Banking Technology
India’s Axis Bank unveils in-app mobile OTP feature
India’s Axis Bank unveils in-app mobile OTP feature
Instead of text messages, clients can get their OTPs via their app.
1 in 3 Indonesians blame banks for scam losses: study
Indonesians generally do not expect refunds but do expect protection, FICO found.
Security Bank enhances eKYC process in digital app
It has included enhanced fraud detection capabilities, including deepfake prevention.
CommBank establishes tech hub in Seattle
The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
BNP Paribas names Marc Camus as chief information officer
Camus will oversee the bank’s IT strategy and IT System security.
Singapore’s financial sector turns to contract hiring for cost control
Hiring processes have become lengthier as employers consider cultural fit and regulatory compliance.
Digital players steal market share from traditional banks
Value migration and AI-driven changes pose challenges for financial institutions.
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
Rising compliance costs threaten cloud savings for banks
Southeast Asia’s cloud adoption grows, but rising compliance costs may negate savings, especially for smaller firms.
StanChart champions ISO 20022 XML for seamless cash reconciliation
It reduces the need for banks to manually intervene in the process, the bank said.
SCB, GLN launch cardless ATM withdrawals for Korean tourists in Thailand
Tourists just need to scan a QR code via their app.
Digital bank platform ANZ Plus reaches 1 million customers
Over half (55%) consider it their main bank account.
CommBank accelerates AI adoption with expanded Anthropic partnership
The Australian bank will focus on personalisation and safety.
AI needs better explainability to build decision-makers’ trust
Transparency and collaboration are key to meaningful AI adoption.
Singapore and Vietnam expand MOU on financial innovation
It enables cross-border retail payment connectivity using QR codes.
JCB now available in Google Play of Hong Kong and 4 SEA markets
JCB said it will continue to provide its cardmembers expanded accessibility.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. UOB maintains profitability despite possible slower loan growth 3. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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