Views
What SVB collapse should teach us about managing risk
The collapse of SVB is a good reminder of how rapidly things can happen and how everything is linked. Here are some potential lessons we can learn from it. Read more…
banks
News
Bank giants slapped with big fines for WhatsApp usage
JP Morgan Chase, Bank of America and others collectively face more than $1 billion in regulatory fines for using unapproved messaging tools including WhatsApp. Read more…
News
Australian banks, postal service and lenders hit by internet outages
Australia’s central bank, the postal service and several commercial lenders as well as other companies grappled with internet outages. Read more…
Views
Is blockchain the only rival for traditional finance services?
We have waited a decade for the big wave of fintech company launches. People are frustrated with traditional banks and their finance services Read more…
Views
Banking board members have no real understanding of the digital world
It is shocking to read that Board Members within the banking community are lacking knowledge and skill when it comes to technology. Read more…
News
Third of world’s biggest banks – no board members with tech experience
A third of the world’s biggest banks still have no board members with professional technology experience, skills needed as they ramp up IT. Read more…
News
Robots help banks cope with loan requests through coronavirus pandemic
Banks flooded with loan requests from businesses struggling from the pandemic, hastily built robots that helped them cope with the deluge. Read more…
Views
The fintech turf wars in Southeast Asia are just hotting up
Part of the reason that banks are finding it hard to keep up with fintech innovators and disruptors in Southeast Asia is that they are offering a unique service Read more…
Features
Hong Kong banks gear up to be cool, cheap and fight off challengers
Hong Kong’s biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels. Read more…
News
Three big Australian banks to trial blockchain for retail financing
Australian banks will test a bank-guarantee platform for shopkeepers that uses a shared database, the first use of blockchain for retail finance Read more…
News
Now banks pan for gold in ‘data lakes’
Banks are racing to monetize the huge troves of data they hold in ‘data lakes’ – like panning for gold. Read more…
News
FinTech big challenge to traditional banks in Asia Pacific
Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business Read more…
Views
Forget AI, banks need to get rid of legacy systems to stand a chance
Banks will not stand a chance against FinTech start-ups crowding into the profitable bits of the market unless they fix their basic problems. Read more…
Views
Chatbots to save banks billions, unless they don’t
You can only imagine that the scripts and information that chatbots will be armed with will be more complex and patronising than if it was left to mere humans. Read more…
Views
Are traditional banks approaching their ‘Kodak moment’?
People are more confident using new digital banks and their services and, as my traditional banker friend said, we are approaching “the Kodak moment”. Read more…
Views
Identity verification enables a great customer experience
Digital banks use identity verification to enable a frictionless customer experience in exactly the same way that traditional banks don’t. Recently I received my invitation to sign up with N26, the Berlin-based digital bank, which Read more…
Off the Wire
Slow cloud adoption hindering bank transformation: survey
Although the majority of banks recognize the advantages of building new information technology (IT) systems on cloud platforms, many have been slow to transition to the cloud, and only one in four has a solid Read more…
Views
Criticizing FinTech over reputation risk is sheer hypocrisy
Traditional finance institutions often question and criticize the new finance models enabled by FinTech, using the excuse that banks are heavily regulated and must manage risks and protect their reputations. Yet the banking sector has Read more…
News
Banks back blockchain-based commodities platform
LONDON (Reuters) – Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement on Wednesday. The platform will Read more…
News
ECB shuns digital currency because cash is still king
FRANKFURT (Reuters) – The European Central bank has no plan to issue a digital currency because the underlying technology is still fragile and the use of physical cash still high in the euro zone, the Read more…