Managers of Wealth Asia Pacific

HSBC to use artificial intelligence for AML efforts

These traditionally require many individual man-hours, yet often do not result in any issues to be followed up.

Firm wraps up Australia’s largest fintech debt-market deal

The bank provided $200m in senior funding.

NAB private banking in alliance with Israel's OurCrowd

The deal was announced during an Australia-Israel Chamber of Commerce's women leaders delegation in Israel, that was attended by NAB Private executive general manager Christine Yates.

International Regtech Association is launched

The executive board consists of regtech specialists from across a number of sectors, including lawyers, consultants and software/solutions providers.

UBS: Juerg Zeltner Is Set to Complete IT Project

IT was the biggest cost factor apart from the bank’s staff. The integration of the basic infrastructure generated an enormous advantage in terms of costs, Zeltner said.

The rush to digital banking has failed to impress some clients

The paper highlights the banking industry’s rush to digitisation, which has left some clients feeling overwhelmed by features and banks undertaking digital projects ‘in the dark’ with no concrete strategy.

AYA Bank to overhaul core banking system with Misys

AYA Bank has always been at the forefront in providing modern retail banking services and products

Hong Kong launches IPO support system for start-ups

Hong Kong Science and Technology Parks Corporation and Hong Kong Exchanges and Clearing (HKEX) have launched their “Road to IPO” platform.

Super funds must do more digitally

But any digital solution must also be compliant, mobile responsive and easily integrated.

Banking On Wealth Tech

Several banks and global wealth management firms have made co-investments in wealth tech.

NAB Ventures funds US$24m to cloud fintech

Targeting entrepreneurs with fewer than 10 employees, Wave has over two and a half million small business customers in more than 200 countries around the world, including 35,000 active users in Australia.

It’s official: China’s highest-paying jobs have shifted to tech from finance

Average wages in China’s information technology industry are higher than those in finance for the first time since 2008, when data became available

Wealth management platform provider hits $5 billion in FUA

The company’s growth has been underpinned by a strong team who are focussed on delivering better outcomes for advisers, their clients, licensees, fund managers, stockbrokers and shareholders.

Malaysia Opens Fintech Sandbox

At that time BNM opened applications for parties intending to create innovative ways to improve the quality, efficiency and accessibility of financial services in Malaysia.

Singapore fintech startup Bank-Genie raises funding to help banks roll out virtual terminals

Singapore-based private equity fund SBI FMO Fund was the sole participant of the Series A round

Trust in Technology - HSBC

The government first launched the Aadhaar Project, a biometrics programme, in 2009, creating the world's largest biometric data set.

AI to influence consumer trust: Medcraft

Medcraft also explained that with the rise of artificial intelligence, the issue of accountability cannot be neglected

Dion and Fincast partner to deliver an integrated portfolio management and exchange trading platform

Aim to enable the financial industry to explore new, cost efficient, business growth opportunities

Digital insurance startup Acko gets $30 mn from SAIF, Accel and others

The company, which was registered in August 2016, had received $2.5 million in November through a mix of preferential and equity shares, filings to the Registrar of Companies reveal.

Singapore robo-adviser secures SGD3 Million in funding

StashAway was founded in 2016 to provide an efficient, low-cost and intelligent digital investment engine that empowers individuals of all net worth to build their wealth.

FinTech