The U.K.-based financial software company is ramping up its innovation and open cloud strategy to transform finance in Asia Pacific.
Baillie Gifford becomes the latest foreign asset manager seeking to capitalize on the estimated $2.6 trillion mutual fund market in mainland China.
Retired real estate billionaire Ren Zhiqiang and fierce critic of Chinese president Xi Jinping has been sentenced to 18 years in prison alongside a $620,000 fine over multiple corruption charges.
The Financial Services Development Council has formed a working group to make recommendations to upgrade the Hong Kong’s cross-border «Stock Connect» schemes with the addition of new derivatives linked to mainland shares.
The wealth gap between rich and poor countries has widened again, with the difference in net financial assets per capita increasing to 22 times, up from 19 times in 2016, according to a new report.
The bank is revising how it awards bonuses to its private bankers. CEO Philipp Rickenbacher is severing a correlation between pay and past failures in fighting money laundering.
The refreshed app, which builds on Singapore's payments infrastructure, now allows real-time money transfers via PayNow for DBS PayLah!, OCBC Bank and Standard Chartered customers.
Interactive Brokers, a global trading platform with a presence in Singapore and Hong Kong, is moving to protect its business in the run-up to the U.S. elections in November as it expects a surge in volatility.
Under the memorandum of understanding (MOU), the two sides will collaborate on a range of initiatives that harness digital technologies to better serve customers and suppliers.
Momentum for a tie-up between Switzerland’s two largest banks has reportedly slowed since the summer holidays, boosting the possibilities for other merger targets.
Westpac will bring an end to the money laundering scandal involving 23 million breaches, including payments between known child exploiters, by paying a record payment for settlement.
Singapore-based Syfe has closed one of the largest Series A funding rounds raised by a Southeast Asia-based start-up in 2020.
The global consulting, solutions and managed services provider has appointed an experienced executive who will focus on opportunities to drive expansion and growth of its footprint in Asia.
Bank of East Asia stays on course in its plans to explore a sale of its life insurance arm which could raise up to $600 million.
Singapore Exchange and the National Stock Exchange of India are putting an end to a multi-year dispute on derivative trading and launching a cross-border training link.
The bank's securities brokerage is working with the financial markets technology services provider, which will provide managed services and support for its new trading platform.
The financial technology company's new head of Asia Pacific will lead the growth strategy for its expanding Asia Pacific business.
UBS Chairman Axel Weber has performed a perfect u-turn with his wish for a mega-merger. His reasons are understandable even as the chances for the plan to make UBS a European champion seem slim.
The war for talent in mainland China is intensifying as a handful of global financial institutions look to capitalize on China’s historic market opening.
UBS Chairman Axel Weber is said to have plans for turning Switzerland’s largest bank into a European champion – and even a merger with Credit Suisse seems on the table. CEOs Sergio Ermotti and Thomas Gottstein today had their say.
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