Banking Technology
Citi launches AI tools for Hong Kong employees
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.
Gen Z needs to get the right info in a snap
AI can help financial institutions’ marketing teams get the job done.
UOB inks MOU with Accenture for AI adoption and application
UOB will also upskill its employees.
Financial services, insurance lose $2.2m per hour from outages: study
The value they lose is 16% higher than the average across all industries.
Open banking users to rise threefold through 2029
It is estimated that there are 183 million open banking users in 2025.
BSP ‘closely coordinating’ with CIMB to resolve unauthorized fund transfers
The BSP said that it will continue to monitor the issue until it is fully resolved.
Dah Sing Bank warns against seven fraudulent websites
Customers are reminded to check the URL and look for a secure padlock icon.
Banks should refine AI safeguards on rising complexity and exposure: McKinsey
Having just one committee to oversee all gen AI applications is not a good fit.
Boost Bank targets micro SMEs amidst regulatory, inclusion pressure
The digital bank builds on ecosystem strengths to serve high-risk businesses.
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