IT Brief Asia - Technology news for CIOs & IT decision-makers

Banking industry stories

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Redefining finance: How AI is revolutionising banking & cybersecurity
Tue, 10th Oct 2023
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cryptocurrency
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cx
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cybersecurity
AI is transforming the finance sector, improving customer service, battling fraud, and making repayments efficient.
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Arise by INFINITAS and Google Cloud partner to aid open innovation
Fri, 2nd Jun 2023
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hyperscale
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network security
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cloud banking solutions
The companies are building a co-innovation platform and talent ecosystem for delivering more equitable and inclusive access to financial services.
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Mastercard to eliminate plastics from payment cards by 2028
Thu, 27th Apr 2023
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sustainable it
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fintech
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eco-friendly
Mastercard has announced it is accelerating efforts to remove first–use PVC plastics from payment cards on its network by 2028.
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67% rise in fraud losses in the UK in 2022, says money.co.uk
Wed, 15th Mar 2023
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fintech
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cybersecurity
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online shopping
The personal finance experts at money.co.uk, in their 2022 Fraud Report, have revealed the average monthly losses to fraudsters in 2022 to be over £333 million.
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Four marginal gains for the new era of credit decisioning
Wed, 14th Sep 2022
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ml
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ai
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banking industry
Businesses in banking and finance are turning to innovative technology for credit decisions, with machine learning playing a key role.
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Banking-as-a-Service to hit mainstream within two years
Tue, 13th Sep 2022
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cloud services
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blockchain
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martech
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.
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IDC research shows rise in big data and analytics adoption
Thu, 8th Sep 2022
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bi
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big data
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data analytics
According to IDC, ANZ 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.
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How Infosys Consulting is driving better data-driven solutions for ASEAN
Thu, 8th Sep 2022
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big data
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bi
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data analytics
Trends across the market have continued to show that customers are expecting transactional banking activities to be completely effortless.
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The future of banking will be open and interconnected
Tue, 6th Sep 2022
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colocation
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blockchain
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multi-cloud
The shift from legacy banking processes to Banking as a Service is well underway, with established banks at risk of being left behind without adoption.
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Virgin Money works with 9Spokes to create custom offering
Tue, 16th Aug 2022
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saas
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devops
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finance, leasing & rental
Virgin Money has partnered with 9Spokes to develop a custom business dashboard, M-Track, to provide stronger insights for SME customers.
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SC Ventures launches fintech startup for retail banking
Wed, 3rd Aug 2022
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fintech
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banking industry
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retail
SC Ventures has launched fintech startup Appro to simplify the retail banking user journey, reducing application process times from hours to minutes.
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Check Point reveals top malicious threats in June 2022
Fri, 15th Jul 2022
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smartphones
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malware
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technology gifts
New Android banking malware, MaliBot, emerges following FluBot takedown. It disguises itself as crypto mining apps and targets mobile banking users.
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New ASB campaign helps young people better understand money
Wed, 6th Jul 2022
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devops
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asb
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social media
ASB is helping 18 to 24-year-olds take advantage of financial possibilities and better understand the world of money.
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Airwallex launches global payment services in New Zealand
Thu, 30th Jun 2022
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finance, leasing & rental
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commerce systems
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payment gateways
The launch will enable businesses in New Zealand to tap into Airwallex's global payments services, offering an alternative to traditional banks.
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Banks, PSPs prioritising payment modernisation to compete
Fri, 17th Jun 2022
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commerce systems
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payment gateways
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banking industry
A new report gives payment providers a forward-looking view of the evolution of payments and investment drivers for modernisation.
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Australians re-examining spending fees and charges
Wed, 15th Jun 2022
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finance, leasing & rental
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cloud banking solutions
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online banking
The majority of Australians are beginning to examine fees more closely. Unfortunately, no transaction is completely and always ‘free’.
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DataRobot AI solution for CIMB Bank recognised at Asset Triple A Digital Awards
Thu, 9th Jun 2022
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finance, leasing & rental
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ml
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rpa
CIMB Bank Berhad wins Best Financial AI Project in Malaysia at The Asset Triple A Digital Awards 2022 with its AI platform developed by DataRobot.
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Why personalised CX will pay off for Asia’s banks
Thu, 2nd Jun 2022
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fintech
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cx
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crm
In just a few years, well-funded fintech firms, mobile wallets, trading apps and digital-only banks have revolutionised the centuries-old banking industry.
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Gartner reveals top three tech trends for banks this year
Wed, 25th May 2022
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ai
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investment
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privacy
Gartner says generative artificial intelligence, autonomic systems and privacy-enhancing computation are gaining traction in banking and investment services.
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NICE CXone platform integration implemented with Regional Bank Australia
Mon, 9th May 2022
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bi
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contact centre
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data analytics
NICE's CXone platform is successfully implemented by Regional Bank Australia, streamlining contact centre operations and supporting branches.
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More solutions updates and developments from Xero announced
Thu, 5th May 2022
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accounting systems
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finance, leasing & rental
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commerce systems
Xero has announced new solutions, features, and updates for May, as well as developments in Australia and New Zealand markets.
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Australian small business unsatisfied with traditional banks
Tue, 3rd May 2022
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smb
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banking industry
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covid-19
Traditional banks in Australia are at risk of losing SME business to non-traditional competitors, according to new research by RFI Global for FICO.
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Incumbent banks must embrace data-centric capabilities
Fri, 29th Apr 2022
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fintech
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martech
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omnichannel
Retail banks are lagging in their ability to offer true omnichannel experiences, as customers pivot to competitors that offer more personalised experiences.
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Majority of banks paid ransom for cyberattacks last year
Tue, 26th Apr 2022
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virtualisation
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it automation
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apac
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.