Managers of Wealth Asia Pacific

MAS Invites Applications for New Digital Bank Licences

This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior Minister and Chairman of MAS

Singaporeans may show reluctance towards digital only banks

Most of the banks here [Singapore] are more traditional but they have a digital branch, they are not digital wholesale banks.

Standard Bank becomes first African bank to join the global blockchain-based Marco Polo Network

Standard Bank is constantly looking for ways to provide best-in-class trade finance products to our customers

Bank of China revamps lodgement process to boost broker access

“They consulted with us about which levers to pull to embrace the third-party market and provide efficient acquisition of home loans.”

China’s CITIC Capital backs $33.8m funding in Japanese e-commerce firm Reclo

Reclo allows owners of luxury brands to resell the items online via its platform.

Switzerland Approves Crypto Banks Sygnum and Seba Crypo

The move represents the burgeoning blockchain industry crashing into the traditional banking industry.

Labuan FSA Grants the First Digital Bank Approval

This will not only drive FinTech and innovations but also bring about new customer experiences and enhanced convenience through faster and more personalised services offered by the bank.

Alibaba-backed Chinese A.I. firm Megvii files for Hong Kong IPO

Facial recognition is a key part of China’s drive to become a world leader in AI technology by 2030,

Trends: Digital-only banks expected to gain traction in Asia-Pacific

Regulators in Hong Kong, Singapore and, more recently, Malaysia are at various stages of drafting relevant regulations and approval processes.

Will Blockchain kill banking as we know it?

This includes the drastic measures of negative interest rates, a move that aims to force individuals to spend more and banks to lend more.

Bravura Wealth Management revenue up 14pc

Wealth Management FY19 EBITDA increased 17% to A$53.9m (A$46.2m in FY18).

For traditional banks, fintech newcomers offer opportunities, not threats

Far from cannibalising traditional banks, the fintech boom has brought to the industry innovative ideas and technology.

S. Korea Slow in Making Institutional Arrangements for Blockchain Technology

China is also reviewing the issuance of its own digital currency and Singapore has come up with regulations on cryptocurrency exchanges.

NTU Singapore to develop AI-based wealth management AML capabilities

An expert panel comprising executives from UBS, DBS Bank, OCBC Bank, UOB, Commercial Affairs Department, and MAS will offer guidance for the project.

FinTech Abu Dhabi’s search for global fintech talent?

Startups who attend FinTech Abu Dhabi can apply to become part of the FinTech 50

Results: Iress delivers stable half-year performance

Iress also reported that the company expects FY19 guidance to remain unchanged and in line with guidance.

Robo-adviser targets ‘emerging’ wealthy individuals in Asia

The new private wealth account also has a funds platform allowing investors to purchase products only available to professional investors.

SS&C Eze partners with Tokyo Metropolitan Government in Japan’s resurgent hedge fund market

An exciting future lies ahead of Japan with the country’s new hedge fund industry, and we are thrilled to be part of this journey.

OCBC in talks with Singtel about virtual bank licence, say sources

Banks worldwide face increasing competition from telcos and technology firms that are getting into financial services including payments and lending.

East Ventures Closes Oversubscribed Sixth Fund At US$75Mil

Will provide Seed to Series A funding to startups from all sectors and industries