Managers of Wealth Asia Pacific

Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards

Tech Giants Target Indonesia’s 83 Million Who Lack Bank Access

For Indonesia, the entry of tech giants presents an opportunity to reach more than 83 million people -- nearly a third of its population

CBA 2021 Technology Update

Accelerating CBA's digital strategy to provide best-in-class customer experiences.

ACCC’s Sims warns on big bank fintech takeovers

Mr Sims in October also expressed concerns at the prospect of the big four picking off potential fintech rivals, and the ability of merger laws to deal with that prospect.

Making use of digital tools for accounting, marketing and sales

The company, which has three full-time employees and a number of part-timers, also uses the Shopify e-commerce platform to sell food products during Hari Raya.

More software programmes and tools to help SMEs in marketing, e-payment and working from home

"Covid-19 has impacted SMEs in many ways. It compounded pre-existing challenges such as cost pressures, cash flow and manpower issues, amidst weak demand locally and globally,"

How China is tackling fintech risk and regulation

The rules need to emphasise the substance instead of the form of a company

Agricultural Bank of China deploys AI-based virtual receptionist

With the addition of a virtual receptionist onsite, the Zhongshan branch of the Agricultural Bank of China hopes to lift its overall service quality and operational efficiency.

SGX and Temasek partner to advance digital asset infrastructure in capital markets

The JV will look to partner with fixed income issuance platforms to connect to its post-trade and asset servicing infrastructure

Bitcoin ETF? Bank of Singapore says SEC under Gensler may alter view on digital currencies as US$176 billion sell-off highlights risks

Bitcoin has declined by more than a fifth since the digital money peaked at US$41,981 on January 8

Commercial banks seek ideas from new rivals for digitalization

The meeting come as lenders have been shutting down brick-and-mortar branches to focus on their online and mobile services, while heightening competition with fintech firms have been driving them to cooperate with both rivals old and new.

China's Fintech Balancing Act

The PBoC also proposed last week that it could advise the state council’s antitrust committee to take action should non-bank institutions

Digital Mastery

How organizations have progressed in their digital transformations over the past two years

The allure of cryptocurrencies

Asian family offices take wait-and-see attitude towards digital assets

Lightnet Group, Velo Labs and Asia Digital Bank partner in Asia

By connecting legacy finance, CeFi and DeFi industries, Velo Labs’ Federated Credit Exchange Network positions Velo Labs as one of few blockchain projects with a clear path towards mass adoption.

An evolving regulatory landscape of cryptocurrency in Hong Kong - An update

This alert highlights the proposed licensing regime and the reception by industry players.

Rakuten launches Taiwan's first Web-only bank

Rakuten's banking services feature two special programs for customers that will serve as the bank's foundation in promoting financial innovation.

Malaysia seen attracting more applicants for digital bank licences than rival jurisdictions

Many of the interested parties are expected to form consortiums to apply, as was the case in Singapore and Hong Kong.

Digital payments overtake card transactions in Southeast Asia

Southeast Asia’s move to cashless had another shot in the arm during the pandemic, with contactless payment methods preferred

MAS Enhances Guidelines to Combat Heightened Cyber Risks

The revised Guidelines have incorporated feedback received from the public consultation

FinTech