Banking Technology
Tokenization of trade assets to bridge financing gap
Tokenization of trade assets to bridge financing gap
Blockchain technology could decentralize finance operations and allow easier credit access.
Siam Commercial Bank announces disruptions to SCB EASY app
It will be unavailable from 1AM to 5:30 AM on September 21-22.
Regulators' push to curb tech outages may boost bank expenses by 20%
Banks in South and Southeast Asia must enhance tech systems or face firmer penalties.
Malaysia’s central bank fines Bank of China for unapproved system relocation
The bank reportedly failed to obtain approval before relocating the systems.
Blockchain enhances liquidity in private and alternative investments
Blockchain makes private investments more accessible and boosts financial inclusion.
DBS enhances gov’t grant payouts using blockchain for faster distribution
Once conditions are met, the cash is disbursed automatically.
BOCHK warns against suspicious SMS messages
It reminded customers that it will only send messages starting with a “#”.
South Korea mulls easing “network separation” rules on financial companies
It has formed a sandbox program to allow FIs to explore the use of gen AI.
HDFC Bank launches India’s first mobile app-based digital credit card
PIXEL is a fully digital credit card designed for the mobile-first generation.
FinTech companies drive crucial cross-border transactions
The demand for faster payments, cheaper costs, and payment flexibility are three big trends for cross-border transactions.
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.
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