CFOtech Asia - Technology news for CFOs & financial decision-makers

Banking industry stories

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Four marginal gains for the new era of credit decisioning
Wed 14 Sep 2022
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ml
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ai
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open data
Businesses looking to make the most of new technology can push their operations forward - however, getting the most out of software can sometimes mean making slight compounding adjustments rather than sweeping changes.
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Banking-as-a-Service to hit mainstream within two years
Tue 13 Sep 2022
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cloud
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blockchain
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martech
Some 30% of banks with greater than $1bn in assets will launch BaaS for new revenue by the end of 2024, but half will not meet revenue expectations.
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IDC research shows rise in big data and analytics adoption
Thu 8 Sep 2022
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bi
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big data
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data analytics
According to IDC, ANZ spending on BDA solutions is expected to grow at 13.3% in the five years between 2021-2026, and hit US$8.9 billion by 2026.
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How Infosys Consulting is driving better data-driven solutions for ASEAN
Thu 8 Sep 2022
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bi
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big data
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data analytics
Trends across the market have continued to show that customers are expecting transactional banking activities to be completely effortless.
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The future of banking will be open and interconnected
Tue 6 Sep 2022
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colocation
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blockchain
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multi-cloud
The banking industry as a whole is undergoing a digital transformation, challenging the supremacy of established banks that have, for decades, been at the heart of the global financial system.
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Virgin Money works with 9Spokes to create custom offering
Tue 16 Aug 2022
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saas
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devops
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finance, leasing & rental
Virgin Money has worked with Kiwi SaaS 9Spokes to build a custom version of its business dashboard offering, M-Track, to generate stronger insights for the bank and its customers.
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SC Ventures launches fintech startup for retail banking
Wed 3 Aug 2022
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fintech
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banking industry
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retail
SC Ventures has launched Appro, a fintech startup, to simplify the retail banking user journey, aiming to foster greater efficiency in application processes for retail banking products.
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Check Point reveals top malicious threats in June 2022
Fri 15 Jul 2022
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smartphones
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malware
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technology gifts
"The threat landscape is evolving rapidly, and mobile malware is a significant danger for both personal and enterprise security.”
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New ASB campaign helps young people better understand money
Wed 6 Jul 2022
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devops
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marketing
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asb
ASB is helping 18 to 24-year-olds take advantage of financial possibilities and better understand the world of money.
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Airwallex launches global payment services in New Zealand
Thu 30 Jun 2022
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finance, leasing & rental
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commerce systems
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payment gateways
The launch will enable businesses in New Zealand to tap into Airwallex's global payments services, offering an alternative to traditional banks.
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Banks, PSPs prioritising payment modernisation to compete
Fri 17 Jun 2022
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commerce systems
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payment gateways
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banking industry
A new report gives payment providers a forward-looking view of the evolution of payments and investment drivers for modernisation.
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Australians re-examining spending fees and charges
Wed 15 Jun 2022
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finance, leasing & rental
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cloud banking solutions
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online banking
The majority of Australians are beginning to examine fees more closely. Unfortunately, no transaction is completely and always ‘free’. 
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DataRobot AI solution for CIMB Bank recognised at Asset Triple A Digital Awards
Thu 9 Jun 2022
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ml
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finance, leasing & rental
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ai
The new AI development by DataRobot helped CIMB develop machine learning credit models for its retail portfolio strengthening the bank's credit risk modelling and retail underwriting capabilities.
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Why personalised CX will pay off for Asia’s banks
Thu 2 Jun 2022
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fintech
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cx
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crm
In just a few years, well-funded fintech firms, mobile wallets, trading apps and digital-only banks have revolutionised the centuries-old banking industry.
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Gartner reveals top three tech trends for banks this year
Wed 25 May 2022
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ai
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australian
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privacy
Gartner says generative artificial intelligence, autonomic systems and privacy-enhancing computation are gaining traction in banking and investment services.
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NICE CXone platform integration implemented with Regional Bank Australia
Mon 9 May 2022
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bi
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contact centre
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data analytics
NICE has announced the successful implementation of the NICE CXone platform with Regional Bank Australia.
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More solutions updates and developments from Xero announced
Thu 5 May 2022
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accounting systems
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finance, leasing & rental
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commerce systems
Xero has announced a raft of new globally available solutions, features and product updates for the month of May, along with future developments soon to be rolled out.
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Australian small business unsatisfied with traditional banks
Tue 3 May 2022
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smb
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banking industry
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covid-19
"The pandemic put a sudden, massive burden on SMEs globally, and they didn't think banks did enough to help them."
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Incumbent banks must embrace data-centric capabilities
Fri 29 Apr 2022
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fintech
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martech
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omnichannel
Retail banks are lagging in their ability to offer true omnichannel experiences, as customers pivot to competitors that offer more personalised experiences.
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Majority of banks paid ransom for cyberattacks last year
Tue 26 Apr 2022
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virtualisation
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it automation
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apac
VMware's most recent report finds 74% of businesses experienced one or more ransomware attacks in the last year, with 63% deciding to pay the ransom.
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Malicious Android apps targeting Malaysian bank customers
Fri 8 Apr 2022
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smartphones
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cybersecurity
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technology gifts
Researchers at cyber security firm ESET have analysed three malicious Android applications targeting customers of eight Malaysian banks.
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Fintech expert urges caution when it comes to online banking details
Thu 7 Apr 2022
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bi
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big data
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data analytics
When it comes to convenience around data sharing via screen scraping, consumers have less control, security and transparency."
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Big four branch closures see shift in fintech market for regional businesses
Tue 29 Mar 2022
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finance, leasing & rental
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commerce systems
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fintech
A new report by Zeller has revealed that the majority of regional businesses in Australia have been impacted as a result of branch closures by the big four.
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Open finance set to benefit New Zealand consumers - report
Mon 28 Mar 2022
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fintech
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finance, leasing & rental
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insurance
Open finance is expected to become the standard for consumers' financial welfare and empowerment, according to an Aotearoa fintech research report.
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