Banking in Brief
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Our archives on SEC
Financial institutions need to take extra caution as digital crimes show tremendous spike
Date: May 16, 2013With two Middle Eastern banks hit for $45m in a recent heist, banks will be well-advised to double security efforts to stay one step ahead of persistent cyber crooks.
Author: Wendy Weng
Categories: Operational Risk & Security, Technology & Operations
Keywords: RAKBANK, Bank of Muscat, Loretta Lynch, Cyber Security
Cathay United Bank remodels data warehouse to facilitate a single version of truth
Date: May 14, 2013The bank successfully partnered with Teradata to implement an enterprise-wide Data Management Infrastructure, improving analysis efficiency and risk control capabilities.
Author: Levina Lim
Categories: Customer Centricity, Data & Analytics, Data Management, Operational Risk & Security, Risk & Performance, Technology & Operations
Keywords: Asian Banker Summit 2013, Cathay United Bank, Teradata, MDM, CRM, Data Security, Disaster Recovery
Opportunity for Asia to capitalise on lessons from market integration initiatives in Europe
Date: Feb 19, 2013Satvinder Singh, global head of trust and securities services and cash management for financial institutions at Deutsche Bank discusses how the bank seeks to help customers negotiate the “new normal”.
Author: Foo Boon Ping
Categories: Trade Finance, Transaction Banking
Keywords: Deutsche Bank, ASEAN Trading Link, CCP, CEE, Target-2 Securities, CSD
Cloud computing gaining momentum as banks seek alternative outsourcing arrangements
Date: Jan 25, 2013Anshuman Singh, CTO, Enterprise Services of HP Asia Pacific and Japan discusses how cloud computing is changing the dynamics of the financial services industry.
Author: Carol Wheatcroft
Categories: Data & Analytics, Data Management, Innovation, Technology & Operations
Keywords: HP, Anshuman Singh, Cloud Computing, Data Security, Data Centre, Hybrid Cloud, IaaS, SaaS
Customisation and end-to-end information integration key focus of Malaysian transaction banks
Date: Dec 17, 2012Proceedings report from The Asian Banker Breakfast Roundtable Dialogue on key trends and best practices in transaction banking, key areas of concern and investment focus among Malaysian transaction banks.
Author: Levina Lim
Categories: Cash, Treasury & Trade, Operational Risk & Security, Payments, Technology & Operations, Trade Finance, Transaction Banking
Keywords: Malaysia, Revenue Management, Data Security, Customer Segmentation, End-To-End Automation
Is Asia ready to participate in P2P lending and payments?
Date: Nov 08, 2012Although P2P transactions are gaining traction in the UK and US, Asian P2P businesses are still in a nascent stage.
Author: Durva Lakhlani
Categories: Innovation, Payments, Retail Banking, Technology & Operations
Keywords: P2P Lending, Lending Club, Zopa, Prosper, Funding Circle, Paypal, Visa, SEC, Peer to Peer Finance Association, P2P Payments, JPMorgan, Wells Fargo, BofA, clearXchange, Popmoney, Citigroup
Banks must take measured and cost-effective approach to compliance
Date: Nov 05, 2012While FATCA’s recent implementation delay has provided breathing space for financial institutions, they will do well to employ a measured and cost-effective approach to compliance.
Author: Magessan Raj
Categories: Regulation, Risk and Regulation
Keywords: FATCA, IRS, IGA, US Treasury, Richard Weisman, Baker & McKenzie, Tim Clough, PricewaterhouseCoopers
Cloud computing and Big Data to underline financial technology development going forward
Date: Oct 24, 2012Tadashi Shimamoto, President and CEO of NRI feels that the move towards software as a service (SaaS) will steer the IT industry closer to cloud based computing.
Categories: Channels, Data & Analytics, Data Management, Innovation, Technology & Operations
Keywords: NRI, NRI APAC, Tadashi Shimamoto, Nomura Computer Systems, BPO, STP, STAR, Nomura Securities, Big Data, SaaS
Dark pools facilitate block trade execution but raise issues of transparency
Date: Oct 22, 2012Instead of restricting dark pools development, regulatory bodies have to learn how to respond to the emerging popularity of dark pools trading, and ensure compatibility with traditional exchanges.
Author: Foo Boon Ping
Categories: Exchanges, Markets & Exchanges, Risk & Compliance, Trading & Data
Keywords: Dark Pools, Liquidnet, Seth Merrin, HKEx, SGX, ASE, TSE, SEC