Information Technology

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. 
23 hours ago

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. 
23 hours ago

MAS “closely monitoring” global IT outage

Major banks reported little to no impact to customers and key operations.
6 days ago

Hong Kong process with plan to regulate stablecoin issuers

It has published a consultation paper based on 108 submissions.

Over 600,000 payment cards’ info stolen

Over 99% of stolen data include names, computer files, amongst others.

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.

Financial firms to raise gen AI spending as they seek growth benefits

Despite hype, gen AI spending is low in 2023, at around $400,000 at its highest.

ASEAN banks show impressive uptime performance in 2023 – Brankas

The report calls for better customer awareness of disruption and recommends institutions to keep at least a 99% uptime.

KakaoBank expands AI research at ICN10 data centre

Digital Realty's ICN10 data centre was selected for its optimized AI deployments.

The New World of Risks Faced by Digital Banks in Singapore

The digital banking sector in Singapore has grown in importance over the years alongside the established banks, improving the quality of financial...

Bank of Korea launches financial and economic snapshot platform

It is optimised for mobile devices to make data viewing easier for the public.

HSBC appoints Shayan Hazir as Chief Digital Officer for ASEAN

The former GLMC head has over 18 years of bank leadership experience under HSBC.

Data is the bane and boon of addressing sustainable investment gap

Wielding this tool the right way is key to pushing and meeting ESG goals, says Experian’s Sisca Margaretta.

Banks’ tech risks intensifies as digitization ramps up: Fitch

Tech failures will have significant reputational and regulatory consequences for banks.

Standard Chartered Hong Kong sees metaverse as future of banking

Banks can make use of AR/VR to offer more personalised services from the safety of clients' homes.

ASEAN regulators ramp up blockchain adoption as tech expands beyond crypto: analysts

More banks and institutions are exploring its use for payments and cross-border transfers.