Managers of Wealth Asia Pacific

CBIRC Imposes Further Restrictions on Online Lending by Banks

The new rules require banks to jointly contribute funds to issue internet loans through an online lending platform

China imposes further caps on online lending amid clampdown

The move upended one of China’s biggest business success stories and was followed by crackdowns on technology juggernauts in everything from e-commerce to credit-scoring and payments.

PwC Hong Kong and HKBN Enterprise Solutions Join Forces to Help SMEs Combat Cyberattacks

Best-in-class services to prevent, detect and respond to cyberthreats in the New Normal

Kristal.AI Rolls Out Digital Family Office Services

We can provide investors with a more strategic and flexible way to manage their assets while connecting them to the greater regional market.

Deutsche Bank launches payments platform through 2C2P in Thailand

Through 2C2P’s platform, the bank’s corporate clients in Thailand will be able to maximise their business potential by collecting funds more efficiently and conveniently through an extensive range of online banking and non-banking channels

Bud and ANZ NZ sign AI deal to build a more transparent lending process

The new rules are expected to add significant manual overhead to lending decisions for a majority of the lenders.

Malaysia’s Kenanga Private Equity buys into local unit of Singapore’s Tokenize Xchange

Tokenize Malaysia Chief Executive Officer Hong Qi Yu adds that with Kenanga on board as a key investor, “the combined reach, expertise and resources is game-changing and will allow us to scale our presence in Malaysia”.

Netwealth cash margin could squeeze

With bank profits recently under pressure and limited competition for deposits, the risk of ANZ renegotiating the cash rate +95bps they paid NWL is rising.

Avaloq receives award for Best Integrated Front Office Solution at the Asian Private Banker Technology Awards

Avaloq, a global leader in digital banking solutions, core banking software and wealth management technology, has won the Best Integrated Front Office Solution award at today’s Asian Private Banker Technology Awards.

Princelings Targeted in Ant IPO Pullout

Ma’s ties with the younger Jiang date back to at least 2012 when the Harvard-educated princeling helped negotiate a deal to buy out half of Yahoo’s stake in Alibaba.

Bitcoin scales US$51,000 for the first time amid crypto fever

MicroStrategy said Tuesday it would sell US$600 million of convertible bonds and use the proceeds to buy more of the tokens.

Sygnum Secures Millions in Backing From Japan

The two firms began cooperating four months ago with plans for a fund identifying digital asset investments.

Payments Fintech Nears Swiss Regulatory Nod

The license would be the second granted after Yapeal, under a Swiss scheme to foster financial start-ups.

Singapore Fintech Partners MoneyGram

The startup raised $31.2 million in 2020, in a Series A funding round led by UOB Venture Management.

Asian authorities clamp down on digital lenders

Officials in credit-hungry economies have struggled to control the fast-growing sector

Are Australian businesses missing out on fintech benefits?

According to the survey, businesses across APAC cited high banking fees (48%), slow and manual service delivery (35%) and the inability to set up global bank accounts (29%) as the top pain points.

Aussie blockchain community calls for more government support around the nascent tech

Blockchain Australia CEO said there should be active consultation while representatives from RMIT said there's an opportunity for 'regulatory evolution' around blockchain and digital assets, such as cryptocurrency.

No upside in owning a neobank, ANZ Bank tech boss says

“It’s very difficult to just buy something and put it into an organisation and suddenly change.”

Growing cyber firm aims to safeguard banks and business

The company, which has customers worldwide, has also signed a new distribution agreement with IT Security Distribution Inc (ITDSI) in the Philippines to expand its local customer base.

Crypto Backers Warn Against Hong Kong Retail Ban

GDF also highlighted that any decision by Hong Kong to issue a retail ban on cryptocurrencies could affect the financial hub’s competitiveness.

FinTech