The Australian Securities and Investments Commission has rolled out what it calls a unique waiver allowing fintechs to test financial products and services on retail clients.
The lines between finance and technology have been crossed again with news that Brisbane based finance group Suncorp has appointed a tech industry heavyweight to the newly created role of Chief Executive Officer - Strategic Innovation.
ANZ has hired the outgoing Commonwealth Ombudsman to lead a company-funded review into bank and financial services products.
Perpetual Investments,one of Australia's largest independent wealth managers, has named the ex Chairman of the Australian Securities and Investments Commission as chairman-elect.
Luxury sports cars brands like Lotus, Porsche, McClaren are beloved by hedge fund executives. But those driving an old beater are likely to be far more successful at generating alpha for their clients, a study shows.
Some of investors' worst fears came true this year, and yet financial markets shrugged and moved on. finews.com interviews Stephen Jones, the investment chief of Kames Capital on what that means for 2017.
The general counsel of GAM has decided to step down from the executive committee of the Swiss asset manager. The move is part of a string of changes within the company's management.
NEC Corporation has announced it is conducting trials for cashless payment services utilising its facial recognition technology in cooperation with units of the Sumitomo Mitsui Financial Group.
Australian banks Macquarie and ANZ will pay a total of $15 million in fines for attempting to act as a cartel over setting the benchmark rate for the Malaysian ringgit.
The investor communications and technology firm for wealth managers has expanded its Singapore operations with a senior appointment.
Five Credit Suisse investment bankers in New York are defecting for a «wunderkind» rival in the shadow banking sector. The move follows the Swiss bank's pullback from riskier activities which soak up costly capital.
Deutsche Bank is in tatters – today. But a renowned business consultant claims former CEO Josef Ackermann performed magnificently during his time at the German giant.
Renowned investment specialist Burkhard Varnholt is adding a high-profile role at Credit Suisse's Swiss bank to his job, displacing a veteran banker and one of the Swiss bank's prominent female executives.
A Silicon Valley executive nicknamed the «Bloomberg killer» is relocating to Singapore. The move aims to tap the hot Asian market as well as raise funding needed to expand.
Edmond de Rothschild said its head of asset management is leaving suddenly after just seven months in the role. His replacement is the Geneva-based bank's head of France.
Switzerland's Xavier Justo, a potential key witness in the corruption probe surrounding Malaysian state fund 1MDB, has been pardoned by the incoming king of Thailand. The Swiss citizen's lawyer expects him to be home for the holiday.
Andrew Tjia, Head of Private Banking, feels confident that VP Bank’s tailored offering, combined with its Asia-centric business model, are key differentiators in targeting High-Net-Worth-Individual clients in Asia.
Asia-based financial services group Nomura has launched a new wholesale fund for high net worth clients in Malaysia who meet minimum net worth or income thresholds.
Swiss private banks are snapping up executives from the luxury goods industry. What does the world of high-fashion, supercars, and fine jewelry and watches know that wealth management doesn’t? finews.com takes a look behind the scenes with two luxury executives.
Hong Kong's Independent Commission Against Corruption has confirmed that 29 serving and former employees of five financial institutions, including four banks, were arrested for alleged bribery.
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