Hong Kong based WeLab Bank, a newly-launched digital bank, reports that its total number of clients has exceeded 100,000 (registered users). As noted in a release shared with CI: “Riding on the strong momentum in customer growth in the first half of 2021, the Bank… Read More
Read more in: Asia, Fintech | Tagged digital bank, digital banking, hong kong, virtual banking, welab, welab bank
M2P Solutions, the API Infrastructure firm that launched operations earlier in 2021 with Abu Dhabi as one of its headquarters, has received its Visa Ready-certification which should help the company with working cooperatively with banks that are based in the MENA region. The company will… Read More
Read more in: Fintech, Asia, Global | Tagged abu dhabi, banking, madhusudanan r, mena, mena region, middle east, uae, united arab emirates, visa
UNObank has received a digital bank license in the Philippines, according to a note from the company. Singapore-based Fintech DigibankASIA Pte. Ltd., creator of UNObank, has received approval from the Bangko Sentral ng Pilipinas (BSP) to operate a bank in the Philippines. The company claims… Read More
Read more in: Asia, Fintech | Tagged banking, digital bank, manish bhai, Philippines, puneet gupta, singapore, unobank
The State Bank of India (SBI) (NSE:SBIN), a multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra, reports that it has made a strategic investment in Paypal-incubated digital payments Fintech Cashfree. Launched in 2015, the Bengaluru-headquartered Fintech firm handles more than… Read More
Read more in: Asia, Fintech | Tagged akash sinha, Bengaluru, cashfree, digital payments, india, mumbai, payments, sbi, state bank of india
Alibaba-backed One97 Communications, which owns mobile payments firm Paytm, has received a green nod from its board to go public. In a letter to all its stakeholders and employees having stock options, the company said it had received in-principle approval from its board to issue… Read More
Read more in: Fintech, Asia | Tagged alibaba, digital payments, fintech, ipo, paytm
Canaan Inc. (NASDAQ: CAN), an established high-performance computing solutions provider, revealed on Monday (June 7, 2021) that it has launched its first international after-sales service center, based in Kazakhstan. According to a release shared with CI, the new Service Center will offer Canaan‘s domestic clients… Read More
Read more in: Blockchain & Digital Assets, Asia, Global | Tagged bitcoin, btc mining, canaan, crypto mining, crypto-assets, digital assets, kazakhstan, mining, nangeng zhang, nasdaq
Earlier this week, Philippines-based Netbank, a banking as a service (BaaS) platform, went live in the Southeast Asian country. Netbank has reportedly been developed by an experienced team of international and local banking professionals. Like the country’s digital bank Tonik, Netbank is a fully regulated banking… Read More
Read more in: Asia, Fintech | Tagged baas, digital banking, fintech adoption, fintech trends, gus poston, neobank, neobanking, netbank, Philippines, southeast asia
Rizal Commercial Banking Corporation’s (RCBC) in the Philippines has revealed that its financial inclusion super app DiskarTech has been used widely as a disbursement platform for social aid, loans proceeds, dividends, and for making virtual payments. Since the community quarantines began (following the COVID-19 outbreak)… Read More
Read more in: Asia, Fintech | Tagged banking, digital banking, digital financial services, diskartech, eugene s. acevedo, financial inclusion, financial services, lito villanueva, payments, Philippines, rcbc, southeast asia
Ata Plus, an equity crowdfunding platform and Recognized Market Operator (RMO) that has been registered with the Securities Commission Malaysia, recently revealed that it has appointed Karen Puah to serve as its Chief Operating Officer. Ata Plus is a blockchain enhanced Equity Crowdfunding online platform,… Read More
Read more in: Asia, Blockchain & Digital Assets, Investment Platforms and Marketplaces | Tagged ata plus, crowdfunding, equity crowdfunding, malaysia, new appointments, southeast asia, women changing finance
Nervos, China’s leading public blockchain, and the team at IOHK, a global blockchain engineering firm and creators of the Cardano (ADA) blockchain, recently revealed that they are forming a cross-chain bridge that will link the Cardano and Nervos networks. As mentioned in a release shared… Read More
Read more in: Asia, Blockchain & Digital Assets, Global | Tagged ada, ada tokens, Blockchain Development, blockchain interoperability, cardano, china, dapps, Decentralized Applications, decentralized finance, defi, distributed ledger technology, dlt, iohk, kevin wang, mainland china, nervos, open source, permissionless blockchains, public blockchains, romain pellerin, software development
