Managers of Wealth Asia Pacific

China’s CITIC Capital backs $33.8m funding in Japanese e-commerce firm Reclo

Reclo allows owners of luxury brands to resell the items online via its platform.

Switzerland Approves Crypto Banks Sygnum and Seba Crypo

The move represents the burgeoning blockchain industry crashing into the traditional banking industry.

Labuan FSA Grants the First Digital Bank Approval

This will not only drive FinTech and innovations but also bring about new customer experiences and enhanced convenience through faster and more personalised services offered by the bank.

Alibaba-backed Chinese A.I. firm Megvii files for Hong Kong IPO

Facial recognition is a key part of China’s drive to become a world leader in AI technology by 2030,

Trends: Digital-only banks expected to gain traction in Asia-Pacific

Regulators in Hong Kong, Singapore and, more recently, Malaysia are at various stages of drafting relevant regulations and approval processes.

Will Blockchain kill banking as we know it?

This includes the drastic measures of negative interest rates, a move that aims to force individuals to spend more and banks to lend more.

Bravura Wealth Management revenue up 14pc

Wealth Management FY19 EBITDA increased 17% to A$53.9m (A$46.2m in FY18).

For traditional banks, fintech newcomers offer opportunities, not threats

Far from cannibalising traditional banks, the fintech boom has brought to the industry innovative ideas and technology.

S. Korea Slow in Making Institutional Arrangements for Blockchain Technology

China is also reviewing the issuance of its own digital currency and Singapore has come up with regulations on cryptocurrency exchanges.

NTU Singapore to develop AI-based wealth management AML capabilities

An expert panel comprising executives from UBS, DBS Bank, OCBC Bank, UOB, Commercial Affairs Department, and MAS will offer guidance for the project.

FinTech Abu Dhabi’s search for global fintech talent?

Startups who attend FinTech Abu Dhabi can apply to become part of the FinTech 50

Results: Iress delivers stable half-year performance

Iress also reported that the company expects FY19 guidance to remain unchanged and in line with guidance.

Robo-adviser targets ‘emerging’ wealthy individuals in Asia

The new private wealth account also has a funds platform allowing investors to purchase products only available to professional investors.

SS&C Eze partners with Tokyo Metropolitan Government in Japan’s resurgent hedge fund market

An exciting future lies ahead of Japan with the country’s new hedge fund industry, and we are thrilled to be part of this journey.

OCBC in talks with Singtel about virtual bank licence, say sources

Banks worldwide face increasing competition from telcos and technology firms that are getting into financial services including payments and lending.

East Ventures Closes Oversubscribed Sixth Fund At US$75Mil

Will provide Seed to Series A funding to startups from all sectors and industries

South Korean blockchain startups moving to overseas exchanges

Two such companies, Medibloc, and Temco, who already listed their projects on the major exchanges in South Korea, have now been looking to list them on overseas exchanges as well.

Singapore lets firms apply for trademarks via mobile app

Businesses can file for trademark protection with the Intellectual Property Office of Singapore via a new mobile app, which aims to speed up the application process to 10 minutes from the current 60 minutes.

Tiger Global invests $15mn in wealth management startup INDwealth

INDwealth plans to utilise the capital to build its technology, artificial intelligence and advisory team.

HK signs agreement to develop RegTech network

HK, Singapore and Japan jointly launched the APAC RegTech Network to enhance cross-border collaboration on regtech education.