Manila, Philippines – The recent ransomware attack against government-controlled health insurance entity PhilHealth depicts a dip on the Philippines’ overall digital quality of life, new data from Surfshark.

Overall, the Philippines is ranked 60th in the overall ranking on digital quality life globally in 2023, dropping by five places from last year.

According to the data, the Philippines ranks 45th in the world in e-security — 1 place lower than last year. While it has beat its other regional counterparts such as Indonesia (61st) and Malaysia (48th) and have data protection laws in place, the country still suffers from various cyberattacks–including the recent ransomware attack carried out by the Medusa group.

Meanwhile, the country ranks 54th in e-infrastructure and 64th in e-government. For context, the e-government pillar shows how advanced a government’s digital services are and the level of AI readiness a country demonstrates, while e-infrastructure shows how it is easy for people to use the internet for various daily activities.

Moreover, the data also notes that Internet in the country remains unaffordable, with Filipinos having to work 10 hours 5 minutes a month to afford fixed broadband internet, and 3 hours 8 minutes 52 seconds a month to afford mobile internet. 

Despite all of this, the internet speed is now 25% higher than the global average, with fixed internet averaging 119 Mbps, and mobile internet averaging 55 Mbps. Since last year, mobile internet speed in the Philippines has improved by 43%, while fixed broadband speed has grown by 59%. Compared to Indonesia, the Philippines’ mobile internet is 107% faster, while fixed broadband is 229% faster.

Gabriele Racaityte-Krasauske, spokeswoman at Surfshark, said, “In many nations, ‘digital quality of life’ has merged into the broader concept of overall ‘quality of life’. There’s no other way to look at it now that so many daily activities, including work, education, and leisure, are done online. That’s why it’s crucial to pinpoint the areas in which a nation’s digital quality of life thrives and where attention is needed, which is the precise purpose of the DQL Index.”

Singapore –  A staggering 70% of banks in APAC failed to achieve digital transformation for their banking platform, as reported by Backbase. 

The latest report challenges the long-standing default approach of building in-house solutions for digital engagement banking platforms. 

According to the data, 65% of mid- to large-sized banks in the region have opted to build their engagement banking platform in-house to attain digital transformation. And of this number, 70% of these projects have failed due to costly and lengthy in-house efforts. 

An overwhelming 80% of digital engagement platforms built in-house with a budget of $10 million also face underperformance and have not yielded the desired ROE in their digital initiatives. 

Despite having embarked on digital transformation since the 2000s, many banks in APAC remain at an early stage, failing to fully capitalize on its benefits and deliver compelling digital customer engagements.

Furthermore, the latest report also highlights a crucial disconnect between banks and their customers, where most banking products and offerings are deemed “me-too” and limited, resulting in shortfalls in digital experiences. 

As banks focus on locking in a high amount of resources to get banking platforms into shape, they fail to prioritize the creation of differentiated upstream customer journeys and experiences. As a result, customers face challenges accessing multiple services through disparate interfaces, lack a unified view of their portfolios, and endure lengthy onboarding processes. 

The demand for instantaneous approvals and streamlined digital processes remains unmet, while personalized experiences, segmentation, and relevant promotions based on customers’ lifestyles, life moments, and goals continue to elude them.

Additionally, backend operations suffer due to the lack of intelligent assistance in contact centers, leaving customers repeating information to different service officers due to the absence of a 360-degree unified customer view. 

However, the current report also found that the “Adopt and Build” approach is a pragmatic solution for banks to accelerate their go-to-market efforts, differentiating where it matters instead of reinventing the wheel by building from scratch. 

By adopting a collaborative platform and building upon it, banks can achieve a 40% faster time-to-market, where digital engagement banking platforms can be launched within 11 months, as compared to the traditional 20 months with a full “build” approach. In addition, “Adopt and Build” had proven to be more cost-effective, offering 2.3 times more than the traditional in-house “build” option.

The “Adopt and Build” approach was rated highest and had shown tangible advantages across six key metrics: market fit and differentiation, legacy risk, build risk, time to market, modernizing talent and IT skill sets, and regulatory compliance. This is in comparison to the “Build” and “Buy” approaches.

The in-depth report draws insights from 125 banks and 316 CIOs in APAC to offer a full regional perspective on digital transformation. Backbase commissioned IDC InfoBrief for the report. 

Ashish Kakar, research director of financial insights at IDC Asia Pacific, said, “Building in-house has been a de-facto strategy by banks, but it’s no longer feasible to deliver to the pace and scale that is required to be competitive. The complexities that come with the extensive amount of data layers, channels, features, upstream and downstream integration that needs to support legacy and modern systems to manage and orchestrate sophisticatedly is where in-house implementation breaks apart.” 

