Managers of Wealth Asia Pacific

Macau watchdogs will double down on digital yuan

Migrating the gaming hub to digital payments would complement Beijing’s desire for greater oversight of cash flows and customers

Tech firms’ rush into finance puts pressure on banks, regulators

Meritz Fire & Marine Insurance is working with Kakao Pay to develop financial products for people between 30 and 50, with officials at the insurance firm saying the services will kick off as early as this month.

BNP Paribas Asset Management Reveals How Digital Commerce Is Evolving as Big Players Emerge Outside China

He adds that the recovery in many Asian economies was “hindered by the resurgence of the Delta variant over the summer, resulting in more sustained lockdowns and travel restrictions.”

China's tech moguls see $80 bn in combined net worth evaporate in 2021

The drop represents almost a quarter of their total wealth and is the largest one-year decline since 2012, when the Bloomberg index started tracking the world's richest people

Vietnam to issue 5G licenses in 2022 after pandemic delays

Coverage to start in major cities and industrial zones

S Korea Now Has 24 Licenced Crypto Exchanges

These 20 exchanges are now stuck in a vanishingly small crypto-to-crypto-only market, frozen out of their once-lucrative KRW pairings – and are legally prohibited from offering fiat KRW markets.

Singapore’s UOB Asset Management, Singtel launch robo-advisory service

Dash users can invest from as low as S$1 (US$0.73) at annual advisory rates ranging from 0.6% to 0.8%.

Tencent to hand out $22 billion of JD.com shares as dividend

The special dividend would rank among the largest shareholder giveaways ever by a Chinese tech company, which have long relied on rapid growth and investment to satisfy investors.

Mizuho Bank invests in Vietnamese digital payment services company M-Service

MService is the leading digital payment company in the Socialist Republic of Vietnam, with a share of over 50% of Vietnam’s mobile payment market, and operates the MoMo brand.

Start-up investment platform nr2 raises new capital

The cross-border investment platform will use the funding to accelerate growth, expand its team of AI engineers and develop its AI-powered search engine.

FNZ completes the sale of GBST

This will provide FNZ with the opportunity to expand its product and service offering to both existing and future clients and accelerate the growth and reach of its global capabilities in listed securities trading and post-trade processing.

Singapore unveils robo-adviser on mobile wallet

The digital tool includes an ESG option created by UOB Asset Management.

Bank of Indonesia Debuts New Retail Payments System

Indonesia’s internet economy expected to be worth $146 billion by 2025

AQUMON Enters New Partnership with Venn by Two Sigma

Asia's leading digital wealth management firm enters into an agreement with Venn to fuel expansion plans

SBI Group launches crypto-asset fund for Japanese investors

The SBI crypto-asset fund consists of seven cryptocurrencies including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Chainlink and Polkadot, none exceeding more than 20% in ratio.

Fintech firm aims to bridge advice affordability gap

“We believe we can support SMSFs and deliver solutions to help them better manage their assets, but to also identify specific needs for their funds – both at the trustee and member level, by using our advice led technology.”

SimCorp and Colonial First State extend partnership

It comes as CFS upgrades its technology to better service its customers and advisers.

Myanmar shadow government declares stablecoin USDT an official currency

The NUG finance minister said using Tether would enhance trade speed and payment efficiency.

Zurich signs on to Iress’ industry-wide DDO solution

Zurich Life & Investments’ head of customer and digital, Jacqui Lennon, said: “Zurich is committed to standardising processes wherever possible."

DBS Digital Exchange Adds Payment Firm as Member

FOMO Pay was founded by ex-Visa executive Liu in 2015 to connect merchants to digital payment methods like e-wallets and credit cards.

FinTech