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

Digital Banking stories

Cloud & Digital Banking solutions allow banks, credit unions and financial institutions to host computing services via the Internet, which helps them to be more efficient and reactive. Types of services include data storage, servers, or communication and networking as well.

Banking institutions deliver tools and solutions such as payment gateways, digital wallets, and secure online payments. The major strength of cloud banking comes from the private cloud used to manage these solutions, which increases the reliability and the flexibility of it.
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UK leads the way in cashless payments, outpacing the US
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payment technologies
The UK leads the charge in adopting contactless payments, as Marqeta's report reveals 80% of UK consumers used them last week, nearly double that of the US.
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MYOB rebrands ERP platform to MYOB Acumatica in partnership
Last week
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fintechs
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financial systems
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accounting systems
MYOB rebrands its ERP platform as MYOB Acumatica in an expanded strategic partnership with Acumatica, aiming to enhance mid-market business operations in Australia and New Zealand.
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Australian banks lead in AI adoption but face key challenges
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Australian banks lead AI adoption with 83% implementation rate, but face hurdles like poor data strategy, employee resistance, and leadership challenges, study reveals.
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Tackling the financial services talent shortage: Key to driving digital transformation
Last week
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data analytics
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digital transformation
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fintechs
The financial services sector in the UK is grappling with a severe talent shortage, as 160,000 workers need upskilling to drive essential digital transformation.
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GoCardless & ICE InsureTech partner to streamline payments
Last week
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payment technologies
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fintechs
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insurance
GoCardless and ICE InsureTech collaborate to streamline bank payment collections for insurance firms in Australia and New Zealand, enhancing efficiency and reducing costs.
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Australian workers prioritise work-life balance over higher pay
Last week
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financial systems
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fintechs
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productivity
Nearly half of 500 Australian workers surveyed by Humanforce have changed jobs in the past year, prioritising work-life balance and wellbeing over higher pay.
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MAT finance leaders urge Labour for increased school funding
Last week
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edutech
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financial systems
MAT finance leaders have urged Labour to boost school funding, highlighting rising costs, pay awards, and SEND provisions as critical concerns from an IMP Software survey.
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Unprepared executives face challenges with Google's cookie phase-out
Last week
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fintechs
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martech
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financial systems
A staggering 97% of executives feel unprepared for Google’s phase-out of third-party cookies, with 86% citing inadequate personalisation capabilities, reveals a new Optimizely survey.
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74% view banking app crucial for provider loyalty – survey
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fintechs
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martech
A new report reveals that 74% of digital banking customers in Australia and New Zealand consider their banking app crucial in choosing their bank.
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HSBC & Visa unveil Zing money app for global transactions
This month
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martech
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fintechs
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commerce systems
HSBC and Visa launch Zing, a money app enabling users to manage multi-currency funds and transact globally in over 200 countries, leveraging cutting-edge fintech.
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Xero launches SGD $630,000 fund to support small businesses
This month
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accounting systems
Xero has launched the second Xero Beautiful Business Fund to help small businesses and non-profits with their expansion plans.
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Xero relaunches Beautiful Business Fund for 2024 with NZD $750k
This month
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fintechs
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financial systems
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accounting systems
Xero's Beautiful Business Fund returns in 2024, offering over NZD $750,000 in funding to support small businesses and nonprofits globally in four key categories.
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MoEngage launches platform for Australian financial services
This month
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fintechs
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martech
MoEngage launches a new platform in Australia, aimed at helping financial institutions tackle inefficiencies and deliver personalised customer experiences in real time.
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UK business leaders stressed by rapid tech changes, study finds
This month
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digital transformation
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fintechs
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financial systems
A BBD Perfect Storm Co/Labs survey reveals UK business leaders' anxiety over rapid tech evolution, with many admitting to stress and a fear of appearing outdated.
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Anchora launches in New Zealand, appoints Romit Sinha as director
This month
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fintechs
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martech
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financial systems
Anchora has launched in New Zealand, appointing former Proximity CTO Romit Sinha as Regional Director. Sinha aims to boost business growth through advanced martech solutions.
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Digital incidents costing Australian firms millions
This month
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fintechs
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financial systems
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asia pacific
New PagerDuty research finds digital incident costs in Australia average AUD $1,036,327, with automation touted as crucial for mitigating financial impacts.
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UK finance leaders prioritise tech, AI to drive productivity
This month
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digital transformation
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fintechs
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financial systems
The 2024 Yooz survey reveals that finance leaders globally are prioritising technology use, cash flow optimisation, and reducing overheads.
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UK financial leaders shift support to Labour – report
This month
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fintechs
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financial systems
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labour party
Research shows 55% of UK financial leaders plan to vote Labour, foreseeing positive business impacts, contrasting with 26% expecting negative effects.
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API security gaps widen despite rising incidents, says survey
This month
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fintechs
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financial systems
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ai security
A new survey by Traceable AI reveals that API security gaps are widening even as API-related incidents rise, with fewer organisations implementing dedicated protection.
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Myths and misconceptions about cloud ERP debunked
This month
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it training
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crm
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encryption
Unmask the myths of cloud ERP: not just a costly, unreliable, or complex system, but a scalable, secure solution boosting efficiency and growth for all businesses.