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Technology news for Asia's CFOs and financial decision-makers

Open banking news stories

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Open banking
A look at the rewards and risks of open banking - report
RiskBusiness says its report on open banking finds that while it holds much potential, financial services firms need to ensure they have robust, risk processes.
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The Consumer Data Right and what it could mean for Aotearoa's data privacy
“We believe the open data revolution can only strengthen our country’s economic prosperity and individual financial wellbeing.”
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How open banking benefits customers, banks – and cybercriminals
While open banking benefits banks, fintechs, and consumers, its promise to deliver innovative services and spur competition does not come without security cautions.
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Digital banking
Philippines neobank Tonik steps up banking game with Google Cloud
According to Tonik founder and CEO Greg Krasnov, the company needed to drive its value proposition not just through cost, but also consumer trust.
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Risk and reward: Report reveals what risks businesses should look out for in 2022
A new report by RiskBusiness Services Limited has revealed various challenges and opportunities that businesses could face in 2022 while also exploring new horizons for financial services firms.
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The best practices for safer adoption of open banking
Asia-Pacific is a leader in open banking, thanks to the region's extensive digital ecosystems and a willingness to share data. Both financial institutions and tech firms have developed data-sharing infrastructure, and adoption rates are high in many countries belonging to the region.
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Why open banking shouldn’t be seen or heard
To truly be customer-centric, it’s time to stop talking ‘open banking’ and show consumers that it’s simply ‘smart banking’, using modern technology to deliver better financial – and social – outcomes.
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TIBCO outlines data sharing across open banking, finance and beyond
Open banking is one step in the move towards an ‘open API economy’, in which key services are shared amongst internal departments, partners, and even public developers.
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Commerce Systems
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.
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Identity and Access Management
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.
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Unisys encourages financial institutions to adopt open banking
“It establishes the bank as an integral part of the customers’ life – a ‘one-stop-shop’ where they can get personalised products and services they want, when they want them.”
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ForgeRock launches Sandbox-as-a-Service to facilitate compliance
The cloud-based testing environment for APIs enables banks to accelerate compliance with Open Banking and PSD2 deadlines.
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Identity and Access Management
Ping Identity CTO’s cybersecurity predictions for 2019
“Our borderless world provides unprecedented freedom and convenience, but also breeds a whole new set of cybersecurity risks and concerns.”
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Identity and Access Management
Stronger security needed before open banking arrives - Okta
As early as July 2019, Australian banks will need to have a system in place that both benefits customers and protects their personal data.
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Digital Transformation
Why open banking is a good thing for New Zealand SMBs
Open banking is closer to reaching the New Zealand public, with a pilot project currently underway and due to wrap up by the end of the year.