Westpac’s digital security measures for customers. New data released today by Westpac shows customers using a unique digital card feature in its mobile banking app have experienced a significant reduction in card fraud when shopping online. The dynamic Card Verification Code (CVC) feature was introduced in the Westpac app in…
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China matters highlighted. The year was 2014 when China’s banking sector shook hands on a private banking license deal with the country’s Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But little did we know about a digital currency…
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SMEs can now access same-day trade financing in a simple and digital manner. DBS Bank (Hong Kong) Limited and GS1 Hong Kong are pleased to announce the launch of an innovative digital post-shipment trade financing solution powered by alternative data. With this offering, small and medium-sized enterprises (SMEs) on GS1…
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The joint exercise tested the effectiveness of cyber crisis coordination and response. The Monetary Authority of Singapore (MAS), the Banque de France (BdF) and the Autorité de contrôle prudentiel et de résolution (ACPR) yesterday carried out a joint crisis management exercise focused on cybersecurity threats. The exercise follows from the…
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Grid-forming technology is pivotal in maintaining grid stability. The Commonwealth Bank of Australia (CBA) has supported Edify Energy with project finance for construction of Australia’s largest approved grid-forming battery in Darlington Point, outside of Griffith in regional NSW. The 150 MW/300 MWh energy storage portfolio designed and developed by Edify…
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Millions of its customers nationwide can enjoy exceptional services and products. SCB announced today the adoption of IBM zSystems, bringing the highly secured, high availability and resiliency platform to its core-banking applications to support the agile microservice development of new services and products in response to today’s fast-paced digital consumer…
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Everything we do now always has a very strong technology aspect. A month into her position as Westpac’s latest CTO, Yianna Papanikolaou what’s making transformation more important right now is that technology is moving fast, fuelling innovation, and changing consumers’ expectations quicker than in the past. In an interview with…
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National Australia Bank (NAB) has been through a significant transformation. The big four bank has bolstered its executive leadership team and implemented a new business strategy built around the concept of ‘twin peaks’, according to Susan Ferrier, who began working as NAB’s Group Executive of People and Culture in October…
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