03/28/2018
UBank debuts Watson-based ‘RoboBrain’ for customer service staff
Virtual assistant allows staff to respond to customer enquires quicker
Innovation & Startups
03/27/2018
BBH ships risk management tool for asset managers
Asset managers increasingly require daily administrator oversight as they face the challenge of managing complex data sets amid more stringent regulations.
03/27/2018
Banco BNI Europa launches online account opening system through videoconference
The process is simple, fast and intuitive, without the usual bureaucracies associated with account opening.
03/26/2018
Schroders launches global in-residence programme for tech start-ups
Schroders is specifically targeting tech companies which have progressed beyond the conceptual or early-growth stage that offer solutions relevant to investment management.
03/26/2018
ADIB wins four awards at IFN Awards 2018
Best Islamic Private Bank, Syndicated Deal of the year, UAE Deal of the Year, and Musharkah Deal of the Year.
03/22/2018
JPMorgan Chase International chairman backs new non-anonymous digital currency
A new foundation bidding to build a non-anonymous, reserve-backed digital currency has added the chairman of JPMorgan Chase International and a Nobel Laureate to its advisory council.
03/21/2018
Robo-advisors, the new wave in FinTech - SGG Group
As the financial landscape continues to evolve in the light of the digital revolution, there is no doubt that robo-advice is here to stay.
03/21/2018
AlphaCore Capital launches new factorE wealthtech tool
AlphaCore Capital, a La Jolla-based wealth management firm, has launched factorE, a wealthtech tool powered by machine learning, designed to uncover the risks and exposures of multi-asset portfolios through visual simulations on a single interface.
03/20/2018
Finantix acquires Asian fintech start-up smartfolios
Finantix provides end-to-end digital wealth advisory services and hybrid robo-advisory solutions to wealth managers, top tier private banks and insurers in more than 40 markets.
03/20/2018
RBS works up plans for standalone digital bank
How RBS might brand and position any digital bank is unclear.
03/20/2018
Temenos reinforces presence in Belgium through partnership with Mainsys
Regulations, changing customer behaviors and the arrival of new fintech competitors are forcing banks to reinvent their business models.
03/20/2018
BNP Paribas leads $30 million round in AI firm Digital Reasoning
Founded in 2000, the firm moved into financial market in 2012, with clients including UBS and Point72 Asset Management, who use the company's Synthesys technology to scan internal e-mails in search of unfamiliar patterns between employees.
03/16/2018
Japan's megabanks all-in on automation to save labor, cut costs
MUFG's Bank of Tokyo-Mitsubishi UFJ introduced RPA systems starting in 2014.
03/15/2018
Open banking eases regulatory hurdles in fintech
As a small startup, we need to follow strict regulations. But established banks have resources that we can leverage on.
03/15/2018
ALM Intelligence Identifies Best Innovation Strategy Consultants
The most immediate repercussion is a ratcheting up of clients' prioritization of speed to measurable outcomes.
03/14/2018
Dublin-based insurance software company FRS opens in Hong Kong
"This marks a exciting time for the company as we expand further to service our clients in Asia’s thriving life insurance market”.
03/14/2018
The future of innovation is fintech – and long let the City’s dominance continue
Next week’s Innovate Finance Global Summit (IFGS), now in its fourth year, is a focal point for innovators to discuss the opportunities, challenges, and most importantly the new ideas for the fintech sector.
03/13/2018
MetLife invites insurtech startups to compete for $100,000 contract
The move follows two collab programmes in Singapore (2016) and Japan (2017), which attracted 250 applications from insurtechs in more than 35 different countries.
03/13/2018
Swarm launches first major update to Swarm Asset Management Network Alpha
Swarm, a blockchain for private equity and hedge fund investments, has launched the first major update to the Swarm Asset Management Network Alpha.
03/12/2018
Digital Disruptor Opens New Money Transfer Service To China
The expansion follows Azimo’s recent launch of fast weekend transfers to a number of countries including Nigeria, the Philippines, Bangladesh and Colombia, allowing money transfers to reach recipients in less than an hour even at weekends.