Customers of Private Sector Banks Facing Problems in Net and Mobile Banking
Customers of several private sectors and well-known banks complained regarding encountering many issues in net and mobile banking in the course of the last few…
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Banks
The Central Bank of Russia will fine banks for weak cyber defense
On September 12, 2019, it became known that the Central Bank has a new punishment for banks for poor cyber defense. By the end of the year, the Central Bank…
Central Banks to Meet With Libra Founders in Switzerland on Monday
Officials from the European Central Bank (ECB) and 25 global central banks will meet with Libra to assess the financial stability risks of the project. Central…
Sberbank helped one of the largest US banks to prevent a cyber attack
In July, Sberbank helped one of the largest US banks to prevent a cyberattack and avoid damage of several million dollars. Deputy Chairman of the Board of…
Should Asian banks pay heed to ECB’s concerns about technology?
NEW AND EMERGING technology is something banks have always been cautious about. However, the European Central Bank’s (ECB) Director-General (DG) Korbinian Ibel…
Banks in APAC to face tough competition from digital-only players
Many of these are offered by new, digital-only players, and who are still working on earning the trust of customers in a data-aware environment. While…
Microsoft’s confidential computing improves security for banks
Air travel is a big part of my role at Microsoft. Being on planes for hours allows me to get a lot of work done without much interruption. One thing I always…
North Korea reportedly stole $2bn from banks and cryptocurrency exchanges
North Korea has skirted UN sanctions by using cyberattacks to generate funding for military weapons, a yet-to-be-released report claims. A leaked draft report…
IDC explains why banks must pay attention to intelligent automation
OVER THE PAST couple of years, banks and financial services institutions have been exploring how they can deliver better products and services to customers and…
Banks collect biometric data of citizens in Russia
More than 70 Bank offices in the Irkutsk region are already working in the Unified Biometric System, which allows receiving services of bank remotely. Recall…