Information Technology

Over 1 in 10 Filipinos lose money to scams

Over 1 in 10 Filipinos lose money to scams

Of those scammed, 38% were scammed more than ones, and only 4% reported to authorities.
22 hours ago

Standard Chartered rebrands GBS to Global Capability Centres

GBS operates hubs in China, India, Malaysia, and Poland.
6 days ago

Agentic AI threatens $75b of bank payments revenue by 2030

McKinsey says that $65b of deposit net interest income is at risk.
6 days ago

Korean bank AI hacks raise scrutiny as third-party risk exposed

Regulators may reinforce supervisory expectations around cyber controls, said Fitch.

Small banks are early AI adopters but infrastructure holds back scale

Nearly 2 in 3 already use AI in their IT departments, according to SAS’ study.

CBA, ASB, BofA join consortium for AI commerce rules

Their next step is to detail how the principles can be implemented.

Maybank saves $9.56m through small process changes

The bank says its initiatives have saved 2.17 million working days.

Stablecoins could split Asia’s payment systems further

Some 44% of finance professionals may use digital currencies within two years.

Only 2% of APAC bank leaders confident in scam detection

About 49% said they are not very confident and 2% are not confident at all.

APAC consumers trade transfer speed for fraud safety as deepfake fears rise

Singaporeans, Japanese, and Australian consumers are okay with a 24-hour transfer delay.

Ant, Mastercard, Visa build common AI agent identity framework

They aim to streamline AI agent onboarding and identification.

How can banks defend against AI-driven fraud?

Almost half of Asia-Pacific banks lose more than $10m to fraud yearly.

AI raises bank fraud risks as Australia faces control gaps

AUSTRAC has found potentially hundreds of millions of dollars in fraudulent loans.

Singapore banks trail 44% global scam reimbursement rate

Twelve per cent assess compensation individually rather than automatically.

SEA finance professionals want gen AI skills but proficiency lags

Nearly 3 in 4 said that they have only basic or no gen AI skills.

Finance professionals sideline coding for GenAI

Data visualisation ranks second at 34% whilst process automation reaches 29%.

Three in 5 Singapore banks still review fraud cases manually

75% of upgrade seekers are assessing behavioural biometrics and 20% plan to examine it.