Riddhi Dutta, regional vice president at Backbase Asia, also shared, “A true platform comes with all the hygiene requirements from market fit, to security and regulatory compliance, to being versatile and customizable to support each bank’s unique customer needs. The platform is a composable fabric providing modularity and re-usable data and journeys for banks to help banks futureproof at scale.” 

Singapore – Global brand and customer experience agency VMLY&R is partnering with global environmental organisation The Nature Conservancy (TNC) to enhance the organisation’s social and digital presence to increase awareness, funding and action for its climate-fighting projects across the Asia-Pacific region.

Through the mandate, the agency will be responsible for developing TNC’s new digital platform, which will be the central portal for the charity’s employees, volunteers, donors and other partners, providing crucial information on its strategic plan and 2030 goals, along with detailed information and progress updates on its various projects, both regionally and by country.

VMLY&R will also lead TNC’s social content strategy across the region, performing an in-depth social audit with data analysis to understand current awareness levels and perceptions of TNC. 

The agency will use the insights and analysis to streamline the charity’s ability to reach and positively engage with its key audiences in the region, including potential donors, members and partners, spanning high net worth individuals, corporates and business leaders, governments, academic institutions, other non-governmental organisations (NGOs), media, influencers and more.

Genevieve Jiang, director of marketing and communications for Asia-Pacific at The Nature Conservancy, said, “Taking our digital and social presence to the next level is a crucial part of our organisation’s evolution in the region, allowing us to better connect with our teams and key target audiences to communicate the importance and urgency of the work we do.” 

She added, “This will help us drive funding, collaborations and partnerships – which are essential for creating real impact in APAC. We are delighted to be working with a purpose-driven agency that understands our goals and is dedicated to helping us achieve them.”

Meanwhile, Rhys Taylor, managing director at VMLY&R Singapore, commented, “At VMLY&R we are committed to creating connected brands that can have real influence. TNC has an important mission that affects us all, and we are privileged to be working to help them move the dial to combat the climate crisis.” 

Taylor added, “We believe that seamless, intuitive user experience is fundamental in creating a connected brand, and will be working with TNC to help them meaningfully engage with the right audiences, at the right times, in the right places, in order to maximise their footprint and create a greener, more sustainable future for all.”

The Philippines – Commercial banking company Union Bank of the Philippines (UnionBank) has unveiled its Open Finance Innovation Hub, the first-in-industry program that will provide an open digital ecosystem for innovation and co-creation in the country.

According to UnionBank, the Open Finance Innovation Hub will provide a platform where various organisations can work together, learn from each other, and create cutting-edge solutions that will drive progress and transformation in the fintech industry.

Last April 13, The Fintech Business Group of UnionBank launched its Open Finance Innovation Hub at the UnionBank Innovation Campus in San Pedro, Laguna. This program promotes open innovation by offering a digital ecosystem that breaks down silos and encourages trust and collaboration. 

The first phase of the Open Finance Innovation Hub starts with a 12-week capacity-building program for start-ups, incubators and accelerators, and venture capitalists to create the innovation ecosystem, whilst the second phase consists of creating an open-source platform.

In this space, collaborators from different industries can publish and consume problem statements, data, and models, becoming the perfect tool to co-create new ideas for innovation.

UnionBank kicked off the launch with contract signing ceremonies that sealed the collaboration between the bank and its first two batches of partners. AHG Lab Chief Operating Officer and Founders Launchpad Program Supervisor Rene Cuartero, LaunchGarage Chief Operating Officer Jojo Flores, Foxmont Capital Partners Managing Partner Franco Varona, and Animo Labs Executive Director Frederico Gonzales make up the first batch of partners.

Meanwhile, Aboitiz Equity Ventures Chief Transformation Officer Emilie Sydney-Smith, UBX Business Lead Mark Gorospe, and Philippine Stock Exchange Chief Operating Officer Atty. Roel Refran comprises the second batch of partners.

“Overcoming the challenges of open innovation requires a willingness to foster a culture of collaboration, to overcome the silo mentality that often inhibits innovation. It requires us to build trust and relationships, because trust is required between partners, which can be built through effective communication, transparency, and a mutual understanding of the end goal,” said UnionBank Fintech Business Group Head Erika Dizon-Go.

“Innovation is in UnionBank’s DNA, and this is why we created this space, to bring together the enthusiasts and experts from different industries, put our heads and minds together, and create ideas and solutions,” said UnionBank Chief Human Resource Officer Michelle Rubio.

