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Financial Technology News

Indian banking sector to spend 13% more on IT in 2013

24 reads

Gartner, Inc. estimates spend at US$7.6 billion. Read ››

What you must know about financial reforms in Taiwan

Eugene Chen 陳仲漁
BY EUGENE CHEN 陳仲漁
141 reads

Financial reform is part of political reform and looks like to be a continuous effort of Taiwanese government. Read ››

Hiring hotspots in Asian banking and finance in 2Q13

Chris Mead
BY CHRIS MEAD
229 reads

Internal Auditors, Cost Accountants and Relationship Managers are among the candidates in hottest demand this quarter across Asia, according to the Hays Quarterly Hotspots. Read ››

CIMB launches its investment banking business in India

85 reads

Devesh Kumar will lead the 60-strong team in India. In a statement, CIMB Group announced that it has started its investment banking and brokerage businesses in Mumbai, India after successfully obtaining a stock broking license from the Securities and Exchange Board of India (“SEBI”). Read ››

Six elements of a successful mobile wallet strategy for financial institutions

 Darren Sugden
BY DARREN SUGDEN
441 reads

Mobile wallets will be the next battleground among businesses from various sectors – including financial institutions (FIs) in the fight for ownership of the consumer relationship. Read ››

Citibank aims to become Asia’s top digital bank

749 reads

More clients discover the convenience of online and mobile banking. Read ››

India to impose new accounting standards on banks

254 reads

International Financial Reporting Standards to be implemented in 2016. The Reserve Bank of India, the central bank, has received recommendations on the implementation of IFRS standards by banks. Read ››

See how financial institutions can maximise video communications

Rocky Scopelliti
BY ROCKY SCOPELLITI
326 reads

With half of online Australians already engaged with video online and a third using video calling, how can financial services institutions use video to better engage customers and workers? Read ››

Here's why middleware is vital for Asia's financial services sector

Damien Wong
BY DAMIEN WONG
486 reads

Businesses today face a host of unavoidable challenges that need to be tackled in order to achieve core business objectives, including lowering costs, increasing revenue and enhancing competitive advantage. Read ››

How cross-industry learning keeps Asian banks growing

Rocky Scopelliti
BY ROCKY SCOPELLITI
300 reads

The continuing digital sophistication of consumers in the financial services market has driven many of the developments in products, infrastructure and processes. Read ››

3 challenges for better bank counterparty due diligence

Guy Sheppard
BY GUY SHEPPARD
438 reads

Today, bank compliance departments are under greater pressure than ever before. Read ››

What Asian bankers must know about the international financial flows nexus

Azam Ali
BY AZAM ALI
1006 reads

The financial globalization echo emotive gains primarily because of the deemed connectivity between highly fluid capital flows and the financial crises, that have become more pronounced in the past three decades. Read ››

Why it's imperative for Asian banks to find alternative models

Azam Ali
BY AZAM ALI
398 reads

The persistent sluggishness and ominous uncertainty in Europe and United States economies, flanking warnings coming from different multilateral institutions, the continuing debt problems and economic fragilities in EU member countries and looming fiscal cliff in United States, indicate risks of global economic forecasts remaining on the downside in the short to medium term. Read ››

A quick guide to China's changing monetary tactics

Alaistair Chan
BY ALAISTAIR CHAN
277 reads

China’s evolving financial system has required the central bank to change its tools. Capital outflows and the gradual liberalization of the yuan mean that the era of sterilized intervention is ending. A new governor could move the PBoC towards a more conventional market-based policy, although the overall policy stance is still expected to be set by the government for the foreseeable future. Read ››

Optimizing credit strategies to manage the impact of Basel III

Ben Elliott
BY BEN ELLIOTT
696 reads

Whilst there was general agreement on the need to reform the global financial system after the 2007 financial crisis, the impact of the revised regulations published in 2009 by the Basel Committee on Banking Supervision (BCBS) has been felt far and wide. Read ››

Guangdong opens data center for financial institutions

571 reads

Fujitsu Technology Corporation builds US$29.5 million center. The new facility at the Guangdong High-Tech Service Zone is Fujitsu’s first data center in China. Read ››

Japan phishing scam victimizes Mizuho customer

560 reads

Illegal transfer suspected through phishing. This is the view of bank officials about a Mizuho customer who lost money while banking online. Read ››

