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StanChart, IBM and AIG pilot blockchain insurance policy
Standard Chartered, IBM and American International Group (AIG) are piloting the first “smart contract” insurance policy that uses blockchain technology, according to a joint statement from the firms....
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Francesco de Ferrari: Credit Suisse PB’s new digital advisory platform is a...
Credit Suisse Private Banking plans to use its new digital advisory platform, CS Invest, to “tackle” the non-discretionary business in Asia, Francesco de Ferrari, head of private banking APAC and CEO...
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HNW millennials want personalised online wealth platforms that offer...
To cater to high net worth (HNW) millennials, wealth managers should focus on delivering personalised online platforms that present clients with global opportunities to generate social and financial...
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DBS Bank’s Hong Kong unit to host fintechs all year round
DBS Bank’s Hong Kong business will turn its global innovation programme aimed at supporting fintech companies and entrepreneurs into a year-round initiative, the bank said in a statement. “With the...
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Japan and Australia sign fintech agreement
Japan’s Financial Services Agency (JFSA) and the Australian Securities and Investments Commission (ASIC) have completed a framework aimed at promoting fintech services in both countries, according to a...
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FinTech Association of Hong Kong launches, aims to be an “umbrella” body
The FinTech Association of Hong Kong, which officially launched last night, “wants to be the umbrella for Hong Kong’s fintech society”, according to Marc Entwistle, a board member of the association...
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BNP Paribas WM’s co-CEO showcases new digital tools in Singapore
BNP Paribas Wealth Management’s co-CEO, Vincent Lecomte, was in Singapore today to showcase the private bank’s recently-developed suite of digital solutions that he hopes will shape the way it...
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Private banks debate the use of e-signatures in KYC process
Private banking COOs and risk heads at the Hong Kong Appway Sphere of Banking conference expressed caution when deating whether private banks should incorporate e-signatures into their KYC processes....
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Singapore signs fintech agreement with Denmark
The Monetary Authority of Singapore (MAS) has signed an agreement with its Danish counterpart aimed at promoting the development of both countries’ fintech industries, the regulator said in a...
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Julius Baer revises timeline for IT platform revamp in Asia
Julius Baer has refined the “go-live plan” for its IT renewal project in Asia, with the bank adopting a staggered rollout plan, according to an internal memo seen by Asian Private Banker. Julius Baer...
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Citi to shut 75% of South Korean branches amid digital and private banking push
Citibank Korea plans to cut three-quarters of its 133 branches in the country by the end of 2017 – a move that dovetails with the American lender’s push towards digital and private banking, according...
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Singapore proposes new cybersecurity legislation
The Ministry of Communications and Information and the Cyber Security Agency of Singapore (CSA) have put forward a proposed Cybersecurity Bill, which would empower the CSA to manage cybersecurity...
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Singapore signs fintech agreement with Thailand, updates banking supervision MoU
Singapore’s financial regulator has updated its memorandum of understanding (MoU) on banking supervision with Thailand’s central bank, and the two countries have signed a separate fintech agreement,...
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StanChart’s Gorriz: “Agile [tech] development is the new norm for banks”
Banks are changing the way they operate in order to adapt faster to the onslaught of fintechs in the region, according to Standard Chartered’s group chief information officer, Michael Gorriz, who says...
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A tech take on Indosuez WM’s CIC PB deal
Yesterday, Indosuez Wealth Management confirmed that it has reached an agreement to buy Crédit Industriel et Commercial’s (CIC) private banking activities in Asia. As evidenced by recent acquisitions...
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China’s Ping An says more than 70% of its core systems now in the cloud
More than 70% of Ping An Group’s core business systems have been “deployed on the cloud”, a feat that places the financial institution ahead of its Chinese rivals, the firm said in a presentation on...
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UBS WM uses Kowloon hub for second Asian fintech challenge
The launch of UBS Wealth Management’s second Future of Finance Challenge in Asia – which is being held at its Kowloon office in Hong Kong – is another sign of the bank’s innovation capabilities,...
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Another robo advisor catering to HNWIs goes live in Singapore
Singapore continues to prove itself a hotbed for robo advisory innovation, with another robo advisor catering to HNWIs having gone live in the Lion City today, the firm’s CEO tells Asian Private...
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Rivalry between SG and HK breeds uncertainty for PB-focused fintechs
Hong Kong and Singapore are caught up in a two-horse race to develop the most comprehensive fintech ecosystem and house the lion’s share of the US$22.2 billion invested in financial tech in Asia....
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UBS WM’s Samani on UBS Advice, app updates and fintech partnerships
UBS Wealth Management’s chief digital officer for APAC, Ketan Samani, tells Asian Private Banker about the Swiss major’s progress with its five digital initiatives rolled out over the past three years,...
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