Asia

Crypto Mining Firm Ebang Is Now Listed on Nasdaq Global Market, Only Second Mining Company Listed on a US Stock Exchange

Chinese firm Ebang, a leading developer of cryptocurrency mining hardware, confirmed on June 26, 2020, that it had been listed on the Nasdaq Global Market (under the EBON ticker). Notably, Ebang is only the second Bitcoin mining equipment manufacturer to go public on a US… Read More

Tokai Tokyo Financial Holdings, a Huobi Japan Investor, to Launch Security Token Exchange

Tokai Tokyo Financial Holdings, a Japanese financial services holding company headquartered in Chūō, Tokyo with over 82 billion JPY in annual revenue, is planning to establish a security token exchange. Tokai Tokyo, which is primarily involved in offering brokerage services via its subsidiary Tokai Tokio… Read More

Qatar Now Ranked 2nd in MENA Region for Early-Stage Entrepreneurial Activity as Fintech Sector Expected to Grow Rapidly

Randy Rivera, Executive Director of FinTEx, a member-led community focused on promoting innovation and collaboration within Fintech in Qatar and the MENA region, has said that his organization continues to work with international financial services industry participants. During a June 23, 2020 virtual panel discussion… Read More

University Faculty Members from China and Singapore Make Disclosure Recommendations for Cryptocurrency Token Issuers

  The cryptocurrency market reached all-time highs of more than $800 billion during the initial coin offering (ICO) craze of 2017-2018. There were many huge scams carried out during this time, which involved seemingly promising, but too good to be true companies like BitConnect. While… Read More

House of Cards: Wirecard Management Says Ability to Continue as a Going Concern is Not Assured

Yesterday, it was reported that Wirecard AG (WDI:DE) had initiated bankruptcy proceedings as the company attempted to stave off a complete financial collapse created by a misplaced amount of funds totaling around €1.9 billion. Allegations of profound actions of fraud immediately followed as the former… Read More

India’s Department of Economic Affairs, the Reserve Bank (RBI), and Securities and Exchange Board of India Continue to Support Country’s Fintech Sector

K. Rajaraman, Additional Secretary, Investment and IER (International Economic Relations), in the Department of Economic Affairs, India, says that the country’s private sector should work cooperatively with the government to further improve and expand the Fintech ecosystem. Rajaraman said Fintech has enabled greater financial inclusion… Read More

PwC and Federation of Indian Chambers of Commerce & Industry Recommend that Banks, Fintechs Should Perform Video KYC Checks during COVID-19

A new report recommends that the Indian government should bring back subsidies for digital payments for transactions valued at less than INR 2,000 (appr. $26.50) and also implement Aadhaar-based electronic KYC checks for Fintechs, non-bank financial companies (NBFCs) and mutual funds. The report has been… Read More

India Remains a “Crucial” Market for the Dubai International Financial Center, Salman Jaffery, Chief Business Development Officer at DIFC Says

Fintech firms based in India and the United Arab Emirates (UAE) plan to continue working cooperatively in order to address key socio-economic changes and challenges resulting from the global COVID-19 outbreak. India and UAE’s financial hub Dubai aim to stay on top of major changes… Read More

Qatar Financial Center to Launch “Fintech Circle,” a Co-Workspace for Qualifying Financial Technology Firms Free of Charge for a Year

The Qatar Financial Center (QFC) Authority, a business and financial center based in Doha, recently confirmed that it remains focused on becoming a major hub for Fintech in the MENA and South Asia region. The Middle East region’s Fintech sector reportedly saw global investment increase… Read More

Largest Life Insurance Company in Singapore and Malaysia to Invest $70 Million in Axiata Digital’s Fintech Expanasion Plans

GREAT Eastern (Life Assurance), the largest life insurance company in Singapore and Malaysia, will be investing $70 million into Axiata Digital’s financial services business, in order to take part in the company’s Fintech-focused plans, according to Khor Hock Seng, group CEO at Great Eastern. The… Read More

Qatar Aims to Serve as Fintech Hub for Middle East, will Support US Investments in the Region, Industry Profesionals Confirm

Fahad Al Dosari, Commercial Attaché for the Embassy of Qatar in the US, has argued that the Middle Eastern financial hub is one of the world’s most stable economies. Dosari, whose statements came during a virtual panel discussion that covered Qatar’s evolving Fintech sector and… Read More

IPC, a Global Communications Solutions Provider for Financial Markets, Partners Digital Reasoning to Identify Regulatory Risks Faster

IPC, a global provider of communications and networking solutions for the financial markets, has teamed up with Digital Reasoning, an established AI solutions provider that aims to better interpret human communications and behaviors. As noted in a release shared with CI: “The strategic partnership will… Read More

Chennai based Neobank Kaleidofin Introduces KaleidoPay, a Digital Payments Solution for Non Bank Financial Companies

Chennai-based digital bank Kaleidofin has introduced a payments platform, called KaleidoPay, which lets non-bank financial company (NBFC) clients make digital payments. KaleidoPay digitizes payments, including customers’ savings contributions and insurance premiums. The platform’s software uses machine learning (ML) algorithms to process financial data. KaleidoPay can… Read More

Hong Kong Fintech Qupital to Provide Service to eBay’s Cross-Border E-commerce Sellers

Qupital, a Hong Kong-based trade finance platform, announced on Wednesday it has entered into an agreement with leading global e-commerce platform eBay as one of its officially recommended Hong Kong financing service providers. According to Qupital, the collaboration will enable the Asian fintech to provide “quality,… Read More

KuCoin P2P Fiat Market Supports Buying Crypto With USD Through PayPal

Singapore-based global cryptocurrency exchange KuCoin announced on Wednesday its P2P Fiat Market added support for US Dollars (USD), allowing traders to buy cryptocurrencies like USDT, BTC and ETH with USD through PayPal and other payment methods. According to KuCoin, This is another mainstream fiat currency… Read More

Former Wirecard COO May Have Absconded to the Philippines – Report

The collateral damage of the alleged Wirecard (WDI.DE) fraud will not be fully understood for weeks or months. Earlier this week, disgraced former CEO Markus Braun was arrested by Munich Police. He was soon back out on the street after ponying up a €5 million… Read More

Circle Joins with Algorand Foundation on USDC Stablecoin on Algorand Blockchain

The Algorand Foundation and Circle have partnered to bring a stablecoin, USD Coin (USDC) using the Algorand blockchain. The implementation is scheduled for Q3. The move was described as a shift away for Ethereum and its congested network and affiliated high fees and performance limitations…. Read More

Fintech Adoption: Over 80% of Middle East Consumers Say they’re Willing to Use Financial Technology Apps

Over 80% of banking customers in the Middle East say they’re ready or willing to use Fintech apps, however, many traditional lenders have not started integrating financial technology products, according to a recent study by Big Four auditing firm Deloitte. The study revealed that 18%… Read More

Binance China Blockchain Institute Partners with NYSE Listed Xinyuan Group to Develop Real Estate Services

Binance China Blockchain Institute, the research institute of crypto exchange Binance, has announced a partnership with Xinyuan Group (NYSE:XIN), a Chinese real estate company working on incorporating blockchain technology in the global real estate industry including in New York City. Xinyuan Group previously launched “UPRETS,” a… Read More

MoneyGram Teams Up With Korean Fintech Global Money Express to Further Accelerate Digital Growth

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a partnership with Korean fintech, Global Money Express (GME). According to MoneyGram, the partnership enables GME customers to connect to the MoneyGram platform and distribution network in more than 200 countries and… Read More

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