Financial Services News

Using social influencers to tout financial products and services would not have the same impact on the market as those throwing their support behind technology products and consumer goods, according to Jeff Cotrupe, Industry Director, Big Data & Analytics at...

As banks aim to overhaul their core banking platforms, integrating channels to create a seamless experience for customers across all access points emerged as a key priority in the year ahead, according to Asia’s financial services CIOs. The omni-channel ‘holy grail’ is...

An interim report released by the Financial Services inquiry on Tuesday labelled technology a powerful force for change in Australia’s financial system. Changes in Technology will contribute to a string of challenges according to the 400 page report, chaired by...

The Commonwealth Bank of Australia (CBA) leads Australia’s banks in a power 100 survey that has ranked the top 100 banks and credit unions around the world based on their activity on social media websites Facebook, Twitter and YouTube. CBA...

While responses to the recent CBA financial services fraud scandal are mixed, a report by international research powerhouse Ovum says banks needs to continuously invest in analytics to improve their ability to catch fraudsters in the act. CBA is facing...

Australian banks have hit back at a report by Macquarie, which has warned that the Big Four are set to lose a significant amount of market share to technology disruptors. The report scrutinised Australia’s Big Four, concluding that they have...

Thin profit margins, regulatory hurdles and the inability to understand risk will keep Google from eating the insurance industry’s lunch in Asia Pacific, according to research firm Ovum. Charles Juniper, Senior Analyst, Financial Services Technology at Ovum pointed to these...

David Fried will take on QBE’s merger of operations in Latin America and Asia Pacific to form an emerging markets division. Fried will vacate his role as Asia-Pacific Operations CEO and begin his new role in August. Bruce MacDiarmid has...

Korawut Leenabanchong will join Aberdeen Asset Management as Chief Executive in Thailand beginning on the 1st of July, he will vacate his role as Chief Investment Officer at UOB Asset Management. It follows the departure of Sujaree Junsawang, Director of...

As business goes digital, and data becomes more strategic, IT will play an important role in collating and analysing structured and unstructured data, according to Lilian Wong, Vice President & Chief Information Officer, Hong Kong, Manulife Financial. Wong defined a...

Innovating to better engage with customers remains a key challenge for the superannuation industry as the environment continues to go digital, according to executives speaking at The 4th Annual Technology and Innovation – The Future of Superannuation conference in Sydney...

As technology threatens to make existing jobs obsolete, the banking Industry needs to look at transforming jobs and re-skilling the workforce substantially, according to David Lynch, Managing Director, Technology and Operations Hong Kong and China at DBS. In his opening...

The Commonwealth Bank of Australia (CBA) has named David Whiteing as the new Group Executive, Enterprise Services and Chief Information Officer, replacing Michael Harte, who is leaving the bank to join Barclays as its Chief Operations and Technology Officer. Whiteing,...

Jeff Smith, CEO Suncorp Business Services, has resigned from the bank to take up a senior global executive position with IBM in the US. Smith will be replaced by Suncorp’s Chief Information Officer Matt Pancino. Smith will continue for a...

Big data will be central to combating disruptive technology competitive giants, according to industry observers. According to Jeff Cotrupe, Industry Director, Big Data and Analytics at Stratecast and Frost & Sullivan, financial services organisations in Asia need to work out...