Banking Technology
Australia's Consumer Data Act goes live for data sharing
Australia's Consumer Data Act goes live for data sharing
Customers can now share their banking data to access personalised financial products.
Singapore banks set to fast-track digital transformation due to COVID-19
The COVID-19 pandemic forced Singapore banks to change tack in order to meet social distancing and work from home requirements. However, it didn’t...
Hong Kong, Singapore play catch-up with mobile banking apps
European financial firms dominated the global top ten of Sia Partners’ study.
COVID-19 Impact on FIs' IT Plans in Japan and APAC
In the transitional period from the unprecedented emergency to the new normal, the Japanese and APAC financial institutions have stepped up their...
Korean central bank launches legal advisory for digital currency
But BOK denied that they are preparing for an actual launch of a digital currency.
Three-fourths of Filipinos open to having a financial account online
But finance firms stand to lose 40% of new business if account opening isn’t fully online.
Digital adoption of OCBC's wealth products jumped 40% in Q1
Virtual wealth advisory meetings will likely be the new normal.
Bank of Singapore names new global head of products
Lim Leong Guan will concurrently be OCBC’s head of group wealth products.
CBA rolls out ‘acceptable use policy' to restrict abusive digital banking
Transactions can be refused and services suspended if a customer is found harassing others.
Former MAS chief data officer is UnionBank's new senior adviser for data and AI
David Hardoon led the development of AI strategy for MAS and Singapore’s financial sector.
Malaysian firms lose 40% of new accounts as locals look to open online
Only 6-9% of customer finish applying for a non-fully digital account opening service.
Banks need to rethink their game plan in the digital age
In financial services, the rise of digital banks challenges traditional banks to adopt new approaches to remain competitive.
Tech-Driven Next-Gen Corporate Banking: Trends and Implications in APAC and Japan
Corporate banking is at a critical juncture of accelerated change
DBS unveils customised digital financial planning tool
It is integrated into the DBS/POSB internet banking app.
Digital banking to flourish in APAC by 2025: study
Over three-fifths of clients are willing to switch to neobanks.
UnionBank bolsters digital tools amidst Philippine lockdown
It recorded a 160% surge in online banking sign-ups in March.
Bottomline: An all-access pass to the global payments' highway
As new payment networks emerge, banks are seeing transactions move beyond SWIFT and traditional payment methods.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth