Information Technology
Malaysia’s central bank fines Bank of China for unapproved system relocation
Malaysia’s central bank fines Bank of China for unapproved system relocation
The bank reportedly failed to obtain approval before relocating the systems.
DBS enhances gov’t grant payouts using blockchain for faster distribution
Once conditions are met, the cash is disbursed automatically.
BOCHK warns against suspicious SMS messages
It reminded customers that it will only send messages starting with a “#”.
Hong Kong central bank launches gen AI sandbox
Banks are encouraged to make full use of the sandbox.
India’s HDFC Bank warns against fraudulent trading platforms
Fraudsters would make fake platforms and apps showing fake returns.
The Importance of Digital Identity Management in the Finance Industry
Having a reliable and secure way to confirm the identity of customers has become crucial for financial institutions.
MAS “closely monitoring” global IT outage
Major banks reported little to no impact to customers and key operations.
Hong Kong process with plan to regulate stablecoin issuers
It has published a consultation paper based on 108 submissions.
Over 600,000 payment cards’ info stolen
Over 99% of stolen data include names, computer files, amongst others.
Data analytics key to SEA digital banks' profitability and retention
After the initial novelty and rewards, digibank users are likely to revert to their old bank.
NAB customer alerts lead to 17% decline in scam losses
Customers are said to have abandoned $100m in possible scam payments.
Financial firms to raise gen AI spending as they seek growth benefits
Despite hype, gen AI spending is low in 2023, at around $400,000 at its highest.
ASEAN banks show impressive uptime performance in 2023 – Brankas
The report calls for better customer awareness of disruption and recommends institutions to keep at least a 99% uptime.
KakaoBank expands AI research at ICN10 data centre
Digital Realty's ICN10 data centre was selected for its optimized AI deployments.
The New World of Risks Faced by Digital Banks in Singapore
The digital banking sector in Singapore has grown in importance over the years alongside the established banks, improving the quality of financial...
Bank of Korea launches financial and economic snapshot platform
It is optimised for mobile devices to make data viewing easier for the public.
HSBC appoints Shayan Hazir as Chief Digital Officer for ASEAN
The former GLMC head has over 18 years of bank leadership experience under HSBC.
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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