Managers of Wealth Asia Pacific

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.

Hong Kong offers fertile ground for robo-advisory firms to grow and tap wealth management market in mainland China, Aqumon says

Robo-advisory platform users are forecast to grow 28 per cent in 2021

BoI tackles BCG economy technology

Ms Duangjai said the first meeting of a management committee to drive the BCG economy, chaired by the prime minister in January, approved a five-year strategic plan to promote the BCG economy from 2021-26.

Bank of Korea: Treat CBDCs as fiat, not virtual assets

The report noted that adopting digital currency could come with a significant GDP boost, as well as making the monetary system in Korea more efficient.

Thailand’s Siam Commercial Bank’s SCB 10X Unit Launches $50M VC Fund for DeFi, Blockchain, Digital Assets Startups

As reported in December 2020, Siam Commercial Bank had partnered with Lightnet to provide cross-border fund transfer services from South Korea to Thailand.

Singapore Announces Strategy for E-commerce Industry: Potential for Global and Regional Hub

Singapore has long been a preeminent destination for establishing regional headquarters for many international firms.

Hong Kong robo becomes stock-picking manager

Aqumon has made use of its AI technology to construct thematic strategies.

Has the pandemic accelerated digital transformation?

A more conversational approach to even simple automated tasks can put the human touch – and a premium service level – at the heart of the next generation of digital wealth tools.

Ex-Macquarie brothers raise $25m for green bitcoin miner

Bitcoin reached record highs this week after Tesla invested $US1.5 billion ($1.9 billion). Iris Energy is an infrastructure play: it can continue to make revenue mining bitcoin when its price falls, given its low-cost structure.

Leading Malaysian Bank Goes Bitcoin, Snaps up 19% Stake in Crypto Exchange

The deal was carried out by the bank’s private equity arm Kenanga Private Equity, which entered into a conditional agreement to buy a stake in Tokenize Malaysia, the exchange’s operator.

BlackRock’s new Asia-Pacific chief sees Hong Kong retaining power

Rising star Rachel Lord appointed to steer asset manager’s expansion in China

Baozun Strengthens Luxury E-commerce Leadership

Strategic acquisition will help premium brands across Singapore and the rest of the world better penetrate China's flourishing e-commerce sector

RBNZ governor blames data hack on Accellion

Orr says a forensic and criminal investigations into the breach is ongoing, as well as an independent KPMG review of the Bank’s systems and processes.

Westpac clamps down on abusive messages sent via payment transactions

Customers will be notified if their outgoing transaction contains inappropriate language from a set list of terms and have their payment stopped.

Standard Chartered taps Gloat to create virtual internal marketplace for workforce

As the Bank anticipates future ways of working

FinTech