Polaris Financial Technology has opened a New Zealand sales office in the city of Wellington, which the group said demonstrated its commitment to the country’s information and communications technology (ICT) industry. It added that it is committed to forging local partnerships with industry leaders in banking and insurance domains and leveraging local talent for specialist skills.
The India-based group also announced the launch of a research, innovation and development centre (RIDC) in the Northern Ireland city of Belfast, which it said will support transformational outsourcing programmes for its strategic customers in Europe.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.