Banking Technology
Hong Kong central bank launches gen AI sandbox
Hong Kong central bank launches gen AI sandbox
Banks are encouraged to make full use of the sandbox.
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators.
Zed garners Filipino interest with no-fee credit card
Zed targets to expand credit access in the Philippines.
Siam Commercial Bank’s Mae Manee App undergoes maintenance on select dates
The app is unavailable on certain time periods on August 10, 16, and 17.
Malaysia's bid for BRICS membership to spur banking overhaul
However, challenges abound when moving away from U.S. and SWIFT reliance.
SaaS proves beneficial to banks’ financial efficiency and security
Banks streamline IT costs and improve security with SaaS solutions.
Philippine banks need to update strategies for competitive advantage
Less than 10% of revenue is allocated to information technology.
Higher smartphone access needed to propel digital wallets use
Digital wallets are set to account for 61% of global ecommerce payments by 2027.
The Importance of Digital Identity Management in the Finance Industry
Having a reliable and secure way to confirm the identity of customers has become crucial for financial institutions.
Ecosystem, data key for banks to keep up with disruptors
Banks must become the main choice of the customer, an analyst said.
How CIMB used automation to raise staff productivity
CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings.
Data analytics key to SEA digital banks' profitability and retention
After the initial novelty and rewards, digibank users are likely to revert to their old bank.
NAB customer alerts lead to 17% decline in scam losses
Customers are said to have abandoned $100m in possible scam payments.
How GoTyme kiosks transformed grocery stores into banking hubs
The digital bank onboarded two-thirds of its 3.4 million users through supermarket kiosks.
Evolving AI enhance conversational banking efficiency
It also boosts banking revenue significantly.
APAC banks face 2.5 million shortage of skilled cyberstaff
Banks may not have the right people in-house to mitigate them.
SCB’s Easy and Mae Manee apps temporarily unavailable on select dates
SCB is upgrading its Easy App.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
