08/17/2020
China Announces Expanded Digital Yuan Trial
According to the ministry, testing will first kick off in Shenzhen, Chengdu, Suzhou, Xiong’an and 2022 Winter Olympics sites before extending to other regions.
FinTech
08/14/2020
Wealth firm unveils app in Hong Kong
Customers can subscribe to funds at a minimum of HK$1
08/14/2020
Fintech firm takes remittance service global
Money can be sent to 100 countries
08/14/2020
BNP Paribas rolls out mobile advisory product
The French firm is the latest bank to upgrade its digital portfolio management service.
08/14/2020
Standard Bank wins Innovation in Digital Banking (Africa) Award
The mandate of Quantum Leap is to ‘start from scratch’, ‘tear up the script’ and design from first principles the Transaction Bank of the future.
08/14/2020
Singapore’s BondEvalue Launches Blockchain-Based Bond Exchange
The first trade made on August 12 was between a Singapore citizen and a buyer who is a Singapore permanent resident.
08/13/2020
Bravura Solutions Awarded Gold Standard for Business Continuity Excellence
Business recognised for robust deliverables amidst Covid-19 disruption
08/13/2020
China's Tencent starts fund advisory services to tap asset management
Teng An Fund said the service would be officially launched via Tencent’s popular messaging app WeChat once the trial period is over, enabling its more than 1 billion users invest in fund products within the app.
08/13/2020
HK hedge fund Long Corridor Asset Management selects Bare Cove Technology to automate operations
“Since the start of 2020, we’ve seen an increase in demand for automation services from our asset management clientele We are excited to provide Long Corridor with technology solutions that streamline their workflows and free them to focus on
08/13/2020
Fintech unicorn Lufax, backed by China’s biggest insurer, Ping An, said to be secretly applying for US IPO
Investors valued Lufax at US$39.4 billion in a 2018 funding round
08/13/2020
Standard Chartered Taps Microsoft for Digital-First Strategy
The first set of capabilities to move to Azure will be Standard Chartered’s trade finance systems, which will facilitate seamless cross-border trade for the bank’s corporate and institutional clients.
08/13/2020
Indonesian fintech firm Fundtastic buys mutual fund portal Invisee, report says
“We are working as two different companies that were both trying to make a profit. By merging our companies, we can improve profitability,”
08/13/2020
Platform business in administration
Company management had already undertaken much of this work as part of the unwinding of operations as a result of the sale of Wealthtrac to its original founders," Damien Hodgkinson of Olvera said.
08/13/2020
Ingdan Innovations Introduces Leading Strategic Investor, Guangdong Finance Fund Management
Will Enable Resumption of High Growth in the Company's Core Business
08/12/2020
CREALOGIX – Leading the Digital Transformation Charge into Asia Pacific
The firm’s focus is on evolving bank’s and end customer’s needs for digitalisation in a secure and personalised way within a comprehensive user experience.
08/12/2020
Southeast Asian Fintech Partners Thunes
Founded in 2003, TrueMoney focuses on providing financial services for users including the unbanked across Thailand, Cambodia, Myanmar, Vietnam, Philippines, and Indonesia.
08/11/2020
Major South Korean Bank Joins the Crypto Custody Business
We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action.
08/11/2020
InvestHK Announced Fast Track Fintech Development Programme
About 10 companies per vertical will be selected to showcase their solutions for an opportunity to join a tailored B2B matchmaking programme with corporates and investors to explore further deals and investment partnerships.
08/10/2020
BSP asks consumers to practice cyber hygiene
The COVID-19 pandemic and the necessary lockdown and containment measures increased the need for online financial transactions.
08/10/2020
Israeli AI tech to assist Japan’s largest bank uncover promising Asian startups
The joint $80 million venture between MUFG Bank and Liquidity Capital will target health care, education and e-commerce startups, screening companies' bank accounts, accounting data, and other information with AI