Digital banking news stories
Cost of fraud up 10 to 16% in APAC from pre-pandemic levels
LexisNexis Risk Solutions released the latest APAC edition of the True Cost of Fraud Study, which surveyed 387 risk and fraud executives.
Payment disruptions in digital banking - Entrust report
With the transformation of banking and payments is accelerating, the industry has caught disruption from many angles due to web trends and the global pandemic.
Philippines neobank Tonik steps up banking game with Google Cloud
According to Tonik founder and CEO Greg Krasnov, the company needed to drive its value proposition not just through cost, but also consumer trust.
Fintech innovation is bridging financial divides in Asia Pacific - report
A new report shows fast-paced fintech innovation in Asia Pacific has a measurable, positive impact on access to financial services in the region.
Mambu raises $235 million in latest funding round, sets sights on global growth
Mambu, the modern SaaS banking platform, has announced it has raised $235 million in an EQT Growth-led Series E funding round, the largest financing round to date for a banking software platform.
Cryptocurrrency: The next big thing Australia's banks need to keep an eye on
Banks should keep a finger on the pulse of the growing demand for cryptocurrency services, according to a global study by Visa.
Cloud Banking Solutions
Bank Australia rolls out voice biometrics designed by Nuance
After a successful test rollout at the end of 2020, the bank is now offering voice-based biometric protection to all customers.
Cloud Banking Solutions
Technology decisions can make or break a digital bank
Adapting to change used to be a bank’s biggest liability. Now it can be its biggest asset.
Video: 10 Minute IT Jams - Who is Mambu?
Mambu is a SaaS banking platform, providing technology to banks and others to power lending, deposit and other banking products.
Robotic Process Automation / RPA
AI in the finance sector - and how it will revolutionise banking
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.
Modern fintech services trump traditional banking solutions for small businesses
Modern fintech services reportedly better serve micro, small to medium enterprises (MSMEs) across the Association of Southeast Asian Nations (ASEAN) when compared to traditional banking solutions.
Backbase expands APAC presence with new Aussie offices
“With accelerating customer adoption of digital and regulated open banking, the future landscape presents significant opportunities for banks with the capabilities to adapt, offering holistic financial solutions and personalising at scale.”
How faster data is helping financial services firms cope with new demands
Since the Royal Commission into banking in Australia shone a spotlight on the industry, banks and other financial institutions have been under more pressure than ever before to know exactly where their data is.
Growth of digital payments set to cost Australian banks US$3 billion
Banks must change their business models to avoid massive shortfall in the next five years.
Banks feeling the pressure of the digital revolution
A new report found that competition is increasing between established retail banks and the technology and eCommerce disruptors that are offering new payment solutions.
Sydney fintech firm impresses Royal Bank of Scotland Group
Sydney-based fintech firm Waddle has successfully completed a six-month pilot partnership with the Royal Bank of Scotland Group (RBS Group).
Identity and Access Management
The three new fronts in the fight against fraud
Along with greater speed comes new fronts in the fight against fraud. Here are three trends to watch as financial institutions balance speed and security.
Xero to streamline bank feed system next week
Xero is hinting at new changes to its bank feeds system that could eliminate all paper application forms, manual checks and accuracy checking.
"Is this for real?" The reality of fraud against New Zealanders
Is this for real? More often than not these days it can be hard to tell, and it’s okay to be a bit suspicious, especially when it comes to fraud.
New Zealanders love digital banking - what it means for eCommerce
New Zealand consumers love online banking because of its speed and convenience, but they’re also worried about sharing too much personal data.
Australia grants first banking license to fintech startup
Restricted licensees can call themselves a “bank” but cannot “actively” conduct business and have two years to become fully licensed.
Xinja sneaks into home-loan market with Aussie credit licence
The licence is a significant step toward the company’s goal of building the first Australian, independent digital ‘neobank’.
‘Banking for blockchain’ platform raises AUD$37m in pre-ICO round
Bankera’s ‘digital bank’ will provide traditional banking and investment banking services to the blockchain marketplace including payments and loans.
Interview: The dark side of biometrics - why social engineering could destroy security
In depth with One Identity: "Anyone who has let a stranger hold an unlocked phone is putting themselves at risk of being breached."