Information Technology
AI raises bank fraud risks as Australia faces control gaps
AI raises bank fraud risks as Australia faces control gaps
AUSTRAC has found potentially hundreds of millions of dollars in fraudulent loans.
5 days ago
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.
BSP unveils AI rules for Philippine banks and vendors
It aims to guide FIs developing their own AI governance and risk management frameworks.
Alert overload ranks amongst top concerns for half of bankers
Manual work ranked amongst the top three concerns for 47% of respondents.
Westpac poaches Macquarie CIO to lead digital transformation
Richard Heeley will join Westpac later in 2026.
Tool dependence leaves institutions with cyber gaps
Cyber awareness must reach receptionists and CEOs as AI attacks target humans not just systems.
APAC finance firms pummeled by 52% of global cyberattacks in 2025
Banks accounted for 44% of all attacks and got 92% of lower-level attacks.
Bank phishing declines but still drives 26% of attacks
Bank services may be becoming increasingly difficult to successfully impersonate.
Commonwealth Bank of Australia deploys agentic AI to detect scam patterns
It also creates new rules to intercept scams, approved by the bank’s fraud analytics team.
Over 2 in 3 APAC adults say financial scams are on the rise: LSEG
Australians are most concerned about scams whilst the Chinese are likeliest to lose money.
APAC banks' data sharing outpaces global average but fragments access
Korea and India offer widest datasets whilst Indonesia restricts scope.
Malaysia fines BKRM following cybersecurity breach
An external party gained unauthorised access to the bank’s IT infrastructure, the BNM said.
Banks face budget squeeze from AI and legacy systems
Corporate IT allocations are projected to keep climbing through 2027.
Mastercard partners to launch cyber shield for SMEs and public sector
Partnership merges Recorded Future with WAF to guard against Shadow IT threats.
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Tài Chính Số Tận Tâm (Conscientious Digi-Finance) puts customer experience at the centre, helping people better monitor, manage, and take control of their financial decisions.
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