11/22/2018
Singapore Sees First Bitcoin Trial: Were Bitcoin Trades Reversed?
Two cryptocurrency firms - B2C2 and Quione - battle it out over 3,000 bitcoins.
FinTech
11/22/2018
Cloudera partners with Bank Rakyat Indonesia on Data-Driven Journey
One of Indonesia's largest state-owned banks increases its customer base and revenue while strengthening its fraud detection capability through machine learning and advanced analytics with Cloudera
11/22/2018
Naver’s Line prepping to start internet-only bank in Taiwan
Taipei Fubon Bank is the second-biggest shareholder with a 25.1 percent stake, while CTBC Bank, Standard Chartered Bank Taiwan and Union Bank of Taiwan each hold 5 percent, Line Financial said on Wednesday.
11/22/2018
Tech edge, expertise and eco-approach forge Cathay United Bank’s leadership in Asia
Cathay United Bank aims to create a comprehensive banking platform across Asia by investing in digital technology to capitalise on the fintech revolution
11/22/2018
The future of virtual banking in Hong Kong
I believe the HKMA is rejecting those who fail to offer a clear picture of their business plan or had no solid financial status.
11/21/2018
Indonesia to develop Shariah-compliant blockchain gold exchange
Blockchain regulation in Indonesia is an ongoing process at the moment, something Lumintang describes as challenging but crucial.
11/21/2018
Making private bankers more productive
Rapid regulatory developments correlating to costs continues to be one of the biggest challenges for private banks operating in the region.
11/20/2018
RBC sells distribution platform
The closure of the transaction is subject to approval by local authorities.
11/20/2018
India fintech firm eyes Mideast expansion with office in QFC
Confirming the talks with leading banks in the country, Raghu Mohapatra, group chief operating officer, said, “We will soon be announcing the implementation of our solutions in leading Qatari banks which will help them lead the way with personalised
11/19/2018
MoneySense launches new initiatives to improve Singaporeans' financial health
An online Financial Health Check tool on a refreshed MoneySense website to help Singaporeans assess their financial health, identify gaps, and take steps to plug these gaps
11/19/2018
Banks Need Hi-Tech Software to Mitigate Explosion in Fraud
This summer, for example, the UN estimated that cyber-crime was costing the ten countries in the Association of Southeast Asian Nations (ASEAN) alone between $120 million and $200 million a year – a sum that is taking its toll not just on the bottom
11/19/2018
Temenos: How AI is Creating a Personalized Investing Experience
The clear message from the study shows that with the growing deployment of AI solutions for wealthy clients a new type of wealth manager is emerging, with APAC leading the way.
11/19/2018
Thailand Accelerates Blockchain Adoption
In June, the government legalized seven cryptocurrencies: Bitcoin, Ethereum, Bitcoin cash, Ethereum classic, Litecoin, Ripple and Stellar, and also permitted a limited number of cryptocurrency exchanges and broker-dealers to apply for operating licenses.
11/19/2018
Wealth management startup CashRich raises $1M from UK-based angels
Launched in mid-2017, CashRich helps users to manage money growth more confidently.
11/18/2018
Should traditional banks lose sleep over the fintech revolution?
Internet finance has put on an impressive feast globally, with China blazing a trail
11/18/2018
Hong Kong fund First Eastern to triple fintech investments
CEO Victor Chu wants to help Chinese banking app Bicai expand in Asia
11/16/2018
Philippine Lender’s Blockchain Initiative Empowers Rural Banks
Philippine lender UnionBank of the Philippines said its blockchain initiative project i2i (island-to-island) would enable rural banks to provide services that were once only offered by universal banks.
11/15/2018
Bank of East Asia sees fintech as way forward in next 100 years
The bank had approached several local family-run banks, but they were reluctant to sell to a local peer as they didn’t want to leave a negative impression on the public.
11/15/2018
IMF chief pushes for central banks to issue digital currency
That would mean better security and consumer protection, she says
11/15/2018
Gibraltar Stock Exchange announces fintech joint venture
The Hashstacs Inc. collaboration will work to develop the STACS Protocol