Asia

Bursa Malaysia to Work with Fintech Firms to Enhance its Operational Efficiency

Bursa Malaysia, the nation’s stock exchange, is reportedly planning to work closely with Fintech firms or other strategic business partners in order to enhance its value proposition and improve its operational efficiency. Bursa Malaysia stated that these efforts should help the exchange grow and take… Read More

Southeast Asian Fintech Grab to Create 350 New Jobs in Singapore during 2021 to Support Business Growth and Development Plans

Southeast Asian Fintech firm Grab has revealed that it will be creating about 350 new jobs in Singapore during 2021 in order to support its ongoing growth and development plans. These new roles and requirements aim to support the Fintech company’s expansion of products and… Read More

Fraudulent Activities via Online Platforms have Increased Significantly as More Transactions are Now Conducted via the Internet

The COVID-19 outbreak has forced individuals and businesses to adopt new working practices and move their operations online. This has led to a considerable increase in fraudulent activities being carried out via digital platforms, because many more transactions are now conducted online or via the… Read More

PDAX Debacle: Modulus CEO Says Crypto Exchange Collapse is Just the Beginning

PDAX, a licensed crypto exchange operating in the Philippines, suffered an outage earlier this month. There have been multiple reports that traders were able to purchase Bitcoin at a steep discount during a time when BTC was trading at new all-time highs. A statement from… Read More

P2P Bitcoin Exchanges Paxful and LocalBitcoins Report Steady Growth of Global Operations including Asian Markets

LocalBitcoins, a peer to peer BTC exchange service, notes that Bitcoin is “swooping” over the world and Asia is now at “the center” of all the action. LocalBitcoins writes in a blog post that this should come as no surprise given all the opportunities Bitcoin… Read More

Ireland based Fintech Fenergo Hires Gary Brookes as Head of Sales for Asia as Company Continues to Expand Global Operations

Dublin-based Fenergo, a Fintech company focused on supporting digital transformation initiatives, has announced the appointment of a new Asia Head of Sales who will be leading growth operations and executing on Fenergo’s innovative Cloud strategy in the APAC region. Fenergo has hired Gary Brookes to… Read More

Digital Assets Firm BlockFi Launches Private Client Services Offering for UHNWIs and Sophisticated Investors in APAC Region

BlockFi Inc., a financial services firm that’s focused on creating a bridge between digital currencies and traditional financial and wealth management products, has revealed that it has launched a Private Client Services offering for investors in the APAC region. BlockFi confirms that the new initiative… Read More

Indonesia: Crowdo Launches Incorporates Digital Banking with SME Services

Crowdo has announced the launch of a new platform in Indonesia that is described as the first “SME digitalization platform powered by Neobank technology.” According to Crowdo, the platform seeks to help businesses digitalize their operations that improve supply chain operations with financial and banking… Read More

Philippines based Moneybees, an OTC Cryptocurrency Service, Launches New Outlets to Support Local Bitcoin, Ethereum Transactions

Moneybees, which claims to be the very first over-the-counter (OTC) cryptocurrency service in the Philippines, has announced that it’s launching three new outlets this month. The outlets are being opened to accommodate the growing demand for OTC transactions among Filipino cryptocurrency traders and investors, according… Read More

Chairman of Dubai’s IBC Group Pledges 100,000 Bitcoin for Miami 2.0 Blockchain Strategy Foundation: Report

  According to multiple reports, Khurram Shroff, chairman of the IBC Group in Dubai, has pledged 100,000 Bitcoin for the Miami 2.0 Blockchain Strategy Foundation. At its current price point, 100,000 BTC is worth a whopping $5 billion. And if some prognosticators get it right,… Read More

Multinational Digital Banking Group Tyme Secures $100M in Capital via Series B Round

Tyme, a multinational digital banking group based in Singapore, has reportedly secured $110 million in capital through a Series B funding round. Tyme is focused on bringing foreign investments into South Africa. TymeBank aims to establish the foundation for its business expansion across ASEAN region,… Read More

P2P Lender Amartha Partners with Lendable, Receives $50 Million Commitment to Lend to Women MSEs

PT Amartha Mikro Fintek a peer-to-peer lender that provides access to capital to micro and small entrepreneurs (MSEs). Founded in 2010, Amartha pivoted into a peer-to-peer lending platform in 2016 and is now one of the biggest P2P lenders in Indonesia. According to Amartha, the… Read More

Global Fintech Investment Activity Recovered Strongly in H2 2020 after COVID-related Slowdown, $105B Raised via 2,861 Deals

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

Advanced Facial Biometrics Now Being Used by Singapore’s DBS Bank to Perform Data Authentication and Verification

Singapore-based DBS Bank Ltd (SGX:D05), a multinational banking and financial services corporation with over $330 billion in assets, is reportedly using facial biometrics for handling online corporate account opening processes for small businesses. This should help the bank with speeding up information authentication and verification…. Read More

MC Payment Ltd becomes First Digital Payments Company to be Listed on Singapore Exchange’s (SGX) Catalist

MC Payment Limited has revealed that it’s now listed on the Singapore Exchange’s (SGX) Catalist. The company claims that it’s the first digital payments platform to be listed on Catalist. With a market cap of around S$139 million (appr. $105.4 million), the listing of MC… Read More

Markus Jun: Founder of ICON Hyperconnect Public Representative Shares Latest Insights from South Korea Crypto and Blockchain Sector

We recently connected with Markus Jun, the founder and CEO of ICON Hyperconnect Public Representative, a leading block validator for the ICON network with $20 million in total staked value, and Hyperconnector, an official accelerator partner of the ICON Foundation & ICX Station Seoul. Markus… Read More

Pakistani Online Payments Fintech SadaPay Introduces Numberless Debit Card for Seamless Digital Transactions

Islamabad-based Fintech firm SadaPay has introduced the region’s first numberless debit card. SadaPay’s management confirmed that the company’s debit card is now officially the first numberless card to be launched across all of the MENA region. The SadaPay team noted in a blog post: “This… Read More

New Instant Payments System “Sarie” Launched in Saudi Arabia to Seamlessly Settle Local Digital Transactions

The reserve bank in Saudi Arabia has introduced an instant payments solution, called the “Sarie” system, in order to carry out low-value transactions within the country. The Saudi reserve bank (SAMA) noted that the new initiative will allow banking customers in the Kingdom to accept… Read More

Standard Charter’s Virtual Bank Mox Update: Now Has 80,000 Customers & Over 1.5 Million Transactions Been Made With Mox Card

Mox, Standard Chartered virtual bang that is based in Hong Kong, announced on Monday its latest progress update. The virtual bank launched in September 2020 and as previously reported, it was created in partnership with PCCW, HKT, and Trip.com “With Mox, opening an account is… Read More

ICON Foundation Introduces 50,000 ICX Token or Over $1 Million Smart Contract Auditing Fund for Blockchain Platforms

The ICON Foundation has confirmed that blockchain-enabled platform ICON, one of the largest DLT initiatives in South Korea, has introduced a dedicated audit fund. The initiative has been launched in order to support the secure development for ICON’s evolving ecosystem. The ICON Foundation noted that… Read More

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