Information Technology
Philippine central bank eyes AI rules for banks
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
SMBC inks MOU to explore commercialization of stablecoins
They will explore technical, regulatory, and market infrastructure requirements for it.
BNP Paribas names Marc Camus as chief information officer
Camus will oversee the bank’s IT strategy and IT System security.
NAB removed nearly 600 fake websites and products in 2024
They use spoofed URLs, promotions that pressure quick decisions, and fake testimonials.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
PH central bank unveil council for strengthening cyber resilience
The council will implement the BSP’s Financial Services Cyber Resilience Plan.
Beyond Bank, Cognizant modernize IT systems
It includes upgrading Beyond Bank’s End User Compute (EUC) systems.
Principled AI key to transformation of financial services
Companies must be transparent and fair to maintain trust and mitigate reputational risks.
Ant Int’l launches digital sustainability scorecard for MSMEs
The scorecard offers actionable insights for MSMEs to enhance ESG credibility.
Over half of banking executives struggle with data silos: report
This is due to technological barriers and cost constraints.
PH cybercrime body, JuanHand ink MOA on combat fintech lending cybercrime
They will develop a data and information sharing mechanism.
Swift to launch AI fraud detection service in 2025
Global fraud in financial services is estimated to have cost $485b in 2023.
Banks expand AI adoption amidst governance challenges
AI adoption in banking is increasing, but leaders emphasise careful deployment.
Security Bank boosts women in tech through mentorship
Gender diversity in tech is on the rise.
Finance sector marketing budgets under pressure in 2024 amidst disruptions
Marketing expert tells three strategic approaches for turbulent times.
MUFG Bank fined $1.75m for info management lapses
Sister firm MUMSS was separately fined $1.4m.
Regulators' push to curb tech outages may boost bank expenses by 20%
Banks in South and Southeast Asia must enhance tech systems or face firmer penalties.
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1. OCBC could distribute $460.7m in additional capital to investors 2. Finance leaders flag governance risks with fast growing fintech systems 3. UOB CEO calls for banks, fintechs, regulators to align on AI standards and trust 4. Foreign institutions pursue market entry as Japan strengthens fintech rules 5. Why AI governance is a key priority for financial institutionsResource Center
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Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.
Commentary
Fighting fraud in the digital banking age
Asian banking’s next frontier: Beyond growth, embracing precision
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections