Online Wealth Mgt

Crushed By China’s P2P Crackdowns, Lufax’s Global Strategy Is Now Robo-Advisors

Just in March, Lufax had big aspirations towards launching an IPO that they hoped would raise its valuation to USD60 billion, a huge jump from when the company last valued at US$ 18.5 billion in 2016. Unfortunately, a rampant slew of Peer-to-Peer

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Robo-Advisor AQUMON, a HKUST Incubatee Receives yet Another Round of Funding

Designed by Magnum Research, Aqumon is a robo advisory service aimed at making wealth management more accessible to the Hong Kong public using artificial intelligence. The company recently announced that it has closed an undisclosed sum of financing from the

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Ant Financial to Share Full Suite of AI Capabilities with Asset Management Companies

At Financial announced that the Company will share a full suite of AI capabilities with asset management companies in China to support their digital transformation. Following its successful launch last year, Caifuhao, an AI-powered corporate account on the Ant Fortune

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Hong Kong’s B2B Robo Advisor Quantifeed Raises US$10 Mio, Expands to Singapore

Quantifeed, a B2B robo-advice provider for Asia, closed US$10 million in a Series B funding round. The investment is led by Cathay Financial Holding, Taiwan’s largest financial holding company, with participation from Legg Mason, the US-based global asset manager. The Series B round will

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Credit Suisse Pushes Fintech Digital Private Banking in Hong Kong

Credit Suisse announced additional enhancements to its digital private banking platform in Hong Kong, as client adoption and usage continues to increase. Based on its partnership with the fintech company Canopy, Credit Suisse has made the automated account aggregation platform

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Asian Robo Advisor 8 Securities to Receive Strategic Investment of USD25m from Nomura

8 Securities, a Hong Kong based robo-advisory and mobile trading services, announced that it has agreed to receive a strategic investment of USD25 million (Series C investment) from Nomura Asset Management. As part of the strategic partnership, 8 Securities and Nomura

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Singapore Robo-Advisors releases a Simplified-Chinese Version of its Platform

CONNECT by Crossbridge, a Singapore’s based robo-advisor, has celebrated Chinese New Year early with the introduction of Singapore’s first digital advisory platform in Simplified Chinese. The introduction of a Simplified Chinese version marks another milestone for CONNECT by Crossbridge which, in addition to

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Robo Advisors in Hong Kong

Robo advisors are taking off in Asia, attracting younger generations with digital, low-cost wealth management solutions. In Asia Pacific (APAC), China, Hong Kong, Singapore, Australia, South Korea, India and Taiwan are expected to lead the robo advisory arena with a

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Bambu wins Best of Show at Finovate Asia 2017

Bambu, the leading digital wealth company in Asia, won the Best of Show Award at Finovate Asia 2017 in Hong Kong, yesterday. Finovate is a series of conferences focused exclusively on showcasing the best and most innovative new financial and

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Fintech and Sustainable Investing Poised to Revolutionize Financial Services

Fintech and sustainable, responsible and impact (SRI) products are revolutionizing how financial services are delivered. These two sectors in particular have attracted massive investor interest and are poised to transform the way people invest and transact, according to a new

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