Banking Technology

Banks may be ill-equipped for demands of real-time payments

Stronger fraud prevention and anti-money laundering measures are needed.
1 day ago

CIMB launches Malaysia’s first e-invoice payment terminal

The device also functions as a standalone Point-Of-Sale (POS) system.
2 days ago

Trust Bank gamifies new goal-based saving feature

It allows users to set personalised savings targets and manage up to five pot.
3 days ago

Beyond Bank, Cognizant modernize IT systems

It includes upgrading Beyond Bank’s End User Compute (EUC) systems.
4 days ago

Hong Leong Bank reimagines branches for digital era

The lender sees itself as a digital bank with a physical presence.

SMBC teams up with Euphoria Co. for human capital management services

SMBC will provide digital systems for the visualisation and analysis of the impact of human capital on companies.

What are the must-have banking features by 2027?

Over 60% of respondents in Australia, China, and India find credit-building tools to be useful.

Singapore needs layered strategy against fraud

Scam and cybercrime cases in the city-state rose 18% to 28,751 in the first half.

Bank of America’s CashPro app set to hit $1t in payment approvals

The platform is reportedly used by around 40,000 companies globally.

OCBC to triple quantum workforce to boost security

The Singapore bank expects significant tech advancements in the next five to 10 years.

Multiagent systems as key to AI-first banking: analysts

If implemented well, banks can see up to 60% productivity gains from credit analysts.

IT leaders told to prioritise basic strategies to unlock AI potential: report

Around 70% of companies have implemented formal data strategies for their IT locations.

SCB’s Mae Manee app temporarily available on Dec 13-14

It will be down from December 13, 11PM to December 14, 5AM

Ant International joins SWIFT program exploring cross-border treasury mgmt

The program explores business scenarios on cross-border end-to-end transactions.

PH central bank completes proof-of-concept test for wholesale CBDC

Project Agila enabled banks to transfer funds during off-business hours.

SG banks see over 1,800 cyberattacks weekly in past six months

The financial sector ranks as the third most targeted industry.