Banking industry stories

Mambu states that 1.8 billion Muslims are being underserved in the banking market, in part due to a lack of Sharia-compliant solutions.More

Adapting to change used to be a bank’s biggest liability. Now it can be its biggest asset.More

Banks are going back to the drawing board on their digital transformation programmes.More

This latest funding round was backed by TCV, which is a capital investment firm that has backed the likes of Airbnb, Expedia, LinkedIn, Netflix, and Zillow.More

"The new report, which analyses online conversations, reveals that in the battle for consumers, challengers and incumbent banks will need to meet customers demands for financial empowerment, enhanced digital experiences as well as safety and security."More

ANZ Bank has been named the winner for the A/NZ region in the digital transformation and cloud-native development categories at the Red Hat APAC Innovation Awards 2020.More

With the bar to success set so much higher amid lockdowns, innovation is almost essential, and one of the clearest paths to innovating a business model is through AI.More

The new CDR versions establish the groundwork for concurrent consent, which enables a data holder to simultaneously have multiple data sharing arrangements with an individual customer. More

"Cloudera’s data platform has assisted Bank Mandiri in handling the complexities of data management and supporting multi-function analytics amidst changing situations."More

“With a better understanding of the impact of COVID-19, banks and securities firms are now accelerating automation initiatives, such as customer-facing chatbots, robotic process automation (RPA) and end-to-end account origination solutions."More

"To realise our digital ambitions, Standard Chartered has chosen Microsoft as a strategic partner and this partnership marks a major milestone for the bank in adopting a cloud-first approach." More

“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."More

“We are working with Virgin Money and Temenos to imagine, make and run the bank of the future."More

Kiwibank will no longer accept cheques as cheque use declined and customers moved to faster, safer and cheaper ways to pay and get paid.More

The bank says it rapidly developed the API as part of its transformation to an agile operating model, with squads dedicated to the integration and the underlying technology platform.More

New Zealand urgently needs to increase its focus on the core foundations needed to operate in an AI enabled future.More

“Given the incredibly high volume of transactions over the coming weekend, and indeed the whole festive period, often merchants will accept that fraud will be higher than usual."More

"This sole purpose of this elaborate phishing scam is to harvest the login credentials of ANZ customers so the criminals behind this scam can break into their bank accounts."More

Neobanks are catering to customers who are tired of the big banks and those who seek alternatives, says financial advisory firm Mozo.More

“The banking and securities industry continues to spend in pursuit of digitalisation, whether through digital business optimisation or transformation."More

The joint report by Infosys Finacle and Efma explores the evolution of digital transformation and how banks have adopted and scaled it throughout their organisations.More

An Australian fintech firm called Moula is changing the way small business lending works, all through the use of artificial intelligence.More

Software  as a service (SaaS) banking engine Mambu has been positioned as a challenger in Gartner’s 2019 Magic Quadrant for Global Retail Core Banking.More

Digital-only banks and insurers will shape the future of financial services within Asia Pacific, according to new data released by Forrester this week.More