Asia

May 8, 2022 @ 10:26 am By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has targeted a crypto mixer platform for the very first time. According to a statement by Treasury, Blender.io (Blender) has been sanctioned by the US government. Blender is utilized by North Korea  for… Read More

May 7, 2022 @ 1:36 pm By Omar Faridi  |  

Kaleidofin, a Fintech firm from India, has finalized a second close to its $15 million Series B equity round. The company’s latest investment round has been led by the Michael and Susan Dell Foundation. The recent round takes the total funding secured by Kaleidofin to… Read More

May 6, 2022 @ 3:12 pm By JD Alois  |  

Huobi Group has received approval to operate as a Money Services Business (MSB) in the United States, according to a statement by the company. Huobi is a public firm with its shares trading in Hong Kong (HKEX:Huobi Tech). Huobi Group was founded in 2013 and… Read More

May 6, 2022 @ 7:55 am By Omar Faridi  |  

KoinBasket, a Singapore-headquartered digital asset investment platform, recently finalized a $2 million pre-seed round. KoinBasket says that it plans to use the proceeds from the investment round to further expand its professional team and onboard talent. The round has reportedly been led by investors such… Read More

May 4, 2022 @ 10:47 pm By Omar Faridi  |  

Biometrics firm, Fingerprint Cards AB and Mswipe, which claims to be one of India’s leading end-to-end digital enablers for SMEs will collaborate and “bring biometric debit and credit card to India, targeting 940 million active payment card customers.” Further, Fingerprint’s “proven” biometric technology along with… Read More

May 4, 2022 @ 10:53 am By JD Alois  |  

Meshwap, decentralized exchange (DEX), has launched on Polygon reporting one million-plus users accessing its DeFi ecosystem. Polygon is a platform for Ethereum scaling and infrastructure development claiming 7000+ applications hosted, over 3.4 billion total transactions processed, and about 135M+ unique user addresses. Meshswap is an… Read More

May 3, 2022 @ 10:54 pm By Omar Faridi  |  

Netbank has reportedly entered a partnership with V5 Pay Philippines in order to enable its partner merchants, from micro, small, medium enterprise (SMEs) and large corporations, “with a more seamless and secured payment experience.” The roll-out of these schemes will “allow the V5 Pay platform… Read More

May 3, 2022 @ 10:02 pm By Omar Faridi  |  

Open Financial Technologies has reportedly acquired $50 million in capital via a Series D funding round that was led by IIFL Finance. Existing investors Tiger Global, Temasek and 3one4 Capital have also made contributions to  Open Financial Technologies latest investment round. Neobanking platform Open Financial… Read More

May 2, 2022 @ 10:05 pm By Omar Faridi  |  

Optimism, one of the four “major” Ethereum Layer 2 scaling solutions, will soon be “launching a new governance and incentive token, OP, much to the community’s excitement.” This launch, which includes airdrops to early adopters and active users and contributors, has “the potential to stir… Read More

May 1, 2022 @ 6:18 pm By Omar Faridi  |  

ICICI Bank (BSE: ICICIBANK, NYSE:IBN) announced that it has introduced India’s “first” comprehensive digital ecosystem for all MSMEs in the country, “including customers of other banks.” The ecosystem “has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to… Read More

April 30, 2022 @ 1:03 pm By Omar Faridi  |  

JS Bank, a leading commercial bank operating in Pakistan, has enhanced its Core Banking platform with assistance from IT firm NdcTech (as the implementation partner for the upgraded system). This deployment is a key part of JS Bank’s overall strategy to rebuild its tech and… Read More

April 30, 2022 @ 12:30 pm By Omar Faridi  |  

KreditBee, which claims to be one of India’s “leading” Fintech platforms, recently announced the launch of ‘KreditBee 24K Gold’, a digital gold investment product. Clients may “securely” purchase digital gold “with 99.5% purity at live market rates with a single tap on the KreditBee app.”… Read More

April 30, 2022 @ 12:27 pm By Omar Faridi  |  

Asia-Pacific is getting ready for the next phase of its real-time payments journey as the region’s key service providers look for new growth opportunities and prepare “to enter the next stage of their real-time payments development.” This, according to the third edition of Prime Time… Read More

April 27, 2022 @ 10:37 pm By JD Alois  |  

  Finbots.AI, an “Artificial Intelligence-envisioned” firm for financial services, has raised $3 million in a Series A round funded by a single investor – Accel. The VC made the investment via its Fund VII and is said to be the first external investment Finbots.AI has raised…. Read More

April 27, 2022 @ 10:44 am By JD Alois  |  

Blockchain Association Singapore (BAS) has announced a partnership with BNY Mellon, a global bank based in New York City. BNY Mellon has had a presence in Singapore since 1974. Singapore has long been a robust Fintech hub in Southeast Asia. BNY Mellon also said it… Read More

April 27, 2022 @ 6:07 am By Omar Faridi  |  

AntChain, the “flagship” tech brand of Ant Group, recently launched a new video copy detection solution “to help make copyright protection technologies more efficient and accessible to content creators.” With the recently developed algorithms, AntChain’s new solution can “precisely identify and localize infringements in video… Read More

April 26, 2022 @ 9:20 am By JD Alois  |  

OCBC Bank and MetaVerse Green Exchange (MVGX) – both based in Singapore, will partner on a digital exchange for carbon credits. MVGX is a “digital green exchange” licensed and regulated by the Monetary Authority of Singapore. OCBC Bank is the longest established Singapore bank and… Read More

April 25, 2022 @ 10:32 pm By Omar Faridi  |  

WeLab Bank, the virtual bank dedicated to “curating intelligent banking experience,” has reportedly become the “first” digital bank in Hong Kong licensed “to offer digital wealth advisory services.” Having obtained the Type 1 (Dealing in securities) and Type 4 (Advising on securities) licenses from the… Read More

April 25, 2022 @ 9:18 am By JD Alois  |  

Digital asset marketplace Zipmex has announced a new partnership with the National Rugby League, A-League and community sports teams in Australia. The goal is to broaden exposure and understanding of crypto markets. The partnership includes professional teams Penrith Panthers Rugby League Football Club and Central… Read More

April 24, 2022 @ 10:41 pm By Omar Faridi  |  

A report by Huobi Research Institute has noted that the future development of on-chain cryptocurrency perpetual contracts is constrained “by the performance of their underlying public chains, with a breakthrough in the latter needed for the former to thrive.” The report from Huobi, titled “On-chain… Read More