The 3 best practices mobile money operators in Asia can adopt

548 reads

6 in 10 consumers hate services that are not user-friendly. Read ››

Citibank, Manulife kicks off retirement income solution

565 reads

ManuRetire Secure is the first of its kind. In a release, Manulife (Singapore) Pte Ltd and Citibank Singapore Limited have launched ManuRetire Secure, a Singapore Dollar-denominated single premium investment-linked insurance plan (ILP). Read ››

BNP Paribas launches online bank account services in Singapore

564 reads

eStatements provide corporate clients with an electronic statement of their accounts via electronic mail. Read ››

Indosat inks mobile banking deal with Bank Rakyat Indonesia

544 reads

Indosat has linked with Bank Rakyat Indonesia to provide mobile and Internet banking services to the latter's clients. Read ››

More palm-scanning ATMs to be installed in Japan

539 reads

The Japanese bank that pioneered card-free ATM transactions in Japan is expanding the service into neighboring prefectures. Read ››

Urgent Chinese financial sector reforms needed

657 reads

Dangerously high levels of corporate debt and a continuing economic deceleration make it imperative that China implement urgent financial sector reforms. Read ››

Kris Hendrieckx talks with Asian Banking & Finance on next two Sibos events in Asia

1296 reads

Sibos will be back in Singapore in 2015 and Asian Banking & Finance interviewed Sibos Head Kris Hendrieckx to talk about what Asian bankers can expect from the next two Sibos events in Asia. Read ››

The ultimate key to credible financial forecasts

Stuart Harman
BY STUART HARMAN
749 reads

How many of you can identify with the organisational environment described below? Read ››

All Malaysian banks expected to offer mobile banking service by mid-2013

248 reads

All Malaysian banks are expected to participate in mobile banking service by the  middle of next year, says e-payment service provider MyClear. Read ››

UBI inaugurates India's first 'talking' ATM

1715 reads

Union Bank of India became the first bank to make electronic banking easier for the visually impaired with its "talking" ATM. Read ››

Axis ties-up with Bharti for mobile banking services

1407 reads

Bharti Airtel customers will now be able to open savings account in Axis Bank through their mobiles and cash deposits, transfers and withdrawals. Read ››

Mobile banking on the move in Indonesia

1620 reads

An Indonesian bank will build on the success of its mobile banking program. Read ››

Maximizing the cloud in financial institutions

Chip Salyards
BY CHIP SALYARDS
2099 reads

Virtually every industry today is considering migrating to the cloud. Read ››

How to close the budget gap before it’s too late

Stuart Harman
BY STUART HARMAN
2370 reads

A key role of the finance team in any commercial organisation is to co-ordinate the annual budgeting or fiscal planning process and then to provide regular updates on progress towards the attainment of that plan. Read ››

Which way is the wind blowing for Asian CFOs?

 Anthony Lam
BY ANTHONY LAM
2696 reads

Let’s face it: those developed economies, that once were the ones spinning the globe including Japan, are currently fire-fighting their daily affairs of debt crisis, unemployment and so on. Read ››

How algorithmic trading is accelerating the IT Infrastructure arms race

Brandon Lee
BY BRANDON LEE
3537 reads

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OCBC invests S$20 M in account opening system in Singapore

1852 reads

OCBC Bank launched of its new S$20 million account opening system at all 56 OCBC Bank branches in Singapore. Read ››

Bank Indonesia sees need for e-money regulations

2089 reads

Bank Indonesia is calling for regulators to monitor purchases and banking transcations made through cellphones. Read ››

Citi appoints Sanjeev Jain as Head of Global Transaction Services for Indonesia

1972 reads

Jain was previously GTS’s Regional Head of Public Sector, Asia Pacific. Read ››

The wallet of the future

Jason Wong
BY JASON WONG
1938 reads

Read ››

India's non banking financial firms asked to phase out use of cheques

1274 reads

As part of its green initiative, the Reserve Bank today asked all non-banking financial companies (NBFCs) to gradually phase out use ofcheques and shift to electronic payment system. Read ››

MAS lifts penalty on DBS bank for online disruption

1542 reads

The penalty imposed on DBS Bankby the Monetary Authority of Singapore for the disruption to its online and banking systems in July has now been lifted. Read ››

8 out of 10 CMO’s to increase social media use in 3-5 years

1239 reads

And nearly 1,700 chief marketing offers believe that the digital media era is evolving the field. Read ››