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Avaloq’s Fernandez on the firm’s new private banking customers in Asia,...
Avaloq has added two more private banks in Asia to its roster of customers, the core platform provider’s group CEO, Francisco Fernandez, tells Asian Private Banker in an exclusive interview. In...
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Shared KYC utility coming soon to Hong Kong, says UBS’ Amy Lo
A shared KYC platform for banks operating in Hong Kong will be launched “very soon”, according to UBS’ Amy Lo, who adds that the utility will first cover corporate clients and SMEs and that the...
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Tencent signs strategic cooperation agreement with BOC
Tencent has signed a strategic cooperation agreement with Bank of China and Bank of China (Hong Kong), according to media reports. Just last week, the tech giant announced a major investment in China...
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SFC launches regulatory sandbox to promote fintech development
Hong Kong’s Securities and Futures Commission (SFC) has launched a regulatory sandbox for fintech initiatives, the regulator said in a statement today, adding that the platform will provide a...
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Credit Suisse PB goes live with Canopy after receiving “positive feedback”:...
Credit Suisse Private Banking has gone live with Canopy, its automated account aggregation and reporting solution in Singapore, six months after inking a partnership with the Singaporean fintech...
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OCBC, HSBC, MUFG and Singaporean regulator develop KYC blockchain platform
Amid much hype about how blockchain can be used to standardise know your client (KYC) processes, OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG) have teamed up with the Info-communications...
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Tencent plans to build “ecosystems” and SaaS solutions for financial...
Tencent is working on developing an “ecosystem” that will benefit both individuals and financial institutions including private banks, Daniel Hong, deputy general manager of Tencent Financial...
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MAS’ blockchain payment project progresses to phase two
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore’s (ABS) consortium with 11 financial institutions, which aims to develop an inter-bank payment system, has managed...
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Leonteq CEO steps down, former Asia head at Julius Baer joins board
Leonteq’s group CEO has stepped down from his role after a difficult year for the independent technology provider, while two new members – including the former CEO of Julius Baer Asia – have joined...
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UBS and Synpulse enter into structured products partnership
Synpulse, a private banking integration advisor, has partnered with UBS to spearhead its actively managed certificates (AMCs) platform, Asian Private Banker can reveal. The consulting firm will...
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Singapore’s new advisory panel on cyber security says “strong basic cyber...
At the inaugural meeting of the Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP) last Friday, sound data management and “strong basic cyber hygiene practices” were cited as...
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UBS WM goes live with global tech project, One WMP, in Hong Kong and Singapore
Four years after UBS Wealth Management first announced the global tech project, the bank has gone live with its One Wealth Management Platform (One WMP) in its Hong Kong and Singaporean booking...
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Hong Kong-based Privé Holdings acquires wealthtech firm
Independent asset management (IAM) tech specialist Privé Holdings has acquired a Singaporean fintech firm that specialises in providing an online marketplace for high net worth individuals, private...
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MAS’ Ravi Menon: KYC a “powerful application” of blockchain
The blockchain buzz continues to sweep through the region, with Monetary Authority of Singapore (MAS) managing director Ravi Menon praising the new technology and singling out the KYC process as one...
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HK and SG the “biggest part” of global tech project One WMP, says UBS WM’s...
The Hong Kong and Singapore phase of the bank’s One Wealth Management Platform (One WMP) project – which went live just three days ago – was the “biggest part” of the global tech initiative, Dirk...
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Blockchain consortium R3 gains “regulatory acceptance” with financial crime...
New York-based blockchain consortium R3’s successful integration of Accuity’s financial crime screening solution has helped it receive “regulatory acceptance”, which means it can assist financial...
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Banking on blockchain: Who are the key players?
The buzz around blockchain and its applicability within the banking world is growing louder by the day, and the bitcoin market’s barnstorming run certainly helps. Bitcoin, the digital currency that...
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When going offshore, Chinese private banks face platform pains
After racing to set up centres in Hong Kong and Singapore, Chinese private banks have found themselves challenged by technology-related legacy issues. Tech vendors tell Asian Privatie Banker that for...
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HSBC Private Banking to go live with core banking platform in Asia soon,...
Nearly four years after HSBC Private Banking signed an agreement with Avaloq to use its IT platform in branches around the world, the private bank is close to going live with the system in Asia. The...
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Avaloq’s BPO centre signs up another private bank in SG
Two years after Deutsche Bank Wealth Management agreed to outsource its back offices to Avaloq Sourcing Asia Pacific (ASAP), the tech firm has added another private bank, Asian Private Banker can...
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