Technology news for Australia's largest enterprises
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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.
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.
Equinix invests £29 million in London data centre expansion
In order for London to retain its title as the financial centre of the world, businesses require the latest IT infrastructure to thrive."
Why banks need to show more initiative in tackling cyber fraud
Why financial institutions need to combat the increasingly complex and intelligent threat landscape with a holistic security approach.
How Australia leads mobile disruption of banking and financial services
Apps provide an opportunity to streamline services and offer added convenience to users. App Annie’s Jaede Tan offers tips on how to flourish in the
Enex Carbon & PhishLine bring holistic security culture to APAC
US-based firm PhishLine and Australian firm Enex Carbon will combine security awareness expertise with turnkey solutions that fight cybercrime.
How to scrutinise business partners' security - especially if they're financial firms
Smaller organisations looking to work with Australian financial institutions need to ensure they have the right security measures in place."
Blockchain consortium R3 raises US$107m to fund financial distributed ledger infrastructure
Investors include major banks worldwide such as Bank of America, Barclays, Nordea, BNP Paribas Commonwealth Bank of Australia, and Societe Generale.
APIs – the key to collaboration between fintech and traditional finance institutions
APIs provide the necessary security, governance, and scalability, while still allowing the rich enablement users require.