Speaker : Trần Thành Nam
Organization: Moca Technology and Services Corporation
Building retail banking ecosystem on digital platforms – Bank and Fintech partnership.
Nam Tran is co-founder & CEO of Moca, a pioneering mobile payment startup. Moca is a licensed payment service provider that has partnered with a dozen leading banks, including ACB, BIDV, Sacombank, Vietcombank, Vietinbank, VPBank. Its patented products pioneered the increasingly popular QR code mobile payment method and Moca have gained acceptance at large merchants such as McDonald’s, 7-Eleven, Vietnam Airlines as well as micro retailers, and most recently Grab. Before Moca,Nam worked as Deputy CEO, Head of Division at Maritime Bank, co-founded Mobivi – the first e-wallet in Vietnam, and worked as a Program Manager at Microsoft in Redmond, USA. Nam did his PhD at Monash University, Australia.
“Banking is necessary, banks are not” – a saying attributed to Bill Gates. Now some people say “banking is not important, life experiences are” – and that is true. Therefore, banks should bring retail banking services into the digital life of the modern consumer. To do that, partnering with fintech can help banks maximize their strengths and become a significant component in the digital ecosystem within which consumers practically live. With complementary characteristics and strengths, banks and fintech can combine to build better technologies, products and services, and even create new business models.