In a new report KPMG predicts that by 2030 mass market retail banks will be largely invisible to consumers. According to this outlook large parts of the traditional bank will disappear.
On the back of a one month consultation on the proposed structure, Bank Negara Malaysia, Malaysia's Central Bank, has issued details of a new Regulatory Sandbox Framework.
After three years in senior management positions at BNP Paribas Securities Services and Credit Suisse, a former State Street veteran has returned to the firm to take up a senior role.
Intensifying its build-out in Asia, where the firm is experiencing high growth, Mutual fund manager Vanguard has announced changes to its Asia management team.
UBS is spending about 1 billion francs to overhaul the IT platform of its wealth management business in a bid to integrate the infrastructure.
In response to market demand for US and European investment grade credit product in the Asia Pacific, during regional trading hours, Credit Suisse has established a new dedicated credit trading desk in Hong Kong.
Goldman Sachs is said to be about to lose its Asia-Pacific Chairman. The move comes against a background of slowing activity in the region and an ongoing probe over its dealings with Malaysian fund 1MDB.
Societe Generale Corporate & Investment Banking has appointed a new Head of Global Finance for Asia Pacific. The incumbent relocates to London to take on the role of Chief Country Officer for the U.K.
Malaysian banking group CIMB and one of the largest Chinese securities companies, China Galaxy Securities, are negotiating a joint venture in the stockbroking business.
German lender DZ Privatbank will shutter its branch in Singapore, research by finews.ch revealed. The business in Zurich is also being considered by interested parties.
Tokyo based fintech asset management firm WealthNavi has raised more funding, but equally valuable it has gained access to a pool of over six million potential clients.
Sydney based Commonwealth Bank of Australia has selected Misys to provide cloud-ready, connected institutional banking technology solutions to support its banking services outside of Australia.
Wealth management in Asia is poised for a wave of digitalization. How can firms equip themselves? finews.asia spoke to Liew Nam Soon, managing partner for ASEAN financial services at EY.
The Australian Government has announced it will introduce legislation into the Parliament this year to mandate professional standards for financial advisers.
Fintech payments and currency expert, World First, has exceeded its expected growth rate, expanded market share and nearly doubled the number of employees in its Singapore unit. How did they do it?
Fidelity International has announced the appointment of a new Managing Director, Australia, based in Sydney. The new role will carry responsibility of reporting to regulators and critical industry bodies.
Financial services group Manulife has made an internal promotion for the role of Vice President and Chief Product Officer, Individual Financial Products, Hong Kong.
Following the launch of J.P. Morgan’s virtual branch in India last December, the bank has opened a virtual branch in Indonesia. Are more Asian locations about to be rolled out?
One of Australia’s largest independent wealth managers Perpetual Investments has appointed a new general manager of distribution.
Private banking business models are set for a wake-up call sooner rather than later, writes Michael Benz on finews.first, threatening an overhaul for the industry as a whole.
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