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Regtech risks to rise in 2017, says law firm
Financial institutions including private banks face a number of risks when they ‘plug and play’ regtech solutions, cautions law firm Simmons & Simmons. “Despite the benefits that regtech...
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10 banks, 10 tech plays for 2016
This content is for subscribed members only. Visit the site and log in/register to read. The post 10 banks, 10 tech plays for 2016 appeared first on Asian Private Banker.
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NAB to launch API developer portal
National Bank of Australia (NAB) is launching an application programming interface (API) developer portal to encourage collaboration with developers and improve customer experience. The portal will...
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HKMA and banks team up to nurture fintech talent
The Hong Kong Monetary Authority (HKMA) has partnered with 11 banks, the Applied Science and Technology Research Institute (ASTRI) and a number of universities to launch a fintech programme for...
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PBs must increase data sanity checks: expert
Private banks that use big data must conduct more data sanity checks to eliminate errors, according to the head of a Hong Kong-based digital solutions provider. “Carrying out data sanity checks will...
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Top five tech glitches of 2016
Now more than ever, Asia’s private banks are talking tech and taking on ambitious projects that involve cutting-edge technologies such as artificial intelligence, robo advisory, mobile apps and...
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Private banks lukewarm on use of ROI metrics for tech investments
Private banking chief operating officers (COOs) and heads of technology are surprisingly nonchalant when it comes to measuring returns on tech investments, especially when rolling out new digital...
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Private banks shy away from fully-digitalised onboarding
Asia’s private banking COOs and heads of technology continue to rely upon manual or semi-automated client onboarding processes and are reticent to adopt a truly human-free – or digital – mode....
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BNP Paribas WM rolls out digital toolkit in Asia
BNP Paribas Wealth Management is in the process of rolling out new client-facing digital tools across the Asia and Europe markets, designed in the French lender’s four innovation labs in Brussels,...
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Top 5 Chinese fintechs to watch
China’s fintech community has attracted its fair share of attention from investors hoping to pick the next Alibaba, Baidu or Tencent; and though the market has largely been dominated by...
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The Final Word: Technology
(This article first appeared in Issue 106 of Asian Private Banker’s monthly print magazine, published in the first week of December 2016. This piece is part of The Final Word series, where top private...
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R3 LRC CEO: We are open to private banking collaborations
R3, the US-based blockchain consortium, believes the private banking market in Asia is a sector that could benefit from transparency and identity security, the firm’s CEO for the Lab and Research...
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Banks must first focus on fintechs that automate back-end processes: experts
Financial institutions – including private banks – must cut through the hype surrounding front office solutions that harness artificial intelligence (AI), robo advice, chatbots and robotics and...
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Bank of Singapore’s ex-tech head resurfaces
Bank of Singapore’s former technology and strategic programme head has resurfaced at a Singapore-based fintech, Asian Private Banker can reveal. Vincent Caldeira has joined Bondlinc as its chief...
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Fintech sandboxes and innovation labs must be more “inclusive”
Regulators and banks must find more ways to make their sandboxes and innovation labs more “inclusive” to be more than just a brand building exercise, said a panel of experts at Next Money’s Fintech...
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App chat: one-on-one with Bambu’s CEO
Private banking mobile and tablet apps are being rolled out in Asia with increasing frequency as banks pour more resources into their digital strategies. Asian Private Banker speaks to Ned Phillips,...
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More talk, less text: Will voice tech dominate front office tools?
Rapid advances in voice computing technologies could open up a ‘new’ area of innovation for private banks in Asia, especially for those whose client-facing apps remain in the early stages of...
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DBS account holders can now chat online with AI bot
POSB, part of the DBS Banking Group, has rolled out on its website and Facebook Messenger a virtual assistant called dVA, allowing customers to chat online with the bank. The chatbot utilises...
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BEA’s private banking app has “close to 100%” adoption rate among RMs
Bank of East Asia (BEA)’s private banking app for its relationship managers (RMs) has already raised productivity levels, with adoption rates nearing 100% in six months, Henny Chan, a senior business...
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Private banks, there’s a new robo advisor on the block
Private banks in Asia can now white label a new robo advisor app, Chloe, developed by fintech startup, 8 Securities. Chloe was first launched in Hong Kong in early December as a B2C solution for the...
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