Managers of Wealth Asia Pacific

Banks must have high levels of IT security, says MAS

The regulator added: "This includes maintaining a high level of security for their critical IT systems, such as Swift."

Singapore banking hack attacks reveal need for secure IT

The Vietnamese central bank prevented a cyber-heist on Vietnam’s Tien Phong Bank late last year through Swift

Misys scoops double award win with Bank of Beijing and Techcombank

The project saw the bank transform its front-to-back treasury technology with Misys FusionCaptial.

OCBC is first bank in Singapore to offer banking data in open format to spur app development

He added the bank hopes to spur innovation that would ultimately benefit consumers.

Rubik to partner with MyState on digital banking transformation

Melos Sulicich, Managing Director & Chief Executive Officer of MyState Limited, commented, “Ensuring MyState continues to give our customers the best possible customer experience is at the heart of our principles.

IFC and ADM Capital Launch New Platform to Advance Asian Emerging Markets, Turnaround SMEs and Save Jobs

The platform will act as a safety net allowing small and medium enterprises to grow in the absence of bank financing, subsequently saving jobs and securing livelihoods.

Calastone expands to New Zealand

Calastone managing director Australia, Sarah Hayward, said the firm's extended cross border coverage enables transactions between Australian and New Zealand platforms, fund managers and respective counterparts.

Vietnam Bank Says Interrupted Cyber Heist Using SWIFT Messaging

Vietnam's Tien Phong Bank said that it interrupted an attempted cyber heist that involved the use of fraudulent SWIFT messages, the same technique at the heart of February's massive theft from the Bangladesh central bank.

Six More Banks Supposedly Hacked by Turkish Hackers

While the Qatar National Bank admitted of a data breach incident, InvestBank said its data was recycled from a breach from last year.

Linedata goes after Chinese hedge funds

The partnership will provide Sycamore’s middle office outsourcing services alongside Linedata’s flagship hedge fund management offering, Linedata Global Hedge.

Singapore and Britain agree to help their financial technology firms

British fintech generated 6.6 billion pounds of revenue in 2015 and has a workforce of over 60,000 employees, according to the statement.

BNM Actively Engaging With Fintech Firms, Says Governor

In the Islamic finance industry, Muhammad said, the Investment Account Platform that was launched in February is an important example of a collaborative strategy by the industry to bring game-changing innovations to the market.

Money-changing app, Curren$eek, wins the Asean Fintech Challenge

Curren$eek’s Hakim Karim, in his five-minute pitch, said while trillions of dollars are exchanged into different currencies every year, not everyone knew where to get the best rates.

How Small Banks Can Partner with Fintech Firms

Digital technology changes the way consumers interact with their bank and finances. How are smaller banks expected to compete with the new market entrants and larger banks that have developed innovation labs and are investing directly in fintechs?

For tech companies looking to IPO, SGX’s Catalist may present a golden opportunity

While SGX may not seen as a tech exchange, the strengths of its Catalist might change that perception

Ant Financial valuation a sign of things for come for China’s fintech sector

The US$4.5 billion it raised last month was the world’s largest single private placement by an internet company

Are we ready for the National e-Payment Master Plan?

The master plan comprises five projects: an AnyID payment system; expansion of the use of electronic cards; an e-tax system and e-transaction documents; e-payment of government entities; and building awareness.

Singapore banks become a hotbed for ‘fintech’

Government support and financial experience make city-state fertile ground

Advisers concerned about the advice robos provide: CFA Institute

Despite these concerns, respondents said they thought robos would have the greatest impact on the financial services industry over both a one-year and a five-year time horizon

In China, Traditional Banks Fight Challenge From Internet Firms

Internet companies lent more than $150 billion to customers in 2015, which is an extremely small amount compared to the much larger lending by commercial

FinTech