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

Financial institutions stories

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APAC to be the fastest-growing cashless region - report
Wed 1 Jun 2022
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apac
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financial institutions
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cashless
BPC and Kapronasia's new report finds cashless transactions in APAC will rise by 109% from 2020 to 2025, while global cashless payments will triple by 2030.
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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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DiUS announces sale of global contract testing platform
Fri 8 Apr 2022
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open source
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developers
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financial institutions
DiUS has announced it has entered a definitive agreement to sell its global contract-testing collaboration platform, Pactflow, to SmartBear.
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Personetics raises $85M, expands operations in Australia
Fri 21 Jan 2022
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financial institutions
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funding
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investment
Personetics has raised $85 million in growth funding from Thoma Bravo, a software investment firm, doubling the company's valuation and securing a total funding of more than $160 million in 2021.
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Australian FIs are seeking more robust crime management solutions, report finds
Wed 24 Nov 2021
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cybersecurity
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it management
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idc
FIs across APAC are continuing to grapple with financial crime management strategy and investment to take full ownership and build in-house systems, buy a solution, or utilise managed services from a solution provider.
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The importance of anticipatory design in mobile banking
Fri 1 Oct 2021
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contact centre
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fintech
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crm
Applying technology allows banks to anticipate their customer needs, create value and exceed customer expectations.
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Supply chain and ransomware threats drove increase in cyber intelligence sharing
Mon 27 Sep 2021
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malware
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ransomware
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cybersecurity
There has been a increase in sophisticated cross-border cyber criminal campaigns against the financial sector and its supply chain.
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Entrust acquires financial technology company Antelop Solutions
Fri 24 Sep 2021
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martech
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commerce systems
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payment gateways
Entrust, a company specialising in trusted identity, payments and data protection, has announced a definitive agreement to acquire Antelop Solutions.
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GBG and SEON strengthen online fraud prevention for financial institutions
Wed 8 Sep 2021
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seo
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partnerships
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online fraud
SEON’s technology is fully integrated into the GBG Intelligence Center to effectively use email, IP, phone, and social media as alternative data for fraud detection, while meeting compliance and data privacy needs.
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FiVerity launches 'revolutionary' Cyber Fraud Network
Fri 27 Aug 2021
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cybersecurity
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fraud
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financial institutions
"FiVerity's Cyber Fraud Network was created to solve problems and give financial institutions the tools they need to share information without violating their customers' privacy.”
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Traditional banks invest in apps to keep up with the competition
Fri 27 Aug 2021
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mobility
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apps
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apac
Financial institutions across the APAC region are working to become more ingrained in the financial decisions of their customers, primarily through the development of digital financial wellness and money management apps.
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Manual processes leave financial orgs open to risk, study shows
Thu 26 Aug 2021
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compliance
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digitisation
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financial institutions
“Trade compliance is a critical function where mistakes can cost businesses millions. An area where the smallest omission can throw off the entire strategy of a business is no place to take a chance."
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Allvue Systems launches centralised data cloud with Snowflake
Fri 20 Aug 2021
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storage
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cloud storage
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financial institutions
Allvue Systems has chosen Snowflake to offer a centralised data cloud, with the overarching aim of enhancing and simplifying client's data storage and processing capabilities across business lines and asset classes.
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mx51 to use Snowflake for analytics and customer service
Thu 19 Aug 2021
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bi
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big data
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crm
Snowflake has been selected by merchant payment platform mx51 to support its analytics and customer service.
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Automation gives competitive edge to APAC financial services firms
Fri 25 Jun 2021
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martech
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cx
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app development
“Leveraging automation to build apps more cost-effectively and more quickly helps accelerate business processes, improves the customer experience, and makes the entire organisation much more efficient."
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Moneythor and Envestnet | Yodlee partner, bring greater CX to finance sector
Fri 11 Jun 2021
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crm
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fintech
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cx
"The demand for these types of solutions is continuously growing, and we are delighted to add Envestnet | Yodlee to our list of partners and to bring these solutions to life across Australia and New Zealand.”
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Global spending on financial crime compliance accelerates
Fri 11 Jun 2021
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compliance
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financial institutions
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lexisnexis
Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.
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New Bitcoin indicator series from State Street
Mon 10 May 2021
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cryptocurrency
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blockchain
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bitcoin
State Street Corporation has launched its new Bitcoin Indicator series, aiming to measure the popularity of Bitcoin and its impact on traditional markets. 
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APAC financial firms bite down as crime compliance costs rise
Mon 29 Mar 2021
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cloud banking solutions
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financial institutions
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lexisnexis
The total projected cost of financial crime compliance within Asia Pacific firms reached US$12.06 billion, according to a new report.
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Asia Pacific FSIs pay $5.1 billion for breaching AML & data privacy
Fri 5 Feb 2021
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financial institutions
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data privacy
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aml
Financial institutions in Asia Pacific are paying a heavy price for not complying with some of the most common and widespread regulations designed to protect them and their customers.
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Oracle rolls out anti-money laundering services for banks
Tue 3 Nov 2020
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payroll systems
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cybersecurity
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hcm
Oracle Financial Crime and Compliance Management Cloud Services is an application suite designed for mid-sized banks and smaller financial institutions.
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Radware signs on two more clients for DDoS protection
Thu 29 Oct 2020
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ddos
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it in healthcare
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radware
While Radware did not share the names of its two clients, the company did explain more about the partnerships.
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Financial institutions in APAC region to invest millions in fraud prevention
Fri 16 Oct 2020
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fraud
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financial institutions
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gbg
"The pandemic is creating a lot of uncertainty, but the majority of FIs in APAC recognise that an end to end fraud management platform is strategic to differentiating themselves from the highly disruptive landscape they are playing in."
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Backbase and Mambu partner to continue to evolve banking industry
Mon 1 Jun 2020
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digital transformation
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financial institutions
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banking industry
“Mambu and Backbase are united in our goal to transform the banking industry. We enable banks to break free from legacy applications and successfully compete in a digital-first world."
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