Tranglo will facilitate cross-border remittances to users of Alipay, who will be able to receive quick and secure money transfers within the app.
Japanese online retail fashion tycoon Yusaku Maezawa will conduct the «social experiment» in a serious attempt to observe if the payments boost happiness.
Despite a historical slowdown and an ongoing landmark economic transition, the vast majority of ultra-wealthy Chinese families continue to invest with a bright outlook preferring against preservation-oriented strategies.
The new hires are all experienced relationship managers who've gained their experience at larger rivals.
Citigroup's investment bank plans to recruit 2,500 programmers this year as technology reshapes the business. The move should save as much as $600 million in 2020.
OCBC has hired former HSBC Greater China CEO to lead a new wholesale banking unit.
China Life internally appoints a 29-year insurance veteran to lead its business in Singapore.
The executive, who has been in the role for little over a year, has left the firm to «pursure other opportunities.»
The third-party payments industry in China has reason to cheer after authorities reversed a policy to allow them to earn interest on existing funds.
Beijing is one step closer to realizing its ambitions of «one code for all» with the integration of Tencent and state-owned UnionPay's user identification system.
The bank hopes to help startups and SMEs in the creative sector access capital by cooperating with homegrown digital lending platform Investree.
His election to the board of Credit Suisse may have gone by almost unnoticed in Switzerland. But Michael Klein’s business interests ranging from oil-rich Saudi Arabia to the U.S. philanthropists no doubt are top-notch.
Who emerged victorious from a major shuffle at the world's largest wealth manager, and who was left out in the cold? finews.asia parses who won and who lost in UBS' latest private banking revamp.
Iqbal Khan has presented his plan for wealth management at UBS after three months in charge of the business. A lot of the new moves are tried and test measures from his time at Credit Suisse.
The Asian investment management arm of Prudential, one of the region’s largest investment managers, has made two senior appointments.
Credit Suisse bolsters its equity capabilities with the establishment of a new Asia Pacific quant strategy team, led by a trio of former Deutsche Bank researchers.
The team behind the now-defunct «The Motley Fool,» one of Singapore's more popular finance blogs, has started an investment education website.
The bank has brought on board a financial and telecommunications services technology risk, regulatory and security leader to support its business, functions and regions.
Bank of China has been approved by Saudi Arabian authorities to open a branch in the kingdom, in yet another move towards further internationalization.
The strategic joint venture in Thailand between Julius Baer and Siam Commercial Bank has named a new chief executive, effective immediately.
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