The latest technology news in the wealth management sector from around the world.

Next Commercial Bank, Kamakura Corporation
Next Commercial Bank, which claims to be Taiwan's first digital bank, has put in place a suite of corporate risk management solutions from Kamakura Corporation.

Kamakura's portfolio management system includes data elements which capture characteristics of all financial products, whether in a digital or a mainstream banking environment. By viewing its entire exposure within a single table and a single database, any bank can easily create reports, analyse results, and generate risk metrics. 

"After extensive evaluation and due diligence, NCB felt that Kamakura's integrated ERM system was best suited to provide the holistic and dynamic perspective the bank needs to address its regulations and requirements. The selection of Kamakura's suite of Credit Risk, Market Risk, FTP, ALM, IRRBB, Basel III LCR and NSFR solutions was based on the company's well-integrated and advanced solution, which encompasses balance sheet management as well as regulatory requirements," Kung-Ho Chang, chief risk management officer, NCB, said. 

Kamakura has served more than 330 clients with assets ranging from $1.5 billion to $3.0 trillion. Current clients have a combined assets under management of more than $26 trillion. 

Aegis Custody
California-based Aegis Custody, a blockchain asset fintech backed by China’s Fosun Group, has partnered with CTBC Bank. The partnership is designed to boost CTBC’s digital financial asset business.

The assets involved in the deal include real estate investment trusts and equities, the groups said in a statement yesterday. 

Hong Kong granted Aegis Custody a licence in 2019, making it the first fintech start-up in Asia to reach that point.

The platform set up by the Aegis team features third-party trust mechanisms in the US and Hong Kong which enable transactions to be validated safely and quickly.