Rubio added, “Open innovation matters more now because there is really a need to drive progress and transformation not just in our business, but society in general.”

Singapore – YouBiz, the corporate card and finance management platform by YouTrip, has announced their strategic partnership with cloud-based accounting software provider Xero. Said partnership aimed at reducing operational costs remains amongst SMEs in the Southeast Asian region.

It also aims to equip local businesses and startups with more capabilities to manage their corporate expenses efficiently through the integration of Xero’s accounting software.

Through this integration, YouBiz users can unlock automated sync on all multi-currency accounts with Xero, reducing manual reconciliation of expenses and erroneous accounting entries. YouBiz users who are new to Xero can also enjoy 50% off on any Xero accounting plan for 6 months.

Caecilia Chu, co-founder and CEO at YouTrip has expressed their excitement with said partnership, remarking that with growing inflation and rising prices, finance automation platforms with enhanced accounting capabilities will allow SMEs to cut down on operational costs significantly and redirect valuable funds and resources towards their global expansion plans.

“With Xero on board, YouBiz users will have better control and greater visibility over their business spending. And as we continue to be a valuable and reliable partner to SMEs, YouBiz will strive to forge more partnerships with digital brands and businesses that SMEs work with, to bring more returns and cost savings beneficial to companies, and aid them in their digitalisation efforts,” Chu said.

India – One of India’s leading e-commerce marketplaces Flipkart has awarded its digital agency of record (AOR) mandate to digital marketing agency 22feet Tribal Worldwide. The remit will include managing Flipkart’s digital campaigns and strategy.

Under the partnership, 22feet Tribal will be helping the brand drive business growth through creativity. The agency will also be focusing on strengthening Flipkart’s fashion, Beauty, General Merchandise and Home (BGMH), and mobile phone categories.

Moreover, the agency will be focusing on strengthening Flipkart’s relationship with its strong customer base of more than 250 million shoppers.

Speaking about the win, Preetham Venkky, president of 22feet Tribal Worldwide and chief digital officer of DDB Mudra Group, said, “With this digital AOR mandate, we are thrilled to be partnering with Flipkart. Our commitment to creatively enabling Flipkart’s next stage of growth with an increased focus on strengthening their commercial spectrum is hugely exciting.”

He also added that the partnership will see 22feet Tribal providing ‘clutter-breaking’ solutions to help Flipkart overcome challenges in the online marketplace.

22feet Tribal Worldwide has also previously acquired the digital mandate of Indian logistics marketplace Porter.

London – Global digital agency DEPT has announced its expansion in India with the acquisition of Indian Digital Experience Platform (DXP) services provider Tekno Point. The latter’s 500-strong team of Adobe specialists is expected to accelerate DEPT’s DXP service offering for its global client base.

The team will also be augmenting DEPT’s current engineering capabilities, with plans to double the size of the team within the next 18 months.

As part of the agency, Tekno Point will also be rebranded as Tekno Point/DEPT and will continue to operate under the leadership of Himanshu Mody, founder and CEO, and Yash Mody as CTO.

“Tekno Point’s proven Experience Engineering approach combined with deep Adobe DX expertise empowers enterprise customers to realise faster time-to-market and deliver hyper-personalised experiences across channels,” said Himanshu. 

Philip Cronin, senior director at Adobe Partner Sales APAC, also added that they are looking forward to working closely with the team from DEPT to drive even more success in India.

“India holds enormous potential as a domestic market and is host to a truly world-class talent pool. Our culture is ‘big enough to cope, small enough to care’, and we felt that same connection with Tekno Point when working together on several European and US clients,” Dimi Albers, DEPT’s CEO also explained.

Founded in 2000, Tekno Point has been offering an in-depth understanding of Adobe technology across several industries for clients including IDFC Bank, Tata Capital, Bajaj Allianz, Asian Paints, Rosewood Hotels, and Tata AIA.

On December 2022, DEPT has also launched its 300-person team called WEB3/DEPT targeted at optimising Web3 experiences for its clients.

Singapore – Digital experiences have become imperative in the past 2 years of a socially-restricted environment, and now that in-person engagement is getting back on its feet, Sitecore, the global leader in digital experience management software, aims to lead the conversation in disrupting digital experience technology that is charging towards a composable future.

After 2 years of the pandemic era, Sitecore Asia hosted their largest, in-person event to discuss and celebrate the now and future of world-class transformative digital experiences that are elevated through the seamless integration of content, experience, and commerce. Conducted in Riviera, Mediterranean Fine Dining by the Bay in Singapore last 22 November, Composable Future Asia hosted a stellar full-house turnout of over 100 top digital leaders from across Asia. 

