Financial Technology

OCBC to slash bank teller jobs by half as it digitises branch operations

The bank has set aside $14m for the deployment of the new ATMs.

OCBC to slash bank teller jobs by half as it digitises branch operations

The bank has set aside $14m for the deployment of the new ATMs.

Hong Kong launches Open API framework for banks

The central bank hopes that lenders start deploying open APIs within six months.

Steep capital requirements may hit Asian banks holding crypto assets

Regulators are eyeing the same set of capital guidelines used for conventional assets.

Hong Kong to launch blockchain-powered trade finance platform in September

This involves the participation of the central bank and seven other lenders.

7 in 10 Indonesian banks threatened by ride-hailing firm Go-Jek

The app’s wide payment capabilities poses a risk to conventional banks.

Philippine banks explore blockchain for payment and remittance services

The central bank approved a pilot project creating a real-time remittance corridor.

How can Hong Kong banks reconcile third party data sharing with cybersecurity?

Banks need robust cyber resilience strategies to plug risks.

Indian court affirms ruling banning bank dealings in virtual currencies

The regulator gave banks three months to cease all crypto operations.

Hang Seng Bank to use fintech in credit risk assessment by Q4

Fintech and big data will be used in assessing loan applications.

Indian banks embrace AI to drive costs down

SBI has deployed a virtual assistant to resolve customer queries.

CIMB Singapore debuts online application for SGD fixed deposits

It will offer promotional rates for the deposits until 31 July.

Citi hops aboard Hong Kong's chatbot race with planned Facebook Messenger chatbot

Customers will soon be able to check account balance via the messaging app.

Australia's purely digital bank Volt inks deal with fintech platform for payments

Customers will be able to connect with multiple service providers without changing existing payments and tech infrastructure.

Alibaba-backed online lender MYBank opens up tech solutions to other banks

The company is similarly boosting the digital transformation of other banks.