7 security and risk management trends for 2019
Gartner has identified seven emerging security and risk management trends that will impact security, privacy and risk leaders in the longer term. According to the analyst these “top” trends are ongoing strategic shifts in the security ecosystem that are not yet widely recognized but are expected to have broad industry impact and significant potential for disruption. “External factors […]
Mobile payment challenges remain in 2019
Fifty-three percent of Asia Pacific’s connected consumers use their mobile devices to make payments. It helps that smartphone adoption continues to go up, but so has the lack of legacy banking structures has benefited Asia’s developing and emerging markets. The 2017 Connected Life study by Kantar TNS revealed that China is the number one mobile […]
HK trade finance gets blockchain
Banks are reluctant to adopt blockchain because they don’t want to share data with others.
Cyberthreat mitigation 101
Googling “banking cyber threats 2019” yields 25.4 million results in a matter of 0.57 seconds. Is that alarming or fantastic? It’s fantastic because it suggests there is no shortage of people willing to talk about cyber threats any day of the year. It’s alarming because there is no shortage of people warning about the reality […]
Data not guts should drive product development
Most organizations store and analyze data to better understand customers – this is the norm. Leonie Valentine, managing director for Google Hong Kong, sees another use for data. With data comes the “opportunity to find new partners and new business opportunities,” she opined. “I think that’s where we get a little bit more excited, about […]
FSI Automation: what’s in store beyond 2019
The Institute for Robotic Process Automation defines RPA as the application of technology that allows employees in a company to configure computer software or a “robot” to capture and interpret existing applications for processing a transaction, manipulating data, triggering responses, and communicating with other digital systems. IDC extends this definition to mean RPA as a software code that automates […]
Banks’ love-hate relationship with cash
I have started to lose track of the number of times we’ve covered “cashless” as a topic of interest in Fintech Innovation. Just to recap, by many metrics [and reports by analysts and consultants], Asia is on a pre-deterministic path towards cashless. UBS says the catalyzing factor is access to technology-led innovations like real-time payments using […]
Blockchains are not secure today
PoCs, pilots and the scaled-down application running via sandboxes will continue to be the norm, until such time as when the blockchain technology is sufficiently mature, or financial institutions are confident the risks are manageable.
What you need to remember about eKYC
<p>“<a href=”https://www.youtube.com/watch?v=qLgr_4iQ7hY” title=”On the Internet, no one knows you are a dog”>On the Internet, no one knows you are a dog</a>” This is a <a href=”https://knowyourmeme.com/memes/on-the-internet-nobody-knows-youre-a-dog” title=”meme”>meme</a> about the anonymity that the internet accords to its users. It was made famous by a Peter Steiner cartoon with the same caption published on the New Yorker […]
How much for my service
What is a reasonable rate to charge for services rendered? It used to be that financial advisors could charge a higher rate, given the resources behind them including the brand of the company they represent as well as their own brand [a.k.a. reputation in the market]. Perception of value is in flux in the financial […]
What troubles CIOs about cloud security
The benefits of the cloud are well understood. The chief reason is the ability to lower capital expenditure (CAPEX) when accessing new compute resources. For a subscription that becomes part of operational expenditure (OPEX), companies have the ability to scale fast, turn on new virtual machines for development or handle peak business periods confidently, while […]
Changing the innovation conversation
Many companies view Software-as-a-Service (SaaS) as a double-edged sword. It offers ideal solutions for age-old problems of business agility and infrastructure maintenance and adds new challenges in enforcing security policies and managing sensitive data. Still, companies see more benefits than challenges with SaaS offerings with many choosing these over migrating existing solutions or developing their […]