Regtech

Billions Lost to Fraud Despite Efforts, APAC Fintechs Grapple with Rising Threats

Despite tireless efforts from businesses and tech providers, fraudsters persist in siphoning off billions annually. According to the “2024 State of Fraud” whitepaper by Telesign, a customer identity and engagement solutions provider, U.S. fraud victims suffered nearly US$8.8 billion in

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Skyro Taps ADVANCE.AI for Secure and Streamlined Customer Onboarding

Skyro, a fintech company licensed and supervised by the Philippines’ Securities Exchange Commission (SEC), has announced a partnership with ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia. Skyro, which launched in August 2022, offers

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Beyond Onboarding: Maximising Customer Value through Risk Decisioning in APAC

Discussions about risk decisioning platforms often center around onboarding and loan origination. However, investing at the start of the journey is just one aspect of the puzzle. Growth relies not only on attracting new customers but also on maximising the

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Dynamic Data Streamlines Customer Experience, Fights Fraud in Digital Banking

As the digital economy continues to surge and expand, consumer expectations for fast, secure access to products and services seem never-ending. Furthermore, when it comes to financial services, there is an entire generation of consumers cropping up who have barely

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BSP Gives Nod for New Rules on e-KYC Using Digital IDs

The Bangko Sentral ng Pilipinas (BSP) has approved amendments to its due diligence regulations to include electronic Know-Your-Customer (e-KYC) using digital identity. The new rules set out the requirements for the use of digital identification and verification as part of

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Singaporean Regtech Tookitaki Makes Its Debut in the Philippines

Southeast Asian regtech firm Tookitaki announced its launch in the Philippines through a partnership with local payment gateway company Paymongo. Tookitaki is headquartered in Singapore and provides end-to-end financial crime solutions to several leading financial institutions. Ahead of its local

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BSP Supports Duterte’s Executive Order to Accept National ID for All Transactions

The Bangko Sentral ng Pilipinas (BSP) supports President Rodrigo Duterte’s executive order to institutionalise the acceptance of the Philippine Identification (PhilID) or Philippine Identification System (PhilSys). This will enable the use of PhilID and PhilSys as sufficient proof of identity

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CIMB Philippines Selects Zoloz’s eKYC Solution for Frictionless Onboarding

CIMB Philippines announced that it has collaborated with Zoloz, an eKYC technology provider, to further strengthen its digital banking services. The bank will leverage Zoloz’s eKYC solution for frictionless user onboarding and enhanced payment experience, making financial services more accessible

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Here Are the Key Findings From OneSpan’s Global Financial Regulations Report

OneSpan recently released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. In conjunction with comprehensive research into how the changing regulatory landscape is impacting the banking community, this year’s report also reveals how

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