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AI amplifies systemic risk to financial sector, says India's Reserve Bank boss
Who also worries misinformation on social media could threaten liquidity
AI + ML15 Oct 2024 | 6
AI chatbot gets green light to hallucinate your investment portfolio
Service due to roll out later this month, despite fears AI will crash the market
AI + ML25 Sep 2024 | 18
Bank fines HPE's financial services arm in India
Alleges its governance was MIA and its KYC SNAFU
Public Sector16 Sep 2024 | 2
GenAI spending bubble? Definitely 'maybe' says ServiceNow
It won't generate hundreds of million of dollars for customers tomorrow, and there's a 'lot of noise' from tech industry
AI + ML04 Sep 2024 | 34
Over 40 million Kakao Pay users' data somehow ended up with Alipay
Payment arm of Korean messaging app denies any illegal activity
Security15 Aug 2024 | 10
Intruders at HealthEquity rifled through storage, stole 4.3M people's data
No mention of malware or ransomware – somewhat of a rarity these days
Cyber-crime29 Jul 2024 | 5
NARROWER TOPICS
Singapore's banks to ditch texted one-time passwords
Accessibility be damned, preventing phishing is the priority
Security12 Jul 2024 | 41
Selfie-based authentication raises eyebrows among infosec experts
Vietnam now requires it for some purchases. It may be a fraud risk in Singapore. Or ML could be making it safe
Security08 Jul 2024 | 16
Affirm fears customer info pilfered during ransomware raid at Evolve Bank
Number of partners acknowledging data theft continues to rise
Malware Month02 Jul 2024 | 2
China's Big Tech companies taught Asia to pay by scanning QR codes, but made a mess along the way
Feature A push for interoperability is accelerating, but maybe not fast enough to stop biometrics taking over
Software17 Jun 2024 | 19
China's top rideshare boss vacates her role
ASIA IN BRIEF PLUS: Grab's fintech profits surges; TSMC exec gets ASML sticker shock; US and China talk about AI, and more.
Software20 May 2024 | 2
Block accused of mass compliance failures that saw digi-dollars reach terrorists
Developer of Square and Cash App reportedly has big back-end problems it was slow to fix
Security02 May 2024 | 5
Imagine if Uber offered car loans, not just rides. Its Indonesian analog will do this soon
Superapp GoTo has an angle on everything – even taming TikTok
Software01 May 2024 |
Australian operation of web host BlueVPS laid low by storage failure
Asia In Brief PLUS: AWS expands India payment options; Alibaba co-founders unite in criticism; Korea invests in AI; and more
Off-Prem15 Apr 2024 | 3
Singapore expands regulations for digital payment token service providers
More entities will need a license
Public Sector03 Apr 2024 | 2
China pushes its payment platforms towards an international presence
Bejing allows easier access to AliPay and Tencent's Weixin, and higher spending limits too
Software11 Mar 2024 | 7
Singapore's monetary authority advises banks to get busy protecting against quantum decryption
No time like the present, says central bank
Security21 Feb 2024 | 9
India to make its digital currency programmable
Reserve Bank also wants a national 2FA framework
Cyber-crime09 Feb 2024 | 26
Fintech engineer grounded by crypto fraud caper, including $300m spoof trades
Fourth conviction in South Africa-linked scheme
Legal08 Feb 2024 | 9
Bank boss has pay slashed after presiding over tech outages in 2023
Singapore's DBS wants accountability for digital dropouts
CxO07 Feb 2024 | 4
EquiLend drags systems offline after admitting attacker broke in
Securities lender processes trillions of dollars worth of Wall Street transactions every day
Cyber-crime25 Jan 2024 | 1
JPMorgan exec claims bank repels '45 billion' cyberattack attempts per day
Updated Assets boss also reckons she has more engineers than Amazon
CSO18 Jan 2024 | 20
Programmable or 'purpose-bound' money is coming, probably as a feature in central bank digital currencies
Interview Governments may dictate where or when you use it, but it's not a gift card
Software21 Dec 2023 | 156
India builds massive tech infrastructure to support finance sector
ERP for 63,000 small rural lenders, software for 1,800 banks, and better-than-hyperscale cloud for the rest
On-Prem20 Dec 2023 | 1
Use AI to accelerate adoption of central bank digital currencies, says IMF head
No turning back for cash replacement tokens, especially if they make credit more accessible
