CLPS Incorporation and Singapore FinTech Association Co-Host Panel Discussion on Digital Banking Transformation

CLPS Incorporation (Nasdaq: CLPS) recently co-hosted a panel discussion titled “Driving Digital Banking Transformation Without Disruption” with the Singapore FinTech Association (SFA) in Singapore. Industry experts, technology leaders, and representatives from financial institutions gathered to engage in an in-depth dialogue on the opportunities and challenges that traditional banks face in their digital transformation journeys.

Amid rising operational costs, intensifying data fragmentation, and aging legacy systems, traditional banks are facing growing operational and regulatory pressure as they accelerate their digital transformation. At the same time, the Monetary Authority of Singapore has imposed higher compliance requirements focused on system resilience. Against this backdrop, the panel discussion explored how financial institutions can achieve seamless and efficient digital transformation while maintaining regulatory compliance and operational stability.

Key topics highlighted by the panelists included:

• Legacy system modernization remains the top priority for banks today;
• Strong governance and regulatory alignment are foundational to successful transformation;
• Data fragmentation continues to be a major obstacle to scalability;
• Cultural change and workforce upskilling are critical to unlocking AI’s full potential;
• Institutions that delay transformation risk losing their competitive edge.

The panelists agreed that artificial intelligence is becoming a key catalyst of change in the financial industry, enabling institutions improve operational efficiency, accelerate decision-making, and deliver superior client experiences across the entire banking value chain. Looking ahead, CLPS will continue to collaborate with industry associations and partners to advance innovation and promote sustainable growth within the fintech sector.

Mr. Simon Chiang, Chief Executive Officer of Qinson Credit Card Services Limited (QCC), commented: “We are honored to have co-created this platform for industry exchange with the SFA. As a company that has been deeply rooted in fintech for over two decades, CLPS has witnessed multiple waves of technological transformation. We deeply understand that digital transformation is not about starting from scratch, but rather about modernizing existing assets through modular and agile approaches. This is the core methodology of our collaboration with clients—protecting their existing technology investments while enabling future innovation.”

“We recognize more clearly than ever that traditional banks today are no longer asking whether they should transform, but rather how they can transform smoothly and effectively. Going forward, CLPS will continue to engage openly with industry associations, regulators, and financial institutions—not only by delivering solutions, but also by providing actionable transformation roadmaps and practical insights. We firmly believe that true change is not a disruption, but a well-orchestrated evolution. This commitment continues to guide the long-standing commitment we are building together with our clients.”