Managers of Wealth Asia Pacific

Lu International gains HK licences

The subsidiary of China online wealth management firm Lufax can now tap Hong Kong retail customers after receiving regulatory approval.

HSBC debuts digital account sign-up process for small business customers

New remote system allows SMEs to open accounts without visiting branches, sending in documents

New $5 million programme for digital finance leaders in Singapore and the region

This will enable the leaders to harness digital financial solutions and services to drive business excellence, the organisations said.

Wirecard's missing US$2.1b didn't enter Philippine financial system, central bank says

The search for the missing cash hit a dead end in the Philippines, but the two Philippine banks have said documents purporting to show Wirecard had deposited funds with them were false.

Punjab National Bank records net loss at Rs 697 crore in Q4

“The domestic deposits of the bank increased by 4.9 percent YoY to Rs 6,86,493 crore, and domestic advances increased by 1.1% YoY to Rs 4,95,045 crore,” the bank added.

Deloitte’s 2020 Global Blockchain Survey

From promise to reality

Singapore-Based Digital Bank Closes Series A

Krasnov said there has been a «rapid jump» in consumer demand for digital banking and digital transfers since the start of the year in the Philippines.

Australian Government and businesses hit by massive cyber attack from ‘sophisticated, state-based actor’

Australia is being hit with a massive cyber attack by a sophisticated foreign “state-based” hacker, Prime Minister Scott Morrison has announced.

Australia lagging on robo-advice

Investment Trends research director Recep Peker said the US robo-advice market wasn't standing still, with big players getting increasingly competitive about their robo offerings.

Implications of China’s Sovereign Digital Currency

The idea of a state-run digital currency (or e-RMB) has been brewing in China since 2014, with a pilot programme starting in recent months. It is a digital yuan – backed by the government.

China Cybersecurity and Data Protection: China’s Civil Code lays foundation for data protection

For the first time, the Civil Code enshrines the right to privacy and the principles of personal information protection.

GrowingChampions: Accelerating cloud adoption in a post-pandemic APAC

Transitions that have taken place over the past few weeks were previously expected to have taken up to a year on pre-Covid-19 timelines.

tonik raises $21M Series A led by Sequoia India and Point72

First neobank in the Philippines raises Series A led by Sequoia India and Point72 Ventures.

Deutsche Bank to launch e-FX trading hub in Singapore

The Singapore e-FX hub will provide clients with the ability to execute FX transactions more closely aligned with geographic location, reducing latency, improving on local price transparency and liquidity.

Malaysia is gearing up for a digital banking revolution

The measures and regulations that the Malaysian federal bank is taking has been lauded by observers of the ongoing financial sector disruption

Fund Management Companies Enjoy Significant Followings on Alipay Open Digital Lifestyle Platform

In May 2020, Alipay incorporated a livestreaming feature on Caifuhao to enable fund managers to better engage their mobile-savvy followers.

Ant Financial-Backed Fund Invests in Singapore Fintech

The funds raised will also be used to grow its reach in existing and new markets

TCS to Launch Digital Acceleration Centre in Singapore

Powered by Tata Consultancy Services' Business 4.0™ Model, the Digital Acceleration Centre Aims to Support Singapore's COVID-19 Recovery and Future-readiness

First virtual MAX Awards go live tonight

Financial Standard wishes all 2020 MAX Award finalists the best of luck!

OCBC takes complex face-to-face wealth advisory process online

The range of wealth products sold include unit trusts, bancassurance products, structured investments, bonds, and foreign exchange products.

FinTech