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Category: Finance

Retail Asia25/01/2022
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Finance

Accenture Plans Major Zurich Campus

1min0
The consulting firm plans to expand its activities in Zurich to house more than 1,000 people. The move is sparked by a pandemic-induced change to working ways. Accenture will build a more than 9,000-square-meter hub in the heart of Zurich’s banking district, it said in an emailed statement on Tuesday. The new space will house […]
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Retail Asia21/01/2022
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Finance

Julius Baer Taps UBS for Spanish Team

2min0
The Swiss private bank is expanding in Madrid with a bid to win more Spanish independent wealth managers. Zurich-based Julius Baer is hiring Claudia Linares to development business in the market with Spanish intermediaries, it said in an emailed statement on Thursday. She held a similar role at UBS in Madrid for the last four years. Jorge Saavedra Doménech and Carlos […]
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Retail Asia20/01/2022
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Finance

Investing in Space Has Long-Term Potential

4min0
We choose to go to the Moon in this decade and do the other things, not because they are easy, but because they are hard, exclaimed John Fitzgerald Kennedy in 1962. Today, despite the hardships and challenges, there are myriad private operators striking out to conquer New Space, Space 2.0. Pioneering companies are emerging in […]
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Retail Asia17/01/2022
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Finance

Asia Commercial Bank has new CEO

1min0
Deputy CEO of Asia Commercial Bank (ACB) Tu Tien Phat became its CEO Friday, replacing Do Minh Toan who led the bank for more than nine years. Before his appointment as CEO for the 2022-2025 term, Phat was ACB’s Deputy CEO cum head of retail banking since 2015. Phat, born in 1974, has an MBA […]
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Retail Asia14/01/2022
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Finance

Swiss Advance in Central Bank Digital Money Push

3min0
A group of commercial and public institutions got together to see how tokenized financial assets based on distributed ledger technology work with today’s banking systems. A project involving the Swiss National Bank, the Bank for International Settlements (BIS), the Swiss Securities Exchange SIX and five commercial banks to test the integration of a national digital currency […]
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Retail Asia13/01/2022
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Finance

Revolut Expands as a Bank

2min0
Europe’s most valuable fintech has already amassed 18 million app users worldwide. Some of those are about to become bank customers. The London-headquartered neobank is launching as a bank in ten additional European markets, lifting the number of countries it operates in to 28, it said in a statement. The challenger bank can now protect client […]
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Retail Asia13/01/2022
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Finance

Crypto Bank Raises Money for Foreign Expansion

1min0
Seba is raising nearly $120 million, in a bid to fuel its expansion outside of Switzerland. Zug-based Seba raised 110 million Swiss francs ($118 million) from a host of new and existing investors, it said in a statement on Wednesday. The round was significantly oversubscribed, with demand far exceeding the initial funding target, the fledgling bank said. […]
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Retail Asia12/01/2022
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Finance

UBS Digital Expert Exits for Fintech Role

1min0
The digital expert who jump-started UBS’ platform plans is leaving for a job at a Swiss financial start-up. Martha Boeckenfeld is exiting at UBS, where she has was brought in as head of digital platforms and marketplaces in Switzerland over two years ago, finews.com has learned. The 56-year-old German native will join the advisory board of Gentwo, a securitization […]
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Retail Asia12/01/2022
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Finance

Security Hot Spot: Bankers’ Phones

5min0
Uncertainty over the use of private mobiles for work is rife as banks request access to employees’ phones and authorities clamp down on documentation lapses. It’s time to look at where the dangers lie in using our personal phones for work after recent events, including J.P.Morgan’s $200 million dollar fine for not documenting conversations conducted […]
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Retail Asia12/01/2022
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Finance

Swissquote Buys Luxembourg Lender

1min0
The Swiss digital bank is buying a bank in Luxembourg, in a bid to tackle the wider European market. Gland, Switzerland-based Swissquote is buying Keytrade Bank in Luxembourg, it said in an emailed statement on Wednesday. Neither bank disclosed the financial details of the deal. Twenty-three-year-old Keytrade has 1.7 billion euros ($1.9 billion) in client […]
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Retail Asia11/01/2022
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Finance

