Wealthtech

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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Why South Korea’s Robo-Advisors Poised for Growth

Since 2016, South Korea has seen a horde of robo-advisors come on the market. As of June 30, 2019, more than 30 financial institutions had launched robo-advisor offerings, either by teaming up with other companies or by creating their own

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In Hong Kong, DBS Customers Can Open Their Wealth Account Using Only Their Smartphone

DBS Hong Kong has launched the first fully virtual wealth management account opening solution, allowing new customers to set up a multi-currency savings and wealth management account completely digitally, on their smartphone. The solution leverages technologies including instant identity verification, biometric

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Quantifeed Launches Robo Advisor in Hong Kong with Everbright Sun Hung Kai

Quantifeed, a provider of digital wealth management solutions, has partnered with Everbright Sun Hung Kai to launch a robo-investment solution. The new platform, called EBSHK Direct AI-Portfolio Investing, enables retail investors in Hong Kong to easily access a diverse set

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A Look at Line and Nomura’s Zero-Commission Online Brokerage in Japan

Line Securities Corporation, a joint venture between Asian financial services group Nomura Holdings and Line Financial Corporation, the financial services arm of Internet firm Line Corporation, has launched a new mobile investment service targeted at younger, digital-savvy generations. The new

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Credit Suisse Collaborates with HK-Based Prive to Enhance Its Digital Offerings

Credit Suisse today announced a collaboration with Privé Technologies (Privé), a Hong Kong-based digital wealth management solutions platform provider for financial institutions, to provide External Asset Managers (EAMs) access to better wealth management technology solutions. The collaboration with Credit Suisse

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