The Ultimate Guide to Financial Systems
A curated Asian edition of TechDay news, analysis, interviews, reviews, job moves, and related resources for Financial Systems.
What to know about Financial Systems
Financial systems form the backbone of modern business operations, encompassing the technologies, processes, and frameworks that manage financial transactions, reporting, compliance, and risk. They play a pivotal role in ensuring accuracy, efficiency, and security in handling monetary activities across organizations of all sizes.
In today’s rapidly evolving landscape, financial systems are being transformed by advances in automation, artificial intelligence, and cloud computing. Innovations such as AI-driven automation are reshaping financial services, improving software testing, streamlining financial reporting, and enhancing compliance. The integration of cloud-based platforms enables greater agility and scalability, helping businesses navigate economic uncertainty and complex regulations.
Exploring stories tagged under 'Financial Systems' offers insights into emerging trends like fintech growth, cybersecurity challenges, and digital transformation in finance departments. Readers can learn about practical strategies to modernize financial processes, adopt automation tools, and leverage AI to optimize cash flow management and financial close operations. These narratives provide valuable perspectives for finance professionals, business leaders, and technology adopters aiming to keep pace with the dynamic financial ecosystem.
Asian Financial Systems News
Regional stories with direct local relevance
Lucanet expands into Japan as ARR tops EUR €200 million
The Berlin-headquartered group is targeting Japan's large mid-market as annual recurring revenue climbs past EUR €200 million.
Garuda Indonesia modernises core systems with RISE with SAP
The move is designed to cut costs and improve transparency as the carrier links finance, procurement and maintenance systems on SAP Cloud ERP Private.
AspireOS launches to help banks modernise SME business banking
Aspire launches AspireOS, a modular AI-powered platform helping banks modernise SME business banking without replacing core systems.
Revolut launches Flexible Cash Funds for Singapore businesses
Revolut Business launches Flexible Cash Funds in Singapore, offering firms up to 4.48% APY on USD balances with daily returns and easy access.
Finance leaders urged to prepare early for Malaysia e-invoicing
Malaysian finance leaders are urged to prepare early for phased e-invoicing mandates to ensure compliance and avoid fines up to MYR RM20,000 per violation.
Osome & Aspire expand partnership to streamline SME finances
Osome and Aspire have expanded their partnership to automate SME finance tasks in Singapore and Hong Kong, cutting weekly admin time by up to six hours.
Analyst Insights
Research and market analysis connected to Financial Systems
Basware named Gartner Leader in accounts payable apps
Basware named Forrester AP invoice automation leader
Sage adds AI automation to Intacct finance workflows
Rockwell's Plex named major player in six IDC reports
Tanium appoints Carol MacKinlay as Chief People Officer
Featured News
Dext: Transformative AI made easy for accountants and bookkeepers
Accountants could cut errors and save time as Dext AI Assist brings prompt-based automation to bookkeeping workflows.
Sage Intacct builds explainable AI into accounting
Accountants facing staff shortages may gain faster workflows, as Sage Intacct’s new agent exposes its calculations, sources and audit trail.
Sage branding itself on trust in AI world of 'big voices'
Trust is emerging as a selling point for finance software as Sage warns that opaque AI can leave CFOs answerable for costly errors.
Expert Columns
Interviews
Interviews and video coverage from the network
Recent Financial Systems News
Malaysian SMEs risk RM 20,000 fines as e-invoicing nears
Malaysian SMEs risk fines up to RM 20,000 as mandatory e-invoicing nears, with many unprepared due to accounting errors and outdated practices.
Lazarus Group targets South Korean supply chains via software flaws
Kaspersky reveals Lazarus Group's 'Operation SyncHole,' targeting South Korean supply chains via software vulnerabilities and watering hole attacks.
HarborLab unveils AI tool to manage port expenses better
HarborLab has launched HL AI, an innovative tool to improve maritime port expense management, promising enhanced efficiency for ship operators.
Salesforce reveals five AI personas in Singapore's workforce
A new Salesforce study reveals five AI personas in Singapore's workforce, highlighting how employees engage with artificial intelligence in their roles.
Deepfake fraud rises: 56% of Singapore firms affected
A Regula survey reveals that over half of Singaporean companies face deepfake fraud, with 56% experiencing audio scams, sparking global concerns.
Singapore survey shows growing demand for mobile app security
A survey by Appdome and OWASP shows 80.7% of Singaporeans expect proactive anti-fraud measures in mobile apps, highlighting rising security demands.
Xero report reveals Singapore's shift to digital payments
Xero's I Want To Pay That Way report reveals a digital payment surge among young Singaporeans, urging small businesses to modernise payment options.
Xero introduces AI tool JAX to boost accounting accuracy
Xero has unveiled JAX, a new AI-powered smart business companion, at Xerocon London, promising enhanced accuracy in accounting tasks for small businesses.
FICO survey reveals identity theft & fraud fears among Indonesians
FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.
New study highlights financial literacy gap in Southeast Asia
A recent study indicates concerning financial habits among Southeast Asians, underscoring the urgency to enhance financial literacy and implement comprehensive planning initiatives in the region.
HubSpot reveals the future of CX is connected experiences
HubSpot has released the findings of a survey conducted by YouGov on Singaporean consumers and business leaders regarding brand expectations and experience.
2023 will see increase in cloud investment in Asia: Alibaba
As security, local support and pricing continue to drive public cloud adoption, four in five businesses in Asia are planning a complete cloud migration by 2024.
LIAPP extends into SEA, responds to demand for mobile security
LIAPP, the mobile app cybersecurity service by Lockin Company, plans to expand in Southeast Asia to enhance financial inclusion and combat cyber threats.
Hugosave granted Major Payment Institution license
Hugosave has been granted a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).
Singapore's DBS Bank complements data centers with AWS Cloud
Singapore's DBS Bank will be leveraging Amazon Web Services (AWS) to power its cloud technology, alongside its traditional use of data centers.
Xero launches Microsoft 365 integration for finance
It could cut time spent switching between apps by letting small businesses pull live accounts data into Excel, Word, PowerPoint and Copilot Chat.
Lucanet launches AI agents for finance & tax teams
Finance teams face a new push to automate reporting and close processes, as Lucanet adds AI tools while keeping calculations rule-based for auditors.
Xero adds industry benchmarks for small firms in Analytics
Small firms can now gauge whether weak margins, slow payments or rising costs are sector-wide or company-specific using Xero's new peer data tool.
Wasabi launches Impact Circle to track cloud emissions
Partners can now measure and offset storage-related emissions as cloud providers face mounting scrutiny over AI-driven infrastructure use.
Airwallex raises USD $320 million at USD $11 billion
Fresh capital will fund Airwallex's expansion and AI product push after the payments firm's valuation jumped to USD $11 billion.