Managers of Wealth Asia Pacific

Chinese VC Investments Tops US for First Time

‘Red unicorns’ take in $56 billion in first half of 2018.

Technology push could open Hong Kong banks to more cyberattacks in 2019, KPMG says

New report comes days after HSBC was forced to increase security on its PayMe e-wallet app

Faster payments to be upgraded

The public may contact their banks or stored value facility operators for more details regarding the availability of the related services that may be affected by the system maintenance.

Chinese Firm Launches Digital Asset Platform in Singapore

Onchain is a blockchain technology company in China.

South Korea’s First Blockchain-Powered Remittance Service to Thailand and Philippines

Coinone Transfer’s partnership with SCB also will soon offer Cross customers a direct link to PromptPay, which enables any recipient with a bank account in Thailand to receive a payment directly and instantly.

Ripple powers Coinone’s remittance app in South Korea

Coinone Transfer has unleashed South Korea’s “first” blockchain-powered remittance mobile app and web service called Cross.

PayPal gives a Toss about Viva Republica’s $80m funding

Toss, which started as a peer-to-peer (P2P) money transfer service in 2015, has become a platform providing financial services, with more than ten million users.

Singapore lauded for financial sector cyber security guidelines

Guidelines developed by the Association of Banks in Singapore

StanChart first in Hong Kong for digital savings account on-boarding

Through the blockchain proof of concept, the participants were able to monitor loan agreement revisions, comments and the sequence of approvals, as well as tack an audit every change before the deal was closed.

Australian banks preparing for major ATM fleet cull

Regulator green lights national consolidation.

Government Blocks Illegal FinTech Websites & Apps in Indonesia

Go-Pay and OVO are two examples of very successful online payments platforms in Indonesia.

Japan’s Retail, Banking Sectors Reacting to Disruptive Technologies

Though Yamada joked that the United States had pioneered online banking as a reaction to poor service in its banks, he admitted that changing banking habits are a headache for companies such as Mizuho, leaving them with underutilized real estate.

This Banking Giant Begins to Commercialize Blockchain-powered Services

Shinhan is thought to be keen on exploring the potential uses of both blockchain technology and cryptocurrencies.

Huobi branches out; sets up Russia office with state-owned bank

Despite the current bear market, crypto-trading in Russia is certainly picking-up-pace

Banks embark on hiring spree in fight against dirty money

The Singapore Police Force (SPF) has warned the public about phishing schemes that pretended to be banks through disguising websites or scams made through text messages that were purportedly from DBS or OCBC.

Some banks love fintech, some may hate it

Even the most recent global financial crisis that stemmed from the subprime mortgage problems in the United States has still left some marks on the world economy after 10 years.

Sansan raises Series E in expansion to Southeast Asia market

The company has a business card-based contact management solution for companies.

SWIFT Is Trialing a New Payment System to Take on Fintechs and Blockchain Tech

A recent GPI test, was successfully conducted in October, carrying out instant cross-border payments with banks in China, Singapore, Thailand and Australia.

IPOS grants first FinTech patent under expedited scheme

The patent was granted to Philippines-based tech company Voyager Innovations for an invention which “allows audiences at an onsite or offsite live event to participate in real-time activities such as surveys or prize draws through an app.”

ICICI Bank launches Robo Advisory App for Mutual Fund Investment

It will facilitate a paperless KYC and online registration process for mutual funds in a single click, which is a first among banks.