Wealth management stories
Australian investors' appetite for private US tech stakes has lifted NonPublic above USD $500 million in assets under administration.
The move puts AI agents at the heart of the bank software group's strategy as it targets faster service and more automated customer operations.
Firms in the region are moving beyond pilots, with 84% expecting AI to redefine roles and operations across their businesses.
The move strengthens DTCC's client-facing leadership as markets demand more support on trading, settlement and reporting complexity.
Despite near-universal AI plans, only 7% of wealth firms are building agentic systems, widening the gap between ambition and execution.
The tie-up could make private investments easier to handle for wealth advisers and asset managers as demand for alternatives grows.
Bravura is tightening links between regions as it seeks to help clients across Asia Pacific and EMEA navigate wealth software changes.
Users can now access stocks, gold and foreign exchange alongside crypto as the exchange pushes into payments, wealth and AI tools.
Record registrations underscore the Cook Islands' growing reliance on US-backed trust business, even as local staffing gaps widen.
Fresh capital will back fintech startups as banks and insurers speed up digital modernisation, with Portage now overseeing USD $7.0 billion in assets.
The hire signals growing pressure on wealth managers to adopt AI with tighter controls as firms look for clearer governance and oversight.
Rising trust registrations are forcing Cook Islands firms to invest in compliance, payments and cybersecurity systems to serve overseas clients.
Demand for AI and data skills is pushing up pay in Singapore, even as more employers plan wage freezes or smaller increases in 2027.
Customer concerns over fraud and regulation are shaping a cautious rollout, with the bank planning to start on its own digital channels in Hong Kong.
More than 800 staff will spend less time juggling systems as the bank shifts consumer and business account opening onto one platform.
Despite strong interest in AI shopping tools, most Singapore consumers want to approve each purchase themselves, a Global Payments survey found.
It aims to widen access to personalised money guidance as consumers increasingly turn to AI for budgeting, investing and tax help.
The bank's AI push aims to improve staff productivity and client service as it tests secure tools with Cohere and its Layer 6 unit.
Round-up saving has pushed more than 7,000 users towards retirement balances, with self-employed New Zealanders making up about a third of Feijoa's base.
Backing for Indonesia's digital payments push gives 01F Group a foothold in a market that could reach USD $1 trillion by 2030.