Asian Banking and Finance

1 week 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 week 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 week 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.

2 weeks ago | asianbankingandfinance.net | Frances Gagua

AI can help financial institutions’ marketing teams get the job done. The most effective marketing campaigns should bring the right message within eight seconds, and artificial intelligence (AI) can help financial institutions do just that, according to an Adobe, Inc. consultant. “AI is no longer just a buzzword, but a real lever to elevate experience and deal with problems,” Jeff Wee, a senior solution consultant at Adobe, told the Asian Banking & Finance and Insurance Asia 2025 Malaysia Summit.

3 weeks ago | asianbankingandfinance.net | Frances Gagua

Value migration to non-bank players with a "focused" model is accelerating. Digital innovation, embedded finance, artificial intelligence (AI), and personalisation are amongst factors that will shape Malaysia’s finance and insurance industry in the near future, market leaders and experts told attendees of the Asian Banking & Finance and Insurance Asia Summit - Malaysia 2025. Over 146 attendees attended the full-day event, held on 15 April at the Kuala Lumpur Hotel & Convention Centre.