Articles

  • 2 weeks ago | asianbankingandfinance.net | Frances Gagua

    The platform will soon let users find Muslim businesses in the region. Singapore fintech Aleta Planet Pte. Ltd. has rolled out a digital payment platform for Muslim communities in Southeast Asia. Future versions of the MPLUS Aleta app would feature a Muslim vendor directory, letting users find Muslim merchants and businesses in the region, Ryan Gwee, founder and group chairman at Aleta Planet, told Asian Banking & Finance.

  • 2 weeks ago | asianbankingandfinance.net | Frances Gagua

    The trial, which will take effect on 1 July, is a step in the right direction. Vietnam’s regulatory testing ground for digital lending, credit scoring and data sharing is expected to spawn innovative financial products that could improve traditional banking operations, analysts said.

  • 1 month ago | asianbankingandfinance.net | Frances Gagua

    Productive sectors need more capital to stimulate the slowing economy. Malaysia’s development banks should step up loans to small businesses in the face of a global trade war that puts economic growth, jobs and wages at risk. These loans will come in handy as private banks turn cautious during the “economic turmoil,” said Mohd Prasad Hanif, secretary general of the Association of Development Finance Institutions Malaysia (ADFIM).

  • 1 month ago | asianbankingandfinance.net | Frances Gagua

    AI Oscar uses more than a decade's worth of data to predict equity prices. OCBC Bank (Hong Kong) has launched a stock advisory service that uses artificial intelligence (AI), predicting and identifying stock price movements. Starting March, OCBC customers in the city have started getting emails filled with stock trading ideas compiled by the AI tool called AI Oscar or OCBC Securities’ Customer Artificial-Intelligence Radar.

  • 1 month ago | asianbankingandfinance.net | Frances Gagua

    Cybercriminals now use AI and deepfakes to scam people. Australian banks have started rolling out digital lock and block capabilities that let their clients disable compromised accounts using their apps to fight rising digital fraud. “We expect scammers to leverage emerging technologies like GenAI (generative artificial intelligence), deepfakes, and voice cloning to make their scams more convincing,” Shaq Johnson, head of customer protection at Australia and New Zealand Banking Group Ltd.

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