08/26/2019
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,
FinTech
08/26/2019
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.
08/26/2019
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.
08/25/2019
Bravura Wealth Management revenue up 14pc
Wealth Management FY19 EBITDA increased 17% to A$53.9m (A$46.2m in FY18).
08/23/2019
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.
08/23/2019
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.
08/23/2019
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.
08/23/2019
FinTech Abu Dhabi’s search for global fintech talent?
Startups who attend FinTech Abu Dhabi can apply to become part of the FinTech 50
08/23/2019
Results: Iress delivers stable half-year performance
Iress also reported that the company expects FY19 guidance to remain unchanged and in line with guidance.
08/23/2019
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.
08/22/2019
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.
08/22/2019
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.
08/22/2019
East Ventures Closes Oversubscribed Sixth Fund At US$75Mil
Will provide Seed to Series A funding to startups from all sectors and industries
08/22/2019
South Korean blockchain startups moving to overseas exchanges
Two such companies, Medibloc, and Temco, who already listed their projects on the major exchanges in South Korea, have now been looking to list them on overseas exchanges as well.
08/22/2019
Singapore lets firms apply for trademarks via mobile app
Businesses can file for trademark protection with the Intellectual Property Office of Singapore via a new mobile app, which aims to speed up the application process to 10 minutes from the current 60 minutes.
08/22/2019
Tiger Global invests $15mn in wealth management startup INDwealth
INDwealth plans to utilise the capital to build its technology, artificial intelligence and advisory team.
08/22/2019
HK signs agreement to develop RegTech network
HK, Singapore and Japan jointly launched the APAC RegTech Network to enhance cross-border collaboration on regtech education.
08/21/2019
Korean Crypto Exchange ‘Prixbit’ Shuts Down Over Banking Woes
For other tokens still on deposit, the site encouraged the owners to register for a refund as soon as possible.
08/21/2019
Crypto2Cash Eyes Asia Pacific for its Digital to Fiat Currencies Settlement Solutions
The first step for a client wanting to transact through Crypto2Cash is, of course, account creation, followed by verification of documents and then the depositing of the customer’s cryptos into a wallet the firm generates for each client.
08/21/2019
Robo targets ‘emerging HNWIs’
The market segment is believed to be underserved by boutique wealth managers.