Digital Banking Stories

South Korea enters CBDC race, plans to launch pilot testing programme in 2021

The Bank of Korea (BoK) is reportedly close to announcing the pilot testing plans for its CBDC, the Digital Won. The bank...

China: Yushan Bank unveils new Machine Learning-based platform for businesses

China’s Yushan Bank recently launched its MLaaS (Machine Learning as a Service) platform, enabling its clients to use Machine Learning services through...

Filipino banking giant BDO loses access to online services on payday  

BDO Unibank Inc. lost access to its digital banking and payments services on September 30, a nationwide payday across the Philippines. The...

India: Reserve Bank issues advisory on the cybersecurity of Urban Co-op Banks

The Reserve Bank of India, the country's central bank, issued a directive to Urban Co-op Banks (UCBs), asking them to check, assess,...

Singapore: DBS opts for AI and Analytics to offer personalized banking to its customers  

Singapore’s banking behemoth DBS, formerly known as the Development Bank of Singapore, announced that it was looking forward to using AI and...

New Zealand Govt issues advisory warning over Emotet malware spread

The New Zealand Government’s Computer Emergency Response Team (CERT) issued a warning statement about Trojan malware spread, which targets banking systems -...

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