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Pictet WM’s Haberer: Tech initiatives mean “a new environment” for clients...
Pictet Wealth Management’s various tech improvement projects will give clients in Asia “a new environment” from 2018, according to the firm’s APAC CEO, Claude Haberer. “At the end of this year, we are...
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C-suite execs must spearhead innovation, says UBS WM’s Ketan Samani
C-suite executives at banks, including CEOs, need to buy into technology transformation agendas if such programmes are to be successful, says Ketan Samani, UBS Wealth Management’s chief digital...
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HK’s fintech association inks agreements with Singapore, Switzerland and Taiwan
The FinTech Association of Hong Kong (FTAHK) has signed three memoranda of understanding in order to promote “the global fintech industry”, the firm said in a statement today. The FTAHK inked...
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Deutsche Bank WM makes two senior product hires in Singapore
Deutsche Bank Wealth Management (WM) has made two senior hires in the region to strengthen its product platform and support its growth strategy, according to a statement from the bank today. Wee Teck...
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Julius Baer’s IT platform revamp misses deadline but project remains “on track”
Julius Baer has again missed an internal deadline to implement its IT renewal project designed to boost efficiency and client service in the region, Asian Private Banker understands – the second delay...
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MAS’ Menon sounds caution on “current euphoria about fintech”
The Monetary Authority of Singapore (MAS)’s managing director, Ravi Menon, has said people should be wary of technologies such as peer-to-peer lending and cryptocurrencies amid what he calls the...
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Credit Suisse PB’s Christian Huber reveals digital platform updates and new...
Credit Suisse Private Banking has been working on a trio of tech-related initiatives, including upgrades to its existing digital platform and its new client onboarding project as well as plans to roll...
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BMO Private Bank sticks to timeline by going live with Temenos in Asia
BMO Private Bank has gone live with its core banking platform, Temenos’ T24, adhering to the timeline set by its APAC CEO, Monique Chan, Asian Private Banker has learnt. The Canadian private bank went...
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MAS introduces “deal day” for fintech event
The Monetary Authority of Singapore (MAS) will introduce a “deal day” to connect fintech start-ups and potential investors during its week-long fintech festival in the city-state this year. The second...
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Tech vendors say ‘Paradise Papers’ leak spotlights private banks’ struggle...
The rigour of KYC and client due diligence processes private banks in the region, – particularly when it comes to ultimate beneficial owners and politically exposed persons (PEPs) – is once again in...
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Private banking COOs change tune on shared KYC facilities
An overwhelming majority of private banking chief operating officers and heads of IT expressed enthusiasm when asked whether they would like to see a shared KYC network – a marked about-face from a...
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Bank of Singapore goes live in HK with client-facing app
Bank of Singapore has rolled out its digital app to its Hong Kong-booked clients, having launched it to for Singapore-booked clients earlier this year. “Since November 2017, [the app] has been rolled...
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Hong Kong’s private bankers turning to AI-driven tools to deal with...
Private bankers in Hong Kong, overburdened by the number of investment suitability checks they need to carry out, are increasingly turning to artificial intelligence solutions to cope, says George...
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Singapore and Poland regulators ink fintech cooperation agreement
The Monetary Authority of Singapore (MAS) and the Polish Financial Supervision Authority (KNF) have signed a fintech cooperation agreement, marking the 15th such agreement the Singaporean regulator...
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Singapore FinTech Festival: key announcements and initiatives
The end of this week marks the end of the “world’s largest fintech event” in the form of the Singapore FinTech Festival; and as one would expect, the city-state’s regulator, the Monetary Authority of...
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Private banking COOs expect to spend more on AML
An overwhelming majority of Singapore-based private banking chief operating officers (COOs) say that anti-money laundering-related spending will continue to rise in 2018, according to an Asian Private...
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Live “bots” up and running at Credit Suisse’s Asia private bank
Credit Suisse is employing live robots or “bots” within its private bank in the region to drive operational efficiency and reduce human errors, Christian Huber, Credit Suisse Private Banking’s APAC...
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HKMA offers meeting sessions to tech companies and banks for fintech supervision
The Hong Kong Monetary Authority (HKMA) has launched a Fintech Supervisory Chatroom to free up communication between the regulator and the city’s financial services providers and tech firms around the...
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DBS and IBM collaborate on RPA programme
DBS and IBM have once again joined hands, this time to work on what the Singaporean lender dubs a “digitalisation transformation” which will involve harnessing robotic process automation (RPA),...
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DBS Private Bank’s iWealth goes live in HK following upgrades
DBS Private Bank has gone live in Hong Kong with its updated digital portal, iWealth, after making a number of tweaks in November, Asian Private Banker has learnt. Five new features were added to DBS...
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