July 17, 2018 @ 12:03 pm By Cali Haan  |  

The South China Morning Post has reported that a digital token offering (ICO) with ties to former Macau gangster “Broken Tooth” Wan Kuok-koi claims to have raised $750 million dollars from investors across South Asia in a mere 5-minute sale. The “HB” token, the second ICO… Read More

July 17, 2018 @ 10:28 am By JD Alois  |  

Speaking at the Bloomberg ASEAN Business Summit in Bangkok this past week, Dr. Veerathai Santiprabhob, Governor of the Bank of Thailand, delivered a broad based speech that discussed the opportunities provided by Fintech and blockchain specifically. Dr. Santiprabhob said their Fintech regulatory Sandbox;  “… serves as a… Read More

July 17, 2018 @ 1:12 am By JD Alois  |  

PINTEC, a China based Fintech firm that offers financial solutions that connect business partners and financial partners to provide financial services to end users, has announced its intent to do an initial public offering on NASDAQ Global Market. PINTEC expects to trade under the symbol… Read More

July 16, 2018 @ 8:11 am By JD Alois  |  

CreditEase, a China based peer to peer lending platform, has been recognized for its Fintech venture fund by a CB Insights report. According to the report, the CreditEase Fintech Investment Fund is number three in the world when it comes to ranking the most active… Read More

July 14, 2018 @ 4:29 pm By Xu Gao  |  

Toutiao Marches into the Fintech Market with Cash Loan Products China’s leading digital media platform Toutiao has long denied the potential of entering the financial markets. However, it is reported this week that a series of cash loan products have launched on Toutiao’s app without… Read More

July 14, 2018 @ 2:41 pm By Samantha Hurst  |  

Asian fintech innovation hub, Stone & Chalk, announced this week it is uniting fintech across the eastern seaboard with the launch of a new national capability, known as a mega hub, across its new home at the Goods Shed North in the heart of Melbourne’s… Read More

July 13, 2018 @ 9:50 am By Samantha Hurst  |  

Paidy, Inc., a Japan-based post-pay credit account company, announced on Thursday it secured $55 million through its Series C funding round, which was led by ITOCHU Corporation with participation from Goldman Sachs. The company reported combined with its two previous Series A and B rounds,… Read More

July 13, 2018 @ 8:12 am By JD Alois  |  

Next Level Consulting has hired Kirsten Roy-Reid as its Senior Partner and Head of Compliance. Roy-Reid is a former JP Morgan Senior Vice President for compliance having worked in London, New York, Hong Kong and New Zealand for over 13 years. The hiring may be viewed… Read More

July 12, 2018 @ 7:41 am By Samantha Hurst  |  

Bambu, a Singapore-based robo-advisory solutions provider, announced this week it secured $3 million through its Series A financing round, which was led by Franklin Templeton Investments.  Founded in 2016 by Ned Phillips and Aki Ranin, Bambu describes itself as a leading global provider of robot-advisory technology… Read More

July 11, 2018 @ 10:29 pm By JD Alois  |  

Coinsquare, a Canadian cryptocurrency exchange, and DLTA 21 Blockchain Corp., a Canadian blockchain investment bank, have partnered up on a  cryptocurrency trading in Japan. The two companies said the new trading platform will be doing business as DLTa21X after receiving regulatory approval in Japan. Cole Diamond,… Read More

July 11, 2018 @ 12:38 pm By JD Alois  |  

Once again, the UK Department for International Trade (DIT) is booking trips abroad to promote and interact with financial innovation types around the world. DIT has scheduled two trips for this Fall. First, DIT has scheduled their second UK Fintech Mission to Mexico City from 11-14… Read More

July 11, 2018 @ 12:15 pm By Samantha Hurst  |  

Frost & Sullivan announced on Wednesday it has signed a Memorandum of Understanding with the Seoul Metropolitan Government (SMG) to support activities such as commercialization, investment promotion, support for the advancement of Korean fintech startups into the global market. According to Frost & Sullivan, the… Read More

July 11, 2018 @ 2:26 am By Cali Haan  |  

An official at the People’s Bank of China (PBC) tasked with regulating internet finance has reiterated the Chinese state’s determination to stop all ICO and crypto investing in the country, even solicitations to invest emanating from overseas, Coindesk reports. According to the the Chinese publication… Read More

July 10, 2018 @ 5:10 pm By JD Alois  |  

Blockchain game, Etheremon may bag Ethereum. Ethereum is great but can be really slow. Recently, the network a small Chinese cryptocurrency exchange called FCoin managed to clog the entire Ethereum network. That kind of sucks. In a blog post, Etheremon explained its scalability challenges and then stated… Read More

July 9, 2018 @ 4:13 pm By Cali Haan  |  

Users of a little-known Chinese cryptocurrency exchange called FCoin managed to clog the Ethereum network last week when they gamed a voting process on the exchange. FCoin ran a promotional scheme last week whereby they told users to vote for cryptocoins they wanted listed on… Read More

July 9, 2018 @ 10:43 am By Samantha Hurst  |  

Fintech unicorn, TransferWise, launched its money transfer services in Hong Kong last week. This news comes just a few weeks after the company launched the services in Argentina. As previously reported, TransferWise converts that money at a better rate and pays the transfer out using local pools… Read More

July 8, 2018 @ 4:06 pm By JD Alois  |  

Sun Guofeng, Director of the Peoples Bank of China Research Institute, says that more Fintech regulation is on its way. The comments were reported by ECNS as Guofeng spoke at the Bund Summit in Shanghai. Guofeng said; “Building regulatory regime at local levels will become… Read More

July 8, 2018 @ 1:14 pm By Cali Haan  |  

It just got a lot harder to buy cryptocurrencies in India. Close to the end of a three-month grace period granted to banks and customers affected by a ban on transfering money onto and off of cryptocurrency trading platforms, the Supreme Court of India has… Read More

July 7, 2018 @ 7:27 pm By JD Alois  |  

A report in ECNS indicates that the Chinese peer to peer lending industry is enduring a bit of a retrenchment. China is home to the largest P2P industry in the world – an accomplishment that was aided by the fact that at the beginning, few… Read More

July 7, 2018 @ 6:52 pm By JD Alois  |  

The Securities Commission Malaysia (SC) is inviting interested parties to apply to operate investment crowdfunding platforms and peer to peer lending sites. SC states that applicants may submit their applications for registration now with a deadline of September 7th, 2018. As at June 2018, the… Read More