Managers of Wealth Asia Pacific

BRI announces Three Ecosystem Strategy to Accelerate Digitalisation

The three ecosystems are market ecosystems, digital ecosystems and village ecosystems.

Data: Fault Lines Criss-crossing Asia’s Capital Markets

The size and scope of the document is itself testament to the overwhelming complexity of data regulations across the region – a landscape that continues to shift, with new iterations and requirements being introduced each month.

Banking Technology Firm Plans APAC Expansion

This brings the round’s total value to $125m following $83m secured in March led by Draper Esprit and joined by Lloyds Banking Group, IQ Capital, Backed and Playfair Capital.

UOBAM launches mobile robo-advisor

The Singapore-based asset manager has teamed up with FNZ Group to offer an app for retail investors to construct individual portfolios.

Malaysia’s Permodalan Nasional launches micro investing mobile app

App users with less than 6,000 ringgit (US$1,410.94) in their accounts pay a fee of 18 ringgit a year or 1.5 ringgit a month.

Japanese Fintech Regulation Update: New Regulatory Framework for Financial Services Intermediary Business

The FSIBO is required to keep books and records in accordance with the ASFI and to prepare an annual business report to be filed with the regulators within three months after the end of each business year.

Visa announces support for cryptocurrencies

Visa’s outlook on new digital currency payment flows

Thai central bank greenlights 5 commercial banks using facial recognition technology

Now all five banks use facial recognition technology for their services, meaning clients can open bank accounts using a mobile phone app or ATM machine without having to go to the bank in person, said the BoT assistant governor.

Singapore robo adviser StashAway raises US$16 million for expansion

Tushar Roy, a partner at Square Peg, describes StashAway as an "obvious leader in Southeast Asia's digital wealth management industry".

Australian regulator sues Google over expanded personal data use

The move by the ACCC comes amid heightened attention in much of the world on data privacy.

Standard Chartered to Pilot Crypto Custody Solution

Complementing its custodial initiative, SC Ventures participated in an oversubscribed $17 million Series A funding round for Metaco, which runs an institutional operating system for digital assets.

Morgan Stanley blocks remote network access for China interns

Bank to host programme in its offices as concern grows over Beijing’s cyber security rules

Big data may help guide Japan economy through pandemic pain

The revelation helped convince BoJ policymakers to conclude the economy has past the worst and did not need immediate, additional monetary support.

Commbank Overall Digital Experince Leader For Mobile Banking For The Fourth Consecutive Year

Independent research firm finds CommBank takes the lead, delivering impressive digital experiences and excelling at UX and functionality

Start-up Givvable Gets Backing from CBA and Microsoft

The theme of this year’s Xccelerate program was improving the financial wellbeing of small businesses, and helping them bounce back from the coronavirus pandemic.

Jianpu Completes Registration of its Financial Services Application with China's NIFA

PBOC has been tightening its oversight of financial mobile applications to reduce information-associated financial risks and protect user data privacy, reports Jianpu.

Japan’s Biggest Bank Launches Proprietary Cryptocurrency This Year

Dubbed “MUFG Coin,” the digital currency will be unveiled in partnership with HR firm Recruit Holdings.

MAS Seeks Expanded Powers to Address Financial Sector Risks

“To preserve trust and deter misconduct in Singapore’s financial sector, MAS proposes to expand its power to issue prohibition orders (POs),”

Ant Group poised for one of 2020’s biggest IPOs

Alibaba payments arm was last valued at $150bn and plans to list in Shanghai and Hong Kong

DBS PB sees a rise in digital transactions

In a media briefing the Singapore-based firm emphasised the importance of its DBS iWealth app in its future growth.

FinTech