Wealthtech

Robo Advisor StashAway Rolls Out Services in Hong Kong

Digital wealth management platform StashAway announced that it will now be available to Hong Kong residents and is licensed by the Securities and Futures Commission (SFC). StashAway is an investing platform that provides intelligent asset allocation with global ETFs for

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Cyperport Features Seven Startups in Wealthtech Demo Day

Hong Kong digital tech park Cyberport had organised a two-day WealthTech Demo Day in partnership with the Chinese Financial Association of Hong Kong (HCFA) and the Hong Kong Securities and Investment Institute (HKSI Institute) on the 22nd and 23rd March

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6 Digital Wealth Management Trends in APAC

In Asia Pacific (APAC), digital wealth management is poised for strong growth. Driving this momentum is the region’s rapidly growing affluent and middle-class populations, the high levels of access to mobile technology, and rising demand for sophisticated-yet-easy-to-use digital wealth management

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HSBC Invests Over US$3.5 Billion to Grow Its Wealth Business in Asia

HSBC announced plans to invest over US$ 3.5 billion in the next five years to accelerate the growth of its Wealth and Personal Banking (WPB) business in Asia. These investments will focus on expanding HSBC’s wealth teams to increase distribution

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AQUMON Bags ICBC Asia as Its First Banking Client for the Launch of Its SmartFund

Robo-advisor AQUMON has launched an algorithm-driven fund selector platform, SmartFund, which was first adopted by Industrial and Commercial Bank of China (Asia) Limited (ICBC Asia) in Hong Kong and made available in late 2020. SmartFund is a new generation big

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Robo-Advisor AQUMON Bags US$30 Million in Fundraising Round

Robo-advisor AQUMON, developed by Magnum Research, announced that it has closed its Series Pre-B round of funding with a total investment of US$ 30 million (HKD 233 million). AQUMON will use the funding to strengthen its brand awareness in the

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Robo-Advisors Poised for Growth in China

Though robo-advisors are relatively new in China, they are rapidly rising in popularity, with now roughly 38% of adult Internet users using automated, algorithm-driven financial planning services, according to 2020 survey from Kagan, a research division within S&P Global Market

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Wealthtech Firms Make Their Moves in Hong Kong

With shifting demographics, higher expectations and favorable regulations, wealthtech has become a rapidly growing industry around the world. In Hong Kong, the wealthtech industry is gathering more momentum this year with several notable developments being recorded since the beginning of

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Mainland China Pilots Cross Border Investments with Hong Kong and Macau

The People’s Bank of China, the Hong Kong Monetary Authority, and the Monetary Authority of Macao have implemented a pilot scheme called the Wealth Management Connect to facilitate cross-boundary investment by individual residents in the Guangdong, Hong Kong and Macao

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Avaloq Hires in Hong Kong to Strengthen Its Greater China Footprint

Avaloq, the Swiss-based provider of digital banking solutions, core banking software and wealth management technology, has appointed Pascal Wengi as Head of Sales for the Greater China region. He will be based in Hong Kong. Pascal Wengi joins from Crealogix,

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