Managers of Wealth Asia Pacific

China’s Plan to Sideline Bitcoin

Beijing has accumulated dozens of blockchain patents. Crypto fans won’t like what comes next.

Global Custodian’s Industry Leaders award winners announced

SS&C’s Bill Stone takes home Lifetime Achievement award as Pershing, Trident Trust, Ultimus, Digital Asset, BNP Paribas and Morgan Stanley all win big.

Australia could be cashless in just three years: experts

Reserve Bank governor Philip Lowe believes Australia is at a turning point, with cash set to become a "niche payment".

People’s Bank of China Officially Bans Security Token Offerings

It seems that the move was fuelled by the fact that despite the bans on Initial Coin Offerings, numerous start-ups were still holding token sales within the country.

Technology democratizes wealth management

Fintech opens many new opportunities for businesses to develop their range of services and tap into a broader client base, irrevocably democratizing wealth management

Thailand's KBank, Japan's Line form JV in digital banking push

Thailand fourth-largest lender Kasikornbank Pcl (KBank) said on Wednesday it formed a joint venture with Japanese mobile chat app operator Line Corp to tap into its network of users to grow personal loans.

Opposition lawmaker eyes tax policy overhaul for Japan’s crypto market

The proposals have been welcomed by cryptocurrency traders in Japan

Chinese VC Investments Tops US for First Time

‘Red unicorns’ take in $56 billion in first half of 2018.

Technology push could open Hong Kong banks to more cyberattacks in 2019, KPMG says

New report comes days after HSBC was forced to increase security on its PayMe e-wallet app

Faster payments to be upgraded

The public may contact their banks or stored value facility operators for more details regarding the availability of the related services that may be affected by the system maintenance.

Chinese Firm Launches Digital Asset Platform in Singapore

Onchain is a blockchain technology company in China.

South Korea’s First Blockchain-Powered Remittance Service to Thailand and Philippines

Coinone Transfer’s partnership with SCB also will soon offer Cross customers a direct link to PromptPay, which enables any recipient with a bank account in Thailand to receive a payment directly and instantly.

Ripple powers Coinone’s remittance app in South Korea

Coinone Transfer has unleashed South Korea’s “first” blockchain-powered remittance mobile app and web service called Cross.

PayPal gives a Toss about Viva Republica’s $80m funding

Toss, which started as a peer-to-peer (P2P) money transfer service in 2015, has become a platform providing financial services, with more than ten million users.

Singapore lauded for financial sector cyber security guidelines

Guidelines developed by the Association of Banks in Singapore

StanChart first in Hong Kong for digital savings account on-boarding

Through the blockchain proof of concept, the participants were able to monitor loan agreement revisions, comments and the sequence of approvals, as well as tack an audit every change before the deal was closed.

Australian banks preparing for major ATM fleet cull

Regulator green lights national consolidation.

Government Blocks Illegal FinTech Websites & Apps in Indonesia

Go-Pay and OVO are two examples of very successful online payments platforms in Indonesia.

Japan’s Retail, Banking Sectors Reacting to Disruptive Technologies

Though Yamada joked that the United States had pioneered online banking as a reaction to poor service in its banks, he admitted that changing banking habits are a headache for companies such as Mizuho, leaving them with underutilized real estate.

This Banking Giant Begins to Commercialize Blockchain-powered Services

Shinhan is thought to be keen on exploring the potential uses of both blockchain technology and cryptocurrencies.