August 18, 2019 @ 10:11 pm By Samantha Hurst  |  

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced last week the launch of its Data Governance Solution in China. OneConnect reported that its solution can support smart management for all scenarios and a large amount of data…. Read More

August 18, 2019 @ 9:39 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) announced last week its invested Indonesian online lending platform, Musketeer Group, Inc. (Musketeer) has completed registration for its peer-to-peer lending platform with the Indonesian Financial Services Authority (OJK). Hexindai notably acquired a 20% equity stake in Musketeer in… Read More

August 17, 2019 @ 12:05 pm By Xu Gao  |  

Tencent-backed WeBank Fined ¥2 million for multiple violations WeBank, China’s first internet bank, was fined for ¥2 million for multiple violations against Law of the People’s Republic of China on Commercial Banks. In an inspection last year, the Shenzhen branch of the China Banking and… Read More

August 15, 2019 @ 3:45 pm By JD Alois  |  

Singapore has emerged as an Asian hub of crypto innovation. The southeast Asian country has always been Fintech friendly as policymaker has sought to establish a jurisdiction of financial innovation. Published last month, the Inland Revenue Authority of Singapore proposed an approach to crypto that… Read More

August 15, 2019 @ 11:59 am By JD Alois  |  

Privacy Coin Zcoin (XZC) claims to be the first crypto available to 5 million merchants in Thailand which are registered to the Thai QR code system. Of course, being available does not mean consumers will use the crypto. But Zcoin believes that by plugging into… Read More

August 15, 2019 @ 11:11 am By Samantha Hurst  |  

Wirex, a hybrid personal finance platform that merges blockchain tech and traditional finance, announced on Thursday it has become a type II member of the Japan Virtual Currency Exchange Association (JVCEA). Wirex claims that becoming a type II member is a vital and hard-earned step… Read More

August 14, 2019 @ 10:48 pm By JD Alois  |  

Global Fintech funding declined during the first half of 2019, driven by a drop in China. But while China dipped, Fintech investment jumped in other countries led by the US and the UK, according to a report from Accenture (NYSE: ACN). Yesterday, Crowdfund Insider reported… Read More

August 14, 2019 @ 4:14 pm By Samantha Hurst  |  

Slice Labs Inc., an on-demand insurance cloud platform provider, announced on Wednesday it has entered in a proof-of-value contract with Sompo to bring on-demand insurance to Asia. According to Slice, the new partnership brings on-demand insurance to the Asia Pacific region of Asia, the first… Read More

August 14, 2019 @ 3:19 pm By JD Alois  |  

Fincera Inc. (OTCQB: YUANF), a China-based peer to peer lending platform providing access to capital for SMEs, has become the target of a local government attempt to shut down P2P lenders. According to a note from Fincera, the Hebei provincial government, where Fincera is based,… Read More

August 14, 2019 @ 8:14 am By JD Alois  |  

Singularity Studio, the for-profit spin-off of SingularityNET (SNET) – a non-profit Netherlands foundation building a decentralized blockchain AI platform, has signed a “Strategic Cooperation Memorandum” with PICC Finance Services. PICC is a subsidiary of the Fintech arm of the People’s Insurance Company of China Holding… Read More

August 13, 2019 @ 8:04 pm By JD Alois  |  

Digital Banks are the New Shiny Global Fintech deals tallied 838 rounds worth $15.1 billion in the first six months of 2019 but the number VC backed Fintech deals dropped to the lowest number since Q4 of 2016, according to CBInsights quarterly Fintech report. While… Read More

August 13, 2019 @ 2:24 am By Cali Haan  |  

Indian telecom company Reliance Jio will launch, “one of the largest blockchain networks in the world over the next 12 months,” the company’s owner, Mukesh Ambani, told attendees at the company’s annual General meeting August 12th. Ambani also promised, “The network will have tens of thousands… Read More

August 12, 2019 @ 8:45 pm By Cali Haan  |  

Bitmain, the world’s largest cryptomining firm and manufacturer of cryptomining equipment says the company name is being fraudulently used by a project called “Mangocoin.” “We recently become aware of the fraudulent use of the ‘Bitmain’ brand in the sale of a product named ‘Bitmain Cloud… Read More

August 12, 2019 @ 5:19 pm By Cali Haan  |  

After five years in development, the deputy director of the People’s Bank of China’s Payments and Settlement Division, Mu Changchun, says, “(The) People’s Bank digital currency can now be said to be ready.” Shanghai Securities News (SSN) writes that  Mu made the announcement at the third… Read More

August 11, 2019 @ 10:26 pm By Samantha Hurst  |  

BitKan, an Asian-based cryptocurrency services platform, announced on Friday it has joined forces with Bitcoin.com. Founded in 2012, BitKan stated it provides a one-step integrated platform the crypto services, which includes a platform for crypto market data, a crypt wallet, and a crypto community. While… Read More

August 11, 2019 @ 8:02 pm By X.Y. Ng  |  

Thanks to the rise of peer-to-business (P2B) lending, the concept of Small and Medium Enterprise (SME) debt as an asset class has altered for the better. With low risk of default and high-interest rate returns, it is now possible to invest in SME debt at… Read More

August 10, 2019 @ 3:26 pm By Cali Haan  |  

About 15 countries are collaborating on a system to collect and share identifying data about individuals trading cryptocurrencies, Nikkei Asian Review reports. The news follows other reports this week that Japan’s Ministry of Finance and Financial Services Agency (FSA) have offered to build a regulated global network… Read More

August 10, 2019 @ 3:17 pm By Xu Gao  |  

Ride-Sharing Platform DiDi Plans to Set up a Private Bank Didi Chuxing (DiDi) is a leading ride-sharing platform in China. After making its debut in online micro-lending, insurance, payments, and financial leasing industries, Didi is aiming to acquire a banking license and establish a private… Read More

August 9, 2019 @ 10:29 am By JD Alois  |  

MERJ Exchange, formerly Trop-X Limited, has claimed the first-ever, fully compliant and regulated security token issued by a national stock exchange. MERJ is licensed by the Seychelles Financial Services Authority. As Crowdfund Insider reported last week, MERJ is an exchange for equities, debt, and derivatives… Read More

August 8, 2019 @ 10:28 pm By Cali Haan  |  

South Korean financial regulators are planning to align the country with widely adopted FATF global guidelines by directly regulating crypto exchanges in the country under a licensing regime, Business Korea (BK) reports. The new FATF guidelines require crypto exchanges to report transactions that exceed a certain… Read More