Managers of Wealth Asia Pacific

South Korean watchdog fines Facebook US$6.1 million for sharing user info without consent

The commission said it will refer Facebook Ireland, the recipient of the fine, to the country's prosecution for a criminal investigation.

Revolut Singapore Looks to Fill Ranks

The company is also seeking interns, to join its compliance, growth and operations teams for a 10-week program. Applications close on November 30.

Iress confirms post-OneVue advice service play

“The value chain has become incredibly complicated with each layer needing to be paid, regardless of whether the investor is transacting or not,”

Hit by cryptocurrency curbs, Chinese fund managers look elsewhere to ride bitcoin bull

Consequently, Chinese businessmen are looking elsewhere to raise crypto-focused funds, following the path of some of the world’s largest crypto trading platforms which were founded in China but moved overseas in 2017.

China’s Future Capital raises $187m fund to expand firm’s tech investments

Future Capital focuses on early-stage investments in digital business services, software as a service, IT infrastructure and artificial intelligence

Independent wealth managers embrace digital tools

echnology allows MFOs to overcome pandemic-induced disruptions, enhance services and become more efficient

Thailand e-wallet app TrueMoney now allows users to buy mutual funds, report says

According to Ms. Nutthawadee, only around 4% of Thailand's population, or about two million people, have investment experience.

BOJ digital currency will help boost cryptocurrency trading, says Monex head

At present, converting cryptocurrencies into legal tenders is not easy because many smaller cryptocurrency exchange brokers do not hold bank accounts.

Fake Zoom invite cripples Aussie hedge fund with $8m hit

NSW police are investigating the matter as digital crime experts report a spike in attacks on hedge funds and private equity firms this year, as informal checks were weakened due to staff working at home as a result of the pandemic.

Chinese fund managers seek to ride bitcoin bull

China banned virtual currency trading in 2017, stopping a free-wheeling emerging crypto industry

China Cybersecurity and Data Protection: Monthly Update – Nov 2020 Issue

This e-bulletin summarises the latest developments in cybersecurity and data protection in China with a focus on the regulatory, enforcement, industry and international developments in this area.

Philippines Digital Bank to Adopt Cloud Banking Platform Mambu

According to the announcement, the Philippines market is ripe for innovation and disruption – around 70 percent of the population of the Philippines is considered unbanked, while the country has very high mobile penetration

Do China tech giants pose a risk for European banks?

US tech giants have been making more beachheads in financial services an area where their Chinese rivals are already well advanced.

VIC Rewards and XcelTrip offer Blockchain-enabled Vitality Packages to the Medical Tourism Marketspace

The partnership currently has a combined community that exceeds 750,000 members.

Double Win For Objectway Wealthtech Suite At Xcelent 2020 Awards

The augmented intelligence component and overall scalability of the Optimiser solution is a distinguishing point.

Citi Accelerator Lures Over 3,500 Fintechs

The initial pool was further shortlisted to 140 firms before 12 finalists were selected.

SMBC invests US$30m in GIC-backed fintech OakNorth amid Asean push

Other Singapore names that remain invested in OakNorth include the Economic Development Board of Singapore's EDBI, and the Singapore-based private investment firm Clermont Group.

Economic uncertainties hinder virtual banking development in Hong Kong

Traditional players unfazed even as digital newcomers offer higher interest rates

Bitcoin price surge linked to China crackdown

Miners struggling to liquidate crypto holdings because Beijing has frozen bank accounts

China Cybersecurity and Data Protection: What you need to know about China’s draft Personal Information Protection Law

The draft PIPL also lays down obligations on processors when sharing and transferring personal information to third parties.

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