Financial Services News

Off the back of comprehensive reforms in the retail banking industry, Israel could now have the tools in place to become a significant global player in financial services and technology.

Using digital methods to gain information about clients is more consistent, scalable and result-orientated than traditional methods, according to Privé Financial.

Despite its high standing on the global fintech scene and ripe demand for cryptocurrencies, bitcoin businesses have faded in the Hong Kong market. 

Banks have been challenged to develop technology to more effectively fulfil their traditional role, but the move across could be a trial to their conservative history. 

ANZ has confirmed the appointment of Emma Gray to the newly-created position of chief data officer.

The New Zealand government has announced plans to partner with peak technology lobby, NZTech, to launch a fintech industry group for the nation.

Digital banking began to move into its second distinct phase in 2016 which would be categorised by collaborative innovation, digital ventures and partnerships.

The Monetary Authority of Singapore has announced that the Singapore Savings Bond program has exceeded $1 billion in outstanding amount across 37,000 investors.

Hong Kong-based blockchain settlements platform, OKLink, would launch in Vietnam in a bid to boost the nation’s economic development.

Delegates who gathered at Israel’s fourth Cybertech Conference in Tel Aviv last week have addressed the explosive increase in cyber risks including advanced hacking, data breaches, and digital theft. 

An automated solution would now be used to support the transfer of managed funds holdings across platforms.

China banks have topped the world in total bank brand value thanks to a lack of cynicism, an affinity for brands, and economic patriotism from consumers.

 The Tax Practitioners Board has released a guidance to assist tax professionals to understand their legal obligations around cloud computing.

Nominations for the inaugural Fintech Australia Finnie Awards have opened ahead of the gala night to be held in late May.

Indonesia’s Bank Central Asia has established a venture capital company which will collaborate with, and invest in, Asia-based fintech start-ups.