Asia

December 13, 2021 @ 10:42 pm By Omar Faridi  |  

ZA International and Airport Authority Hong Kong (AAHK) have unveiled an easily accessible travel insurance to “create a seamless and frictionless travel experience through digital acceleration.” ZA International and AAHK seek to “leverage innovative technology and deep experience in passenger flow management” to achieve the… Read More

December 13, 2021 @ 12:23 pm By Omar Faridi  |  

TCM & Technologies Pte Ltd (TCM), an investment and advisory company offering institution-recognizable investments products and advisory services focused on the digital economy, and Trovio Pty Ltd, a technology company focused on digitization, tokenization and provenance services for the commodities and carbon industries, have announced… Read More

December 13, 2021 @ 10:48 am By Omar Faridi  |  

BNP Paribas, China Construction Bank (Asia), DBS, MUFG, Societe Generale and Standard Chartered have all joined the iLex platform to “accelerate the digitization of corporate loan markets.” The 6 global syndicated loan book runners are joining iLex as partner banks in order to support “innovation… Read More

December 13, 2021 @ 9:37 am By JD Alois  |  

Binance has shut down its Singapore-facing crypto exchange. The news follows a series of events that have eventually led to Binance exiting the top Asian Fintech market with a wholly owned trading platform. Binance Singapore was originally granted an exemption from holding a license under… Read More

December 11, 2021 @ 3:48 pm By Omar Faridi  |  

Edfundo, the transformative smart money management app for kids and teens living in the United Arab Emirates (UAE), has appointed industry specialists to its advisory board. Joining the board are Saudi-headquartered Fintech & Business Development specialist Saleh AlHammad, UK‘s Finance & Emerging Payments professional David… Read More

December 11, 2021 @ 3:46 pm By Tony Zerucha  |  

MENA open banking platform Tarabut Gateway this week announced a partnership with Zain Bahrain to provide the region’s first use case of open banking payments within a telco app. The companies said this is the first time a regional telecom provider has used open banking… Read More

December 9, 2021 @ 10:37 pm By Omar Faridi  |  

Rapyd, an international Fintech-as-a-Service firm, has agreed to acquire Hong Kong-based Neat, a cross-border trade enabling platform for SMBs and startups. Neat offers full company incorporation, business accounts, global payment collection and disbursements, “as well as credit card-based capital expansion services.” As noted in the… Read More

December 9, 2021 @ 9:57 pm By Tony Zerucha  |  

The six-month wait was worth it. The Monetary Authority of Singapore (MAS) has reportedly approved Nityo Infotech’s $100 million investment in MatchMove, a Singapore-based digital payments and banking fintech. The assent of the deal, which was originally agreed to in early summer, was reported by… Read More

December 9, 2021 @ 4:17 pm By Tony Zerucha  |  

Binance Asia Services, the blockchain ecosystem and cryptocurrency provider behind Binance.sg, today announced they have taken a post-money stake of 18 per cent in Hg Exchange (HGX), subject to regulatory requirements. HGX is a Southeast Asian member-driven private securities exchange, founded by financial institutions PhillipCapital,… Read More

December 8, 2021 @ 10:16 pm By Omar Faridi  |  

As open finance continues to evolve as an international movement, it’s critical for various world  regions to compare different implementation methods before selecting the best or most appropriate system. The Open Banking Exchange, the international unit of Open Banking Europe, has been established to guide… Read More

December 7, 2021 @ 5:09 pm By Omar Faridi  |  

bolttech, the fast-growing global Insurtech, has announced that it has welcomed another strategic investor, BRV Capital Management (BRV), an Asia-headquartered investment platform. As mentioned in an update shared with CI, the addition follows bolttech’s announcement of Series A investors including Activant Capital, Tony Fadell –… Read More

December 7, 2021 @ 9:00 am By JD Alois  |  

The HBAR Foundation, the entity that aims to boost the development of the Hedera ecosystem, has announced a partnership with DECA4, a blockchain consultancy based in the UAE. The partnership is expected to help build and support decentralized projects in the Middle East on the… Read More

December 6, 2021 @ 10:41 pm By Omar Faridi  |  

UniTeller, a global remittance payments processor with head offices in the US, has reportedly extended its remittance services to more clients residing in the Asia Pacific by teaming up with Malaysia’s cross-border payments Fintech Tranglo. UniTeller’s partnership with Tranglo will enable UniTeller to continue expanding… Read More

December 6, 2021 @ 10:15 pm By Omar Faridi  |  

i2c Inc., a provider of digital payment and banking tech, has announced its partnership with BEYON Money, the mobile super app introduced by Batelco Financial Services, which is the Fintech unit of Bahrain’s digital solutions and telecommunications provider. Backed by a recently-secured Open Banking license… Read More

December 6, 2021 @ 9:36 pm By Omar Faridi  |  

PeopleFund (CEO Joey Kim), South Korea’s online lending platform focused on consumer loans, announced recently the completion of a KRW75.9 billion (appr. $6.45 million) Series C round of funding raising from international financial institutions – which includes Bain Capital, Lending Ark Asia Secured Private Debt… Read More

December 5, 2021 @ 5:37 pm By JD Alois  |  

Uniti, an electric car firm based in Sweden that has raised funding online via crowdfunding offerings, a self crowdfunding round, as well as venture capital, says it must raise at least 5 million SEK (~$457,000) by December 10th or it is likely that Uniti will… Read More

December 5, 2021 @ 1:22 pm By Xu Gao  |  

The Ministry of Industry and Information Technology Issues the “14th Five-Year Plan for Big Data industry development” On November 30th, the Ministry of Industry and Information Technology released the “14th Five-Year Plan for the Development of Big Data Industry” (hereinafter referred to as the Plan)…. Read More

December 4, 2021 @ 2:59 pm By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security, has announced a new joint cooperation with Matrix USA, a US based firm that focuses on “building and strengthening business relationships in the… Read More

December 4, 2021 @ 10:02 am By Omar Faridi  |  

Gigacover, a Singapore-headquartered Fintech firm that offers gig workers with access to employment/worker benefits, has announced that it’s expanding its operations into the Philippines, which has a 1.5 million+ informal workforce. Gigacover provides freelancer workers with special incentives associated with maintaining regular employment. In statements… Read More

December 3, 2021 @ 9:35 pm By Tony Zerucha  |  

Payments and API banking solutions company Cashfree Payments this week announced an equity investment of $15 million in Telr, a Saudi  Arabia and United Arab Emirates-based payment service provider. With this investment, Cashfree becomes one of the largest shareholders in the company. Cashfree said this… Read More