Banking Technology
IT leaders told to prioritise basic strategies to unlock AI potential: report
IT leaders told to prioritise basic strategies to unlock AI potential: report
Around 70% of companies have implemented formal data strategies for their IT locations.
SCB’s Mae Manee app temporarily available on Dec 13-14
It will be down from December 13, 11PM to December 14, 5AM
Ant International joins SWIFT program exploring cross-border treasury mgmt
The program explores business scenarios on cross-border end-to-end transactions.
PH central bank completes proof-of-concept test for wholesale CBDC
Project Agila enabled banks to transfer funds during off-business hours.
SG banks see over 1,800 cyberattacks weekly in past six months
The financial sector ranks as the third most targeted industry.
HDFC Bank teams up with Pennant to offer quicker loan processing
HDFC will be able to quickly launch new loan products, amongst others.
Deutsche Bank unveils Merchant Solutions in Australia, India, Indonesia, and SoKor
It is a global payment acceptance platform that gives access to local payment methods in a market.
Global body eyes broader use of unique ID by SMEs
Cross-border payments, supply chain and trade, and ESG will drive greater adoption.
Financial crimes to continue to squeeze bank profits
More sophisticated crooks and stricter rules are expected to increase compliance costs.
Patents for 3D secure transactions nearly double in 2023
Payment entities are looking to strengthen their security to combat online threats.
Authorised payment scams rise as a major fraud trend
E-commerce, phishing, job scams dominate reported fraud cases.
Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
Few banks capture tech spending benefits: report
Global tech spending on banking hit $650b in 2023, but few benefitted.
India’s central bank warns against deepfake videos involving governor
The videos claim that its governor supports investment schemes.
Fragmented systems hinder tech adoption in wealth management
Outdated technology limits wealth managers' services.
Cross-Border transactions complicate AML compliance for businesses
AI tools used to streamline AML processes and reduce false positives.
AI drives 1500% growth in deepfake fraud across APAC
Sumsub integrates AI tools to combat deepfake threats and fraud networks.
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1. MUFG breaks ground on new HQ with 2030 target completion 2. Japanese banks bet billions on Indian finance, tech growth 3. ASIC scam takedowns jump 90% as Australians’ losses hit $2.18b 4. Philippines cash holds 42% of POS payments despite e-wallet rise 5. What will drive South Korea’s digital banking to rise 9.7% through 2030?Resource Center
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