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HK-based IAM adds security-focused fintech solution
Lioncrest Global, a Hong Kong-based independent asset manager (IAM), has partnered with a Canadian fintech firm to access its secure communication solutions. The IAM said today that it will use...
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Deutsche Bank’s Sudhir Nemali: “You need scale and a comfortable cushion to...
Deutsche Bank Wealth Management (WM) is making a string of technology-related investments to boost its bottom line in Asia, rolling out mobile apps, data analytics solutions and sales and prospect...
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Singapore and Japan enter fintech agreement
Singaporean regulator, the Monetary Authority of Singapore (MAS), and the Financial Services Agency (FSA) of Japan have established a fintech corporation framework to “enhance fintech linkages between...
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Senior management changes add further uncertainty to StanChart’s WM tech project
Standard Chartered has made a series of changes to its senior management team tasked with overseeing the bank’s US$250 million tech revamp, further fuelling speculation that the project dubbed...
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Most affluent Gen Y Aussies would bank with a tech giant
Australia’s traditional financial institutions could face a challenge from tech players in the future, with 84% of affluent ‘Gen Y’ Australians saying that they would bank taking their assets to a...
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Avaloq rolls out superannuation functionality with BT Financial Group
Avaloq, the global fintech firm, has introduced an Australian retail superannuation functionality within BT Panorama, a platform offered by the BT Financial Group and targeted at independent wealth...
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Regtech can relieve administrative burden facing PBs, says expert
The adoption of regulation-focused technology – or regtech – has the potential to “empower” frontliners at private banks in the region, who are increasingly complaining of being snowed under with...
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Singapore enters sixth bilateral fintech agreement
Singapore watchdog, the Monetary Authority of Singapore (MAS), has inked yet another fintech agreement, this time with France. MAS has signed an agreement with the Autorité de Contrôle Prudentiel et...
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HSBC makes cuts to Hong Kong tech team
HSBC laid off 120 employees sitting in its Hong Kong technology department, as part of a wider cost-cutting strategy, according to media reports. The bank told its staff that they were being let go...
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Citi launches its API platform in Hong Kong
Citi opened its application programme interface (API) to the Hong Kong developer community today, coinciding with the commencement of the bank’s HK FinTech challenge. Citi launched 13 APIs in Hong...
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Noah’s CFO foresees tech-driven consolidation in RM numbers
Shang Chuang, CFO for Chinese wealth manager, Noah Holdings, says that the adoption of fintech solutions by private banks will increase the efficiency of relationship managers, thereby leading to drop...
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StanChart PB launches digital RM tool
Standard Chartered Private Bank has rolled out ADVICE, a digital wealth advisory tool for its relationship managers (RMs), the bank said in a media statement. The platform allows Standard Chartered’s...
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App developer with bank clients officially launches in Singapore
A Singapore-based app development company, which has already started working with a number of banks, has officially opened its virtual doors for business, according to media reports. App Developer...
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Transaction monitoring may be ripe for automation, but no machine will beat...
Anti-money laundering (AML) officers at Asia’s private banks are warming to prospects of greater automation in their daily workflow, but remain wary of widespread adoption, according to a survey of 24...
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Julius Baer in “early stages of planning” for mobile banking platform in Asia
Julius Baer has launched a mobile banking platform in Switzerland with tech vendor CREOLOGIX, yet in Asia, the pure play is still in the “early stages of planning”, Asian Private Banker has learned....
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Online investing platform targets all accredited investors in Singapore
Jachin Capital, an independent fund manager based in Singapore, has received permission from the country’s regulator to offer its digital investing platform to all accredited investors in the...
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HK regulators aim to raise cyber security standards through consultations
With the SFC publishing a consultation paper aimed at tightening cyber security rules this quarter, private banks should review their client apps’ lines of defence. The SFC has emphasised the need for...
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Two senior DBS-ANZ integration project managers depart
DBS has lost two project managers who were overseeing the technology integration of ANZ’s Asia wealth and retail businesses, raising questions about the Singaporean bank’s ability to meet its...
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AI’s ‘black box’ methods stir scepticism among PB experts
It’s no secret that financial institutions in Asia have been bullish about artificial intelligence (AI) for some time, with private banks in particular looking to new technologies to assist in data...
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StanChart partners with robo advisory fintech
Standard Chartered has inked a proof-of-concept partnership with a Singapore-based B2B robo advisory firm, following the SuperCharger FinTech Accelerator 12-week programme. Bambu, a B2B robo advisory...
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