Banking Technology
India rolls out online platforms and repositories for enhanced regulation
India rolls out online platforms and repositories for enhanced regulation
PRAVAAH makes it easier to apply for a license and obtain regulatory approval.
Credit Data Smart ushers in new era of credit scoring in Hong Kong
It’s expected to promote healthy competition and improve credit knowledge of locals.
Mizuho to help deploy AI to study Hachijo’s humpback whales
The project will run from May to October 2024.
Digitalisation amplifies data and liquidity risks
Increasing interconnectivity increases complexity and opacity.
Vietnam’s PVComBank launches mobile banking services on AWS
The platform will reportedly benefit 1 million customers of PVComBank.
APAC leads global surge in digital wallet adoption
Digital wallets in Asia-Pacific outpace global usage, driven by ecosystem integration, financial inclusion, and technological innovation.
South Korea warns against loan scams using voice phishing
Such scams are expected to rise with banks’ launching assistance programs.
CTBC Bank PH unveils redesigned web interface and mobile banking app
The app features personalised widgets and customisable features.
Daegu Bank bets long-term with digital amidst home market issues
The Korean bank has turned its eyes to Seoul to grow its retail banking activities.
CIMB Thai on track for 12% wealth segment growth in 2024
Bonds and technology drive expansion in a challenging economic climate.
Generative AI’s role in the evolution of banking
Generative AI presents a significant revenue opportunity for banks, not just as a cost-saving tool.
National Australia Bank, Banked eyes boosting A2A payment adoption
Their tech enables Australian merchants to send PayTo Agreements to customers.
India’s ICICI enables non-resident Indian customers to make UPI payments
The service is available through the iMobile Pay app.
Why tech is not the focal point of banks’ digital transformations
About 70% of digital transformations fail, an industry expert warned.
Olea, Standard Chartered forge alliance to empower SMEs
The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.
BOCHK warns against remittance phishing email
The email reportedly intends to steal customers’ data.
FNZ, abrdn launch digital wealth platform in Singapore
The firms’ platform have over $90b assets administered in the UK.
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Leading industry figures from BSP, BPI, Singlife, BDO, Malayan Insurance, and Allianz PNB Life assemble to discuss risk management, data-driven personalisation, and other key issues.
Commentary
Digital transformation starts with leadership
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’