Software16 Nov 2023 | 15
Overheating datacenter stopped 2.5 million bank transactions
Running infrastructure in the tropics has its challenges – but so do failed disaster recovery plans
On-Prem07 Nov 2023 | 20
WeChat makes facial recog payment systems talk to the hand
Wave-to-pay tech seems ideal for Jedi cosplay – if palmprints and veins are the biometrics you're looking for
Personal Tech23 May 2023 | 5
Chinese city of Changshu to issue salaries in digital yuan
Adoption has been slow, maybe because there are few places to use it
Networks26 Apr 2023 | 22
Bank rewrote ads for infosec jobs to stop scaring away women
Blokes happily bluffed; women played it by the book, leaving the bank struggling to hire
Security04 Apr 2023 | 111
Australian FinTech takes itself offline to deal with cyber incident that caused data leak
Latitude blames a 'major vendor' for its woes. Is that a vendor? A cloud? Whoever they are, they're in trouble
Cyber-crime21 Mar 2023 | 4
SVB collapse's mix of money, urgency and uncertainty makes it irresistible to scammers
Phishing, dodgy domain names, and sophisticated attacks already deployed
Security15 Mar 2023 | 1
Two tech-centric banks strike trouble, spooking markets
Silicon Valley Bank sold billions in bonds as startups struggle, crypto-centric Silvergate Bank just gave up
Legal10 Mar 2023 | 12
India teases AI plan to 'catalyse the next generation of the internet'
Minister wants to release 'one of the largest datasets in the world'
AI + ML08 Mar 2023 | 5
Hong Kong to crypto exchanges: get a securities broker's licence, or go home
Crashes like FTX and Terra have made regulation necessary, say authorities, even as Territory seeks to become a virtual asset hub
Legal21 Feb 2023 | 7
Euronext says non, nein to US cloud providers services as rivals sign up
Data sovereignty and compliance gives CEO pause for thought as Deutsche Börse AG jumps in bed with Google
PaaS + IaaS10 Feb 2023 | 6
India bans 232 Chinese lending and betting apps
And a few non-Chinese lending apps that appear to have been scooped by accident
Legal07 Feb 2023 |
Alibaba's Jack Ma out as boss of fintech Ant Group
'Corporate governance optimization' sees founder's role reduced, but not in pursuit of a listing
Legal09 Jan 2023 | 3
Crypto craziness craps out – and about time too
Opinion Fintech, you're better than this. Time to concentrate on more helpful stuff
Networks23 Dec 2022 | 150
Financial authorities fine UK bank nearly $60m for platform migration disaster
Doesn't it make your current migration at work look like a walk in the park though
Systems20 Dec 2022 | 18
Singapore suggests blockchain to speed cross-border payments
Monetary Authority director calls current system 'not fit for 21st century'
Software11 Oct 2022 | 9
Indian authorities probe Singapore gaming payments outfit Coda
Claims kids unwittingly click up huge bills in games, only for their cash to fly offshore
Legal29 Sep 2022 | 2
Grab – Asia's Uber – knows customers and drivers so well it can vet them for loans
Understands income streams, seasonality of sales, how hard drivers work, and safety records
Applications27 Sep 2022 | 4
Obscure Asian fintech AMTD Digital becomes the new GameStop
Social media suspected as shares surge 20,000 percent and company admits there's no good explanation
Offbeat04 Aug 2022 | 16
Bank of Google? Not exactly. But fintech's future is in Big Tech's ecosystems
Comment Silicon Valley and financial institutions may be increasingly inseparable
Personal Tech05 Jul 2022 | 10
How can we make the VC world less pale and male, Congress wonders
'Combating tech bro culture' on the agenda this week for US House committee
Legal29 Jun 2022 | 23
Xi Jinping himself weighs in on how Big Tech should deploy FinTech
Beijing also outlines its GovTech vision and gets very excited about data
Legal24 Jun 2022 | 11
Alibaba continues international expansion – adds two datacenters and a bank
Bit barns in Saudi Arabia, all-digital bank in Singapore
Off-Prem08 Jun 2022 |
Fintech platform flaw could have allowed bank transfers, exposed data
Fintech provider flaw could have hit dozens of U.S. banks, says Salt Security
Security07 Apr 2022 | 9
Blockchain powered stock market rebuild started in 2017 delayed again
COBOL and Itanium to keep the job well into 2023 – past original 2020 go-live date
Software28 Mar 2022 | 24
Biting the hand that feeds IT
