Managers of Wealth Asia Pacific

FinTech Australia launches ecosystem map

The map is free for all to use.

Singapore’s GIC, US fintech Equinix in US$525 million Korea data centre tie-up

California-based Equinix specialises in internet connection and data centre businesses.

Class shareholders approve HUB24 acquisition

He said the scheme consideration represented an attractive premium to Class’ recent historical trading prices.

LUCA Japan inks strategic partnership

Xen Capital will build and operate the platform infrastructure to facilitate product distribution, client management, quarterly reporting, and secure transaction settlement.

Aladin Bank turns to Google Cloud for Islamic banking tech innovation

Aladin Bank, an Islamic bank in Indonesia, has announced a “strategic collaboration” with Google Cloud.

Indonesia switches on real-time payment system

Indonesia is the latest in a series of Southeast Asian countries to upgrade its national payments infrastructure to drive digital economies and accelerate growth.

Asia’s Virtual Banks Need Regulator Oversight to Guard Data, BIS Says

Technology brings down transaction costs for serving higher risk customers

RBC moves its Asia wealth management platform to the cloud, powered by Avaloq technology

Avaloq has been serving RBC Wealth Management’s growing Asia operations since 2012

Singapore’s Temasek to buy Element Materials for US$7 billion, report says

Temasek had a net portfolio value of S$381 billion ($283.31 billion) as of end-March 2021.

Central Bank of the Philippines Finds Digitalisation Will Ease Inflation in the Long Run

The wider adoption of digital payments in the Philippines is expected to have a positive impact on inflationary trends moving forward, according to the Bangko Sentral ng Pilipinas.

Singapore robo Syfe launches first neobroker platform

The launch comes six months after Syfe raised S$40 million (US$30 million) in a Series B funding round led by Valar Ventures, a venture capital firm co-founded by Peter Thiel, the co-founder of PayPal.

Binance and Thai firm to study feasibility of setting up digital exchange in Thailand

The deal comes less than a year after Binance ran into trouble with Thailand’s securities regulator.

Singapore must clamp down on security inertia before digital banking era can take off

With Singapore's digital bank licensees expected to begin operations this year, a spate of online scams wiping victims of their life savings serves as yet another wakeup call and demonstrates regulations sometimes are the only way to shake organisati

NAB Ventures backs agtech-fintech start up Geora

Tenacious Ventures has backed agtech-fintech startup Geora in a $1.5 million seed round to transform supply chain economics for Aussie farmers.

HKMA Puts the Squeeze on Crypto

The HKMA also stated that it intends to enshrine stablecoin authorization requirements in law, with all licensed institutions having to comply with them on an ongoing basis.

Fusang plans to kick off Asia’s first securities token offering with US$10 million sale in Labuan

Fusang plans to sell 2.5 million tokens at US$4, and list them on its own digital securities exchange in early February

HUB24 inflows up $3.6b in Dec quarter

HUB24’s portfolio, administration and reporting services (PARS) FUA was at $18.3 billion, up from $17.8 billion from the September quarter. This was up 97% on pcp.

Big tech threat stares down at banks

What we’ve been able to share with Up is that you can expect that from banks,” Mr Shay said.

Warning: Self-managed super funds and crypto investments

ASIC obtained interim orders and injunctions from the Federal Court in Queensland against A One Multi and its directors Aryn Hala and Heidi Walters to protect investors.

More than half of organizations have gaps in their zero-trust implementations

Organizations Struggle to Consistently Authenticate Users and Devices