Financial Services News

The New Zealand Herald has termed fintech ‘the talk of the town’ across the ditch, with Kiwis focused on redefining the financial services.

A year since Westpac stopped its services to the remittance sector, the bank will launch a new service that will allow customers to send money overseas.

China’s state-run space program, among the most expensive in the world, could be the newest hotbed for venture capitalists and investors.

Samsung Pay users will now be able to link their Alipay accounts, as the South Korean giant looks to appeal to Chinese users.

Vietnam’s consumer finance loans, VietNamNet Bridge increased 1.5 times in 2015, according to the Vietnam Consumer Finance Report.

A Chinese medical services app has raised a total of US$500 million in a fund round set up in April last year.

Australia needs to increase its focus on specific fintech start-ups, similar to Israel and China, says Mike Baird.

Following on from their three-day Leaders Forum Business Summit, the AFA are pushing for advisers to place customers ahead by thinking about the adaptability of their practices.  

London-based global funds transaction network, Calastone, is expanding into New Zealand has recently carried out its first Australian transaction.

A flexible, cost effective version of a leading personal financial management (PMF) tool will be available next quarter.

The Oxford-Man Institute (OMI), the collaboration of Man AHL and Oxford University will open a learning centre for research into quantitative finance.

The private banking sector will evolve with fintech as face-to-face sales die down, says Ernst & Young’s Jeroen Buwalda.

Sydney-based fintech start-up, Birch Finance, has been inundated with requests after presenting at a launch in New York last week.

Malaysia smartphone app Curren$eek has taken the first place award at the Association of Islamic Banking Institutions Malaysia (AIBIM)’s fintech challenge.

The technology underpinning bitcoin and other digital currencies has become the Bank of Japan’s newest focus.