OCBC Bank deploys AI to tackle money laundering31/07/2017 Patrick Buncsi News
Singapore’s OCBC Bank has teamed with two local fintechs to pilot an artificial intelligence (AI)-based anti-money laundering and anti-terrorism financing solution.
Cyber risk the ‘number one concern’ for Aus insurers – PwC26/07/2017 Patrick Buncsi News
For a second year running, cyber risk tops the list of concerns plaguing Australian insurers in 2017, according to an industry survey by PwC.
IAG appoints Mark Drasutis as CDO24/07/2017 Patrick Buncsi News
IAG has appointed Mark Drasutis as chief digital officer (CDO), leading the business’s digital strategy and experience team, the company announced.
CBA, Austrade ink innovation agreement with HK & China24/07/2017 Patrick Buncsi News
The Commonwealth Bank, alongside the Australian Trade and Investment Commission (Austrade), has signed a collaboration agreement to support innovation between Australia, Hong Kong and Greater China.
ANZ launches ‘industry-first’ pre-assessment wizard24/07/2017 Patrick Buncsi News
ANZ Wealth subsidiary, OnePath, has launched a medical pre-assessment ‘wizard’ for its insurance division – an online tool to assist advisers in identifying loadings and policy exclusions in real-time.
ANZ joins Samsung Pay19/07/2017 Patrick Buncsi News
ANZ customers in Australia will now have access to Samsung Pay for mobile purchases, the bank announced.
PayPal partners with Samsung19/07/2017 Patrick Buncsi News
The world’s biggest smartphone developer, Samsung, has announced a partnership with the leading online payments provider, PayPal, adding the payments service as an option within the Samsung Pay ecosystem.
Jenius moves to Finastra's FusionBanking system18/07/2017 Patrick Buncsi News
Jenius digital bank, a subsidiary of Indonesia’s PT Bank Tabungan Pensiunan Nasional Tbk. (BTPN), has selected Finastra’s FusionBanking Essence Digital platform to deliver its service platform.
Risk aversion a key roadblock to digital transformation – Deloitte18/07/2017 Patrick Buncsi News
A significant number of companies are failing to derive business advantage from their technology, according to a report released by Deloitte.
Bank of Thailand, MAS secure dual fin services agreements14/07/2017 Patrick Buncsi News
The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) have concluded their biennial BOT-MAS Bilateral Meeting by securing two financial services agreements: a fintech cooperation deal, and an update to an existing Memorandum of Understanding (MoU) on banking supervision.
ANZ, Westpac deliver blockchain-backed bank guarantees11/07/2017 Anonymous News
ANZ and Westpac have teamed with international technology powerhouse, IBM, and the country’s largest shopping centre owner, Scentre Group, to successfully deliver a blockchain-enabled guarantee process for commercial property leasing.
Westpac joins global blockchain trial11/07/2017 Patrick Buncsi News
Westpac will follow in the wake of ANZ to become the second Australian ‘Big Four’ to join Swift's blockchain validation test program, the global payments messaging service announced.
DBS launches ‘instant’ e-payments settlement service – a Singapore first06/07/2017 Patrick Buncsi News
DBS Bank has launched a fast-tracked electronic payment service for travel insurance claims, a joint initiative with Singapore-based insurer, MSIG.
Delta wave: NZ insurance disruptor expands to Singapore05/07/2017 Patrick Buncsi News
Delta Insurance, an Auckland-based ‘insur-tech’, has opened its first overseas office in Singapore, delivering Asia’s “first cyber and technology Lloyd’s coverholder,” the company announced.