Wealthtech
10 Robo Advisors Democratising Digital Investing in the US$1.5B Singapore Market
Robo advisors have emerged as a game-changer in Singapore, transforming the way Singaporeans approach investment and wealth management. These digital platforms harness the power of algorithms and cutting-edge technology to provide personalised investment advice and portfolio management services, making investing
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iCapital Marketplace Debuts in Singapore and Hong Kong
iCapital, a global fintech firm, has introduced its iCapital Marketplace in Hong Kong and Singapore. This platform is designed to streamline access to a diverse range of alternative investments for wealth managers and advisors. By utilising the company’s proprietary technology,
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Bridgewise Lands US$21M Funding Led by SIX Group
Bridgewise, an AI-based analysis platform for global securities, has raised US$21 million in a new funding round, bringing its total funds raised to US$35 million. This investment round was led by SIX Group and joined by Group11 and L4 Venture
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Moomoo Singapore Reaches One Million Users in Three Years
Moomoo Singapore, an investment platform and wholly owned subsidiary of Futu Holdings, has surpassed one million users, just three years after its launch and initial expansion into Southeast Asia. According to Moomoo, among the various offerings that have garnered attention
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9Basil Acquires AlteriQ Global to Fuel APAC Private Credit Growth
9Basil Group, a Bangkok-based alternative investments firm, has acquired the boutique private credit platform AlteriQ Global, marking a significant expansion into the Asia Pacific private credit market. The acquisition deal includes a US$50 million capital commitment into AlteriQ to enhance
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SC Ventures and NEXT176-Backed Fintech Firms Set to Merge by Mid-2024
SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and NEXT176, the venture arm of the Pan-African group Old Mutual, have announced the launch of a new wealth management platform. This collaboration aims to make financial planning
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GROW with Singlife and AllianzGI Launch SGD-Fund Offering Monthly Dividends
GROW with Singlife, an investment platform under the homegrown financial services company Singlife, has formed a strategic partnership with asset manager Allianz Global Investors Singapore Limited (AllianzGI). This alliance aims to provide investors and advisors with robust wealth management solutions.
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UBS to Reduce Staff in Wealth Management Division Across Asia
UBS Wealth Management, the arm of UBS dedicated to handling affluent clients, has commenced a significant restructuring within its Asian sector. This initiative, primarily affecting its operations in Hong Kong and Singapore, is set to reduce its workforce by approximately
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JB Financial Group Acquires Minority Stake in Vietnamese Investment App Infina
South Korea’s JB Financial Group has announced a strategic acquisition of a minority stake in Infina, a retail investing application based in Vietnam. Under the terms of the partnership, JB Financial Group will initially acquire 3.9 percent of Infina’s shares,
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Tiger Brokers Singapore Unveils Debit Card with Instant Fractional Share Rewards
Xiaomi-backed online brokerage Tiger Brokers Singapore has collaborated with online money transfer service Wise to introduce the Tiger BOSS debit card. The debit card offers its users the opportunity to earn fractional shares with every dollar spent, which unlike cashback
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