Displaying items by tag: Banking sector

Enterprise Data Hub fuels bank’s digital transformation

Leading the digital transformation of Indonesia’s banking sector

COMPANY NEWS by Qlik:  BTPN wants to lead Indonesia’s digital banking transformation. As the country relaxes regulation around digital banking, paving the way for entirely virtual banks, BTPN aims to be first to market with new digital services.

Commonwealth Bank is beefing up its digital resources with the launch of a new recruitment plan aimed at growing its network of engineers by at least 50 per month for the foreseeable future.

Two-thirds of banking executives believe that new technologies such as Artificial Intelligence (AI) and machine learning will continue to have the greatest impact on the global banking sector in the next five years, according to a new report conducted by the Economist Intelligence Unit (EIU) for banking software company Temenos.

Branchless digital bank Volt Bank has closed a $70 million Series C equity funding round, which was oversubscribed by $10 million beyond the original target of $60 million.

Mobile payments provider Sniip says it will be increasing the number of billers accessible through its app to 45,000, and gaining access to 1.5 million more payments each working day, after being sponsored into the BPAY scheme by e-payments giant, Indue.

Global corporate lending platform Trade Ledger says it has warned the Australian Government of substantial weaknesses in its proposed Open Banking implementation plan, when compared to the global best-practice model.

Australia’s ANZ Bank has implemented Google Cloud as part of a move to enhance its data and analytics capability.

Mutual financial company Australian Military Bank has gone live with the Infosys Finacle banking solution to drive its digital transformation program.

Telecommunications and data centre provider Macquarie Telecom has signed a three-year, $1 million-plus deal to deploy its business class NBN service to Regional Australia Bank.

The Australian Government is investing more than $600,000 in a program aimed at training high school students in digital security skills.

Blockchain deployments will enable banks to realise savings on cross-border settlement transactions of more than US$27 billion by the end of 2030, reducing costs by more than 11% per on-chain transaction, according to a newly released global report.

Adoption of chatbots by the retail, banking and healthcare sectors will realise businesses cost savings of US$11 billion annually by 2023, up from an estimated US$6 billion in 2018, according to a new report.

Less than 10% of enterprises have achieved their digital transformation goals, although the telecoms and banking sectors are the most mature in the drive for digital transformation, according to a new global report.

Demand for executives was marginally higher in March, with the IT industry once again the standout sector, gaining 11 points for the month.

Sydney-based Software AG executive Stephen Keys has been elevated to a new role in charge of the company’s business in the Asia Pacific, Japan, Middle East, North Africa and Turkey regions.