Sitecore, leading the composable future 

The event kicked off with Dave O’Flanagan, Chief Product Officer of Sitecore, who delivered his keynote session on ‘The future is composable: delivering standout digital experiences across every customer journey’

O’Flanagan dove deep into the latest product innovations at Sitecore and sets out Sitecore’s vision for the next 12 months. He shared how Sitecore’s evolving end-to-end composable digital experience platform (DXP) is targeted at giving brands the agility, speed, and flexibility they need to meet the demands across the customer journey at every moment.

Challenges and opportunities of the ever-changing customer expectations

At the heart of the event is a highly anticipated customers’ panel discussion that rounded up several industry thought leaders from top organisations across Asia.

The discussion saw digital and tech heads Chirag Desai, Head of IT Digital & Channels Solutions at The Hong Kong Jockey Club; Dheeraj Taneja, VP for Product Design & User Experience Design at Adani Digital Labs; Geoff Smeaton, Head of Technology for APAC at Wunderman Thompson; and Preetham Nadig, Head of Product & Engineering for Digital & Data Solutions at Zuellig Pharma on how mainstream and B2B consumers see their expectations changing when it comes to digital experiences delivered by brands.

The session addressed the important question of how different industry players have responded to the challenge of accelerated digital demand during the pandemic and now post-pandemic.

For Hong Kong’s sporting and betting firm The Hong Kong Jockey Club (HKJC), their Head of IT Digital & Channels Solutions Chirag Desai said that beyond the predicament of social restrictions, they are also called on to respond to the growing multi-generational consumer base where each cohort brings a distinct set of expectations and behaviours.

For example, Desai shared, owning a horse draws more interest from the older demographic, so the strategy in question becomes, how is the company able to retain said experience as relevant even to other consumer bases.

“What we found is that, a younger generation of customers…we were losing them, that we were selling a product or an experience, if you will, that was not relevant to them. They were not interested in bits of paper and going to the shop and all this kind of stuff for share of wallet,” said Desai.

Meanwhile, for Asia’s leading pharmaceutical healthcare services provider Zuellig Pharma, as one of the critical healthcare providers during the global health crisis, they were pushed to quickly pivot the entire value chain and have each point digitised in one fell swoop.

“Zuellig Pharma operates across the value chain, connecting connect clients and consumers across clinical reach, commercial, distribution, channels, as well as patient care. As we are engaged across the entire spectrum of [the] value chain, it was especially important for us to accelerate every single piece of this ecosystem when the pandemic struck,” shared Preetham Nadig, Zuellig Pharma Digital & Data’s Head of Product & Engineering.

In imparting their perspective, India’s Adani Digital Labs coined an interesting term, the ‘economy of convenience’. Dheeraj Taneja, its VP for Product Design & User Experience Design, said that in line with this, it’s the unpredictability of the consumer that keeps them on their toes.

“Convenience is the key. If a brand is able to provide you [with] the same, your loyalty shifts instantly,” he said.

He continued, “If we talk about the challenges…the challenge I think is the non-predictability of the consumer…if he gets a better deal somewhere, he [moves] instantly.” 

Meanwhile, on the opportunities amidst the pandemic, Taneja said it is simply the innovation of digital itself – the intervention and evolution of digital that spurred in the lives of customers. 

“The opportunity lies in the communication with the customer. Brands must have two-way communication across all touchpoints to have best-in-class consumer experience,” he said. 

How organisations future-proof their business through leveraging modern, cloud-based technologies 

The subject matter experts discussed modern technologies they see emerging that would help strengthen brands’ relevance, and in line with this, the new possibilities companies must not fail to explore to create value in both the short and long term.

In line with its multi-generational imperative, HKJC’s Desai shared it was important that they move to cloud technology to bring in a consumer experience that would cut across all age groups to drive lasting impressions and customer loyalty.

“[We] [started] small. So we build a private cloud; we started building containers,” he said. “We build internally a more flexible platform, composable platform, if you will, that allows us to now start building experiences for a new generation of customers.”

During the pandemic, Zuellig Pharma launched a B2B e-commerce platform for a smarter and more convenient way to buy and sell healthcare products via eZRx. In addition, the organisation launched a super app solution for digital healthcare to enable the timely offering of different vaccination programs through the platform.

Nadig said that the expectation has now become the level of engagement and service as in B2C; which means that B2B players now also demand a B2C-intensive consumer experience.

“That’s been the kind of the key focus area for us at Zuellig Pharma. We really want to double down [on] digital experiences. We are building a digital experience platform in the composable nature of these solutions,” he said.

In today’s fast-changing world, the leaders agree that to deliver exceptional digital-based consumer experiences at this rate, foundational technologies must be adaptable, and thus, composable.

