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Staying competitive in the modern financial services landscape requires that organisations deliver products and services at pace and at scale. It’s the focus of many digital transformation initiatives, which have only accelerated over the past year as the demand for improved digital capabilities has increased. As cloud adoption continues across fi...
06 August 2021 /cloud /devops Fintech
Ransomware on the rise: What are the risks? As financial technology becomes increasingly sophisticated and ubiquitous, so too do the risks of cybercrime. Financial institutions are prime targets for a litany of attacks including ransomware due to the vast quantities of critical value data (CVD) relating to its customers and employees. Ransomware ...
06 August 2021 /security /crime Information Security
Cloud, platforms, and open APIs are creating a world of opportunities for financial institutions to improve how they manage and use the wealth of data they possess – both to benefit customers and to grow their business. There are also many challenges banks and credit unions need to overcome before they can start making the most of their data. Man...
05 August 2021 Banking Strategy, Digital and Transformation
There are examples throughout history of society rejecting innovation of items which are commonplace today. Back in 1004 a Greek princess caused scandal and was embarrassingly accused of ‘excessive delicacy’ when she opted to use a fork while eating. When a plague hit shortly after and she met her untimely demise many stated this was a just punish...
05 August 2021 /wealth /predictions
Just a few short years ago the mention of fintechs and financial institutions in the same breath was enough to silence any boardroom discussions. However, as we’ve all experienced over the past 12 months, the world of payments is changing rapidly and the ability for banks to embrace collaboration is now being seen as an essential approach to meet ...
04 August 2021 /payments Fintech
In Singapore, DBS, OCBC and UOB Bank already taken the lead in FinTech. How do they start this transformation? 1. Build a start-up team As the largest bank in Southeast Asia, DBS Bank has won titles such as the world's best digital bank and the world's safest bank in recent years, which is an example of successful transformation. But only ten y
04 August 2021 /retail /inclusion Banking Strategy, Digital and Transformation
The GDPR law has been in effect since 2018, and since then many companies have been fined for their lack of concern for customers’ data privacy. What is the difference between how Amazon and Facebook were fined? Why did Amazon get fined more than others? The General Data Protection Regulation (GDPR) came into force on May 25th, 2018. A key aspect...
03 August 2021 /regulation
Investment management solutions are designed to help investors or owners recognize, manage, and communicate the performance and risks of assets and related investments. Investment management software offers new investors more visibility in their investments by providing on-demand access to planning reports. Thus, investment management software he...
03 August 2021 /markets /predictions Business Knowledge for IT
AI is evolving on fast pace. Financial organizations are already using AI technologies to identify fraud and unusual transactions, personalize customer service, help make decisions on creditworthiness, using natural language processing on text documents, and for cybersecurity and general risk management. Over the past decades, banks have been impr...
29 July 2021 /people /inclusion Fintech World
Cybercrime is rising across the board, and one of its top targets appears to be financial regulators. Financial services have long been on the front line of the fight against cybercrime. However, with attacks surging during the pandemic, that fight is becoming increasingly urgent. Regulators find themselves with the task of building capacity within...
29 July 2021 /security /regulation
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