Banking industry stories
Four marginal gains for the new era of credit decisioning
Businesses looking to make the most of new technology can push their operations forward - however, getting the most out of software can sometimes mean making slight compounding adjustments rather than sweeping changes.
Banking-as-a-Service to hit mainstream within two years
Some 30% of banks with greater than $1bn in assets will launch BaaS for new revenue by the end of 2024, but half will not meet revenue expectations.
IDC research shows rise in big data and analytics adoption
According to IDC, A/NZ spending on BDA solutions is expected to grow at 13.3% in the five years between 2021-2026, and hit US$8.9 billion by 2026.
How Infosys Consulting is driving better data-driven solutions for ASEAN
Trends across the market have continued to show that customers are expecting transactional banking activities to be completely effortless.
The future of banking will be open and interconnected
The banking industry as a whole is undergoing a digital transformation, challenging the supremacy of established banks that have, for decades, been at the heart of the global financial system.
Virgin Money works with 9Spokes to create custom offering
Virgin Money has worked with Kiwi SaaS 9Spokes to build a custom version of its business dashboard offering, M-Track, to generate stronger insights for the bank and its customers.
SC Ventures launches fintech startup for retail banking
SC Ventures has launched Appro, a fintech startup, to simplify the retail banking user journey, aiming to foster greater efficiency in application processes for retail banking products.
Check Point reveals top malicious threats in June 2022
"The threat landscape is evolving rapidly, and mobile malware is a significant danger for both personal and enterprise security.”
New ASB campaign helps young people better understand money
ASB is helping 18 to 24-year-olds take advantage of financial possibilities and better understand the world of money.
Airwallex launches global payment services in New Zealand
The launch will enable businesses in New Zealand to tap into Airwallex's global payments services, offering an alternative to traditional banks.
Banks, PSPs prioritising payment modernisation to compete
A new report gives payment providers a forward-looking view of the evolution of payments and investment drivers for modernisation.
Australians re-examining spending fees and charges
The majority of Australians are beginning to examine fees more closely. Unfortunately, no transaction is completely and always ‘free’.
DataRobot AI solution for CIMB Bank recognised at Asset Triple A Digital Awards
The new AI development by DataRobot helped CIMB develop machine learning credit models for its retail portfolio strengthening the bank's credit risk modelling and retail underwriting capabilities.
Why personalised CX will pay off for Asia’s banks
In just a few years, well-funded fintech firms, mobile wallets, trading apps and digital-only banks have revolutionised the centuries-old banking industry.
Gartner reveals top three tech trends for banks this year
Gartner says generative artificial intelligence, autonomic systems and privacy-enhancing computation are gaining traction in banking and investment services.
NICE CXone platform integration implemented with Regional Bank Australia
NICE has announced the successful implementation of the NICE CXone platform with Regional Bank Australia.
More solutions updates and developments from Xero announced
Xero has announced a raft of new globally available solutions, features and product updates for the month of May, along with future developments soon to be rolled out.
Australian small business unsatisfied with traditional banks
"The pandemic put a sudden, massive burden on SMEs globally, and they didn't think banks did enough to help them."
Incumbent banks must embrace data-centric capabilities
Retail banks are lagging in their ability to offer true omnichannel experiences, as customers pivot to competitors that offer more personalised experiences.
Majority of banks paid ransom for cyberattacks last year
VMware's most recent report finds 74% of businesses experienced one or more ransomware attacks in the last year, with 63% deciding to pay the ransom.
Malicious Android apps targeting Malaysian bank customers
Researchers at cyber security firm ESET have analysed three malicious Android applications targeting customers of eight Malaysian banks.
Fintech expert urges caution when it comes to online banking details
When it comes to convenience around data sharing via screen scraping, consumers have less control, security and transparency."
Big four branch closures see shift in fintech market for regional businesses
A new report by Zeller has revealed that the majority of regional businesses in Australia have been impacted as a result of branch closures by the big four.
Open finance set to benefit New Zealand consumers - report
Open finance is expected to become the standard for consumers' financial welfare and empowerment, according to an Aotearoa fintech research report.