Online Wealth Mgt
Citi Launches Live Chat to Service Hong Kong’s 1 Million Millionaires
Citi Hong Kong has launched Citi Live Chat, which enables the bank’s relationship managers to interact with their Citigold Private Client (CPC) and Citigold customers more conveniently, without needing third-party platforms like WeChat. The platform allows customers to connect with
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Local Virtual Bank Neat, Scores US$3 M Funding Led by Linear Capital
Hong Kong-based challenger bank Neat, announced a US$3 million funding round led by China-based VC Linear Capital, an early stage venture focusing on data-driven startups. This brings the total funding raised by Neat this year to US$5 million. Existing investors
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Crushed By China’s P2P Crackdowns, Lufax’s Global Strategy Is Now Robo-Advisors
Just in March, Lufax had big aspirations towards launching an IPO that they hoped would raise its valuation to USD60 billion, a huge jump from when the company last valued at US$ 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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