Managers of Wealth Asia Pacific

BSP, Bank Indonesia may test cross-border retail payment linkages

“The BSP and BI have yet to consider specific projects under the MoU,” Mr. Diokno said in an e-mailed response to BusinessWorld on Tuesday.

Jumio and CIMB Bank PH Team up

Jumio helps CIMB Bank Philippines onboard new mobile banking customers while protecting against fraud and meeting strict compliance mandates

Central banks pool brainpower on digital currencies

The group will be co-chaired by the BoE’s deputy governor, Jon Cunliffe, and former ECB executive and recently appointed head of the newly formed BIS Innovation HUB, Benoît Cœuré.

Grab moves into retail wealth management with acquisition of robo-advisory

Following the acquisition, Bento will be rebranded as GrabInvest, with products expected to be launched on the Grab app in the first half of the year in Singapore.

BSP, Bank Indonesia ink deal on innovation

The MoU signing was held to conclude a bilateral meeting between the two central banks which fruitfully discussed numerous advances in digital economy and central banking, infrastructure financing using market instruments, and sustainable financing frame

Nomura launches crypto index for financial institutions

The index will be known as the NRI/IU Crypto-Asset Index and will mainly target financial institutions and institutional investors.

Japan’s Second Largest Bank Invests in Ripple-based MoneyTap

Already Fukushima Bank and some other big banks have invested a huge amount in MoneyTap.

Stack Launches Asia’s First Bitcoin Index Fund

The firm hopes to surpass $2 billion in assets under management next year

Westpac VC Fund Invests in Indonesian Instant Credit Platform

Indonesia has the region’s largest internet economy, which is on track to cross $130 billion in gross merchandise value by 2025, up from $40 billion in 2019

Australia could take a big slice of the billion-dollar regtech pie — if, and only if, the government keeps up

These companies are about data rather than goods, services rather than products, and spaces rather than places.

KBank invests in digital core

New growth areas get B17bn until 2022

TSB issues warning over phone scam

Both customers and non-customers had been targeted and anyone who received a similar call should hang up straight away, Hooker said.

Open trade finance network – Contour, launched in Singapore

Contour delivers a network where trusted information is shared in real-time, effectively digitising Letters of Credit across all users in the transaction.”

Australian crypto exchange enters ‘progressive’ Singapore market

The move to the Southeast Asian country follows “a number of positive moves by Singaporean regulators, including the introduction of the Payments Services Act by the Monetary Authority of Singapore (MAS),” Przelozny stated.

VIETNAM: Start-up disburses $1.5M in microloans

Its app Spean Loan uses machine learning to build a credit scoring system and evaluate a client’s ability to repay.

Standard Chartered Invests in Documentary Trade Platform

It follows the full commercialization of Contour and the appointment of CEO Carl Wegner in January 2020.

Raffles Family Office to invest U$15m in HK's WorkTech for Asean expansion

It is planning to enter South-east Asian markets including Vietnam, Cambodia, Thailand and the Philippines, to build a cross-border community.

Open banking retains big four reign, crushes newcomers: Raiz

The company’s chief executive George Lucas said the political and regulatory environment has continued to create policy favoring the big four banks.

Singapore Helps Global Crypto Firms To Expand

Tokyo-based crypto exchange operator Liquid Group Inc and London-based Luno, which already operate in Singapore, are among the firms planning to apply for the licenses.

China warned not to rush into creating digital currency to rival Facebook’s Libra, instead join global debate

China has fast tracked development of its sovereign digital currency, but a former central bank deputy governor has urged China to think about its response

FinTech