Sophisticated core banking solutions key to speedy private banking integrations
Integration has proven a potent strategy for private banks to grow wallet share, and yet a number of crucial factors need to be considered for before making a final bid. According to one expert, the...
View ArticleDBS launches second accelerator programme
DBS Bank continues to strengthen its position as a technology incubator in Asia with the launch of its second accelerator programme for fintechs. After the success of its first programme, DBS...
View ArticleRBC WM’s emerging markets COO leaves
RBC Wealth Management’s chief operating officer (COO) for its emerging markets business is leaving, Asian Private Banker has learned. After four years with the Canadian lender, Samir Dewan is leaving...
View ArticleMaybank Private Wealth goes live with Avaloq
Maybank’s private banking arm has officially gone live with wealth management software provider Avaloq’s banking suite. The deal involves the introduction of a fully integrated solution for the...
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Standard Chartered PB goes big on digital
An increasing number of private banks are turning to technology as a differentiator. Dovetailing this trend with its pledge of US$250 million to build a single wealth management platform, Standard...
View ArticleChina’s Huatai Securities acquires American wealth tech solutions provider
Huatai Securities, a Chinese securities group with brokerage and investment services, has announced its acquisition of AssetMark, a wealth management technology provider previously owned by Aquiline...
View ArticleHSBC lays out Asia digital strategy
Following in the footsteps of other major players across Asia, HSBC is rolling out plans to ramp up its digital capabilities – and its retail and wealth management units in Asia take top priority....
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Meet Asia's only BPO centre that's dedicated to private banking
Gone are the days of desks stacked with young teleoperators, speaking politely to banking customers sitting kilometers away. Private banks are considering hanging up on the traditional business process...
View ArticleBoS to stick with Temenos post Barclays integration
While the granular details of Bank of Singapore’s (BoS) US$320 million purchase of Barclays’ regional WIM business have yet to be fleshed out, what is certain is that the Singaporean lender will stick...
View ArticleUBS Wealth Management to restructure, streamline IT
Wholesale restructuring remains an industry theme, with UBS Wealth Management planning to merge parts of its back and middle office functions to cut back on costs and streamline internal IT operations....
View ArticleLeonteq names new Singapore CEO
Leonteq has named a new CEO for its Singapore division, replacing David Schmid, who will return to Switzerland. Jeremy Ng, who joined Leonteq in May 2015 as deputy CEO, has been appointed CEO of the...
View ArticleOver 55% of trading app’s total revenues come from private clients
High net worth clients have responded positively to Saxo Capital Markets’ trading app, SaxoTraderGO, a year after it was launched in Asia, with more than 55% of its revenues coming from private...
View ArticleDBS, OCBC and UOB explore anti-money laundering collaboration
Singaporean heavyweights, DBS, OCBC and UOB, are currently in talks about creating a country-wide model for anti-money laundering (AML) and client data, according to media reports. The new shared...
View ArticleWelcome to WealthTech50 – Asian Private Banker's definitive guide to the Top...
Welcome to WealthTech50. Over the last two years, Asia has become a hotbed for fintechs and tech innovation, and the private banking industry has taken notice. Indeed, fintech investments in Asia have...
View ArticleRBC Wealth Management to consolidate platforms in Asia
Facing squeezed margins and tough competition, RBC Wealth Management is looking to consolidate its platforms in Hong Kong and Singapore into a single platform, Asian Private Banker has learnt....
View ArticleSingapore and UK enter fintech partnership
Regulatory bodies, the Monetary Authority of Singapore (MAS) and the United Kingdom’s Financial Conduct Authority (FCA), are joining hands to establish a channel for the exchange of information on...
View ArticleCredit Suisse rolls out compliance risk technology
Credit Suisse has turned to technology solutions provider AxiomSL to implement a liquidity reporting solution, as compliance and regulatory costs across the region eat into banks’ bottom lines....
View ArticleBMO Private Bank goes with Temenos in Asia
The private banking arm of Bank of Montreal (BMO) Asia Pacific has signed up with core banking system provider, Temenos, after a lengthy selection process. After what is believed to have been a...
View ArticleNAB’s US$50 million fintech fund makes first investment
The US$50 million fund set up by National Bank of Australia (NAB) to foster innovation in Asia will make its first investment in a Sydney-based data fintech, according to a release from the bank. The...
View Article"Personal accountability the order of the day", as BSI Singapore fiasco...
The MAS’ decision to shut down BSI Singapore yesterday sent shockwaves through the industry, forcing private banks to reassess their anti-money laundering (AML) controls, according to compliance and...
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