iDenfy recently revealed that their partnership with Kazakhstan’s Fintech firm ITCS Trade Ltd. will involve iDenfy offering ID verification services for new clients that sign up for the ITCS Trade trading platform. The ITCS team notes: “Our vision at ITCS Trade is to provide you… Read More
Read more in: Asia, Regtech & Legaltech | Tagged aml, digital identity, id verification, idenfy, identity verification, kazakhstan, kyc
The People’s Bank of China Launches a Pilot Scheme for Integrated Application of Financial data The People’s Bank of China has launched a pilot scheme for the integrated application of financial data across the country. Commercial banks, clearinghouses and non-bank payment platforms from Beijing, Jiangsu,… Read More
Read more in: Asia, Featured Headlines, Fintech | Tagged cbdc, china, digital yuan, peoples bank of china, weiyangx, xu gao
Adyen (AMS: ADYEN), a global payments solution provider based in the Netherlands, recently revealed that it’s expanding its local acquiring services to the United Arab Emirates (UAE). With acquiring capabilities now available in the UAE, Adyen aims to offer local and global companies with an… Read More
Read more in: Fintech, Asia, Global | Tagged acquiring services, adyen, europe, mastercard, mena, mena region, middle east, sander maertens, uae, united arab emirates, visa
VeChain, a leading blockchain platform for supporting supply chains among other use cases, has announced that together with DNV, they are enabling Renji Hospital (in China) to launch the very first blockchain-enabled IVF Service App, called MyBaby. As mentioned in an update from VeChain Foundation,… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged china, data management, distributed ledger technology, dlt, healthcare, mainland china, medical technology, renji hospital, shanghai, sunny lu, vechain, vechain foundation, vechainthor
Mambu, a Germany-based SaaS banking platform provider, announced earlier this week it has teamed up with Google Cloud to power Bank Jago, a Indonesia-based digital bank. Mambu reported that Bank Jago is considered the first organization to benefit from the Bambu-Google Cloud collaboration. Jago… Read More
Read more in: Fintech, Asia | Tagged bank jago, digital banking, google cloud, indonesia, mambu, online banking, partnership
Following the Abraham Accords, initiated by the Trump administration that saw the normalization of relations between the UAE and Bahrain, OurCrowd – a top global early-stage investment platform, moved quickly to announce relations with middle east gr0ups. After quietly working behind the scenes for years,… Read More
Read more in: Global, Asia, Investment Platforms and Marketplaces | Tagged dubai, israel, jon medved, ourcrowd, uae
Dutch payments Fintech Recharge.com has expanded its services in the Middle East. Headquartered in Amsterdam, the Fintech specializes in digital gift and prepaid cards for local and global brands like Netflix, Spotify, and Xbox. Recharge is now operating in the Kingdom of Saudi Arabia and… Read More
Read more in: Asia, Fintech, Global | Tagged günther vogelpoel, netherlands, payments, recharge.com, saudi, uae
Taulia, a U.S.-based working capital solutions provider, announced on Tuesday it has expanded its global footprint by growing its presence in both China and Singapore. Founded in 2009, Taulia claims to be a leading provider of working capital solutions. Through a combination of its… Read More
Read more in: Fintech, Asia | Tagged asia, china, expansion, fintech, singapore, taulia, u.s., united states
INX Limited has announced a partnership with GMO-Z.com Trust Company, Inc. The collaboration aims to offer the world’s first regulated stablecoin backed by the Yen or GYEN and made available to both retail and institutional customers. INX will also be integrating GMO Trust’s USD-backed stablecoin,… Read More
Read more in: Asia, Blockchain & Digital Assets, Global | Tagged douglas borthwick, gmo internet group, gyen, inx limited, japan, ken nakamura, stablecoin
Earlier this week, the Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Center for Financial Health program, introduced an accelerator to support the Islamic Fintech innovation ecosystem in the Southeast Asian country. The program, known as the FIKRA Islamic… Read More
Read more in: Asia, Fintech | Tagged accelerator, islamic finance, islamic fintech, malaysia, securities commission malaysia, sharia'h compliant, southeast asia, startups, uncdf, united nations
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