finance
CITIC Securities (CITICS) is improving its asset management business with a new accounting solution that can meet multi-currency, multi-GAAP (Generally Accepted Accounting Principles), multi-market and multi-product valuation accounting requirements. Full Storymore
The projected IT budget of the banking sector of Indonesia is expected to grow by 14.3% this year, half of which will be accounted for by the nation's 10 largest banks. Full Storymore
Retail, commercial and private banks are striving for robust customer management to optimize customer relationships and rebuild the trust lost as a result of the financial crisis.Full Storymore
Chartis, one of the world's leading insurers, has called on Chairmen and CEOs to get serious about cyber threats, saying current corporate risk management practices in Hong Kong were inadequate against cyber threats. Full Storymore
TA Securities Holdings Berhad has completed migrating its entire dealer network to an advanced electronic trading platform, the first Malaysian stockbroking house to comply with a deadline mandated by Bursa Malaysia (Bursa).Full Storymore
Financial information providers and technology vendors in Hong Kong will be beneficiaries of low-latency connectivity and on-demand computing solutions and services for Hong Kong Exchanges and Clearing Limited‘s (HKEx) new data center. Full Storymore
Concerns about rising cyber crime, new data protection regulation and the rapid adoption of new technologies are causing companies across Asia to re-examine their risk management strategies. To help companies manage this risk, insurers are introducing cyber-specific insurance policies. Full Storymore
Asia-Pacific financial services institutions are still taking a measured approach to cloud computing, as the industry awaits further clarity on cloud computing regulations and better articulation of business benefits by IT vendors. Full Storymore
A Roy Morgan Research Business Banking Survey from June 2010 to March 2012 showed that Australian business customers are less satisfied with banks.Full Storymore
At least 32 of the top 120 Asia-Pacific excluding apan banks are being expected to undertake significant changes to their current core banking systems from now to 2015, cited IDC Financial Insights.Full Storymore
Mobile seen as a game-changer and competitive differentiator as market leaders like Standard Chartered, Noble Group and CLP forge expansive mobile strategies.Full Storymore
In migrating from yesterday’s closed technology platform to tomorrow’s more liberalized communications environment, the right consumerization approach will depend on a number of factors. Full Storymore
The Dutch-Bangla Bank Limited (DBBL) mobile banking platform, which allows customers to manage their money via their mobile phones, and to serve Bangladesh under-banked population garnered the “Best Mobile Banking Initiative Award”.Full Storymore
A combined telecommunication and banking service platform that turns the mobile phone into an innovative and efficient payment instrument for carrying out money transfers and air time purchasing is now offered in Mexico.Full Storymore
Over two-thirds of consumers are willing to allow their online usage and personal profile information to be tracked.Full Storymore
IT chiefs in Asia looking at tapping into the China market need to understand that higher interest rates and contracted private sector credit have affected housing investment and foreign trade.Full Storymore
Teaming cloud computing with predictive analytics and better visualization of Big Data is creating a revolution in human trading intelligence.Full Storymore
Business confidence has bounced back in Singapore, thanks to cost cutting measures that have been put in place. Full Storymore
Capital markets executives surveyed in Asia-Pacific by Sybase, Inc. believe that front-middle-back office integration (45%) is the number one challenge their firms face; while 30% cited data latency followed by regulatory burden (25%). Full Storymore
As cross-asset trading ascends, firms must prepare to upgrade infrastructure and risk-monitoring capabilities. Today’s firms seek to break with tradition, driving toward a future where trades of every variety are not only possible but are driven to the extremes of efficiency thanks to automation and low latency.Full Storymore