Asia

June 25, 2021 @ 8:34 pm By Omar Faridi  |  

Prove, which offers an innovative way of proving identity by requiring only a phone number, reveals that it has integrated TransUnion’s TruValidate identity verification solution into its product offering so that it can offer a new, instant, digital identity service in Hong Kong. The launch… Read More

June 25, 2021 @ 10:31 am By Omar Faridi  |  

Senior management professionals from Fintech giants such as Grab, PayPal, and Stripe have all come together to establish an angel investment network that will aim to channel funds towards early-stage ventures based in Southeast Asia. Established with assistance from Saison Capital and Finantier, the Fintech… Read More

June 24, 2021 @ 11:45 pm By Omar Faridi  |  

The Saudi cabinet has reportedly granted a digital banking permit to STC Pay, a virtual payments solution provider that’s a wholly owned subsidiary of Saudi Telecom. STC Pay will now be converted into a domestic virtual bank, with a capital of SAR 2.5 billion (appr…. Read More

June 24, 2021 @ 11:06 pm By Omar Faridi  |  

Hg Exchange (HGX), a private securities exchange established by a group of capital market intermediaries, reveals that it has graduated from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognized Market Operator (RMO) license. With its RMO permit, HGX may now serve… Read More

June 24, 2021 @ 1:47 am By Omar Faridi  |  

Singapore-based Hugo, a digital wealth and savings app, recently revealed that they’ve acquired $2 million in capital via a seed round from 1982 Ventures, established family offices and angel investors. With the proceeds from its investment round, Hugo stated that it will be introducing additional… Read More

June 24, 2021 @ 1:17 am By Omar Faridi  |  

Saudi Arabia-based Tweeq, a provider of spending accounts for individuals and small businesses operating across the country, revealed that it has finalized an undisclosed seven-figure funding round, which has been co-led by STV and Raed Ventures. As noted by the company’s management: “Our mission is… Read More

June 24, 2021 @ 12:14 am By Omar Faridi  |  

Mobiquity, a full-service digital transformation service provider, revealed that it has expanded its operations into the Asia-Pacific. The company’s APAC expansion will be supported by the appointment of ex- Microsoft and IBM Director, Gustavo Quiroga, who will be serving as Vice President of Business Development… Read More

June 23, 2021 @ 10:55 pm By Omar Faridi  |  

Bank CTBC Indonesia, which operates as a special unit of CTBC Bank, an established private bank in Taiwan, recently revealed that it has introduced a digital lending platform for a personal loan product, known as KTA Dana Cinta. The KTA Dana Cinta product lets you… Read More

June 23, 2021 @ 10:47 pm By Omar Faridi  |  

A Mubadala-backed Fintech firm in Dubai has acquired a substantial amount of debt financing. This new round of funding for tabby reveals that Buy Now, Pay Later or BNPL companies are attracting a lot of business as the Fintech sector evolves rapidly with a rise… Read More

June 23, 2021 @ 9:01 pm By Priyanka Pani  |  

India is witnessing a spurt in the growth of Fintech, aiming at improving the banking experience for millions of blue-collar workers who universal lenders often ignore. These fintech startups that like to call themselves neo-banks have suddenly become the most sought after by domestic and… Read More

June 22, 2021 @ 11:51 pm By JD Alois  |  

Rsquare Technologies, a Bahrain-based Regtech, has won the Central Bank of Bahrain’s SuperNova 2021 ‘Regtech Innovation Challenge’. The Bahrain SuperNova Challenge was launched by the Central Bank of Bahrain (CBB) with the aim to further Bahrain’s Fintech industry’s development. Rsquare Technologies is a resident of one… Read More

June 22, 2021 @ 8:03 pm By JD Alois  |  

Sotheby’s, the top global auction house, says it will accept cryptocurrency, specifically Bitcoin or Ether, as payment for an enormous diamond. The 101.38-carat pear-shaped D colour flawless diamond, said to be one of the largest of its kind to go to auction, will go under… Read More

June 22, 2021 @ 7:44 pm By Priyanka Pani  |  

In a major crackdown, the Iranian police have seized 7,000 crypto mining machines blamed for massive power outages in the country, as per its state media. The police  7,000 computer miners were seized in an abandoned factory in the west of the capital city of… Read More

June 21, 2021 @ 11:27 pm By Omar Faridi  |  

Standard Chartered (the Group) recently revealed that it will be appointing Roel Louwhoff who will be serving as the new Group Chief Digital, Technology & Innovation Officer. Louwhoff previously worked as Chief Operations and Transformation Officer at ING since 2014. According to an update from… Read More

June 21, 2021 @ 10:31 pm By Omar Faridi  |  

Progcap, a company focused on corporate-led “last mile” retailer financing solutions for Indian markets, has acquired $25 million in equity capital as part of its Series B round that was led by Tiger Global along with participation from existing investor, Sequoia Capital India. Progcap says… Read More

June 21, 2021 @ 7:51 am By Omar Faridi  |  

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, recently noted that the Bitcoin market is continuing its consolidation pattern. As mentioned in an update from BitOoda, $30,000 has “proved to be a support level for now.”… Read More

June 20, 2021 @ 10:02 pm By Omar Faridi  |  

Earlier this week, Singapore-headquartered digital wealth management service provider Endowus confirmed that it had appointed Wei Mei Tan as its Chief Advisory Officer. In her role at Endowus, Wei Mei will be expected to lead strategic initiatives in order to accelerate the company’s ongoing growth… Read More

June 20, 2021 @ 9:08 pm By Omar Faridi  |  

Indonesia-based Brankas, an Open Banking services provider, recently revealed that it has managed to exceed 10 million monthly API calls with more than 80 network partners. The Brankas platform currently operates in over six different countries and has teamed up with over 30 financial institutions… Read More

June 20, 2021 @ 8:28 pm By Omar Faridi  |  

Indonesia-based Finantier, an open finance API platform, has secured an undisclosed 7-figure sum through a seed round that was led by Global Founders Capital and East Ventures. Finantier’s latest investment round was oversubscribed. The capital was raised at a post-money valuation of over 20 times… Read More

June 20, 2021 @ 7:18 pm By Omar Faridi  |  

Singapore‘s United Overseas Bank (UOB), a multinational banking organization with branches mostly based in Southeast Asian countries, has reportedly used Marketnode’s digital asset issuance, depository and servicing platform to issue a new bond offering valued at SGD 600 million (appr. $446 million), with a final… Read More