The Fintech and Proptech Fellows of Fusion Startup Accelerator

With over 250 people in attendance, the startups from the Class of 2017 presented their achievements midway into the programme. Fusion presented the results of the 3 vertical global ecosystem accelerators and blockchain initiatives to boost Switzerland’s tech and startup scene.

After 6 months of intensive mentorship, insightful sprints, pivoting, hard work and acceleration, the startups were ready to pitch in a room full of Investors, senior corporate executives, Academia, Mentors & members of the Press.

Fusion runs Acceleration, Incubation & Venture building programs for corporate innovators & founders, partnering with leading corporate & strategic investors to drive venture growth & breakthrough innovation.

Among Fusion’s corporate partners supporting the ecosystem are Investis Group, Notz Stucki, Temenos, FTI, Swisscard, and Mobiliere.

The Journal of Alternative Investment

The Abstract
The recent rise of robo-advisors (RAs) has threatened the traditional fund and wealth management industry. RAs’ assets under management (AUM) have risen manyfold through competitiveness on pricing, transparency and services and better expected returns linked to the use of quantitative finance and technology with less subjective human intervention. This article examines the postulation that RAs have an edge over traditional wealth managers. RAs can combine the judgement and computing resources of both human and machine, or bionic power, to provide alternative wealth management services to meet the diverse needs of private wealth clients. However, the authors expect traditional wealth managers to respond by providing new and improved customized and integrated services at competitive fees.

Fintech Startups in Asia Switzerland Should Watch Closely

Asia is witnessing a strong increase in fintech investment as overseas investors search for opportunities in emerging markets and as western banks look to bolster their presence in the region.

In the first quarter of 2018, investment into fintech companies in the region surged on the back of a quartet of US$100 million+ mega-round deals. The region saw more than US$2 billion being pumped into its fintech startups, nearly as much as North America during the same period, according to CB Insights.

Benzinga Global Fintech Award Finalists For Best Robo-Advisor Are Changing The Wealth Management Field

The Benzinga Global Fintech Awards are a yearly showcase of the greatest advances in fintech from leaders and visionaries in the worlds of finance and technology. This year, executives, developers and innovators from the likes of Facebook, Amazon, IBM, JP Morgan, Zelle, TD Ameritrade, TradeStation, Fidelity and so many more attending the Oscars of Fintech.

The BZ Awards are half party, half business development bonanza—they’re a rare chance to meet and network with everyone in finance from CNBC’s Josh Brown to the head of financial services at Facebook to the heads of trading at every major brokerage.

To offer more clarity on who is competing for the prize of most innovative in each category, Benzinga is breaking out the finalists in each category and offering more information about what they do.

List of Robo-Advisors

Bambu Goes Global, Launches London Office, Adds Technical Talent

The news that robo advisor Bambu has opened a new office in London and won its first American client is a reminder that, in fintech, when the going is good, the good go global.

“We would like to announce a new client project based in America that we landed recently,” the Finovate Best of Show winning company reported in its blog Thursday morning. “We are looking forward to working with them on building a robo solution for their region and will update you all with more details as we get closer to launching it.”

Bambu lands first American client, prepares to open office in London

Bambu lands first American client, prepares to open office in London

We would like to announce a new client project based in America that we landed recently.

We are looking forward to working with them on building a robo solution for their region and will update you all with more details as we get closer to launching it.

In April, we will be opening our new office in London located at Level39 - Europe's largest financial technology accelerator space. The opening is part of Bambu's long-term growth strategy to offer our services and expertise on a global scale. 

We welcome four new employees to the team - Nick Wakefield, Chen Jie Yang, Hui Min Lee & Tino Sambora. Nick Wakefield was previously our sales consultant but now leads as Managing Director in Europe. Chen Jie joins us to enhance our AI capabilities while Hui Min contributes her design expertise to the team. Lastly, Tino Sambora is here to boost the front-end development of our on-going projects.

Source: Finextra

The Asset Digital Awards highlights growth of banks’ digital offerings

NickWakefield_TheAssetaward_HK

THE process behind what appears to an end user as a seamless, simple, and intuitive digital solution, is often anything but, as new digital offerings have to run a rigorous gauntlet through countless technical and control-related checks before finally going live. The banks which put in the legwork to provide such seamless end user experiences, as well as successfully onboarding a significant number of clients to their digital offerings, are honoured at The Asset Triple A Digital Awards 2017.

Bambu wins Best of Show at Finovate Asia 2017

BestofShow-Finovate-Bambu--1440x564_c.jpg

Bambu, the leading digital wealth company in Asia, won the Best of Show Award at Finovate Asia 2017 in Hong Kong, yesterday.

