Managers of Wealth Asia Pacific

Japanese giant Nomura prepares to back new digital bank

The Japanese bank has a whopper balance sheet and has never really put its back into Australia's SME lending.

Will banks lose out in Indonesia?

Of the more than 10 billion e-money transactions in Southeast Asia last year, 34 percent occurred in Singapore – making it the largest hub of cashless transactions in the region.

AFIN, Ecosystm to bring global fintech marketplace to NZ

AFIN also believes APIX will reduce barriers to entry and time to market for financial businesses.

ICE Bitcoin Futures Slated for December Launch

Our new cash-settled futures contract will offer investors in Asia

Netherlands’ 3rd Largest Bank: ABN Amro’s Hong Kong Division Introduces Tenemos’ Payment Technology

The new solution supports ABN Amro’s corporate banking business for large transactions.

Thai bank targets US$1b spinoff among its fintech units

"Thai banking like most other countries is a sunsetting industry, as existing lenders and new players are competing for limited pools of customers"

Exclusive: ABN AMRO staying ahead of the game

Deep datasets, risk analytics, and AI are some of the technologies ABN AMRO employs for enhancing KYC capabilities.

Singapore Capital Markets Platform Gets Injection

This was followed by the appointment of banking and investment industry veteran Choo Oi Yee, who will join from UBS in January 2020, as its chief commercial officer.

Taiwan's financial regulator: ATMs won't disappear, they'll just become smarter

Koo's comment follows those by Premier and Appacus Foundation Chairman Sean Chen, who believes the high density of ATMs on the island stand in the way of Taiwan's efforts to promote cashless payments.

Chinese Fintech Firms Launches $1 Billion Fund For Blockchain Banking

The fund was initially initiated HDFH Ltd with Yillion Bank and ZVCA joining the partnership at the forum.

Will robos start launching their own funds?

Hong Kong-based Magnum Research obtained a Type 9 licence in Hong Kong and is mulling plans to launch its own strategies.

Banks of 2030 will be in the ‘palm of your hand,’ PwC associate director says

That means the shift toward all-digital banking may accelerate.

Avaloq Has a New Top Client in Asia

Avaloq has been selected to help the bank capitalise on market opportunities and the need for enhanced, digital-led service capabilities.

‘Liberal arts’ and coding as a ‘second language’: How hiring is changing for banks in Asia

A recent report found that job listings requiring skills in artificial intelligence increased nearly 60% over the past year.

HSBC: No Virtual Bank License Required for Digital Supremacy

Despite its digital developments, HSBC has not pursued a virtual banking license and it insists that there is no need.

Negative interest rates threaten to choke bank IT systems

As of last Friday, all of Australia’s Big Four banks have essentially conceded they would struggle to make their transactional and mortgage systems cope with a switch to negative interest rates

HDFH launches Global Digital Bank Consortium Blockchain Investment Fund at CIIE

"Based on the investors' accumulation of experience in the fintech sector, the fund plans to invest in and create a leading digital bank, through which it will build a global digital bank consortium blockchain.

Naver and SoftBank to form joint venture

The newly formed joint venture will become the majority shareholder of Z Holdings, which runs Yahoo Japan.

Finzo selects JHC’s Neon

Integrated financial solutions provider Finzo announced that it will be implementing JHC Neon – a digital dashboard for instant portfolio monitoring, risk analysis and suitability checking.

Blockchain advocates hope to revolutionize banking in PH

This technology will enable services for the ones who are being neglected currently.

FinTech