Financial institutions news stories - Page 2
Finance teams take steps to basic automation - Trintech report
“The large number of respondents who indicated that they’re developing automation for their compliance process suggests that organizations are starting to move up the automation maturity curve."
Robotic Process Automation / RPA
Doing more with less: How RPA will assist finance departments in the new economy
In today’s challenging economic climate, Australian and New Zealand finance professionals are under pressure to up their output and contain costs.
Improving contact centre performance during times of peak demand
Extremely high call volumes are resulting in longer than normal wait times and frustrated customers. Firms risk taking a hit to their reputation if the situation doesn’t improve.
Equinix further establishes itself in Singapore's foreign exchange market
"With more demand for low-latency solutions in FX and bond markets, we are confident that Equinix's mature FX ecosystem in the country will create more opportunities for major banks, financial services institutes and retail FX brokers both regionally and globally."
Women in Technology
IWD 2020 interview: BlackLine's Claudia Pirko & Ecosystm's Jannat Maqbool
As a celebration of International Women’s Day (IWD), we’re running a series of interviews with women in technology. BlackLine’s A/NZ regional vice president Claudia Pirko and Ecosystm principal advisor Jannat Maqbool share their thoughts.
How has blockchain impacted the trading market?
It could be said that trading is in very good health as we head ever further into 2020.
AFIN, Ecosystm to bring global fintech marketplace to NZ
According to AFIN, the platform will enable fintechs and financial institutions to leverage technologies such as compliance as a service.
The rise of the Neobanks: How they challenge traditional banking
Neobanks are catering to customers who are tired of the big banks and those who seek alternatives, says financial advisory firm Mozo.
OpenLegacy uses $50m windfall to fund APJ expansion
The company’s new Hong Kong office will enable the company to access many of the world's largest financial institutions.
Huawei, Chinasoft draw on data lakes for intelligent financial solution
"It helps banks redefine converged data lakes for finance and achieve more intelligent and real-time data analysis, accelerating the conversion from data to value and digital transformation."
Kiwibank reestablishes commitment to local market, despite drop in profit
“Kiwibank has a strong purpose and that is to make Kiwis better off. Our founding vision was for New Zealand to have a real and credible alternative to the offshore-owned banks, that remains at the heart of who we are and why we exist."
New partnership brings opportunities for China-UK fintech collaboration
The agreement signifies a substantial cooperating step between Chengdu and London in the field of finance.
Global banks fail to keep up with application security
One bank had an unpatched vulnerability that has existed since at least 2011.
Financial institutions' websites most frequently attacked – report
Positive Technologies found that the majority of all web attacks in 2018 targeted sites of financial institutions, transportation companies, hospitality and entertainment companies.
Unisys: Users looking for data security when choosing banks
The report studied attitudes of banking customers in Hong Kong, Australia, New Zealand, the Philippines and Taiwan.
Unisys encourages financial institutions to adopt open banking
“It establishes the bank as an integral part of the customers’ life – a ‘one-stop-shop’ where they can get personalised products and services they want, when they want them.”
Equifax, FICO launch data analytics tool for FSIs
The new Data Decisions Cloud is an end-to-end data analytics suite that addresses needs across risk, fraud, and marketing to allow the financial sector to meet consumer needs.
Robotic Process Automation / RPA
IDC: Need for RPA growing among APAC financial institutions
Automation is quickly becoming a must-have for many organisations across APAC, especially banks and insurance companies, says IDC.
Xinja can now officially call itself a bank
The ‘neo’bank that is focused on being a digital disruptor to traditional financial institutions has received a restricted banking license from APRA.
Tackling the finance sector’s biggest challenge: trust and performance
As customers flock to digital channels to manage their money, the pressure is on for financial institutions to offer a seamless experience.
Colt activates network in US, joins 870 data centers in Asia & EU
Colt Technology Services (Colt) has officially announced the launch of its software-driven network in the US that already includes 13 cities.
Financial services must change mindset to contain cyberattacks
CyberArk's EMEA VP discusses evolving techniques of cybercrime in the financial sector and how businesses need to think like attackers.
Report finds major banks under assault from stealth attacks
Cybercriminals are developing new technologies to not only penetrate system defences, but also to dwell within a company environment for longer.
ACIP releases best practices to stamp out financial crime in Singapore
Singapore must not tarnish its reputation as an international financial centre and transport hub by becoming a transit point for money laundering.