Technology news for Asia's CFOs and financial decision-makers
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The rise of the Neobanks: How they challenge traditional banking
Neobanks are catering to customers who are tired of the big banks and those who seek alternatives, says financial advisory firm Mozo.
Australian banking and securities IT spend to reach $18.5 billion
“The banking and securities industry continues to spend in pursuit of digitalisation, whether through digital business optimisation or transformation."
Only 17% of banks have deployed digital at scale – report
The joint report by Infosys Finacle and Efma explores the evolution of digital transformation and how banks have adopted and scaled it throughout their organisations.
Australian fintech uses AI to disrupt banking industry
An Australian fintech firm called Moula is changing the way small business lending works, all through the use of artificial intelligence.
SaaS banking engine Mambu gains 'Challenger' spot in Gartner MQ
Software as a service (SaaS) banking engine Mambu has been positioned as a challenger in Gartner’s 2019 Magic Quadrant for Global Retail Core Banking.
Forrester report: Digital banks gain the edge on traditional players
Digital-only banks and insurers will shape the future of financial services within Asia Pacific, according to new data released by Forrester this week.
Banks feeling the pressure of the digital revolution
A new report found that competition is increasing between established retail banks and the technology and ecommerce disruptors that are offering new payment solutions.
TSB delivers nine-week turnaround on banking software rollout
TSB partnered with global banking software company Temenos to implement Temenos Infinity, a digital front office product that accelerates customer growth.
ThetaRay offering uses AI against financial cybercrime
ThetaRay version 4.0 enable banks to pinpoint activity that suggests money laundering, terrorist financing, human and drug trafficking, and other financial crimes.
Liquid & CIMB Niaga to support QRIS for cross-border transactions
"We believe that this initiative will greatly benefit our customers who can enjoy the ease of transacting abroad, starting with Singapore's Changi Airport."
Westpac NZ collaborates with local AI startup
“Banking relationships are critical to SMEs and we look forward to working with Westpac to help serve their customers.”
Unisys: Users looking for data security when choosing banks
The report studied attitudes of banking customers in Hong Kong, Australia, New Zealand, the Philippines and Taiwan.
ForgeRock achieves open banking compliance certification
FAPI is an open standard designed for banks and fintechs in Europe and around the world to build Open Banking standards for secure exchange of consumer financial information.
Why Aussie banks should prioritise data security
New research reveals that Australian bank customers rank data security as the issue that matters to them most.
Security top priority for Filipinos when choosing a bank - Unisys
Filipinos have greatest appetite in Asia Pacific to use biometrics to access banking services
Massive AI market growth to be driven by retail, banking
Spending on AI will hit close to US$36 billion with retail leading the way, followed by banking, according to IDC.
573 days: Financial sector slow to fix vulnerabilities
Financial services companies took 29 days to address a quarter of their vulnerabilities in coding, and 573 days to remediate all open vulnerabilities.
NZ has a bright future in fintech
“We are seeing a real openness to open banking and a number of the banks have 20 or 30 collaborative Fintech projects on the go.”
Interview: Hitachi Vantara talks challenges of compliance in financial services
Technology is advancing a lot quicker, and the incumbent banks need to be more up to speed but are held back by a lot of legacy systems.
Financial services breaches nearly triple in two years - Bitglass
“Financial organisations regularly handle sensitive, regulated data like home addresses, bank statements and Social Security numbers.”
SMEs need support in volatile economic times, says Canstar
Canstar general manager Jose George says every SME needs to be both flexible and responsive.
Hackers using spearphishing to target banks –Bitdefender
To limit the risk of being discovered, attackers operated outside of normal business hours and cashout operations were planned for weekends.
IDC - APeJ blockchain spending ready to skyrocket
Asia/Pacific (excluding Japan) spending on blockchain solutions to reach US$2.1 billion in 2022, according to the latest IDC report.
NZ-UK fintech collaboration could shake up traditional finance sector
If New Zealand and the UK collaborated on fintech projects, what kinds of challenges would we face and how could regulations shape our activities?