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.
Commentary
The stablecoin conversation is missing the everyday user
Stablecoin payments are going mainstream. Hong Kong and APAC are showing how
Why digital assets are set to become mainstream in APAC
Bitcoin’s latest hacks expose where trust really sits in Asia
Singapore's next payments opportunity
DIFC's reforms open new doors for Asian businesses: Is yours ready?
Why Asia’s private wealth industry requires a new era of governance