Managers of Wealth Asia Pacific

New Hong Kong virtual lender Ping An OneConnect, HSBC ease banking processes in battle for SME sector

We aim to serve the hundreds of thousands of SMEs and micro companies in Hong Kong that have long been ignored by the big banks.

Australia to spend nearly $1 billion to boost cyber security

Australia will spend A$1.35 billion ($926.1 million) over the next 10 years to boost its cyber security defences, Prime Minister Scott Morrison said on Tuesday, as Canberra seeks to combat a wave of attacks.

Beijing unveils distributed ledger tech plan

Municipal government aims to turn capital into both national and global blockchain hub

Bank of Thailand Plans to launch Digital Currency

The project marks an important step in broadening CBDC’s scope and adoption to wider audiences

Hong Kong launches US$15.5 million subsidy plan to encourage companies to hire 1,000 fintech professionals

While fintech will add new opportunities, companies will need to inject new capital to develop new services.

Nomura Launches New Asset Management App

The app will also enable clients to easily see the assets they have at different financial institutions such as banks and securities companies, and manage them together.

India bans 59 Chinese apps, including TikTok and WeChat

Government cites national security and privacy concerns, saying decision aims to ‘ensure safety and sovereignty of Indian cyberspace

PH once again the Pirate’s Cove of the financial world

The self-righteous attitude of supporters of the electronics payment firm — including the press — as well as the business elite’s prickliness about outside scrutiny combined to produce a very German failure

Blockchain Association Singapore partners NTUC and BFSU to grow blockchain talents and pipeline in Singapore

This reflects the huge potential for blockchain technology in Singapore’s push towards becoming a smart nation, for such emerging technologies to be tested, deployed and scaled.

China tech giant Tencent expands into streaming in Asia

Tencent is one of the world's biggest online gaming companies, but has been seeking to expand into new areas.

Great Eastern Invests in Fintech Unit

Axiata Digital has expressed interest in Malaysia's upcoming digital banking regime and is preparing an application, the company said.

Fintech acquires licensee

PictureWealth also closed a $12 million late-seed funding round, comprising of private equity and debt.

Singapore robo adviser to improve wealth platform, eyes foreign expansion

Central Provident Fund members can invest all but S$20,000 (US$14,407) of savings in their ordinary accounts in any investment products under the CPFIS.

Singapore’s GIC invests again in UK fintech startup Checkout.com

The wealth fund has been an active investor in fintech firms, leading a number of fundraising this year including in Israeli-US startup Pagaya Investments and US startup Apeel Sciences.

Australian Wealth Fintech Eyes Growth

The hybrid wealth manager brings together digital automation and licensed, human financial advisers to provide users with personalized actions and insights based on their financial profile.

Lu International gains HK licences

The subsidiary of China online wealth management firm Lufax can now tap Hong Kong retail customers after receiving regulatory approval.

HSBC debuts digital account sign-up process for small business customers

New remote system allows SMEs to open accounts without visiting branches, sending in documents

New $5 million programme for digital finance leaders in Singapore and the region

This will enable the leaders to harness digital financial solutions and services to drive business excellence, the organisations said.

Wirecard's missing US$2.1b didn't enter Philippine financial system, central bank says

The search for the missing cash hit a dead end in the Philippines, but the two Philippine banks have said documents purporting to show Wirecard had deposited funds with them were false.

Punjab National Bank records net loss at Rs 697 crore in Q4

“The domestic deposits of the bank increased by 4.9 percent YoY to Rs 6,86,493 crore, and domestic advances increased by 1.1% YoY to Rs 4,95,045 crore,” the bank added.

FinTech