Impact of Cryptocurrency to Financial Industry

The Hong Kong government has recently given the green light for the retail trading of cryptocurrencies, marking a significant moment in the industry. Starting from June 1, this move is expected to have a positive impact on the prices of cryptocurrencies, particularly major tokens like Bitcoin and Ether, as it introduces a new licensing regime

In recent years, the US banking system has been facing a critical juncture with a number of high-profile bank collapses. As a result, consumers are worried about their deposits and whether they will receive them in full. This has led to a fear that US banks at risk could become a global issue, affecting not

The financial crisis storm that has been triggered by the recent collapse of US Silicon Valley Bank has raised concerns about the stability of the banking system and its impact on the global economy. The collapse of the bank has been followed by that of Signature bank, which has further heightened market concerns. The US

Central Bank Digital Currency (CBDC) is a new form of money that exists only in digital form, issued by a state’s central bank. It is different from virtual currencies and cryptocurrencies since it is backed by a state’s authority. Most central banks worldwide are now in various stages of their evaluation of launching their national

Over the years, the world of payments has undergone a significant evolution, moving from the traditional paper cash and coins to digital transactions. As a result, the financial industry has had to keep up with the pace of change to meet the needs of its customers. However, despite the emergence of digital and mobile wallets,

In the recent years, digital transformation, cloud migration, IT-OT convergence and distributed had become the essential needs in every organisation. While these transformation ensure resiliency, it brings about challenges in data management as it causes rapid increase in the number of data being generated. Significantly, in order to deal with this increasing amount of data,

When enterprises enable IT-OT convergence, they embarked into data-rich sectors, making them to become critically in need of having the most effective technology to utilise and transform the data into useful insights. For a certain simple data analysing process, hiring data scientists and even machine learning engineer is unfortunately a cost consuming action. No-code AI

Today, online transaction had become a normalisation in our daily life. From buying the littlest product to even the most expensive one, everything can be done through our smartphone, all for the existence of online transaction. Significantly, all we need to do is to download the related apps. Unfortunately, as we becoming accustomed to online

Phishing attacks target the financial industry again, the case is in an accelerated rise, as more mobile banking applications are developed. More and more banking customers report banking accounts being losing money and malicious banking transfers that have no sms or one time password (OTP) for authentication and verification, either via the malicious app or

Qualys Compliance Product Overview by E-SPIN

Transition to the new PCI DSS v4.0 is in everyone’s mind right now. The PCI Security Standards Council (PCI SSC) issued version 4.0 of the PCI Data Security Standard (PCI DSS) on March 31, 2022. The PCI DSS is a global standard that establishes a baseline of technical and operational standards for protecting account data.

If you have read the news, you notice a few major forces and the theme is starting to attract more attraction. From the Russia-Ukraine conflict, global food and energy inflation, and some countries running into bad debt, even the US is now under testing for the second quarter for GDP negative flow, and most likely

Future of banks may be different than what you thought. Since its invention and centuries of development, it has become one of the major sectors and industries of the world economy.  From 1995 onward the world entered the digital economy and from the recent entire transit toward the fourth industrial revolution (4IR) industry 4.0. Beside

Quantum computing threat to encryption and blockchain, or cryptocurrencies. As everyone knows, we are transitioning from industrial revolution 3.0 to industry 4.0 or fourth industrial revolution (4IR). Just like all the past revolutions, seeing big things in the next wave in the current eye and paradigm is very dangerous. Just imagine, how can you expect

Big data analytic can improve insurance claims processing

Background Information The Client is wholly-owned by The Client’s banking and financial group under a conglomerate.  The company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development. The group’s shares are listed on stock exchanges of Malaysia, Singapore, Hong Kong, Manila and Europe. It has a business in General

Red Hat Enterprise Linux Product Overview by E-SPIN, What is File Integrity Monitoring

Background Information The Client is an established bank in Asia Pacific providing banking, finance and insurance solutions. The Client has business with an external vendor to provide client’s customer information for co-marketing purposes on the ongoing basis. To protect against data theft and customer data leakage, The Client required data encryption for email and removable

Background Information The Client is a multinational banking and financial services corporation headquartered in Europe. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks

We saw a lot of change from the past 2 years since COVID-19 pandemic began, and how the world is coping from COVID-19 incident, and moving toward recovery and aiming for a reset for the coming of the next normal. We saw a lot of the mega trends happening, and most of it existing banking

