To: Leong Kwok Weng
IC: C-Level and Audience
From: Nikita Patel
Date: July 28, 2014
Subject: Re: Reflective Analysis – CEPAS
This memorandum is a follow-up to the meeting held last Tuesday with 'YSW Consultant Group'. I believe their team provided thoughtful insights in the presentation with regard to the presence of competing card issuers, the main stakeholders involved in the platform, CEPAS impact, motivations/ incentives for the stakeholders, innovations & its platform analysis prior to CEPAS and key take away from the CEPAS initiative. This is exactly what we seek to send the requestors who want to know how we merged the two systems and explain the success story of how our country 'Singapore' is moving towards a cashless society.
After careful analysis of the notes we had prior to the consultant meeting along with the presentation & data provided by consultants, we should utilize the power point presentation for circulating to the requestor so as to help them create another success story among other enterprises as it will bring about faster turnaround time in the payment process within an economy which will ultimately increase GDP across the economies. The more innovation brought about to this platform, the more economies will prosper across the world. The consultants discussed most of the benefits of CEPAS standard initiative, especially the point mentioned about having standard methodologies & create an entity independent of stakeholders. If there is an independent entity appointed who reinforce the changes across the society, there will be an evidence for a need to change perceived by the people. With CEPAS it will be convenient to integrate the divergent systems across enterprises.
It is worth circulating this to the users as it will act as a standalone presentation that tells our story in a consolidated manner instead of making different print materials about our success. Once the results of using the CEPAS is visible to its users there will be a change perceived by the masses, and the nation will be move on to be more consistent and effective in its operations. We can schedule a meeting this week to discuss this matter further.
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