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Weekly Global News Wrap: US banks deploy AI monitoring despite concerns; Big Eurozone banks underreporting risky assets
20 Apr 21
And British digital bank Starling raises $69m from Goldman Sachs funding arm.
South Korea's internet banking transactions up 20.6% in 2020
7 Apr 21
Daily, there were than 13 million online banking transactions in the country last year.
Still a long way ahead for the Philippines' digital banking hopes
6 Apr 21
Infrastructure and consumer issues remain, even with the framework laid out.
Mizuho Bank halts leadership change following system glitches
23 Mar 21
The bank suffered four glitches in a span of two weeks.
Thailand readies foundations for digital banking
11 Mar 21
In a surging digital economy, the country is poised to make its mark.
Mizuho Bank's latest system failure unveils control, operational risks: Moody's
3 Mar 21
Half of its ATMs in Japan shut down on 28 February despite a $3.7b system upgrade just two years ago.
HDFC Bank says internet banking issues 'resolved'
2 Mar 21
Its repeated technical glitches pushed India’s central bank to take action.
Goldman Sachs Asset Management adds BEA as Hong Kong retail market partner
24 Feb 21
Local retail investors can now access GSAM’s fund through seven retail distributors.
DBS launches facial biometrics feature for online corporate account opening process
23 Feb 21
SME business owners need only to face the camera to authenticate their application.
Deutsche Bank launches payments platform for Thai corporate clients
19 Feb 21
It will facilitate local collections through payments platform provider 2C2P.
LINE Bank granted operational licence in Taiwan
5 Feb 21
It will launch retail banking services in H1 2021.
How exponential tech drove Asian banks' business transformation
29 Jan 21
The webinar discussed trends in digitisation and how banks are effectively using data to enhance processes.
Singapore central bank amends rules on managing tech risks
18 Jan 21
Financial firms should analyse and share threat intelligence within the ecosystem.
Bitcoin price tops $36,800 in South Korea
11 Jan 21
Investors see the virtual currency as a safe asset amidst new coronavirus outbreaks.
How to build a future-ready bank amidst a crisis
7 Jan 21
Consumers are willing to trade their personal info for more tailored service offerings, says Accenture's Paul Ng.
Protecting consumer banking in a mobile era
7 Jan 21
With smart phone usage growing year over year, mobile banking is the preferred method of customer engagement with banks.
Financial services sector transformation gathers pace with COVID-19
6 Jan 21
Without a doubt, COVID-19 is rapidly changing the way business is done and this is visible across industries.
Citi APAC Treasury and Trade Solutions appoints new leaders for data, innovation
15 Dec 20
Citi Asia Pacific Treasury and Trade Solutions (TTS) has appointed new leadership for data and innovation, effective immediately.
Bangkok Bank unveils Thai conversational AI engine
10 Dec 20
It has achieved a 96% accuracy rate, based on internal tests by the bank.
Validating digital IDs too complex for Malaysian banks: survey
9 Dec 20
Half of respondents said processes are still too manual.
Humans to remain a key part of financial services in the future
8 Dec 20
AI to have biggest impact in financial services, but advisory services will still require human interaction.
Weekly Global News Wrap: Banks' chatbots 'need more personality'; Capital One bars BNPL credit card transactions
8 Dec 20
And France's Societe Generale to merge two retail banking networks.
Citibank rolls out Citi Plus in Hong Kong
4 Dec 20
Its clients can obtain customized wealth management information and knowledge kits.
Indonesia's Bank Mandiri outlines data strategies as pandemic continues
27 Nov 20
Their partnership with Cloudera has given them valuable insight on customer behavior.
Banking services in Asia's burgeoning mobile-first society
27 Nov 20
The development and penetration of the financial sector in local Asian markets confirms that the future has arrived in the region.
DigibankASIA picks Mambu to power new digital bank
25 Nov 20
DigibankASIA has selected the Philippines for the rollout of the new lender.
Aspire, Xero partner to minimise data errors for SMEs
17 Nov 20
Aspire transactions will be imported into Xero hourly.
Singapore SMEs consider switch to digital banks: Visa survey
28 Oct 20
Dissatisfaction on traditional corporate banking products is one reason.
DBS pilots online tracker for cross-border corporate collections
21 Oct 20
Clients in Singapore and Hong Kong will be the first to try the service.
EY, BCG, Citi, and more share key strategies for banking resilience
20 Oct 20
Almost 100 banking professionals participated in the first ABF Retail Banking Virtual Conference.
Tech pitfalls impede Philippine banks' authentication processes
20 Oct 20
Half of banks surveyed fret about the activity being too manual.
Bank-Genie, Cufa rolls out banking solutions for Myanmar's credit unions
13 Oct 20
Bank-Genie’s BanqIn will migrate customers’ data in a single platform.
Citi launches digital ETF Order Portal
25 Sep 20
It will digitize the bank’s entire ETF primary market cycle.
Standing Out with Invisible Payments: The Banking-as-a-Service Paradox
27 Aug 20
Banking-as-a-Service, or more commonly known as BaaS, is an end-to-end process that enables third parties to directly connect with banks ...
Vietnam's VPBank adapts Finastra's treasury solution to digitize operations
27 Aug 20
The Fusion Adopt program enables VPBank to trade higher volumes of treasury.
Digital-savvy Thais push banks' fintech adoption: S&P
26 Aug 20
About 60% of the population are more attuned to digital services.
Citibank unveils bank-to-bank money transfer service
25 Aug 20
It will facilitate easier transfers from other banks to Citibank accounts.
KASIKORNBANK, Lu International unveil online wealth management platform
18 Aug 20
It will make use of a cloud-exporting model developed by Lufax Holding.
Standard Chartered, Microsoft partner for cloud-based acceleration
11 Aug 20
The bank will adopt a multi-cloud approach in its core banking and trading systems.
Chart of the Week: Open banking behaviour strengthen in APAC
5 Aug 20
Around 30% said that they are open to sharing their data in relation to online purchases.
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