COVID-19 is a game changer for many industries. For ASEAN banks, it offers a mixed bag of opportunities and challenges.

This thought leadership article by EY, the first in a series titled “How banks respond to the pandemic will define tomorrow’s winners,” looks at how ASEAN banks responded to the COVID-19 crisis, the role of governments to flatten the COVID-19 case curve and the impact on the respective banking systems.

The article will discuss 9 priorities ASEAN banks need to consider, and why they need to speed up their digital strategies through partnerships with companies like EY. It also introduces the stimulus transmission challenge framework to move money across banks and the real economy.