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Category: Finance

Retail Asia07/12/2021
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Finance

UBS Joins Hong Kong Covid Quarantine Payers

1min0
Swiss financial giant UBS is the latest bank to announce reimbursement plans for employees from Hong Kong’s strict 21-day quarantine for travelers. For full-time Hong Kong-based employees up to the executive director level, UBS will reimburse up to HK$2,000 ($256) per day to cover quarantine hotel expenses costs to «reunite with immediate family» outside of […]
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Retail Asia07/12/2021
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Finance

WeLab Acquires Indonesian Commercial Bank

2min0
Hong Kong-headquartered virtual lender WeLab has acquired Indonesia’s PT Bank Jasa Jakarta as part of broader expansion plans across Asia. A WeLab-led consortium Welab Sky raised $240 million which will be used to fund the transaction to acquire the Indonesian commercial bank, according to a statement, with J.P. Morgan acting as its financial advisor. Welab Sky […]
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Retail Asia06/12/2021
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Finance

Vietcombank Remittance Company bags two int’l awards

4min0
Vietcombank Remittance Company was awarded the “Excellence Money Transfer Company” and “Best Home Payment Service Provider” titles by U.K.-based Global Banking and Finance Review magazine. Global Brands Magazine (GBM) is a prestigious U.K. online publication and forum for top brands of the global business community. The winners are selected based on commitments and efforts in […]
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Retail Asia06/12/2021
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Finance

UBS Asset Management Names Sustainability Head

1min0
Swiss bank UBS is hiring a sustainable expert for its asset management arm. The experienced banker used to manage the investments of an Australian state. UBS asset management is appointing Lucy Thomas as head of sustainable investing, the bank said in an emailed statement. Thomas will lead sustainability and impact strategy and report to Barry Gill, head of […]
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Retail Asia03/12/2021
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Finance

DLA Piper Bolsters Asia Capabilities

2min0
The global law firm is has made a senior energy partner hire in Hong Kong. DLA Piper has appointed Russell Wilkinson as a partner in its Finance, Projects, and Restructuring (FP&R) practice, based in Hong Kong, the firm announced on Thursday. Wilkinson joins the firm from Baker Botts in Hong Kong, where he has been a senior […]
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Retail Asia03/12/2021
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Finance

UniTeller Grows Remittance Network Across APAC

2min0
The U.S. based cross-border and remittance payments processor is extending its remittance services to more customers in the Asia Pacific under a partnership with Tranglo. UniTeller has announced a partnership with Tranglo to further expand its services in 13 Asia Pacific markets, including Bangladesh, India, Indonesia and Nepal. The partnership will add more than 58,000 […]
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Retail Asia02/12/2021
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Finance

Chubb Appoints Division Head

1min0
The property and casualty insurer is bolstering its International Personal Lines (IPL) division in Singapore. Chubb has appointed Tulio Puente as division head of IPL in Singapore, effective 22 November 2021, the firm announced on Thursday in a statement. Puente, a former economist for the Central Bank of Mexico and in the telecommunications industry in China, joined Chubb in 2014 […]
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Retail Asia02/12/2021
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Finance

TripleA Wins Singapore Crypto License

1min0
The crypto payments firm is the fourth to receive a digital payments token (DPT) license in the city-state. The Monetary Authority of Singapore (MAS) has awarded a DPT license to TripleA, allowing the company to provide end-to-end cryptocurrency payment services, according to an announcement this week. Founded in 2017 by mobile and payments entrepreneur Eric Barbier, TripleA currently […]
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Retail Asia01/12/2021
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Finance

Swiss Re Extends Indian Technology Partnership

1min0
The reinsurer is tasking an Indian information technology company with the operation of its digital workstations. Swiss Re is extending its partnership with consultancy firm Tata Consulting Services (TCS) to manage its digital workstations. The multinational information technology services provider TCS will manage the reinsurer’s desktops and run these on Microsoft’s cloud computing service Azure. The […]
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Retail Asia01/12/2021
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Finance

Citi Posts Strong Institutional Business Growth in Taiwan

2min0
Citi’s institutional business in Taiwan saw a significant acceleration in 2021 with numerous transactions across industries including technology, consumer, renewables, and financial services. Citi’s Taiwanese institutional clients have been ramping up their efforts to take advantage of the growth environment in areas such as supply chain diversification. Taiwan is home to many world-class companies and […]
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Retail Asia01/12/2021
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Finance

Deutsche Adds Over a Dozen Private Bankers in India

3min0
Deutsche Bank Wealth Management has made a significant expansion in India with the hire of more than a dozen for the front office and product units. Deutsche Bank Wealth Management in India has made over 15 hires across relationship management and investment advisory join this year and early 2022, according to a statement. The business […]
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Retail Asia01/12/2021
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Finance

Singapore and Philippines Step Up Digital Payment Cooperation

1min0
The regional neighbors aim to boost cross-border collaborations that will strengthen Asean regional payments and provide financial inclusivity to Overseas Filipino Workers (OFWs) and micro-small-to-medium-sized enterprises (MSMEs). The central banks of Singapore and the Philippines have signed an agreement at the World Fintech Festival Philippines to boost payments cooperation, which includes the linkage of the two countries’ […]
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Retail Asia01/12/2021
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Finance

Binance Resumes Dogecoin Withdrawals

2min0
Binance has fully reopened withdrawals for cryptocurrency Dogecoin after a technical glitch that led to a heated exchange between founder Changpeng Zhao and Tesla’s Elon Musk. According to a blog post by the crypto giant, the glitch which prevented Dogecoin withdrawals for more than two weeks was an unlikely and unfortunate coincidence. No single entity was […]
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Retail Asia30/11/2021
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Finance

Linklogis Opens Singapore Office

2min0
The move advances the firm’s plans to open a digital bank in Singapore in early 2022. Linklogis, a key provider of supply chain finance technology in China with growing operations in Southeast Asia, has established a branch office in Singapore, the company said on Thursday in a statement. The company said it is looking forward […]
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Retail Asia30/11/2021
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Finance

PPRO Grows in Indonesia

3min0
The payments infrastructure provider has announced the integration of Indonesian «buy now pay later» (BNPL) pioneer Kredivo to its platform. PPRO is partnering Kredivo – one of Indonesia’s largest and fastest-growing digital credit platforms – to allow more merchants to reach a large pool of underbanked or unbanked Indonesians. The integration is a cooperation between PPRO, […]
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Retail Asia30/11/2021
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Finance

Multi-Currency Wallet YouTrip to Grow B2B Offerings

2min0
Singapore-based YouTrip aims to scale its product offerings, including venturing into the B2B payments space, and accelerate its expansion across Southeast Asia. YouTrip has raised $30 million in a Series A funding round driven by returning investors from major Asian family offices and prominent financial technology investors, bringing its total funding since launch to $60 million, […]
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Retail Asia29/11/2021
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Finance

Japan Consortium Plots Digital Yen

2min0
Participants include MUFG Bank, Sumitomo Mitsui Banking, Mizuho Bank, Japan Post Bank, Nippon Telegraph & Telephone Corp., East Japan Railway, and Mitsubishi, as well as local governments. The Bank of Japan, Financial Services Agency of Japan, and three ministries are observing its activities. Digital Currency Forum – a consortium of 74 Japanese firms – is […]
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