The need for buy-in from financial professionals at the grassroots level is one of the greatest challenges for data technology, according to multiple industry leaders who cited issues such as power loss, data accessibility and corporate culture.
Hong Kong was dethroned as the costliest city for expatriates, according to a recent survey by Mercer, after holding the top rank for three years in a row.
For years Swiss private banks viewed the Asian market as their El Dorado, but the latest wealth trends show they may have to dig for gold somewhere outside their comfort zone.
More Chinese bitcoin miners are reportedly shifting operations to the U.S. after Beijing ramped up its crackdown against cryptocurrencies.
The initiative aims to foster deeper social engagements among local fintech professionals and corporates and enhance the vibrancy of the industry ecosystem.
Riding on strong growth in 2020, the company hopes to grow in the C2C and B2B segments by providing safer, cheaper, faster and seamless cross border, digital innovative payment solutions.
M&G Real Estate expands its business with two new appointments for its Asia acquisitions unit.
UBS has issued its first green bonds which it will use to finance mortgages for low-energy buildings.
The U.S.-based investment bank and financial services company has made two new senior appointments, including its first in APAC.
Credit Suisse bolsters its Indonesia private banking unit with the hire of a senior executive from Deutsche Bank, finews.asia has learned.
Total global wealth inched higher in 2020 despite the covid pandemic, according to a recent Credit Suisse report attributing the resilience to government and central bank actions.
France's AXA has agreed to sell its Malaysia insurance unit to Italy’s Generali.
The Zurich-headquartered asset manager is furthering expand its local presence, following the opening of a Singapore office in May.
The People’s Bank of China held a meeting with banking and payment giants to push for a greater crackdown on cryptocurrencies in the country.
NN Investment Partners has announced a push to increase focus on responsible investing in this region, and will be opening a responsible investing hub in Singapore.
Digitalization in the region has fuelled a flurry of outsourcing activities in the financial sector but both regulators and industry players are increasingly concerned about the risks involved, especially after recent headline security breaches.
The Swiss bank's fund clients are being kept waiting for repayments from a failed supply chain product. Credit Suisse's capital buffer doesn't allow many concessions.
The bank is launching a market place that for issuers to directly issue their own bonds connect with investors.
The republic lost its crown to rival financial hub Switzerland in IMD's latest «World Competitiveness Rankings,» as it slipped to fifth place overall.
Hong Kong digital bank Mox has hired a former executive from Standard Chartered in Singapore.
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