Managers of Wealth Asia Pacific

Korean Crypto Exchange ‘Prixbit’ Shuts Down Over Banking Woes

For other tokens still on deposit, the site encouraged the owners to register for a refund as soon as possible.

Crypto2Cash Eyes Asia Pacific for its Digital to Fiat Currencies Settlement Solutions

The first step for a client wanting to transact through Crypto2Cash is, of course, account creation, followed by verification of documents and then the depositing of the customer’s cryptos into a wallet the firm generates for each client.

Robo targets ‘emerging HNWIs’

The market segment is believed to be underserved by boutique wealth managers.

Bitcoin as protest: Hong Kong demonstrators withdraw their money from banking system

The demonstration, said organizers, is meant to protect people’s wealth from the possibility of devaluation following a mainland military crackdown while reasserting the freedom of Hong Kong’s independent financial regime.

Ping An Eyes Risk Tech Sharing as Virtual Banking Strategy

These virtual banks cannot have any physical branches and can only offer banking services through the internet, mobile phone, computers or ATMs.

Singapore's Fast-Growing Blockchain Industry

This is primarily fuelled by the support it has received by the government to adopt cutting-edge blockchain technologies, as well as continue research and development in the blockchain arena.

Why banking innovation can change the game for small businesses

Accounting digitalisation, direct e-payment access and cost savings by migrating to cloud can boost performance of SMEs

Ping An’s Hong Kong virtual bank to showcase tech prowess as it harbours ambition to go global

Ping An OneConnect Bank is set for soft launch by the year-end

China’s New Model of Blockchain-Driven Philanthropy

Blockchain has done more than simply enable Chinese social entrepreneurs to improve the transparency, trustworthiness, and fundraising of the country’s charitable causes. It has helped launch a more decentralized and autonomous philanthropic sector.

Virtual banks on the rise

As digital banks start operating in Asian markets like South Korea and Hong Kong, there is a lot of promise as well as challenges arising from this new type of financial firm

Aussie robo eyes Thai market

Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets.

STAR Market tech board offers hope to Chinese venture capitalists

Listing closer to the investor base is also easier “because there’s no language barrier or time differences,” Shen added.

RCBC leads the way to open banking in the country

To get all these and other “perks”, most financial institutions would require one to become their preferred client.

Accenture to Acquire Analytics8

Acquisition will strengthen Accenture’s capabilities to deliver AI-powered data and advanced analytics services to clients

Q2 2019 Cryptocurrency Anti-Money Laundering Report

Rivalling robberies in the first quarter, hackers stole more than $124 million from exchanges and infrastructure in Q2, making a total of $227 million stolen from exchanges so far this year.

Overseas Filipino Bank to become first digital lender in PH by 2020

The digital OF Bank will also provide a platform for bills payment, Borromeo said.

Hong Kong’s financial technology is getting traction

The HKMA has also opened an application programming interface to enable startups to develop their own applications (apps).

Zheshang Fund Aims to Launch China’s First AI-Managed Mutual Fund

China’s unique social and political risks also lend themselves better to human analysis under certain circumstances, industry insiders say.

China Cybersecurity and Data Protection: a major overhaul of the proposed data localisation regime

If enacted, the 2019 Draft Measures will have a significant impact on the way that personal information export is regulated and will increase the compliance burden for both domestic and overseas companies that collect personal information from China.

China’s central bank digital currency is “ready” after 5 years of development

According to Changchun, the currency has been in the research and development phase since 2014.

FinTech