Managers of Wealth Asia Pacific

What's new with fintech development in Asia?

Investment sentiment continues to be ripe in the region with growth opportunities and Singapore establishing itself as a fintech hub

J.P. Morgan Launches E-Customs Payment Solution To Digitized Cross-Border Payments In China

The solution solves common pain points associated with the manual nature of such transactions.

AI to reorganise Asia's insurance landscape

The insurance industry in Asia is mostly welcoming of AI, and, according to Srikanth Venkatesan, Asia-Pacific head of insurance at Cognizant, the region is at the forefront of adopting newer technologies.

HSBC’s scrapping of minimum balance fee for Hong Kong clients may prompt rivals to follow as they brace for competition with virtual banks

Other major banks are likely to follow suit, say analysts, as they get ready to fend off competition from eight virtual banks due to launch this year

FinTech in Asia: Tale of Two Cities, a Hawksford insight

In the FT’s 2018 1000 High-Growth Companies Asia-Pacific index, (Reference – FT article, April 2018), FinTech companies from the APAC region topped rankings.

Insurer to add value via tech

The app offers discounts on services and retailers like Jenny Craig, The Iconic, Garmin, Allen Car's Easyway Quit Smoking program and DNAfit.

Singapore's 3 big banks can defend market share against fintech threats: Moody's

Equipped with vast financial resources, banks have been expanding their payment services in South-east Asia.

HSBC Announces Digital Accounts Receivable Tool Built on Identitii’s Tokenisation Technology

Further roll out into new markets in Asia will generate additional revenue for Identitii, as previously reported

Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto

The bank’s “Blockchain Verification System” allows users to receive evidential documents on private enterprises.

These three trends will influence the evolution of fintech in ASEAN

Each region has its own unique factors that dictate the evolution of the local startup scene.

How fintech is setting Southeast Asia’s SMEs free

In Southeast Asia, only 27% of adults have formal bank accounts and only 33% of businesses have access to proper financing

Citigroup Sees Asian Firms Like Ant Financial Setting the Pace

Citigroup has been building out its mobile app in the U.S.

How AIA modernized its cash management processes

AIA became the first HK insurer to allow premium payments to be made via a QR code scan when it launched its FPS-based solution in 2018

Vermeg expands Asia Pacific reach

Vermeg’s established technology is highly beneficial to banks and financial institutions across APAC.”

China officially launches technology innovation board, with trading expected to begin within two months

New ‘Star’ board aims to be like the tech-heavy Nasdaq in the US

HSBC launches US$880m technology fund for start-up companies

The GBA+ technology fund will provide senior debt financing to companies that are likely to have received funding from venture capital or private equity firms

Philippines Central Bank Warns on Risks of Growing Cryptocurrency Use

while cryptos and blockchain can be useful for settlement, they effectively allow users to sidestep the banking system.

Sparrow’s options trading platform takes flight

Using a hybrid off-chain on-chain approach, Sparrow offers transparent, automated settlement on Ethereum smart contracts deployed onto the Nidus proof of authority chain.

Largest Korean Bank to Explore Crypto Asset Management

Earlier iHodl reported that one of the oldest South Korea's financial institutions, Shinhan Bank, announced the launch of its blockchain-based verification system that can replace the verification process of certification documents required in Korea.

BlueRed a bridge linking Israeli startups to Asia's wealthy

Working closely with Asia's well-heeled, he noticed their appetite for venture investing in Israel's burgeoning startup scene, but that they lacked the connections for access to good deals.