Welcome to Today’s FinTech Daily Roundup your go-to source for the latest developments in financial technology. As FinTech continues to redefine the way we bank, invest, insure, and manage money, staying ahead of fast-moving trends is essential for professionals and businesses alike. In today’s roundup, we bring you the most impactful updates across digital banking, blockchain, payments innovation, regtech, and more plus insights from thought leaders shaping the future of finance.
Ocean Bank Reports Steady Growth in Assets and Deposits
Ocean Bank is celebrating a major financial milestone, with total assets reaching an impressive $7.25 billion by the close of the second quarter on June 30.. This marks an 8 percent increase since the close of 2024 and a 13 percent rise compared to the same period last year highlighting the bank’s continued financial strength and consistent upward momentum.In addition to robust asset growth, the bank reported a solid performance across lending and deposit activities, with total loans rising to $5.69 billion and deposits increasing to $6.13 billion. These figures reflect Ocean Bank’s deepening relationships with its customers and its position as a reliable financial partner in the region.
SimCorp Appoints Peter Sanderson as New CEO
SimCorp, a global leader in financial technology and a subsidiary of Deutsche Börse Group, has announced the appointment of Peter Sanderson as its new Chief Executive Officer, effective immediately. Sanderson steps into the role with a wealth of experience across investment management and financial services, positioning him to lead SimCorp through its next phase of innovation and global expansion. Sanderson is no stranger to the value of SimCorp’s platform. During his tenure as Group CEO of GAM Investments from 2019 to 2024, he was a direct client of SimCorp’s software, giving him unique insight into its real-world capabilities and strategic importance. This hands-on experience, combined with his leadership background, brings an essential client-centric perspective to the company’s executive team.
Noah & ARK Host Global Chinese Wealth Summit in Singapore
Noah Holdings Limited, through its global wealth management arm ARK Wealth Management, successfully hosted its first ARK Global Chinese Wealth Management and Inheritance Summit on August 1, 2025, at The Ritz-Carlton in Singapore. The event was a proud milestone for ARK Wealth, serving as its first major international summit since setting up its new overseas headquarters in Singapore earlier this year.”. Aligning with Singapore’s 60th anniversary of independence, the summit was further celebrated with a cultural tribute a charity concert by the Noah Philharmonic Orchestra at the iconic Esplanade –Theatres on the Bay, underscoring the firm’s long-term dedication to the region.
SBI Life & AU Bank Partner to Expand Insurance Access
In a heartfelt move to make life insurance more inclusive and within everyone’s reach, SBI Life Insurance one of India’s most trusted insurers has partnered with AU Small Finance Bank, the country’s largest small finance bank. This newly formed corporate agency partnership is about more than just business it’s about making a difference. Together, they’re working to bring life insurance solutions right to people’s doorsteps, especially in communities that have long been underserved or overlooked. It’s a step that not only strengthens financial protection for countless families but also aligns closely with the government’s inspiring goal of ‘Insurance for All by 2047’.
BingX Labs Celebrates 1 Year with $16M Web3 & AI Boost
BingX, a leading name in the world of cryptocurrency exchanges and Web3 AI innovation, is proudly celebrating the first anniversary of BingX Labs its dedicated investment and incubation arm. In just one year, BingX Labs has grown into a driving force behind some of the most exciting developments in the Web3 and AI space, building meaningful relationships with visionary builders and pushing boundaries at the forefront of decentralized finance.
Valtriora Capital Rolls Out VTRC IA 4.0 Education Track with Pascal Martin
In an inspiring step that connects finance, education, and technology, Valtriora Capital has announced the academic expansion of its intelligent investment platform, VTRC IA 4.0. This move aims to empower students and researchers by giving them access to the same cutting-edge tools used by professionals in the world of finance.
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