Since we entered the digital economy, more and more digitalization of the product is being replaced by physical products as the preferred choice or completely phasing out the physical product, or shrinking the demand for physical product. For instance, CD, DVD, Blue-Ray disk, printed book, newspaper, magazines, travel guide and encyclopedia. Phones have become smartphones,

While COVID-19 is reaching the end, bank and financial sector expect massive credit risk after next normal began. While most of the countries will be forcing banking and finance sector players to provide more credit and loan to accelerate the economy recovery. But the 2 years long COVID-19, whether you like it or not, it

Non-banks dominate digital banking from traditional bankers, it phenomena we can observe from all kinds of new innovation e-banking, mobile wallet payment to fintech, you name it. Most of it is not really initiated by the traditional bankers, either due to they are still very comfortable to be in the banking business or due to

While everyone is making use of smartphones, not everyone knows how to make it work for your business. Let’s talk based on the banking sector and industry. Upon business idea execution, we can see the difference, some use it to provide passive banking needs replacement, whether for use for authorized banking transactions by authenticating the transaction.

The world is moving toward a digital economy for decades now, a lot of change is underway. Whether as existing banking sector players or new entrants unlocked by the digital economy to offer digital bank solutions, we can see for what is going right now. From the case for stopping the Jack Ma Ant’s mega

From those who had watch Apple’s Worldwide Developers Conference (WWDC) 2019 event, will note that one of the service Apple will launch is the Apple Card. No sure how other is watch for along the transition from Apple from hardware, software and service digital transformation (DT). But for this Apple Card, it go beyond Apple

Why banks must reinvent themselves or extinction from digital transformation (DT). Regardless of where we live and whatever countries we mention, world is become digital economy and the more extensive digital infrastructure and online being used, the more efficiency it will be. From mobile banking application to online banking self service, it empower traditional bank

In the era of rightsizing everywhere

We are in the in era for digital transformation (DT), lot of existing business model ceased to be working anymore like in the past. For those who proactive and adapting to the change (and let go the past), the are undertaking massive digital transformation an embarking in the digitlization journey to hope so continue to

How Big Banks are Innovating With Fintech

Like it or not,  emerging of blockchain and machine learning (ML) to big data and artificial intelligence (AI), making each players in the industry for adapting fintech innovation is a must or you are require to get ready to outperform by your competitor, in the global scales basis. For those who are able and those

How to Prevent, Detect and Recover Cryptojacking Cybercrime

This cyber crime will affect and give damages to mobile phone, machine and computer devices. Furthermore, it will give a bad experience to group or company because it will cause loss a lot of money to fix and replace the new machine. This article will help to explain on how to prevent, detect and recover

Impact of Cryptocurrency to Financial Industry

INTRODUCTION A cryptocurrency is a digital or virtual currency that is made by Bitcoin’s foundation and secured by advanced encryption method, cryptography and it related to blockchain technology. Cryptography also function as to  control the creation of new coins. Due to its strong and advanced security, it is impossible that this currency may be faked

Accelerate government transformations success rate

Is big really beautiful? Under Digital Transformation Era! Many giant size multi national corporation and public sector government agencies thinking about merging their disparate systems, fuel with the possibility and promise by the digital transformation technology and infrastructure. From as big as national scale project to specific corporation or government agency level, digital transformation is

Depend on which part of the world and how advance the economy in specific, the extent for the e retailing is eating away majority of physical retail space, across range of category of product. For instance, giant size mega book store that offering any category of book occupied multiple retail floor space is out of

High frequency trading Out of the many hundreds of algorithms that exist, there are a few that are specifically and maybe even exclusively relevant for the financial services sector, since they address operations related to core business processes of financial institutions. Some algorithms are able to solve large systems of coupled linear equations much faster

Types of Online Banking or E-Banking

Online Banking Problem Which The Bankers Face

Online Banking offers a higher level of convenience for managing one’s finances even from one’s bedroom. However, it continues to present challenges to the financial security and personal privacy. Many people have had their account details compromised, as a result of results of online banking. Thus, if one is going to use it for financial
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AI take over IT job

AI take over IT job

AI take over massive of IT job that in the past manual and brain work intensive work such as data entry, manipulate data, compile report and reactive, passive job that waiting for service request and then react, and off course majority of repeated work. From the news headline this year along, we saw Microsoft, Oracle,
Mobile application replacing bank branches

Mobile application replacing bank branches

Mobile application replacing bank branches and young generation prefer apps The need for more bank branches and cash to serve more bank customer generation is gone. As young generation prefer mobile application and internet for digital and ebanking. Mobile banking app globally rise as banker recognised the mega trend and young generation bank customer prefer