Financial Services News

Financial Services News

  • Meaghan Jeffrey
  • 23 June 2014
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...
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  • Meaghan Jeffrey
  • 19 June 2014
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...
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  • Meaghan Jeffrey
  • 18 June 2014
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...
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  • Meaghan Jeffrey
  • 16 June 2014
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,...
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  • Meaghan Jeffrey
  • 13 June 2014
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...
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  • Meaghan Jeffrey
  • 10 June 2014
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...
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  • Meaghan Jeffrey
  • 4 June 2014
Asian banks continue to make the push into modernising and transforming core systems to improve their services and keep up to speed with customer needs. As many regions across Asia have been picked out in the past for having ‘older’...
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  • FST Media
  • 4 June 2014
It is easy to fall into the trap of thinking developing countries equals developing technology but the reality could not be any further from the truth. Spend time in rural villages in India and you are more likely to see...
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  • Meaghan Jeffrey
  • 20 May 2014
Asia is leading the Asia Pacific region with cardless ATM withdrawals that let bank customers access their money or send money to peers with only a mobile phone. One of the latest banks to offer this feature is Maybank in...
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  • Meaghan Jeffrey
  • 13 May 2014
Across Asia, Bitcoin acceptance remains divided, even as the Global Bitcoin Summit in China last week attempted to open discussions on the controversial topic. Recently, The People’s Bank of China issued orders to banks to crack down on virtual currency activity,...
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  • Meaghan Jeffrey
  • 11 May 2014
The ‘IT-Banking bandwagon’ threatens to disintermediate the banking sector with the recent launch of products by non-traditional players in this space proving to be disruptive to the traditional banking industry, according to IDC. Recently, Apple launched Apple Pay, Alibaba has...
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  • FST Media
  • 15 April 2014
While banks and insurers have been swift to respond to the Heartbleed vulnerability, some industry players say the damage may not yet be fully realised. Rob McMillan, Research Director at Gartner told FST Media “because this vulnerability has existed for...
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  • Meaghan Jeffrey
  • 8 April 2014
In an effort to bring convenience and improved customer service, Indonesian banks are busy pushing an unusual channel to appeal to customers: drive-through ATMs. The idea of not having to park your car and walk to an ATM is becoming...
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  • Meaghan Jeffrey
  • 2 April 2014
Calls for a stronger and more united banking regulation across the Asia Pacific region have grown stronger over the past week, in part spurred by Australian banks show growing interest in expanding into Asian region. Last week, David Murray, the...
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  • FST Media
  • 2 April 2014
It is safe to say the days when the banking industry could sit back and admire mobile innovation by the likes of Apple and Google are well and truly over. The extent to which Australians are now living their lives...
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