Adani’s Taneja captures this the same, “Another important area [is the] iterative process and [an] iterative process is required to build an ecosystem, which will enable loyalty of the customer. So, if you want to retain the customer, you must keep on iterating, keep on evolving.”

He further added, “I have seen the world is moving from MVP to MDE; minimum viable product to minimum delightful experience. I think as an industry, we all must come together and build delightful experiences.”

In true composable nature, guests were gifted Sitecore-branded LEGO sets which they can build into a modular spacecraft, enabling them with the flexibility to design, develop, and deliver their own dream customer experience. Alongside this bespoke door gift, attendees embraced a social challenge where they share their customised creations on LinkedIn with the hashtag, #SitecoreComposableFutureAsia.

This future-centric event was successfully launched in partnership with Aleph, SmartOSC, and Wunderman Thompson.

Reach out to Sitecore to learn more about how they’re elevating brands and disrupting the market through innovative digital solutions.

This post is created in partnership with Sitecore. 

Sitecore is a global leader of end-to-end digital experience software. Unifying data, content, commerce, and experiences, our SaaS-enabled, composable platform empowers brands like L’Oreal, Microsoft, United Airlines, and PUMA to deliver unforgettable interactions across every touchpoint. Our solution provides the cutting-edge tools brands need to build stronger connections with customers, while creating content efficiencies to stand out as transformation and innovation leaders. Experience more at sitecore.com. 

Mumbai, India – Madison World’s digital arm Madison Digital has recently launched its digital creative unit ‘Madison Loop’, which will offer social media management, digital creative development and solutions, SEO, ASO, website development and management, technology solutions, influencer management and content collaborations.

Madison Loop has already developed a portfolio of work for clients including McDonald’s, Vicco, Joy Cosmetics, Raymonds, Pidilite, ePay Later, Godrej Properties, Bandhan Bank, Asian Paints, Zee5, Glide Invest, and Zee Bangla, amongst others.

Madison Loop will be led by Kosal Malladi, vice president at Madison Digital who will continue to report to Vishal Chinchankar, CEO of Madison Digital and Madison Media Alpha.

Vikram Sakhuja, Group CEO at Madison Media and OOH said, “For any creative idea to be successful it needs to be adapted to the syntax of the platform. In Digital the creative idea needs to be expressed across platforms as varied as Instream video, Breakbumpers, display, social media posts, microsites, social messaging, influencers, content etc. Under Kosal’s leadership we are very excited to launch Madison Loop that will not only create a platform relevant expression of a creative, but also link it to outcomes using data and tech.”

Meanwhile, Chinchankar commented, “We need creativity now more than ever. This digital multiverse finally allows us to have a dedicated division to cater to all our clients’ creative needs under one roof. The new expansion of Madison Digital under Kosal’s leadership will be a great step forward for the company.”

Lastly, Malladi said, “I have been a part of Madison since 2014. I have seen digital evolve from a good to have to an absolute must have. Digital, today, can no longer be just about that one video or banner. Media and creative need to work hand in hand to tap into the digital consumer. Madison Loop’s focus is on solving business problems by layering creative magic with ‘data and technology’ solutions. Madison Connect and Madison Automate are tools that have been built by Loop to scale Influencer management and Creative automation respectively. I am really excited to scale Madison Loop.”

Australia – WiredCo., an Australia-based advertising agency, recently announced the launch of their new digital PR offering named WireCast.

WireCast is developed by Founder and Managing Director Angela Hampton and Partner David Kennedy-Cosgrove, as well as Managing Partner and co-owner Michelle Hampton

With WireCast, the company aims to spotlight earned media in top-table strategy discussions. 

“Our digital campaigns get supercharged whenever earned media is integrated so we’ve created an offering that not only amplifies what we already do but also elevates PR to play a much more meaningful role,” said Michelle.

On what inspired her to develop WireCast, Michelle said, “WireCast is our optimised earned media offering that’s measurable. We created it to try and tackle what’s held the industry back from the same level of growth and progression as other marketing disciplines.”

She added, “Measurement is still a big issue when it comes to earned media and many marketers continue to view it as a single channel, single purpose ‘add-on tool’.”

Moreover, WiredCo. wants to elevate earned media for brands by emphasizing WireCast’s competitive advantage of tapping into the smarts of performance marketing and SEO systems.

“So by addressing what’s been holding earned media back, there’s enormous potential for significant growth,” Michelle added.

WiredCo., previously known as The Wired Agency, is an award-winning digital and creative agency that offers tailored media experiences, content creation, and consumer research services, amongst others.