DataCenterNews Asia Pacific logo
Specialist data center news for Asia Pacific

Financial institutions stories - Page 1

Story image
BPC
APAC to be the fastest-growing cashless region - report
June 2022
BPC and Kapronasia's new report finds cashless transactions in APAC will rise by 109% from 2020 to 2025, while global cashless payments will triple by 2030.
Story image
VMware
Majority of banks paid ransom for cyberattacks last year
April 2022
VMware's most recent report finds 74% of businesses experienced one or more ransomware attacks in the last year, with 63% deciding to pay the ransom.
Story image
Open source
DiUS announces sale of global contract testing platform
April 2022
DiUS has announced it has entered a definitive agreement to sell its global contract-testing collaboration platform, Pactflow, to SmartBear.
Story image
Expansion
Personetics raises $85M, expands operations in Australia
January 2022
Personetics has raised $85 million in growth funding from Thoma Bravo, a software investment firm, doubling the company's valuation and securing a total funding of more than $160 million in 2021.
Story image
Cybercrime
Australian FIs are seeking more robust crime management solutions, report finds
November 2021
FIs across APAC are continuing to grapple with financial crime management strategy and investment to take full ownership and build in-house systems, buy a solution, or utilise managed services from a solution provider.
Story image
Fintech
The importance of anticipatory design in mobile banking
October 2021
Applying technology allows banks to anticipate their customer needs, create value and exceed customer expectations.
Story image
Ransomware
Supply chain and ransomware threats drove increase in cyber intelligence sharing
September 2021
There has been a increase in sophisticated cross-border cyber criminal campaigns against the financial sector and its supply chain.
Story image
Financial institutions
Entrust acquires financial technology company Antelop Solutions
September 2021
Entrust, a company specialising in trusted identity, payments and data protection, has announced a definitive agreement to acquire Antelop Solutions.
Story image
Digital risk
GBG and SEON strengthen online fraud prevention for financial institutions
September 2021
SEON’s technology is fully integrated into the GBG Intelligence Center to effectively use email, IP, phone, and social media as alternative data for fraud detection, while meeting compliance and data privacy needs.
Story image
Fraud
FiVerity launches 'revolutionary' Cyber Fraud Network
August 2021
"FiVerity's Cyber Fraud Network was created to solve problems and give financial institutions the tools they need to share information without violating their customers' privacy.”
Story image
Financial institutions
Traditional banks invest in apps to keep up with the competition
August 2021
Financial institutions across the APAC region are working to become more ingrained in the financial decisions of their customers, primarily through the development of digital financial wellness and money management apps.
Story image
Accuity
Manual processes leave financial orgs open to risk, study shows
August 2021
“Trade compliance is a critical function where mistakes can cost businesses millions. An area where the smallest omission can throw off the entire strategy of a business is no place to take a chance."
Story image
Snowflake
Allvue Systems launches centralised data cloud with Snowflake
August 2021
Allvue Systems has chosen Snowflake to offer a centralised data cloud, with the overarching aim of enhancing and simplifying client's data storage and processing capabilities across business lines and asset classes.
Story image
Snowflake
mx51 to use Snowflake for analytics and customer service
August 2021
Snowflake has been selected by merchant payment platform mx51 to support its analytics and customer service.
Story image
Financial institutions
Automation gives competitive edge to APAC financial services firms
June 2021
“Leveraging automation to build apps more cost-effectively and more quickly helps accelerate business processes, improves the customer experience, and makes the entire organisation much more efficient."
Story image
Customer experience
Moneythor and Envestnet | Yodlee partner, bring greater CX to finance sector
June 2021
"The demand for these types of solutions is continuously growing, and we are delighted to add Envestnet | Yodlee to our list of partners and to bring these solutions to life across Australia and New Zealand.”
Story image
Compliance
Global spending on financial crime compliance accelerates
June 2021
Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.
Story image
Cryptocurrency
New Bitcoin indicator series from State Street
May 2021
State Street Corporation has launched its new Bitcoin Indicator series, aiming to measure the popularity of Bitcoin and its impact on traditional markets. 
Story image
Cloud Banking Solutions
APAC financial firms bite down as crime compliance costs rise
March 2021
The total projected cost of financial crime compliance within Asia Pacific firms reached US$12.06 billion, according to a new report.
Story image
Financial institutions
Asia Pacific FSIs pay $5.1 billion for breaching AML & data privacy
February 2021
Financial institutions in Asia Pacific are paying a heavy price for not complying with some of the most common and widespread regulations designed to protect them and their customers.
Story image
Cybersecurity
Oracle rolls out anti-money laundering services for banks
November 2020
Oracle Financial Crime and Compliance Management Cloud Services is an application suite designed for mid-sized banks and smaller financial institutions.
Story image
Distributed Denial of Service
Radware signs on two more clients for DDoS protection
October 2020
While Radware did not share the names of its two clients, the company did explain more about the partnerships.
Story image
Fraud
Financial institutions in APAC region to invest millions in fraud prevention
October 2020
"The pandemic is creating a lot of uncertainty, but the majority of FIs in APAC recognise that an end to end fraud management platform is strategic to differentiating themselves from the highly disruptive landscape they are playing in."
Story image
Digital Transformation
Backbase and Mambu partner to continue to evolve banking industry
June 2020
“Mambu and Backbase are united in our goal to transform the banking industry. We enable banks to break free from legacy applications and successfully compete in a digital-first world."