Finovate is a series of conferences focused exclusively on showcasing the best and most innovative new financial and banking technologies. Finovate began in New York 2007, and today it consistently attracts large, high-impact audiences of senior financial and banking executives. The Best of Show awards at Finovate are highly coveted, and many past winners have gone on to great success.

My fintech story: I want to transform financial services

Millennials are starting all the fintechs, right? Not quite. Aged 50, ex-broker Ned Philips is bucking the trend after spotting a gap in the robo-advice market. 

Ned Philips, founder and CEO of fintech firm Bambu, is a perfect example of how age is just a number. Running his own fintech start-up at 50, we caught up with him on his early years at the heart of the fintech revolution, his journey so far, and tips for fintechs when collaborating with a bank.

Read more

DBS Bank Hunting For a Robo-Adviser

Singapore's largest lender DBS is looking to add a robo-adviser solution to its product suite, finews.asia can reveal exclusively.

DBS Bank is looking for a partner to work on a robo-adviser, a source familiar with the matter told finews.asia. While Asia boasts a vibrant and expanding wealth technology scene, no significant deals have been struck. Local banks are working closely with startups, but there has been no major investment yet.

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Bangkok Bank wants to put Thailand in the Fintech Hub race

Thailand’s first global Fintech accelerator program, Bangkok Bank InnoHub, has completed its inaugural program with the eight participating startups pitching their innovative technologies to Thai and international investors on Demo Day.

Selected from 199 applications across 32 countries, eight startups have successfully completed the 12-week intensive program at Bangkok Bank, receiving expert coaching and advice from dedicated mentors within the Bank and its corporate innovation partner, Nest, in areas such as technology, business development and finance in the context of market and regulatory conditions in Thailand and the ASEAN Economic Community or AEC.

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Franklin Templeton's robo tie-up could be first of many

The US asset manager has strategically invested into a Singapore-based robo services firm. Other fund houses could follow as automated investing continues to rise across Asia
 

 Source: Asian Investor

Source: Asian Investor

Franklin Templeton Investments' (FTI) decision to invest into Singapore-based robo services company Bambu could be the first of similar tie-ups, as asset managers seek to benefit from the huge potential of automated investing in Asia, say industry observers. 

Top FinTech Startups in Singapore

Singapore has been a hotbed for fintech innovation, as an Asian and global leader, recently. Establishment of a world class fintech hub like LATTICE80 and support from the Monetary Authority of Singapore (MAS) has provided for the right environment to boost fintech innovation. With a small population, the fintech products being developed in the country are primarily focused as B2B solutions. B2C fintech products have markets in the South-East Asian region, similar to Hong Kong as an entry point to China.

Standard Chartered Regional CIO: building an innovative, creative and risk-taking mindset

The banking industry is changing rapidly in the digital age. Banks have to keep up with the pace of technological changes to meet customer needs and stay competitive. Peter Clark, Standard Chartered’s regional CIO of Greater China & North Asia, noted a CIO has to maintain the integrity and security of a bank’s systems while driving innovation and creativity and building a risk-taking mindset.

 Source: Computer World Hong Kong/ Standard Chartered Bank

Source: Computer World Hong Kong/ Standard Chartered Bank

CWHK: What were the biggest challenges during your career?

Peter Clark (PC): The toughest time was a major system outage that I dealt with in 2006 when I was working with my previous employer. Our bank was impacted by the Taiwan earthquake that broke a number of submarine cables and disrupted international communications.... 

HKCSView: Robo-advisory in Asia -- to be or not to be

Artificial Intelligence (AI) has generated a lot of hype lately with AlphaGo defeating Chinese Go master.  In the world of finance, perhaps the most widely known application of AI (at least to the public) is robo-advisory.

Generally, a robo-advisor aims to construct an investment portfolio that meets an investor’s financial goals in an automated fashion. The advisory services industry in the US is undergoing significant transformation in the way it is becoming more customized.  Thus, robo-advisors have been growing rapidly and leading new players like Betterment is capturing total Assets Under Management (AUM) that exceeds US$7 billion. The incumbents are also rolling out their digital platforms.

Say hello to the new investment advisor – your local telco

In the wealth management space, financial companies will not be the dominant players. It will be telecommunications players, consumer brands, tech companies like ANT Financial and Tencent.

“If you have two main attributes – trust and customers – you can offer financial services.

“If you have a huge number of customers that trust you, you can offer financial services including robo advisory. Banks will still have a lot of the customers but the biggest growth from 2017, 2018 and 2019, will be companies that have now become financial services companies because they have customers that trust them,” predicts Ned Phillips (photo/video below), founder and CEO of Bambu, a B2B robo advisory firm based in Singapore.