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SaaS banking 'unicorn' Mambu eyes APAC expansion
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.
New report shows perceptions of challenger and traditional banks
"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."
ANZ Bank named winner of Red Hat awards for APAC region
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.
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.
Ping Identity empowers open banking adoption with additions to CDR sandbox
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.
Bank Mandiri teams up with Cloudera to better serve customers post COVID-19
"Cloudera’s data platform has assisted Bank Mandiri in handling the complexities of data management and supporting multi-function analytics amidst changing situations."
Banking and securities IT spending down, Gartner forecasts 2021 rebound
“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."
Standard Chartered Bank moves to cloud-first future with Microsoft
"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."
Backbase and Mambu partner to continue to evolve banking industry
“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."
Virgin Money teams with Temenos & Deloitte Digital to launch new bank
“We are working with Virgin Money and Temenos to imagine, make and run the bank of the future."
Kiwibank to stop accepting cheques
Kiwibank will no longer accept cheques as cheque use declined and customers moved to faster, safer and cheaper ways to pay and get paid.
Bankwest develops first third-party API for Lendi integration
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.
NZ's financial sector primed for AI, research finds
New Zealand urgently needs to increase its focus on the core foundations needed to operate in an AI enabled future.
Black Friday fraud: Who foots the bill?
“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."
ANZ Bank warns businesses and customers of phishing scam
"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."
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.
Australian banking and securities IT spend to reach $18.5 billion
“The banking and securities industry continues to spend in pursuit of digitalisation, whether through digital business optimisation or transformation."
Only 17% of banks have deployed digital at scale – report
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.
Australian fintech uses AI to disrupt banking industry
An Australian fintech firm called Moula is changing the way small business lending works, all through the use of artificial intelligence.
SaaS banking engine Mambu gains 'Challenger' spot in Gartner MQ
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.
Forrester report: Digital banks gain the edge on traditional players
Digital-only banks and insurers will shape the future of financial services within Asia Pacific, according to new data released by Forrester this week.
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.
TSB delivers nine-week turnaround on banking software rollout
TSB partnered with global banking software company Temenos to implement Temenos Infinity, a digital front office product that accelerates customer growth.
ThetaRay offering uses AI against financial cybercrime
ThetaRay version 4.0 enable banks to pinpoint activity that suggests money laundering, terrorist financing, human and drug trafficking, and other financial crimes.