Managing Director & Senior Partner
Jungkiu Choi is a member of the Financial Institutions practice at Boston Consulting Group, specializing in strategy, transformation, business development/M&A/PMI, sales force productivity, and operations improvements. He leads marketing for the firm in Southeast Asia. Recently, Jungkiu has been focusing on digital banking/challenger bank build, coalition loyalty, bank tech/digital transformation, corporate governance/conglomerate strategy, and executive coaching/development.
He has built a number of digital banking channels and digital challenger banks as well as coalition loyalty programs in Korea, Indonesia, Vietnam, Singapore, and Southeast Asia; and has led numerous bank tech/digital transformations, and built conglomerate digital ecosystems across Greater China and Southeast Asia.
Prior to joining BCG, Jungkiu worked as Director of Corporate Strategy and Management Development at NURI Management; Head of Financial Institutions Practice Asia Pacific at Kearney; and Group Head of Strategy/Business Development/Reengineering at Standard Chartered Bank.
In just two short decades, fintech has exploded onto the financial scene--with more dynamic growth to come.
Many of the missteps that banks make can be avoided by building their digital transformation programs around a full front-to-back approach focused on customer value streams.
Despite rapid growth, the route to profitability remains challenging for operators.
Southeast Asia presents a remarkable opportunity for digital banking over the coming years. Yet despite this landscape of opportunity, profitability remains a major challenge for digital banks.
There are three defining characteristics of the Singapore FinTech ecosystem. In this report, Pauline Wray collaborates with SFA to produce a "Digital Challenger Banks“ reference guide, to help navigate the exciting and dynamic Digital Challenger Banks landscape in Singapore and the region.