Director – Southeast Asia at ACI Worldwide
Mark helps banks and financial intermediaries across Southeast Asia to navigate the shifting payments landscape, providing solutions to modernize the payments infrastructure for customers and finding new revenue streams in a competitive fintech environment. Throughout his career, Mark has directed numerous client engagements, ranging from defining strategy through to systems integration and implementation. Prior to ACI Worldwide, Mark worked for multiple global companies providing solutions to corporate banks – delivering core banking, risk and compliance, transaction banking and payments solutions. Outside of work, Mark takes part in long-distance triathlons. He holds a Computer Science degree from the Royal Melbourne Institute of Technology.
Articles by Mark Looi
How ISO 20022 Represents Both a Challenge and an Opportunity for Southeast Asia’s Payments Landscape
Governments across Southeast Asia (SEA) are increasingly recognizing the vital role that payments play in the engines of their economies, which has resulted in a number of payments modernization initiatives such as those in Vietnam and Malaysia (PayNet). Yet there is one particular area in which SEA’s financial institutions might still be lagging behind their global counterparts: the adoption of ISO 20022, which has become the global standard for high-value payments and immediate payments (IP) when it comes to cross-border payments.
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Global Payment Trends
As the world adopts real-time payments, how does your market stand to benefit?