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Singapore to establish AI framework for 'fairness' credit scoring metrics
Monetary Authority of Singapore tasks two teams, comprising banks and artificial intelligence industry players, to develop metrics that ensure the "responsible use of AI" for credit risk scoring and customer marketing.
Singapore fintech firm secures $17M to build out platform
Raking in $17 million in its latest fund raising, GoBear will be looking to build up a "full-fledged financial services platform" and tap an estimated base of 300 million in the region who remain underserved by existing market offerings.
Australia's Consumer Data Right 'IT backbone' accreditation platform now live
The ACCC is sticking to the July 1 deadline for the sharing of financial services data.
Singapore puts $352M focus on digital transformation to help firms cope with pandemic fallout
Country's government is setting aside more than SG$500 million ($352.49 million) to facilitate local businesses in their digital transformation efforts. Specifically, the adoption of e-payments, e-invoicing, as well as advanced digital tools.
RBA to update transaction processing and settlement system for new payment streams
The Reserve Bank wants to be able to manage transactions for settlement in various domestic payment streams such as the New Payments Platform.
Silent Night Zeus financial botnet sold in underground forums
The botnet is being spread through the RIG exploit kit and COVID-19 spam campaigns.
Intuit's Q3 revenue falls 8% as pandemic upends tax season
The third quarter is traditionally tax season and Intuit generally performs well above its average on sales of consumer tax software.
GoodData and Visa: A common data-driven future?
From user, to partner and investor. That's not a very common scenario for software vendors, especially if the user-cum-partner-investor is someone like Visa. GoodData is evolving more than its relationship with select users.
Shopify intros Balance financial service for SMBs, expands access to AI fulfillment network
Shopify Balance is meant to help merchants organize commingled business and personal finances.
Westpac begins search for new CIO and consumer chief exec
Amid Austrac investigations, the bank has also created a new group executive to fill a financial crime, compliance, and conduct role.
Singapore's Temasek joins Facebook-backed Libra project
San Francisco-based firms Paradigm and Slow Ventures have also been named as new members.
COVID-19 blamed for 238% surge in cyberattacks against banks
Disarray caused by the pandemic has become a breeding ground for financially-motivated attacks.
Singapore offers more grants to help fintech firms ride out pandemic
The SG$6 million ($4.23 million) grant can be used by local fintech companies to cover their daily working capital expenses and finance new product development work with financial institutions.
CBA's technology investments streamlined COVID-19 support for customers
The bank also announced the sale of Colonial First State.
Razer to dispense masks in Singapore via its mobile wallet
Games hardware manufacturer says it will provide free surgical masks to Singapore residents through 20 vending machines located across the island, which can be accessed via Razer's mobile wallet app.
How blockchain technology can transform our world
The technology can be used in far more applications than virtual currency.
Halloween '13: What tech frightens us most
In their latest October 2013 survey released just in time for All Hallows' Eve, IT recruiting firm Modis surveyed 1000 Americans to find out what potential tech disasters are keeping them up at night.
DBS Bank transforms customer experience with tech
The Singapore bank's latest branch taps technology to improve customer service, providing a more interactive and intuitive experience, say DBS execs.
ZDNet App Wrap: September 17, 2012
Feedly, metro.am, YouTube, Planner Pro, St George Banking Application, Quora, 8Bit Beatbox, and Janetter Pro for Twitter.
ZDNet App Wrap: September 10, 2012
ANZ goMoney, HSBC, uTorrent, uDraw, The Decision App, Note.S, The Textastic Code Editor, and ScrapNote
Tech IPO busts from the Internet boom (gallery)
As Facebook prepares to launch its massive IPO, it's a good time to look at the late 90s to see what people thought were good investments.
Office and computer pranks
What better way to welcome back coworkers from an extended vacation than an amusing practical joke?
Facebook's IPO in pictures
Facebook's IPO filing included images. Here they are and here's what they mean.
10 indispensable Android apps
This new collection of Android apps features everything from a friendly keyboard to a convenient payment processor to a versatile music player.
