Banking Technology
What are the must-have banking features by 2027?
What are the must-have banking features by 2027?
Over 60% of respondents in Australia, China, and India find credit-building tools to be useful.
Singapore needs layered strategy against fraud
Scam and cybercrime cases in the city-state rose 18% to 28,751 in the first half.
Bank of America’s CashPro app set to hit $1t in payment approvals
The platform is reportedly used by around 40,000 companies globally.
OCBC to triple quantum workforce to boost security
The Singapore bank expects significant tech advancements in the next five to 10 years.
Multiagent systems as key to AI-first banking: analysts
If implemented well, banks can see up to 60% productivity gains from credit analysts.
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.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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