Asia

November 10, 2021 @ 10:37 pm By JD Alois  |  

ADDX and Tokai Tokyo will provde access to digital securities in Japan following the receipt of a security token license by the Japanese Financial Services Agency. ADDX, formerly known as iSTOX, is an online marketplace for digital securities including fractional shares. ADDX  has been approved… Read More

November 10, 2021 @ 10:23 pm By Tony Zerucha  |  

Smart contract platform RSK’s expansion throughout the Philippines will result in more access to stablecoins for investors living in the country. Given their peg to existing assets such as fiat currencies, precious metals and, on occasion, other cryptocurrencies, stablecoins are less vulnerable to the wild… Read More

November 10, 2021 @ 10:02 pm By Tony Zerucha  |  

Artificial intelligence solutions company TruEra this week announced that it, along with its data partner Demyst, is one of the three winners of the Global Veritas Challenge 2021 at the Singapore Fintech Festival. The winning solution competed in the credit scoring and credit profiling category,… Read More

November 10, 2021 @ 3:36 pm By Tony Zerucha  |  

Fraxtor, a Singapore-based real estate tokenization investment platform, has raised $1.25 million in a pre-Series A funding round, the company announced this week. The event saw participation from family offices such as Baksh Capital and Andes Fund Management. The funds raised will be utilized to… Read More

November 10, 2021 @ 6:43 am By Omar Faridi  |  

One of Asia’s first multi-dealer digital loan platforms, iLex, reports $3 billion of assets listed and a network of more than 300 market participants iLex, which is one Asia’s first multi-dealer electronic market for corporate loans, has announced that it has $3 billion of assets… Read More

November 9, 2021 @ 2:50 pm By Tony Zerucha  |  

CBDCs have the potential to make a significant impact on global finance, but appropriate safeguards need to be in place, an official from the Monetary Authority of Singapore (MAS) said today. The industry gathered for the Singapore FinTech Festival, where one of the presenters was… Read More

November 8, 2021 @ 10:07 pm By Omar Faridi  |  

Tencent revealed at the Singapore Fintech Festival 2021 that it will be teaming up with the Asian Institute of Digital Finance (AIDF), which is an institute within the National University of Singapore (NUS) that has been established by the Monetary Authority of Singapore (MAS), the… Read More

November 8, 2021 @ 9:17 pm By Omar Faridi  |  

Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority (HKMA), recently noted during opening remarks at the AML Regtech Lab (AMLab) that it’s a great pleasure to welcome people to the very first AML Regtech Lab, or AMLab, which the HKMA is hosting… Read More

November 8, 2021 @ 9:13 pm By JD Alois  |  

Thunes, a global payments platform, will be integrated into Finastra’s SaaS payments connectivity platform – Fusion Total Messaging. According to Thunes, the new partnership will allowFinastra’s 8,600 customers to access new payment rails across 115+ markets, helping them to instantly send money. Dawei Wang, Head… Read More

November 8, 2021 @ 8:58 pm By Tony Zerucha  |  

Philippines-based digital lending marketplace SeekCap this week announced a partnership with Investree Philippines, an SEC-approved crowdfunding platform, to offer financing services to MSMEs in the Philippines.  Investree will provide purchase order financing and invoice financing to SeekCap customers. While, new to the region, this concept… Read More

November 8, 2021 @ 8:15 pm By Omar Faridi  |  

DataBP, the market data administration platform and service provider for exchanges, index and data providers, has announced that it is teaming up with the Singapore Exchange (SGX). SGX is reportedly joining a community of exchanges that will be leveraging DataBP’s platform and managed services to… Read More

November 8, 2021 @ 7:52 pm By Omar Faridi  |  

India-headquartered software-as-a-service (SaaS) Fintech ClearTax has acquired $75 million in funding via a Series C round. ClearTax’s investment round has been finalized in order to support the firm’s business expansion into the MENA region. The company said it would also enable ClearTax to further diversify… Read More

November 8, 2021 @ 1:04 pm By Omar Faridi  |  

Dubai-based Open Banking firm Tarabut Gateway recently secured $12 million in capital via a pre-Series A round. Tarabut Gateway’s investment round has reportedly been led by Tiger Global. Other investors made contributions as well, including new backers Dubai International Fintech Fund, which is an investment… Read More

November 8, 2021 @ 10:36 am By JD Alois  |  

Insurtech Igloo has partnered with HD to provide health-related micro-insurance products via the HDmall healthcare marketplace platform in Thailand. Muang Thai Insurance (MTI), a non-life insurance company, will be underwriting the health insurance products such as cancer and mobile syndrome insurance, and more, according to… Read More

November 7, 2021 @ 11:51 pm By Omar Faridi  |  

Krungsri (Bank of Ayudhya (PCL), one of Thailand’s biggest banks, has teamed up with global payments platform Nium in order to streamline their international transfer offerings for corporate and individual Krungsri clients. The partnership comes as research reveals that 82% of consumers in Thailand have… Read More

November 7, 2021 @ 10:52 pm By Omar Faridi  |  

Fintech app Plentina, a Buy-Now-Pay-Later (BNPL) platform for consumers residing in the Philippines, has reportedly teamed up with Shopee. Residents of the Philippines are able to download the Plentina app and acquire loans for vouchers to buy products via the Shopee app. Plentina’s management noted… Read More

November 7, 2021 @ 10:26 pm By Omar Faridi  |  

Hong Kong-based Currenxie, a cross-border payments platform, reveals that it has introduced a Visa card to offer businesses with a more convenient and secure way to  handle international  transactions. As mentioned in the announcement, the Currenxie Visa Business Card is presently available to the firm’s… Read More

November 7, 2021 @ 10:25 pm By Omar Faridi  |  

Hong Kong’s leading digital banking platform, ZA Bank, announced this week that starting from November 4, 2021, new users are able to get their loan application approval results  “instantly via ZA Bank’s official website, enjoying a seamless and convenient digital finance experience.” As mentioned in… Read More

November 7, 2021 @ 1:38 pm By Xu Gao  |  

Personal Information Protection Law Goes Into effect on November 1st On November 1st, the Personal Information Protection Law of the People’s Republic of China came into effect. According to the law, activities such as collection, processing, and trading of personal information will be strictly monitored,… Read More

November 7, 2021 @ 1:21 pm By Omar Faridi  |  

Croatian P2P lender Robo.cash has shared the performance of its loan originators for Q3 2021. The Robo.cash team writes in a blog post, dated November 2, 2021, that today, they’re updating clients on the results of the Robo.cash loan originators in Q3. UnaPay, the Philippines… Read More