Managers of Wealth Asia Pacific

China digital currency could revolutionize global payments

Some other governments have already launched similar initiatives, but not on the scope or scale of the DCEP, which promises to be the first global digital currency.

Act to protect jobs lost to fintech, NUBE tells Bank Negara

It must be noted that the government does not downsize its workforce despite going digital with many of its services and operations.

UOB transforms the Digital Banking Experience for its Clients with the launch of UOB Infinity

The customisable dashboard presents financial information visually, thereby making it easy for clients to see state of their company's finances at a glance and in real-time.

Hong Kong Virtual Banks Eye Wealth Management

Seven out of the eight licensed virtual banks have officially opened for business with the final entrant

14 banks successfully develop digital Trade Finance Registry proof-of-concept

This mitigates against duplicate financing from different bank lenders for the same trade inventory, leading to greater trust and confidence among banks and traders alike.

BIS Innovation Hub and Saudi G20 Presidency announce TechSprint winners

The winners, chosen by an independent panel of experts, addressed one or more of its three problem topics: dynamic information-sharing, monitoring and surveillance, and regulatory reporting.

Chinese wealth management giant Lufax files for U.S. IPO

Lufax has not yet priced its shares or said how many it will offer during the listing.

RegTech Asia 2020: RegTech Lessons from Digital Banks

Jamie Lloyd Evans, a contributor to Regulation Asia, spoke to Debbie Man, Xuna Shao and Matthew Field about the challenges of rolling out virtual banks in Hong Kong, with a focus on technology and compliance with regulatory requirements.

Revolut Singapore Partners Income to Offer Insurance

The partnership with Snack layers insurance protection over our Revolut's existing money management features and allows our customers access to micro-insurance products that are underwritten by NTUC Income.

NEC acquires Switzerland’s Avaloq for $2.2bn

Each being a market leader in their own field, the combination of their shared vision, technological strengths, and global presence, will accelerate Avaloq’s long-term growth, global expansion and value creation strategy.

New virtual banks hit by glitches

A Mox spokesman said e-statement services have returned to normal the same night, and the company has strengthened the accuracy of the function in the background process.

Hong Kong and Macau See Seamless Boost for Cross-Currency Payments

According to Macau Pass deputy general manager Wong Kam Man, limited access for Octopus – Macau’s counterpart payment provider in Hong Kong – prompted it to tap into the market of Hong Kongers making pataca-denominated payments.

Avaloq's Francisco Fernandez Rides High

For all of Fernandez’s big Silicon Valley aspirations, he remains more of a matter-of-fact IT whiz than a flamboyant tech bro.

Banks reinvent, strive during pandemic

Banks have taken different measures according to the severity and length of the coronavirus outbreak.

How Singapore’s Sea is surfing Southeast Asia’s digital wave

The gaming and e-commerce firm will ‘not compromise growth potential,’ says CEO

Singapore launches a facial verification system such as DNI

The goal is to make the experience easier and faster; Instead of memorizing and entering a password, the test scans the person’s face and compares it with its database.

National digital currencies may become another sphere of competition

The key element of such systems will be national digital currencies, also known as Central Bank Digital Currencies.

Digital KYC, Onboarding & Authentication

Digital transformation has accelerated in financial services amid the pandemic. But it has not come without risks.

OCBC webinars to help 3,000 SMEs go digital by year end

More than 30 two-hour webinars have been conducted so far.

Cybercriminals are targeting Asia-Pacific banks and businesses as coronavirus disrupts daily life

More than half of businesses surveyed in Asia said they experienced at least one major security scare since shifting to work from home this year, according to a September 22 report by Barracuda.

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