Banking Technology

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Outdated technology limits wealth managers' services.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. 

Fraudsters use digital injections to bypass camera verifications

Deepfake software could create loopholes in identity systems.

Hong Leong Bank blends digital innovation with human touch

Digital-first transformation used to meet modern customer demands.  

Southeast Asia’s digital banks – the road from good to great

Experts from McKinsey share five principles digital banks need to practice.

Mobile banking threats grow with advanced AI tactics

AI powers mobile banking defence against rising cyber threats.

AI drives fraud prevention with behaviour-based anomaly detection

Fraud detection, data quality, and fostering trust are amongst AI’s top roles.

Poor preparation hinders AI’s potential in financial services

Readiness and governance are the key to success in AI adoption.

BOCHK warns against phishing websites

The websites  have bill settlement pages with links that intend to steal customers' data.

GienTech targets AI-driven banking solutions amidst rising demand

GienTech responds to surging demand for secure, AI-based tech in finance.