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Jessie Kwok Appointed Chief Investment Officer at Wealthify: A New Era in Investment Leadership
Wealthify has appointed Jessie Kwok as its new Chief Investment Officer (CIO), succeeding Colleen McHugh, who will remain on the Investment Committee. This leadership transition underscores Wealthify’s commitment to enhancing investment management and providing accessible financial services. Kwok, a seasoned expert with a background at Investec, Fidelity International, and other notable firms, is poised to strengthen Wealthify’s investment strategies amid market uncertainties. She expressed enthusiasm about joining the company and aims to protect customers’ financial futures. McHugh praised Kwok’s capabilities, expressing confidence in her ability to navigate future challenges and ensure ongoing success.
Apave Group Expands Sustainability Services with Strategic Acquisition of Aktio
Aktio, a French carbon accounting and sustainability firm founded in 2020, was acquired by Apave Group, a leader in risk management and consulting. This acquisition enhances Apave’s capabilities in climate risk management and sustainability, aligning with its growth strategy launched in 2020. Aktio, known for its hybrid service model and B-Corp certification, offers Climate Consulting and Greenhouse Gas Accounting software, helping organizations measure carbon footprints and develop decarbonization plans. The merger creates Aktio-Apave, focused on comprehensive sustainability consulting and innovative ESG software, positioning Apave to better support clients in various transition plans amid growing demand for sustainable practices.
MAS and ABS Join Forces to Shape the Future of Singapore’s Payments Landscape
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are establishing a new governing entity to oversee the country’s national payment schemes, including FAST, Inter-bank GIRO, PayNow, and SGQR. This initiative aims to streamline operations, enhance governance, and foster innovation within Singapore’s payment systems. The entity will collaborate closely with MAS to develop a national payments strategy and ensure secure, efficient infrastructure. Industry committees will facilitate cooperation among banks and service providers, while maintaining current operational structures. Leadership details will be announced later this year, marking a significant step in Singapore’s digital economy.
IDB Bank Partners with ThetaRay to Enhance Financial Crime Compliance Solutions
IDB Bank, a New York-based commercial bank, has partnered with global RegTech firm ThetaRay to enhance financial crime compliance using advanced Cognitive AI solutions. This collaboration aims to improve transaction security by distinguishing legitimate clients from potential fraudsters, thereby bolstering operational efficiency and regulatory compliance. Both companies’ leaders expressed confidence in the partnership’s potential to strengthen IDB Bank’s capabilities in navigating the complex financial landscape. The alliance reflects IDB Bank’s commitment to adopting cutting-edge technology to improve service delivery and customer trust while combating financial crime.
