Managers of Wealth Asia Pacific

Customer experience a big challenge

A major challenge for digital banks to value-add has been the customer experience conundrum.

Wirecard collaborates with Mizuho for global expansion

The supplier states that the collaboration is expected to complement Mizuho’s service offering with the launch of a corporate payout solution.

A tiny Pacific island nation is about to issue its own cryptocurrency

Governments across the world are wrestling with whether they should issue sovereign currency in digital form.

Bangkok Tops Mastercard’s Global Destination Cities Index For The Fourth Consecutive Year

With a Decade of Destination Insights, Mastercard Shows the Dramatic Rise in International Travel—and the Particular Growth of the Asia-Pacific Region

Exiger Wins Central Banking Award for Best Anti-Money Laundering Technology Provider

Honored for Furthering Central Banking Mission and Combating Financial Crime

Korea Eases Fintech Investment Rules for Financial Firms

Financial firms will also not have to face inspections and penalties for failed investments in fintech, unless the losses arising from such failures are intentional or related to gross negligence.

Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate

Undeterred by regulatory uncertainty and an onerous banking ban, five crypto exchanges in India revealed their new projects last week.

Four Japanese Banks Invest in Ripple-powered SBI App

xCurrent can handle fiat and cryptocurrencies, including Ripple’s XRP cryptocurrency.

HSBC Completes First Blockchain Letter of Credit Transaction in Yuan

The blockchain platform ostensibly enabled the parties to exchange electronic documents in 24 hours instead of the regular five to 10 days required for traditional document exchanges.

B-North selects Mambu for core banking

This new platform will allow B-North to process loans at speed and deliver a highly efficient, “minimum hassle” service to its SME customers.

London-Based Open Banking Platform Raises US$ 10 Million, Expands to Singapore

Railsbank’s new office in Singapore will act as a gateway in Southeast Asia and beyond.

Maybank Kim Eng selects Iress

Iress, an ASX-listed, global provider of software to the financial services industry, has offices in Singapore and has been working with clients across Asia since 2010.

Paytm Money to invest INR 2.5 bn to expand its Wealth Management business.

The company has got required regulatory approvals for the same and has elevated its whole-time Director Pravin Jadhav to Managing Director and Chief Executive Officer.

DBS launches hybrid robo-advisor

The only bank in Singapore to provide an inhouse robo investment solution; also makes available a portfolio of SGX-listed ETFs to investors for the first time

South Korean banking giants form ‘Technology and Service Alliance’ with blockchain firms: Report

The project sees participation from 14 domestic banks including Shinhan, Woori, KB Kookmin Bank, and KEB Hana, among others.

Explainer: What’s the big deal about digital banks?

Digital full banks will be allowed to take deposits from retail customers, while digital wholesale banks will generally cater to small- and medium-sized enterprises and other non-retail segments.

MAS Invites Applications for New Digital Bank Licences

This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior Minister and Chairman of MAS

Singaporeans may show reluctance towards digital only banks

Most of the banks here [Singapore] are more traditional but they have a digital branch, they are not digital wholesale banks.

Standard Bank becomes first African bank to join the global blockchain-based Marco Polo Network

Standard Bank is constantly looking for ways to provide best-in-class trade finance products to our customers

Bank of China revamps lodgement process to boost broker access

“They consulted with us about which levers to pull to embrace the third-party market and provide efficient acquisition of home loans.”

FinTech