Managers of Wealth Asia Pacific

Virtual banks on the rise

As digital banks start operating in Asian markets like South Korea and Hong Kong, there is a lot of promise as well as challenges arising from this new type of financial firm

Aussie robo eyes Thai market

Sydney-based Raiz Invest aims for expansion in Southeast Asia, but does not have any intentions of tapping the Hong Kong and Singapore markets.

STAR Market tech board offers hope to Chinese venture capitalists

Listing closer to the investor base is also easier “because there’s no language barrier or time differences,” Shen added.

RCBC leads the way to open banking in the country

To get all these and other “perks”, most financial institutions would require one to become their preferred client.

Q2 2019 Cryptocurrency Anti-Money Laundering Report

Rivalling robberies in the first quarter, hackers stole more than $124 million from exchanges and infrastructure in Q2, making a total of $227 million stolen from exchanges so far this year.

Overseas Filipino Bank to become first digital lender in PH by 2020

The digital OF Bank will also provide a platform for bills payment, Borromeo said.

Hong Kong’s financial technology is getting traction

The HKMA has also opened an application programming interface to enable startups to develop their own applications (apps).

Zheshang Fund Aims to Launch China’s First AI-Managed Mutual Fund

China’s unique social and political risks also lend themselves better to human analysis under certain circumstances, industry insiders say.

China Cybersecurity and Data Protection: a major overhaul of the proposed data localisation regime

If enacted, the 2019 Draft Measures will have a significant impact on the way that personal information export is regulated and will increase the compliance burden for both domestic and overseas companies that collect personal information from China.

China’s central bank digital currency is “ready” after 5 years of development

According to Changchun, the currency has been in the research and development phase since 2014.

InfoTrack named a top 10 leading innovator in technology

The award measured top innovation initiatives implemented in the last 12 months.

Personal finance platform CompareAsiaGroup raises $20m

This will provide the finance platform with access to Experian’s Digital Onboarding Platform, Decision Management and Eligibility Scoring services.

Deutsche Bank rolls out digital signatures for Asia Pacific clients

“This development also aligns with our corporate focus to drive digitalisation in our processes” added Lui.

Singapore's Digital Banks: Davids vs Goliaths?

The country's easily accessible digital infrastructure has also enabled traditional banks to deploy sophisticated solutions that are often the strength of digital banks elsewhere.

Click bots are the biggest fraud problem in fintech in SEA

The financial sector is the most exposed to ad fraud due to the high pay-out it offers and its popularity as the third-largest app category.

Fintech non-bank lender Ebury enjoys rapid growth, opens Melbourne office

Support from customers was so strong that Australia could become the number three market for Ebury trade finance globally, according to loan value, by 2020, he said.

PT Bahana TCW Investment Management Automates Investment Operations with SS&C PORTIA

“We continue to invest in product development and market expertise to remain a leading solution provider in APAC.”

Masayoshi Son hurries out Vision Fund 2 before market turns

SoftBank founder does not want to see high valuations of investments cut

Fintech Platform Acquires Securities Firm

The acquisition «enhances the Group’s leading position in the alternative lending market and enables us to immediately ramp up our engagement with sophisticated investors via debt securities fundraising and credit fund management,» Helic

The Pulse of Fintech H1 2019

The fintech market in most areas of the world remained relatively strong and well poised for growth.

FinTech