Banking Technology

Citi to slash 3,500 jobs in China

Citi to slash 3,500 jobs in China

Layoffs will affect its global tech solution centres in Shanghai and Dalian.
3 minutes ago

Lloyds, BNP Paribas launch new FX algorithmic execution service

Clients are expected to execute large FX trades more efficiently.
4 days ago

Visa launches AI-powered commerce initiative

It is working with Ant Int’l, Grab, and Tencent to enable an AI-powered checkout experience.
6 days ago

Gen Zers spur banking reinvention

Young consumers are changing financial norms and expectations.

SMFG to merge cloud service Sustana in business partner Asuene’s products

Sustana provides the Japanese bank’s clients calculations of GHG emissions.

AI to improve effectiveness of banks' ESG reporting: central banker

13 of 15 commercial banks have published sustainability reports, Pham said.

EastWest modernises retail and corporate operations with SaaS adoption

It expects to benefit the bank’s more than 3 million customers in the Philippines.

Citi launches AI tools for Hong Kong employees

One tool can summarise, compare, and translate multiple documents at the same time.

SMBs drive digital wallet boom across Asia

Eighty-two percent are already on board.

Indonesian banks reap returns from IT investments

Bank Mandiri’s digital fee income grew by double digits.

Cake Digital Bank’s facial biometrics clinches highest-level ISO certification

Its system verifies without need for interaction such as blinking or facial gestures.

Australia launches new license application portal

It has automatic pre-filling of application details.

Aussie banks launch digital locks versus online fraud

Cybercriminals now use AI and deepfakes to scam people.

Bangkok Bank connects with China’s fund transfer network

This is expected to reduce transaction times and costs for export-import businesses.

ANZ Bank set to unveil password-less web banking in mid-2025

Authentication will be done through biometrics or log-in request app approval.

APAC banks slow to update decision rules: survey

Just 27% of banks report frequent use of simulation tools.