Managers of Wealth Asia Pacific

WeLab Becomes Third Virtual Bank to Launch in Hong Kong

WeLab becomes the third of eight licensed virtual banks to launch in Hong Kong after ZA Bank, backed by Chinese insurer ZhongAn, and Airstar Bank, backed by Xiaomi and AMTD.

Malaysian exchange trials blockchain bond platform

“The exchange closely follows current trends in innovation and new technologies with a view to remaining relevant in this competitive landscape," said Bursa Malaysia chief executive Muhamad Umar Swift.“

Global internet companies: Set for a quantum leap

The Covid-19 pandemic could have a lasting impact on the way we live and interact.

Transferwise Rolls Out Service for Banks in Singapore

Transferwise for Banks enables banks, digital wallets, and other financial institutions to integrate the company's open API directly into their infrastructure

Nielsen: Virtual Banks to Become a Real Game Changer to Banking Industry Landscape

Banking Customers will Benefit From Attractive Services Emerging From Increasing Competition.

Kingsoft Cloud Enters Singapore Cloud Computing Market

Kingsoft Cloud has provided over 120 solutions for multiple industries including video, gaming, education, finance and real estate , which have been highly recognized by its clients and partners.

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

FinTech