12/29/2023
Bank Indonesia to use blockchain technology for digital rupiah trial in 2024
BI is currently working with large-scale financial institutions for the trial phase to gather their input and feedback.
FinTech
12/19/2023
Banks dedicate more resources to responsible AI but clarity lags behind
As of October 2023, according to Evident's findings, 23 banks have designated a senior leader for RAI, 20 have formed specific partnerships for RAI
12/13/2023
Website and Internet Banking Login Screen Alert – Fraudulent websites and internet banking login screens related to China CITIC Bank International Limited
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.
12/12/2023
Mambu Reveals Top Financial Trends Set to Shape the Industry in 2024
In Mambu’s new report, 30 experts from various sectors across big tech and financial services, including Amazon Web Services, Deloitte and Backbase, forecast trends that are expected to influence the industry in 2024 and beyond.
12/01/2023
Iress on track with ‘significant’ transformation strategy
In addition, the platform’s projected underlying EBITDA for the 2024 financial year was updated from $124–$134 million to $135–$145 million.
12/01/2023
AMP to launch digital advice service in 2024
The firm has been speaking with a range of digital advice providers including Midwinter, GBST, Otivo and Advice Intelligence and expects to decide on one soon.
11/29/2023
Aussie fintech growth counteracted by local challenges: EY
Despite the positive findings, EY said the results are tempered by the fact the Census found significantly fewer younger companies in the fintech ecosystem.
11/27/2023
Avaloq co-CEO Greweldinger: Our early bet on Asia is paying off
The Swiss banking software giant has logged significant growth in Asia since it was acquired by Japan's NEC Corporation.
11/23/2023
Astra Financial and WeLab Launch Bank Saqu as an Innovative Digital Banking Service
Bank Saqu targets the younger generation, especially solopreneurs in Indonesia, encompassing small business owners, freelancers, and even full-time employees juggling side hustles.
11/22/2023
AMP to launch new digital bank designed for small business
The solution will be built in FY24 and launch in Q1 2025, operating on a separate technology platform, as a new division to AMP Bank.
11/21/2023
Report predicts boom in Apac's wealthtech market
The strongest growth is expected to take place in the direct to consumer wealthtech market where there is a mix of pure digital and hybrid advisory models.
11/21/2023
Salt Bank partners with Starling Bank's Engine
The financial institution is expected to launch its application in 2024
11/17/2023
Singapore President Believes AI Will Ease Talent Shortage
Similar to other major technological advancements, artificial intelligence is expected to cause widespread disruption, including in the labor market.
11/16/2023
JPMorgan partners with wealth managers and blockchain operators for proof-of-concept initiative
JPMorgan’s Onyx teamed up with wealth managers like Apollo and WisdomTree for the initiative.
11/16/2023
Ant Group Bets Big on Privacy-Preserving Computation
This is a technique that allows for the computation of encrypted data while maintaining protection and preventing theft or abuse.
11/16/2023
MAS Lays Foundation for Safe and Innovative Use of Digital Money in Singapore
The three forms of digital money that MAS is promoting are wholesale CBDCs, tokenised bank liabilities, and regulated stablecoin
11/15/2023
Chubb Studio Expands its Digital Integration Capabilities with New B2B2C Developer Portal
Chubb's B2B2C partner companies and their developers gain even greater digital insurance integration ease and optionality.
11/14/2023
UBS Introduces Crypto ETFs for Wealthy Clients in Hong Kong
This move aligns with Hong Kong's broader strategy to embrace digital asset trading while maintaining investor protection.
11/13/2023
Broadridge Expands Shareholder Disclosure Solution to UK, Australia and Hong Kong Markets
The extension of Broadridge’s Shareholder Disclosure solution highlights its continued commitment to increasing transparency, driving automation through digitization and supporting customers’ shareholder disclosure obligations
11/13/2023
Wealth managers shirk cybersecurity priorities
Not surprisingly, large organisations consistently self-report more mature cyber capabilities, while small organisations lag in supply chain risk management, data security, and consequence management.