Banking Technology
3 in 4 APAC bankers to stop working with a partner who flunks cybersecurity audits
3 in 4 APAC bankers to stop working with a partner who flunks cybersecurity audits
                                                                                                 
                        
                          Bankers tagged large retailers as the greatest data breach risk in 2017.
                    
                                        
                    
                Banks could save over $8b per annum by 2022 with chatbots
                                                                                                 
                        
                          The success rate of bot interactions in banking could reach over 90%.
                    
                                        
                    
                Banks caught in a social pickle
                                                                                                 
                        
                          If incumbent Asian banks should be wary of fintech firms, it is not because of the disruption they can cause. Rather, fintech firms can steal the...
                    
                                        
                    
                Standard Chartered Private Bank launches digital wealth advisory tool
                                                                                                 
                        
                          RMs can now advise clients more effectively based on an aggregation of the bank’s expertise.
                    
                                        
                    
                The 5 tech trends that are transforming Asian banking
                                                                                                 
                        
                          See which handful of technologies are powering the latest wave of innovative banking products and service enhancements in Asia.
                    
                                        
                    
                Check out how banks are pampering SMEs in these precarious times
                                                                                                 
                        
                          ASEAN has become a hotbed for SME-focussed banking innovations.
                    
                                        
                    
                Aussie banks disallowed by regulator to boycott Apple Pay
                                                                                                 
                        
                          The Australian Competition and Consumer Commission is concerned it would "reduce and distort competition".
                    
                                        
                    
                Weekly Global News Wrap Up: AI to dominate banking within 3 years; Banks cutting compliance jobs; German bank mistakenly transfers $5.4b to four banks
                                                                                                 
                        
                          UK banks are asked to prepare plans on how to deal Brexit, and RBS to shut 180 branches.
                    
                                        
                    
                What are Asian banks doing with blockchain?
                                                                                                 
                        
                          HSBC, BofAML, and Axis Bank are jumping on the blockchain bandwagon.
                    
                                        
                    
                CIMB launches Alipay mobile wallet in Malaysia
                                                                                                 
                        
                          The service will go live by May 2017.
                    
                                        
                    
                3 in 5 banks plan to invest in new customer-facing technologies
                                                                                                 
                        
                          Recruiting and retaining talent is another key growth agenda.
                    
                                        
                    
                Citi's voice biometrics authentication hits 1m users in less than a year
                                                                                                 
                        
                          The initiative is already implemented in 9 Asia Pacific markets.
                    
                                        
                    
                Bangkok Bank launches 12-week international fintech accelerator programme
                                                                                                 
                        
                          The programme will commence in June 2017.
                    
                                        
                    
                More Asians saying goodbye to cash
                                                                                                 
                        
                          Around 470 billion cashless payments were made worldwide in 2015.
                    
                                        
                    
                Japanese banks to use blockchain for domestic and international payments
                                                                                                 
                        
                          This is after a successful pilot programme for a cloud-based payments platform.
                    
                                        
                    
                Expect more banking chatbots in 2017
                                                                                                 
                        
                          Chatbots went from novelty to mainstream in 2016.
                    
                                        
                    
                Citi now allows cardholders in Asia to use rewards points when shopping at Amazon
                                                                                                 
                        
                          The offer is available for cardholders in Thailand, and soon in Singapore, Philippines, and Australia.