Managers of Wealth Asia Pacific

Japan’s Second Largest Bank Invests in Ripple-based MoneyTap

Already Fukushima Bank and some other big banks have invested a huge amount in MoneyTap.

Stack Launches Asia’s First Bitcoin Index Fund

The firm hopes to surpass $2 billion in assets under management next year

Westpac VC Fund Invests in Indonesian Instant Credit Platform

Indonesia has the region’s largest internet economy, which is on track to cross $130 billion in gross merchandise value by 2025, up from $40 billion in 2019

Australia could take a big slice of the billion-dollar regtech pie — if, and only if, the government keeps up

These companies are about data rather than goods, services rather than products, and spaces rather than places.

KBank invests in digital core

New growth areas get B17bn until 2022

TSB issues warning over phone scam

Both customers and non-customers had been targeted and anyone who received a similar call should hang up straight away, Hooker said.

Open trade finance network – Contour, launched in Singapore

Contour delivers a network where trusted information is shared in real-time, effectively digitising Letters of Credit across all users in the transaction.”

Australian crypto exchange enters ‘progressive’ Singapore market

The move to the Southeast Asian country follows “a number of positive moves by Singaporean regulators, including the introduction of the Payments Services Act by the Monetary Authority of Singapore (MAS),” Przelozny stated.

VIETNAM: Start-up disburses $1.5M in microloans

Its app Spean Loan uses machine learning to build a credit scoring system and evaluate a client’s ability to repay.

Standard Chartered Invests in Documentary Trade Platform

It follows the full commercialization of Contour and the appointment of CEO Carl Wegner in January 2020.

Raffles Family Office to invest U$15m in HK's WorkTech for Asean expansion

It is planning to enter South-east Asian markets including Vietnam, Cambodia, Thailand and the Philippines, to build a cross-border community.

Open banking retains big four reign, crushes newcomers: Raiz

The company’s chief executive George Lucas said the political and regulatory environment has continued to create policy favoring the big four banks.

Singapore Helps Global Crypto Firms To Expand

Tokyo-based crypto exchange operator Liquid Group Inc and London-based Luno, which already operate in Singapore, are among the firms planning to apply for the licenses.

China warned not to rush into creating digital currency to rival Facebook’s Libra, instead join global debate

China has fast tracked development of its sovereign digital currency, but a former central bank deputy governor has urged China to think about its response

Japanese banks' fortress mentality puts them on trailing edge of fintech revolution

Japan is hoping for voluntary partnerships where startups help overhaul a stodgy industry hammered by years of negative interest rates, deflation and, for rural banks, depopulation.

Ibibo founder’s fintech startup INDwealth pulls in Series C funding

The company operates a financial advisory platform that uses AI and machine learning to allow users to manage their investments, liabilities, future cash flows and taxation.

Businesses Face a Digital Ceiling in Their Transformation Progress

The report, which surveyed over 1,000 executives globally, ranked the most digitally advanced companies as "Visionaries", followed by "Explorers" and then "Watchers."

Aberdeen Standard Brings Digital Advice to Australia

ASI will also provide a range of managed portfolio solutions on HUB24’s platform to help advisers meet client savings accumulation, investment and retirement income needs.

TONIK selects Finastra’s core banking solution to power Southeast Asia’s first pure-play licensed digital bank

TONIK to use Finastra’s Fusion Essence in the cloud to revolutionize banking in the Philippines

TradeTrust: Singapore and 16 companies back Perlin blockchain for global trade platform

They’re all rallying around an obscure blockchain company called Perlin that is building an open source technology.

FinTech