New Ticino Bank Launches

4min0
Banca Generali’s new Swiss unit appoints an experienced banker as CEO, another sign of the recovering prospects for Lugano’s financial hub. The recent appointment of Renato Santi as CEO of Bank BG Suisse is just the latest sign of a budding recovery in the region’s financial industry. According to official records, the Swiss unit of Italy’s Banca […]
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Retail Asia10/01/2022
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Finance

Hong Kong Sends Bankers Home

2min0
Tighter government COVID-19 restrictions from Saturday already prompted UBS and other banks to re-impose workplace limits. The Hong Kong government yesterday announced a raft of new COVID-19 restrictions yesterday following a number of untraceable Omnicron variant cases, a step that is already prompting UBS and other banks to ask bankers to resume working from home. […]
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Retail Asia10/01/2022
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Finance

Bitcoin Suisse Taps Ex-UBS Banker as CEO

3min0
The Swiss crypto broker’s CEO is stepping down after four years. His replacement is an ex-UBS banker well-known for his technology expertise. Arthur Vayloyan is stepping down as CEO of Bitcoin Suisse at the end of March, the Zug-based crypto firm said in a statement on Friday. He will be replaced by Dirk Klee, effective April 1. Vayloyan will remain one […]
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Retail Asia05/01/2022
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Finance

Vietnam stock market 7th biggest gainer globally

1min0
Vietnam’s stock market was the seventh biggest gainer last year at 35.7 percent, outperforming regional peers, as new retail investors rushed to a new asset for profit. With the benchmark VN-Index rising 394 points to close the year at 1,498 points, Vietnam listed among the top 10 gaining stock markets in the world with Abu […]
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Retail Asia05/01/2022
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Finance

Bitmex Announces CEO for Swiss Business

1min0
After announcing plans to expand in Switzerland, the trading crypto exchange has now found someone to lead its Swiss business. Seychelles-based Bitmex is appointing Ivo Sauter as chief executive of Bitmex Link Switzerland, according to his Linkedin profile. Sauter joins the crypto trading exchange from Gazprombank where he worked as a chief digital, transformation, and strategy officer. […]
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Retail Asia31/12/2021
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Finance

Exynos 2200 finally has a reveal date

3min0
Samsung has finally announced a date for the reveal of the in-house Exynos 2200 chip that will likely power the Galaxy S22 series. Samsung and AMD have been working on a GPU for quite some time and it will be integrated into the South Korean giant’s next flagship chip. According to a new rumor, the GPU […]
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Retail Asia30/12/2021
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Finance

Netstars Vietnam partners with M-service to promote non-cash payment for TeteShop users

2min0
Netstars Vietnam will cooperate with Mobile Online Services JSC (M service) to provide grocery stores with payment solutions both online and offline. The collaboration agreement signed by Netstars Vietnam Co., Lt (Netstars Vietnam), a member of the multinational fintech startup Netstars, and M service, a leading fintech company that operates the Momo super app in […]
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Retail Asia22/12/2021
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Finance

Crypto Pi app disappears from Google Play Store

2min2
Cryptocurrency mining app Pi Network has disappeared from Google Play Store for Android devices, making investors concerned about the future of the project. “I cannot download the app. I am worried all my mining efforts up until now would be thrown away,” said Le Tu in the southern province of Dong Nai. The Pi Network […]
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Retail Asia22/12/2021
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Finance

BNP Paribas Left With Cash After U.S. Exit

1min0
BNP Paribas is exiting its U.S. retail business providing its expansion plans with a financial boost. The French bank is selling its U.S. Bank of the West – for $16.3billion to Bank of Montreal, it said in a statement Monday With the sale proceeds BNP Paribas could be on the lookout to buy a smaller tech […]
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