Information Technology
Malaysia and Thailand to strengthen joint efforts in cybersecurity
Malaysia and Thailand to strengthen joint efforts in cybersecurity
They aim to enable more effective information sharing and capacity building.
1 in 3 Indonesians blame banks for scam losses: study
Indonesians generally do not expect refunds but do expect protection, FICO found.
CommBank establishes tech hub in Seattle
The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
SMBC inks MOU to explore commercialization of stablecoins
They will explore technical, regulatory, and market infrastructure requirements for it.
BNP Paribas names Marc Camus as chief information officer
Camus will oversee the bank’s IT strategy and IT System security.
NAB removed nearly 600 fake websites and products in 2024
They use spoofed URLs, promotions that pressure quick decisions, and fake testimonials.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
PH central bank unveil council for strengthening cyber resilience
The council will implement the BSP’s Financial Services Cyber Resilience Plan.
Beyond Bank, Cognizant modernize IT systems
It includes upgrading Beyond Bank’s End User Compute (EUC) systems.
Principled AI key to transformation of financial services
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Ant Int’l launches digital sustainability scorecard for MSMEs
The scorecard offers actionable insights for MSMEs to enhance ESG credibility.
Over half of banking executives struggle with data silos: report
This is due to technological barriers and cost constraints.
PH cybercrime body, JuanHand ink MOA on combat fintech lending cybercrime
They will develop a data and information sharing mechanism.
Swift to launch AI fraud detection service in 2025
Global fraud in financial services is estimated to have cost $485b in 2023.
Banks expand AI adoption amidst governance challenges
AI adoption in banking is increasing, but leaders emphasise careful deployment.
Security Bank boosts women in tech through mentorship
Gender diversity in tech is on the rise.
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1. Tighter fintech watch likely after Chocolate Finance fallout 2. Singapore banks’ dividends to weather economic and global trade woes 3. UOB widens sustainable financing access for SMEs 4. YouTrip launches MYR wallet and offers free weekend shuttle service 5. Revolut rolls out five new currencies including Chinese YuanResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks