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The Fintech Times – Edition 59

The Fintech Times

While the potential benefits appear endless, these advancements also present challenges, including tougher regulatory requirements, ethical considerations and the need for advanced data security measures.

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Finovate Global Southeast Asia: Payments, Lending, and the Rise of Islamic Digital Banking

Finovate

The service uses advanced security technology—including the Visa Token Service—to keep transaction data secure and is designed to meet EMVCo standards for digital checkout. The offering includes comprehensive core and digital banking services with payments, analytics, and Temenos Data Hub on Microsoft Azure cloud infrastructure.

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System Intrusion Rises to Dominance in APAC Threat Landscape

Fintech News

Asia-Pacific (APAC) is experiencing a dramatic surge in system intrusion attacks, as cybercriminals increasingly favor more sophisticated, multi-stage methods to gain deeper, sustained access into organizational systems. In 2024, these attacks accounted for 20% of breaches in APAC, marking a 49-point decline from 69% back in 2020.

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Are APAC Businesses Ready? Assessing Digital Preparedness in Finance

Fintech News

In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC). Digital transformation in APAC This digital acceleration suggests a future where AI and automation streamline operations and unlock new avenues for innovation and growth.

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Reshaping the Chief Financial Officer Role in the Digital Age

Fintech News

Industry collaboration and integration The partnership between industry leaders NEC APAC and TASConnect exemplifies the tools and capabilities underpinning this CFO transformation. Together, they provide integrated analytics, interactive data visualisations, performance benchmarking, and working capital enhancements in a unified platform.

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Lendela’s CMO Axel Frändén Steps Up as Deputy CEO

Fintech News

Lendela has also integrated with the digital identity solution ConnectID to enhance borrower data security and accuracy. His new role will allow us to harness this very strategic vision and expertise more broadly across the business as we continue to scale in APAC.” said Nima Karimi, CEO of Lendela.

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Singapore Outpaces Australia, US, and UK in Generative AI Trust, FIS Study Shows

Fintech News

Concerns and opportunities for education: While the study highlighted a robust trust in GenAI, it also noted that 31% of consumers have concerns, primarily revolving around data security (74%) and potential fraud (56%). This FIS study, conducted by Savanta in October 2023, surveyed a diverse group of consumers across Singapore.

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