How Apple should spend its $90 billion in cash
Apple, with a market capitalization of over $416 billion, its stock trading at around $445 a share, and swimming in over $90 billion in cash, needs to figure out how to spend its money. I’ve got a few suggestions.
Inside NAB's first concept branch: photos
The National Australia Bank (NAB) is looking to smarten up its branches going forwards, and last month unveiled its very first concept store in Melbourne. ZDNet Australia went to take a look behind the scenes at the branch's mix of smart self-service technology and open-plan design.
Inside CommBank's Kaching: photos
The Commonwealth Bank has made a to-do list as long as its proverbial arm for the future of its NFC-enabled, pay-anyone app Kaching!, which includes support for virtual currency, like Facebook Credits, coupons, deals and an eventual partnership with Google for its Wallet product. Take a look inside the first iteration of Kaching! and our chat with CommBank chief marketing officer, Andy Lark.
Inside CBA's tech-heavy office: photos
It's taken 18 months from go to woe, but the Commonwealth Bank has begun moving over 300 staff per week into its lavish new tech-filled offices on the Sydney Harbour foreshore. ZDNet Australia was invited to tour the offices with the bank's chief information officer, Michael Harte.
Ten catastrophes: All-time worst tech industry executive decisions
IT, software and computer companies are certainly not without their share of poor executive decisions and mismanagement. While dozens of notable examples could have made our list, these were by far the top top 10 worst in the history of the technology industry, causing many billions of dollars of lost revenue or resulted in the downfall of entire companies.
Gallery: SAP, Google put business on the map
SAP and Google are expanding their partnership to take large data sets and integrate them into Google Maps, Earth, Docs and other products.
Razer to dispense masks in Singapore via its mobile wallet
Games hardware manufacturer says it will provide free surgical masks to Singapore residents through 20 vending machines located across the island, which can be accessed via Razer's mobile wallet app.
CBA jumps on ANZ, NAB, Westpac-backed Slyp for digital receipts
Commonwealth Bank's funding now sees all big four banks have a minority equity stake in Slyp.
Banking trojan returns rearmed by lockdown thieves
The financial malware Zeus Sphinx has been upgraded with new C2 setups and encryption keys.
Australia's cashless welfare cards to go contactless while existing trials are extended
Canberra has also introduced a 1% interest rate on account balances.
COVID-19 brings three-month extension for Australia's Consumer Data Right
The ACCC has granted financial services providers with a three-month exemption to share product reference data due to the impact of COVID-19.
Singapore delays digital bank licensing decision due to COVID-19
Originally slated to be announced in June, the Monetary Authority of Singapore has postponed its decision on which companies will be awarded digital licences to the latter part of the year.
Mastercard ups contactless payment limit to AU$200
Further reducing the need to touch a terminal in an effort to help battle the spread of COVID-19.
CBA invests another $200m to fund Klarna's entry into Australia
CBA now has 50:50 ownership rights in the Swedish-based company's Australian and New Zealand business.
Western Union and Bharti Airtel to bring real-time payments to India and Africa
Airtel Payments Bank customers can soon direct Western Union money transfers into their bank accounts in real-time.
Reserve Bank seeks help as it migrates data centre kit to Cisco
The successful supplier will be responsible for delivering compute hardware and associated software to the Reserve Bank of Australia for the next five years.
Grab and Singtel partner up in bid for Singapore digital bank licence
Ride-sharing operator and telco plan to form a joint entity, with Grab owning a 60% share, and apply for a digital bank licence in Singapore, where they will look to target 'digital-first' consumers and small and midsize businesses.
NSW to allow phone payments while in McDonalds drive-thru
Drivers in New South Wales will be able to use phone payments as long as they are off public roads.
Westpac readies for new tech dubbed 'ambient intelligence'
The bank's new CTO wants to 'mesh' the bank's technologies together so the customer experience is seamless.
Westpac targeting customer privacy with AU$50m annual cyber spend
Westpac targeting customer privacy with AU$50m annual cyber spend
NAB, CBA, Telstra, and Microsoft to test Australian government AI ethics principles
The businesses have voluntarily put their hands up to test the principles in real world scenarios.
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