11/13/2017
Sumitomo Mitsui looks to automation in bid to slash employees’ work hours
The company estimates it will be able to cut around 1 million hours of work in fiscal 2017.
FinTech
11/09/2017
NAB seeks 600 tech specialists as it gets serious about new digital business model
The bank will immediately hire 600 technology specialists spanning software engineering, data, architecture, and cybersecurity as it plunges into its customer-focused digital transformation.
11/08/2017
Allianz pioneers blockchain prototype for the captive insurance market
The project deepened our and our client’s understanding of how applied blockchain technology will not only fundamentally change insurance as we know it but also create new business models.
11/08/2017
Planning an initial coin offering? Know what the rules are in asia
The cryptocurrency phenomenon sweeping through the internet owes much of its fame to Bitcoin.
11/08/2017
Bank of America Merrill Lynch brings AI solution to Asia
It was developed by fintech company High Radius and is geared towards companies with complex supply chains, where receivables can be complicated to track.
11/07/2017
Manulife implements Finantix solution in Singapore
The ‘go live’ milestone in Singapore follows earlier activations in Hong Kong and Japan.
11/07/2017
China Everbright Bank Opts for Wolters Kluwer’s OneSumX for Regulatory Reporting
This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 50 countries, helping to ensure the solution is current at all times.
11/05/2017
Asia’s role in the digital currency revolution
While some jurisdictions such as Singapore have open-door policies, others such as Vietnam favor regulation over innovation
11/05/2017
BancNet implements stricter accountholder verification
The Bangko Sentral ng Pilipinas requires banks to implement multi-factor authentication for sensitive transactions on online channels such as enrolment in transactional e-services, payments, remittance and fund transfers.
11/03/2017
Robo-investor AlgoMerchant begins trading after $2m-plus funding
AlgoMerchant said it collaborates with freelance quantitative traders
11/02/2017
Bank of Thailand Selects SimCorp Dimension as Its Investment Management Platform
This agreement further strengthens our position as the leading provider of investment management solutions for central banks and sovereign wealth funds.
11/02/2017
Japan: A Forward Thinking Bitcoin Nation
Right around the same time, however, there were some new developments in Japan.
11/01/2017
Israel Fintech Firms Head To Japan For Business Opportunities
Delegation Meets With Japanese Companies To Show Them Their Wares In Effort To Boost Cooperation
10/31/2017
NAB, CBA, and Westpac build next generation of mobile payments and wallets in Australia
New app to enable free and instant payments to consumers and small businesses
10/31/2017
Australian And Swiss Regulators To Cooperate On Fintech
Financial Regulators In Australia And Switzerland Have Agreed A Deal Designed To Support Innovation
10/31/2017
Korea’s Banking & Financial Sector Gain Blockchain Security Upgrade
Chain ID will see its launch in November via Android and iOS apps ahead of a rollout of desktop versions.
10/30/2017
RBA Watching Cryptocoin Influence
The greatest potential is likely to be in sectors where workflows involve lots of different parties with no trusted central entity, and where current practices are quite inefficient.
10/30/2017
Singapore Unveils Roadmap to Raise Financial Hub Status
The ITM also aims to create 3,000 net jobs in financial services, and an additional 1,000 net jobs in the FinTech sector annually.
10/30/2017
Vietnam bans payments in Bitcoin and other cryptocurrencies
Those who continue accepting payments in cryptocurrency face heavy fines.
10/30/2017
Digital ID in Japan to be powered by blockchain
The financial authority and the banks want to create a system that enables consumers to open accounts at different financial institutions.