveraging cloud computing and AI for successful core banking transformations.
The Core Banking Forum Thailand 2024 concluded with rich discussions, insightful talks, and valuable networking opportunities between industry experts and banks. The event underscored Sunline's dedication to advancing the banking industry in Thailand and beyond. Sunline looks forward to continued innovation and collaboration, shaping the future of banking with its esteemed partners and clients. As we move forward, Sunline remains committed to pioneering the core banking systems of tomorrow, driving digital transformation, and setting new standards for excellence in the financial industry.
About Sunline Core Banking Forum Thailand 2024
Thailand's banking sector is at the forefront of a digital revolution, rapidly adopting advanced technologies to enhance customer experience, streamline operations, and maintain a competitive edge. Supported by progressive regulations, Thailand's banks are leading the charge in digital banking, mobile payments, and fintech partnerships. As demands for seamless, secure, and personalized services soar, the need for innovation is critical. This exclusive event addresses the pivotal challenges of digital transformation and core modernization. Engage with industry leaders, uncover cutting-edge strategies, and gain actionable insights to propel bank in the rapidly evolving financial landscape.
