Financial Technology

Axis ties-up with Bharti for mobile banking services

Bharti Airtel customers will now be able to open savings account in Axis Bank through their mobiles and cash deposits, transfers and withdrawals. Read ››

Mobile banking on the move in Indonesia

An Indonesian bank will build on the success of its mobile banking program. Read ››

Taking the pain out of annual budgeting

For many Asian companies the creation of the annual plan or budget is a major event that consumes significant time and resource across the organisation, particularly in finance. Read ››

Maximizing the cloud in financial institutions

Virtually every industry today is considering migrating to the cloud. Read ››

How to close the budget gap before it’s too late

A key role of the finance team in any commercial organisation is to co-ordinate the annual budgeting or fiscal planning process and then to provide regular updates on progress towards the attainment of that plan. Read ››

Which way is the wind blowing for Asian CFOs?

Let’s face it: those developed economies, that once were the ones spinning the globe including Japan, are currently fire-fighting their daily affairs of debt crisis, unemployment and so on. Read ››

OCBC invests S$20 M in account opening system in Singapore

OCBC Bank launched of its new S$20 million account opening system at all 56 OCBC Bank branches in Singapore. Read ››

Bank Indonesia sees need for e-money regulations

Bank Indonesia is calling for regulators to monitor purchases and banking transcations made through cellphones. Read ››

Citi appoints Sanjeev Jain as Head of Global Transaction Services for Indonesia

Jain was previously GTS’s Regional Head of Public Sector, Asia Pacific. Read ››

The wallet of the future

Read ››

India's non banking financial firms asked to phase out use of cheques

As part of its green initiative, the Reserve Bank today asked all non-banking financial companies (NBFCs) to gradually phase out use ofcheques and shift to electronic payment system. Read ››

MAS lifts penalty on DBS bank for online disruption

The penalty imposed on DBS Bankby the Monetary Authority of Singapore for the disruption to its online and banking systems in July has now been lifted. Read ››

8 out of 10 CMO’s to increase social media use in 3-5 years

And nearly 1,700 chief marketing offers believe that the digital media era is evolving the field. Read ››

Indonesia's ATM networks to be integrated by 2012

The integration of three ATM providers into a combined system should be completed by the end of 2012, a central bank official has said. Read ››

Huawei to introduce virtual ATM

Huawei Technologies will introduce the virtual ATM service in Malaysia next month. Read ››

FMB's online transaction disputes reach 3,000

The Financial Mediation Bureau is handling some 3,000 cases at the moment with the increasing number of disputes in online transactions. Read ››

Banks Urged To Rethink Traditional IT Security Practices

Banks and financial institutions should rethink their traditional network security practices as mobile devices proliferate, bandwidth demand expands and new cyber threats emerge, according to Fortinet, a leading network security provider. Read ››

Hanoi-based bank to streamline ops with Polaris platform

Vietnam government-owned bank headquartered in Hanoi will use Polaris Software Lab's Intellect Global Universal Banking M180 platform to centralise its operations. Read ››

Moody's invests in ChinaScope Financial

Moody's Corporation now has an ownership stake of about 16.7% of the Company. Read ››

BSN targets 300,000 Internet banking users by end-2011

Bank Simpanan Nasional is eyeing 300,000 users to its Internet banking by end of 2011, with about RM6 million transactions to be done online. Read ››

Bangkok Bank customers can now view cheques online

Bangkok Bank customers can now view images of cheques they have written through a new high-technology service enabling online banking. Read ››

Laos-Vietnam Bank to get technological facelift

The Laos-Vietnam Joint Venture Bank will transform its CorBanking software system with a US$431 million loan from the Corporation for Financing and Promoting Technology of Vietnam . Read ››

S. Koreans' Internet banking use inches up in Q2

The use of Internet banking in South Korea rose 0.7 percent in the second quarter from three months earlier. Read ››

Bank Andara launches world’s first mobile-enabled microfinance services network

AndaraLink offers 40mn Indonesians access to financial services via mobile terminals. Read ››

HKMA warns against fraudulent StanChart email

HKMA wishes to alert members of the public in Hong Kong to an e-mail purporting to be sent from Standard Chartered Bank Hong Kong Limited. Read ››

BaoViet Bank launches new e-bank services

Bao Viet Bank has launched the three new e-bank services namely EZ-Saving, EZ-Topup and EZ-Billing. Read ››

VietinBank to join toll collection at Tan Son Nhat Airport

Vietinbank signed a cooperation contract to jointly launch automatic toll collection service at non-stop toll station at Tan Son Nhat Airport, HCM City. Read ››

Maybank enhances security for Internet banking portal

Maybank has added enhanced security features to its Internet banking portal, Maybank2u.com. Read ››

ABC launches English online banking service

To enrich and improve its services, Agricultural Bank of China launched its the English-version corporate online banking service. Read ››

S-REITs poses risk to China

The expansion of the Singaporean industrial real-estate investment trusts (S-REITs) into China poses a number of business risks. Read ››

Japan quake impact on cash flows

It is important to continue to monitor relevant properties to determine the impact on profitability and values of Japan CMBS of the March 11 earthquake. Read ››

Singapore banking system stable outlook

Moody's says that the outlook for Singapore's banking system is stable, and expects banks to continue to record solid profits during the next 12 to 18 months. Read ››

System malfunction keeps Mizuho from processing transactions

A computer system malfunction brought Mizuho Bank's number of unprocessed transaction at 910,000. Read ››

Bangladesh govt signs e-tender deal with 5 banks

An agreement was signed between the government and five banks for introducing electronic bidding for public-works contract within the current month. Read ››

SeABank chooses Cisco to manage its solutions

Cisco implemented its technologies and solutions in retail banking at SeABank. Read ››

StanChart provides link to accounts overseas

Standard Chartered Bank launched Global Link, a one-stop online banking service for high net worth clients with accounts in other countries. Read ››

Vietnam banks want latest technologies against ATM theft

Vietnam's commercial banks want the latest technologies for security solutions for ATM cards due to the rising number of cases of ATM demolition and money theft. Read ››

Cambodia ATM numbers soar as bank sector develops

National Bank of Cambodia NBC recorded that 130 new ATMs were installed by commercial banks last year. Read ››

China Bank inks deal with SunGard

China Bank has selected SunGard’s Ambit Asset Liability Management solution. Read ››