Banking Technology

Malaysia fines BKRM following cybersecurity breach

An external party gained unauthorised access to the bank’s IT infrastructure, the BNM said.
1 day ago

Westpac urges greater social media accountability as personalised fraud spikes

The bank noted a sharp rise in “Hi Mum” and business email or invoice scams.
1 day ago

Japanese banks bet billions on Indian finance, tech growth

GFTN is working with both sides on talent, technology, and market access.
6 days ago

Banks hit AI plateau as 80% see no bottom-line impact

Many lenders plateau after deploying isolated tools instead of full transformation, said McKinsey.

Financial institutions chase AI edge despite thin budgets

Almost 2 in 3 FIs allocate 10% or less of their tech budgets on AI.

Landbank touts digital-led financial inclusion as app logs 1 million new users

Its digital channels reportedly processed 800 million transactions in 2025.

Welcome Bank (Rural Bank) unveil e-signature and e-KYC services in loan apps

It eliminates the need for scheduled video calls or a hybrid application process.

Why Asian banks struggle to embed AI in compliance

Institutions cite fragmented infrastructure, manual workflows and skills gaps as barriers.

CIMB tests tokenised sukuk under Malaysia’s digital asset hub

It will evaluate bank-grade tokenisation across issuance, payment, and settlement.

Maybank pilots tokenised ringgit for cross-border payments

The bank aims to pioneer a range of tokenised assets, from Islamic finance to wealth products.

Half of APAC banks hit KYC backlog as manual systems fail

In Singapore, nine institutions were fined a combined $21m for anti-money laundering failures.

ANZ rolls out agentic AI CRM tool that will save bankers 1 month of time

The new CRM consolidates data from 20 different platforms.

Only 1 in 10 banks see AI returns despite $97b spend by 2027

Data fragmentation and governance uncertainty plague most AI adoptions.