The program is part of the country's efforts to create a more prudent and inclusive supervisory framework for the fintech sector.
The two partners, which have worked together for more than 10 years, will refine client solutions and accelerate DBS Wealth Management's digital-led growth strategy using Avaloq's cloud-based platform.
The job cuts are part of a broader review that also affects Maybank Kim Eng's regional institutional sales and research, and Hong Kong investment banking and advisory businesses.
The digital wallet and fintech service for messaging app Line will allow people from Japan, Korea and Thailand to use their local mobile payment services when in Taiwan.
The crisis in Hong Kong is far from being resolved as China increasingly relies on its own economic prowess and needs Hong Kong much less as a door to the world, says Daryl Liew of Bank Reyl in Singapore, in an exclusive interview with finews.asia.
Asset management was turned from what used to be a problem child into a star performer within Credit Suisse’ wealth management division. Now it stands to grab much more of the attention than it used to at Wednesday’s investor day in London.
Swiss bank Vontobel is abandoning its divisions in a bid to sharpen its focus on clients. The move sparks major adjustments to its top management.
In its annual report titled: Top 10 real estate questions for 2020, the team at UBS Asset Management Real Estate & Private Markets looks ahead at the key questions facing the industry for the year ahead.
Rachel Chu may have stolen the heart of Nick Young in the movie «Crazy Rich Asians,» but in real life, Fintech insurer Singlife is the first Singapore brand to onboard Henry Golding as its brand ambassador to represent the brand in its upcoming campaigns.
Transamerica Life has announced a new program of marketing initiatives that have been created to provide its partners with insights, ideas, and resources to help them better serve the needs of ultra-rich customers.
UBS Optimus Foundation has established its first office in the city-state to expand its philanthropic offerings to clients in Asia. This is the foundation's seventh office worldwide and third in Asia, after Hong Kong and Beijing.
Citi and e-commerce platform Lazada Group announced the launch of the Citi Lazada credit card in Singapore on Monday. The new co-brand credit card allows millennial shoppers to enjoy the launch promotions and card benefits as they shop online during the year-end...
In preparing the groundwork for a new direction under its next chief, HSBC Holdings has started to reshuffle top management.
Swiss Re was mulling the future of its ReAssure unit since it canceled the IPO in summer. Now it has found a buyer for the U.K.-based business.
More and more individuals are taking advantage of the democratization of information, education and market access to achieve their own financial goals and impact and influence the society they live in, Kim Fournais writes in an essay for finews.first.
Under former UBS top banker Juerg Zeltner, KBL is hiring another top banker from the Swiss wealth management giant, finews.asia has learned.
Mitsubishi UFJ Financial Group’s recent consideration to charge fees on dormant accounts was not caused by the Bank of Japan’s negative interest rate policy, said finance minister Taro Aso.
China’s central bank injected 300 billion yuan in medium-term loans – a 60 percent year-on-year increase – though interest rates were kept unchanged.
The Securities and Futures Commission will waive licensing fees for the upcoming fiscal year as a «goodwill gesture» to support the industry as it undergoes economic turmoil.
A fintech incubator and accelerator has agreed to work with a Chinese venture capital firm to create more opportunities for investment and startup development between China and Switzerland.
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