Mitsubishi UFJ will leverage technology to process 300 million pages of client documents to save it 505 years worth of time in the still paper-heavy financial sector of Japan.
Risk and uncertainty, as well as opportunity costs and momentum, are likely to support continued gold investment in the second half of 2020, the World Gold Council said.
China’s central bank reportedly issued regulations on the use of blockchain technology in finance less than a year after President Xi Jinping publicly encouraged more development in the area.
The Swiss derivatives boutique's profits collapsed in the wake of market ructions in the pandemic. It is also beefing up its top management.
The financial services industry veteran, who joins from rival J.P. Morgan Asset Management, brings a wealth of experience in the investment management industry and deep knowledge of key client segments in the region.
The bank's ventures and innovation platform is reportedly building a crypto custody offering for the institutional market, with a pilot planned for later this year.
The risk of emerging economies becoming «submerging» ones is real, said Monetary Authority of Singapore chairman Tharman Shanmugaratnam, who urged collective efforts to avoid potentially disastrous global consequences.
Wealth managers are promising their clients juicy returns with opaque private investments. They don't always have the niche expertise the $6.5 trillion market requires.
Four Swiss wealth managers are in the crosshairs in a messy U.K. lawsuit involving the former head of Kuwait's social security fund. At least one is disputing whether hundreds of millions in payments constituted kickbacks.
The bank will work with industry cloud software provider Infor to integrate digital trade financing capabilities into global supply chains.
The Swiss lender is Alibaba billionaire Jack Ma's house bank. But Credit Suisse is absent from the Chinese conglomerate's upcoming $200-billion listing of Ant Group.
The two digital payments and merchant commerce platforms have partnered to expand cashless payment solutions to offline SMEs and enterprises to accelerate digitization and growth post-Covid-19.
Alipay rolls out nose print recognition technology for cats and dogs as part of its newly launched medical insurance offering for pets.
Half-year profits for EFG's private banking and wealth management business in Asia Pacific were down 23.3 percent from the sixth months prior.
Unconstrained by social distancing, UBS Global Wealth Management in Asia Pacific capitalized on its digital capabilities and market dislocations to post record-high second quarter profits.
The Swiss private bank said first-half profit edged higher from pandemic-fueled trading. It stepped up measures to protect itself from the economic fallout further out.
A shifting mindset among first-generation business owners could mean fewer family-owned businesses in future.
The Swiss bank and Softbank are severing supply chain fund ties, finews.com has learned. The relationship had given rise to controversy.
«Fluctuat nec mergitur»: the Swiss supertanker is battered by the pandemic's waves, but never capsized. CEO Sergio Ermotti illustrates that boredom pays as he hands over a rock-solid firm to successor Ralph Hamers.
Japanese politicians are upping rhetoric and efforts to capitalize on Hong Kong’s woes and revive the nation’s former glory in the financial sector. Will they be a viable replacement hub?
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