Financial Services News

TheBank of China Hong Kong is part of a consortium which has signed a strategic cooperation agreement for the communications and technology industries.

Mitsubishi UFJ Financial Group has finalised preliminary approval for a branch of Bank of Tokyo-Mitsubishi in Saudi Arabia

Investor pressure to clear lower-returning assets has seen Australian banks cut their lending to Asian economies by AUD$24.3 billion.

Third party clearing agencies could be a thing of the past with a fintech company InPayTech’s launch of new technology for same-day superannuation payments.

Standard Chartered Bank and Allianz have this week announced a 15-year bancassurance agreement for the distribution of Allianz general insurance products.

Former Standard Chartered HK regional head of banking, greater China and north Asia – Mary Huen – has been appointed to the position of chief executive officer.

ANZ has announced the appointment of Sanjay Mathur to the position of chief economist, South-East Asia and India.

Following the successful launch of New Zealand’s first fintech accelerator last year, the country is strongly placed to continue its successful developments within the fintech industry and become a major player, according to Kiwibank.

MLC Life Insurance has today announced a new leadership team for its bancassurance, digital and direct division, following the recent partnership announcement between National Australia Bank and Nippon Life Insurance Company.

The South Korean Financial Services Commission has announced its intention to launch a blockchain pilot project in the next 12 months to service the country’s developing financial sector.

A blockchain incubator will open in India’s capital to provide three-month programs for blockchain-based start-ups to launch in South-East Asia.

Tokyo-based insurance firm, Fukoku Mutual Life Insurance, has announced the company’s intention to replace staff with artificial intelligence ‘robots.’

ING Direct has today announced the appointment of Melanie Evans to the position of head of retail banking.

Japan’s Financial Services Authority has this week confirmed that blockchain technology would be used as a trading platform to increase trade efficiency.

A consortium of state-owned Chinese companies and private enterprises has created an investment fund for fintech mergers and acquisitions.