Managers of Wealth Asia Pacific

Can legacy banks stay relevant with banking as a service?

In Southeast Asia, BaaS platforms have surfaced as key components of open banking.

Singpore's Azentio takes over Islamic core banking outfit Path Solutions

Singapore's Azentio Software has acquired the core banking software assets of Path Solutions, a technology supplier to 150+ Islamic financial institutions across the globe.

Digitising Wealth Management in the Post-Pandemic Future

Only cloud infrastructure and services have grown in 2020.

Kakao opens blockchain units in Singapore, eyes expansion overseas

With the two at the forefront, the South Korean internet giant will pursue the globalization of its public blockchain project, Klaytn, from Singapore.

Korea to rationalize cryptocurrency market

Binance's decision to leave Korea amid the toughening regulatory hurdles here is expected to speed up the reshuffle of the domestic crypto market

DBSV gets in-principle approval to provide trading services for digital payment tokens

The exchange, which recorded close to S$180 million in total trading value in Q2 2021, had first operated only during Asian trading hours.

Launch of Aicadium, a Global Centre of Excellence in AI Technologies and Solutions Founded by Temasek

Aicadium aims to fulfill a need shared by Temasek’s global network of portfolio companies and others seeking to improve their business outcomes using artificial intelligence.

Are Complex Corporate Actions Stunting Your Growth?

A lack of automation in corporate action processing will increasingly constrain growth whether organic or through acquisition.

Indonesia’s millennials drive interest in investment apps, but financial literacy lags behind

As investment interest has risen in Indonesia, illegal fintech platforms are preying on vulnerable victims.

Fintech Spurs Banking M&A Boom in APAC

Banking and payments companies are engaging in M&A activity around fintech to add innovative services to sharpen their competitive edge.

Sunsuper, Iress launch adviser data feed

"At Sunsuper, we know the value of advice and the role external advisers play in driving member outcomes, which is why we invested in working with Iress to activate data feeds."

Top Hong Kong virtual banks seek new frontier in second year of operations, eye marriage with wealth management services

Wealth management is our next priority, say CEOs of ZA Bank, WeLab Bank, while Mox Bank wants to expand its credit card services

COVID-19 helped accelerate Southeast Asia’s digital future. Now what?

Investors are recognizing Southeast Asia’s value as one of the last digital economy opportunities in the world―and the further growth potential that lies ahead.

Philippines’ securities regulator launches fintech innovation office

The SEC fosters innovation and supports new and emerging business concepts but is “cognisant of the risks that come with innovation”, he adds.

Australia’s Newest Digital Bank Goes Live on Temenos to Champion Fairer, More Human Banking Experiences

The new digital bank was built on The Temenos Banking Cloud to disrupt the Australian retail banking market with fast, simple, fairer and more human banking

Linklaters rolls out verification platform across London and Hong Kong SAR offices

The platform allows users to upload supporting documents to verify each statement and the generation of verification reports.

Iress rejects bid by private equity firm

This information has been shared with EQT following EQT entering into a confidentiality and standstill agreement.

Cryptocurrency crime in Hong Kong hits record levels, with one victim losing HK$124 million to fraudsters

There were also three local cases this year in which people were robbed or conned out of millions of Hong Kong dollars in face-to-face cryptocurrency transactions.

Australian banks re-engage with Apple over access to NFC chip

The Committee notes that this practice is different from Google’s approach with Android devices, on which third-parties have direct access to the NFC chip.

Singapore Crypto Startups Join Mastercard Program

The announcement comes amid increased enthusiasm for a broader range of payment technologies in the Asia Pacific region as a result of the pandemic, and growing awareness of cryptocurrencies among the general public.

FinTech