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Five tech predictions for private banking in 2017
2017 promises to be a year of technological reassessment and reinvention for Asia’s private banking industry. So what’s in store? Here are five Asian Private Banker predictions: Voice technology will...
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Outsourcing may be key to growth for smaller private banks
Can private banks in Asia with US$10 billion in AUM can grow organically? Apparently so, according to consulting firm, Synpulse, which maintains that a private bank with US$10 billion in AUM and a...
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Contineo rolls out data analytics tools for RMs, continues to onboard private...
Contineo, the Hong Kong-based structured products platform, has launched its data product for its growing network of private banks. The post Contineo rolls out data analytics tools for RMs, continues...
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StanChart PB & WM’s US$250 million tech revamp: what’s the status?
It has been 15 months since news of Standard Chartered’s US$250 million pledge to revamp its private banking and wealth management platform made headlines. The hefty investment was part of a...
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Deutsche Bank WM unveils two RM-focused apps in Asia
Deutsche Bank Wealth Management (WM) has kept its promise to ramp up its front-office digital offering by unveiling two relationship manager-focused mobile apps in Asia, Asian Private Banker can...
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MAS chief highlights growing significance of tech risks
“Technology risk management is an increasingly important dimension of our supervisory regime,” said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), highlighting the growing...
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Singapore-based WM fintech raises US$705,000
A Singapore-based fintech firm which focuses on wealth management has pulled in US$705,000 in funding from investment firm Vulpes, fintech company Privé Holdings and two other unnamed investors....
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High tech costs pushing private banks to exit, says UBS’ Shih
Rising tech-related costs, driven in large part by regulatory developments and the tech-savviness of investors, are forcing private banks to rein in expansion ambitions, says Kathy Shih, president of...
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DBS makes tweaks to its wealth management app
DBS has made enhancements to its wealth app, DBS iWealth, adding a string of new functionalities for its wealth management clients including those serviced by the private bank, according to a...
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MAS steps ups data vigilance with new data analytics group
Singapore regulator, the Monetary Authority of Singapore (MAS), will launch a Data Analytics Group (DAG) next month to help monitor the city-state’s financial institutions as they move towards a...
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Standard Chartered Private Bank: Fintechs can boost SRI investments
The marriage of two nascent but increasingly popular concepts among Asian HNWIs – fintech and SRI (socially responsible investing) investing – could lead to new and cost-effective ways for private...
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Client acquisition costs “too high” for pure plays, says fintech CEO
The cost of acquiring a client for pure play private banks has become “too high”, according to the CEO of Singapore-based fintech, WEALTH, Dominic Gamble. “Typically, salaries at pure plays factor in...
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Structured product execution desks are here to stay, say industry experts
Industry experts say that structured product technology platforms have “empowered” execution desks rather than erode or replace them, downplaying fears surrounding the uptake of automated solutions...
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Singapore outpaces Hong Kong in private banking tech hires
Private banks in Singapore were heavier tech hirers in 2016 when compared with their Hong Kong peers, Asian Private Banker data indicates. An overwhelming 82% of COOs and IT heads polled at Asian...
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Three of Asia’s top 10 fintech deals in 4Q16 wealth & investment...
Three of the top 10 fintech deals in Asia in 4Q16 were wealth/investment management related, the total deal value reaching US$165.1 million, according report released by KPMG. The biggest of the three...
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Credit Suisse PB partners with fintech to launch aggregator, and rolls out...
Credit Suisse has partnered with Singapore-based fintech startup that specialises in automated account aggregation and reporting solutions and rolled out an automated client onboarding tool to...
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BoS’ global tech head says pulling off Barclays acquisition and multiple tech...
In addition to a 74% acquisition of Barclays total Hong Kong and Singapore AUM, Bank of Singapore also embarked on a tech revamp which included the integration of six major platforms in 2016 alone....
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Deutsche Bank WM goes live with FinIQ-developed structured product app
Deutsche Bank Wealth Management (WM) has officially gone live with its structured product app, ECQ Pricer, according to its structured product software provider, FinIQ. “The simplicity and convenience...
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Crossbridge Capital rolls out digital onboarding function for robo-advisor
Singapore-based independent asset manager, Crossbridge Capital, has added a digital onboarding function to its robo-advisory solution, CONNECT By Crossbridge platform, the firm announced today. The...
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Vontobel Financial Products hires ex-Goldman Sachs banker
Vontobel Financial Products’ Asia division has added a former Goldman Sachs banker to its team, Asian Private Banker can reveal. Sebastien Moretton has joined Vontobel Financial Products in Singapore...
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