Financial Services News

London-based consultancy firm, Brand Finance, has released a global ranking report on the world’s most valuable technology brands, which included two Chinese fintechs in top ten positions. 

Taiwan’s Shanghai Commercial & Savings Bank (SCSB) would invest several million into Jerusalem-based start-up OurCrowd which would then expand its operating platform to Taipei.

The benefits of cloud technology as an enabler for the utilisation of various innovative offerings in the financial technology space could see it put as the forefront of necessary business strategy overhauls.

The Australian bank with the most digitally-active customers, ING Direct, has this week announced the launch of payments platform Apple Pay for its orange everyday customers.

A consortium of financial and fintech associations across the Asia- Pacific would contribute to a University of Cambridge / Monash University / Tsinghua University study on digital and alternative finance.

Insurance Australia Group has announced that it will launch an insurtech innovation hub in Singapore to draw on the country’s global networks and entrepreneurial citizens.

Online payments system giant PayPal has this week announced its intention to partner with Singapore Management University to provide a fintech scholarship worth SD$180,000.

Strict regulation has continued to discourage new attempts for mobile or online fintech start-ups in South Korea, which could slide from its spot as a leading innovator.

The Indian economy would need to protect itself inwardly from Cybersecurity threats and focus on transitioning financial systems into a progressive, cashless marketplace. 

The Monetary Authority of Singapore has announced the March formation of a Data Analytics Group to help unlock crucial insights in big data.

The unmet need for technology in the adviser space has made it difficult for the financial planning industry to develop in line with customer expectations, InvestmentLink believes. 

A new warning for Australian businesses to protect data with cyber insurance has emerged in the wake of a stream of Cybersecurity breaches.

New statistics from the Commonwealth Bank of Australia showed that the value of untapped innovation in Western Australia to be approximately $37 billion.

The accelerator program run through Singapore-based FinLab will open applications to Indian fintechs to offer the nation access to world’s best growth markets.

Malaysia will push forward with plans to invest further in Cambodia’s leading business sectors including ICT and finance.