It is almost a cliché by now when banks cite Know-Your-Customer (KYC) processes and controls as the biggest risk management challenge when going digital but it might be even more so in the case of the Philippines.
The proposed Shanghai-Hong Kong Connect is a potential game-changer for the world's second-largest economy to entrench itself as Asia's dominant financial hub, but don't count Singapore out of contention.
To cope with an increased number of large distributed denial of service attacks, banks must not only have plans in place - they should consider a broad set of defensive tools that combine on-premise technologies and cloud-based scrubbing services.
The RBI cut the repo rate by 25 basis points as expected.The unexpected hawkish stance was a shock for most commentators,what with the inflation ebbing and international crude oil prices too coming down below the pschological $100 barrel level.
The global financial and economic meltdown has created a new world with its own array of threats, opportunities and sustainability factors which call for fresh thinking to capitalize new horizons, damage control and preempt fallouts.
The game begins when the Federal Reserve System allows commercial banks to create checkbook money out of nothing.
When such a loan is placed on the bank's books it is shown as an asset because it is earning interest and, presumably, someday will be paid back.
In today’s competitive, cost-conscious and profit-driven economy, Asian banks must continually focus on optimising their distribution channels in a way that allows them to move customers into higher-value relationships.