SPX (ASX) Voluntary Suspension

Originally posted by Midnight26: ↑

NAB is the bank that seems to crop up a lot in the B2B space more than the others (with Visa and MC and APAC)...

https://www.commercialpaymentsinternational.com/asia-pacific-summit/agenda/

Development of payments ecosystems in Asia

The evolution of the B2B ecosystem in Asia is rapidly accelerating. National lockdowns cast a spotlight on inefficiencies in payment systems and the need to automate. Yet Asia is an engine of innovation, notwithstanding Alipay’s $30bn suspended IPO, the payments revolution continues. The proliferation of payment and credit solutions for business, using an ever expanding array of processes and protocols, across a dynamic and diverse region is as exciting as it is bewildering. The deep and rich markets of payment cards, virtual accounts, digital wallets, neo-banks, expense apps, mobile VCN, AP systems, electronic and wire transfers protocols, and remittance systems make for a kaleidoscope of opportunity. Global and local banks vie for B2B market share in an ever shifting competitive landscape, characterised both by consolidation and new entrants in the market. Critical to success in this market place is a collaborative approach where buyers and sellers come together to work on payment ecosystems that are economical and workable. In this session we map how the B2B payments solutions will play out in markets the year ahead and the likely winners in the post pandemic world.

Ajay Adiseshann, Founder & CEO, PayMate

David Newington, Commercial Director, APAC, AirPlus International

Mostafa ‘Mo’ Sabet, Vice President, Product Management - Asia Pacific, Mastercard

Sabrina Sng, Head of Commercial Payment Solutions, APAC, Discover Financial Services
Regulation and risk: KYC, AML, Fraud and data compliance
Regulatory compliance and risk controls in payments continue to strengthen as financial supervisors across Asia roll out tougher AML and CFT criteria, by adopting standards set by the intergovernmental Financial Action Task Force (FATF), creating the need for stringent KYC due diligence practices for both FIs and corporate clients to stamp out fraud and criminality. Remote working has also increased security concerns on data breaches. In addition, the increase of data protection measures, and data localisation laws in China, India, Indonesia, Australia and Vietnam, are likely to roll out further in the region restricting how banks and issuers can store and share client data locally. The cost of compliance and the impact on how card issuers and payment solution providers operate in the region is significant. Yet regulation across Asia is not uniform and is developing at different paces as local regulators play catch up. In this session, issuers and regulators examine the challenges and opportunities that greater supervisory scrutiny brings to the B2B payments markets in the region.

John Casanova, Partner, Sidley Austin LLP

Arpit Ratan, Co-Founder and Business Head, Signzy

Corporate payment systems: moving the digital needle

Prior to the pandemic, corporations with well-developed payment and procurement processes, and operating within strong governance frameworks in the APAC region had few incentives to modify legacy systems with new technologies; the ‘if it ain’t broke, don’t fix it’ adage applied. Yet the pandemic has created an imperative to digitise and upgrade from legacy AP and AR systems to integrated payables solutions. So how do you build a compelling business case for systems change? What drivers will cause corporate migration and mobilisation to new digitised solutions? In this session we hear strategic insight and practical cases on incentivizing the take up of solutions (such as virtual cards, and VCN solutions, digital payments, expense solutions) for large corporations and critically, their regional suppliers.

Jukka Rinta, Head of Commercial Cards, National Australia Bank

Nicole Ashong, Sales Senior, Commercial Cards Asia Pacific, Citi Treasury & Trade Solutions

Carol Ho, Head of Large and Middle Market, Asia Pacific, Visa

Clara Wang, Managing Director, Head of Corporate Payables, Cross Currency and Global Cards, Product Management, Bank of America

Expand

Thanks for posting this information regarding the new B2B space,... it won't take long before business understands this is to be the required way to do business moving forward. Will practically be a mandate to do business.
We really are on something massive here l do believe.

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(20min delay)
Last 0.9¢		Change -0.001(10.0%)		Mkt cap ! $38.92M

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Voluntary Suspension, page-50

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