Asia

UK Fintech Rapyd Launches Singapore Platform to Enable Businesses to go Cashlee

Rapyd, a global Fintech-as-a-service provider, announced last week the launch of its new Singapore platform to enable businesses to go cashless. Rapyd claims that the platform will bring greater convenience to local consumers and businesses, by enabling consumers and businesses to easily make payments electronically,… Read More

Pundi X Signs MoU With Borghese Ventures to Enable Blockchain Tech Rollout in Cyprus

Singapore-based Pundi X announced this weekend it has signed a Memorandum of Understanding (MoU) with artificial intelligence firm Borghese Ventures to explore the implementation of blockchain technology for private and public sectors based in Cyprus. Pundi X reported that with the MoU it and Borghese Ventures will… Read More

End to End Digital Securities Facilitator Propine Accepted into Monetary Authority of Singapore Fintech Sandbox

Propine, described as a comprehensive securities services provider for digital securities, has been accepted into the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox.  Singapore is a prominent Fintech hub and has pushed forward on the emerging digital security sector powered by distributed ledger technology. … Read More

Open Banking and Compliance Platform Railsbank Establishes Business Offices in Singapore

Singapore has been ranked number one in Asia and eighth worldwide when it comes to innovation and embracing the latest technologies. Singapore is also recognized as one of the world leaders in key sectors including Fintech,  engineering, manufacturing, healthcare, biomedical sciences, urban solutions and sustainability,… Read More

China: WeiyangX Fintech Review

Alipay and WeChat Pay Open to International Visitors Previously, international tourists visiting China cannot enjoy the convenience of local mobile payment (Alipay & WeChat Pay) services if he/she did not have a Chinese mobile number and bank account. This changed this week. On November 7th,… Read More

Chinese Tech Giant Tencent to Launch a Blockchain-based Virtual Bank in Hong Kong

Chinese tech giant Tencent is reportedly preparing to launch a blockchain-enabled virtual bank, after the company obtained a license from the Hong Kong Monetary Authority (HKMA). Previously, Crowdfund Insider has reported that 8 virtual bank licenses have been issued with the most recent (4) being announced… Read More

Malaysia to Strengthen AML and Counter Terrorism Financing Framework By Imposing $6,000 Limit on Cash Transactions

Malaysia is reportedly planning to impose a $6,000 limit on cash transactions next year, according to the deputy governor of the nation’s central bank. The restrictions on cash payments is being placed in order to reduce the number of illicit financial activities. The limit on… Read More

New Spin on Asset Management, DEXTF Raises US$460K in Seed Funding Round

DEXTF, or “Decentralized Traded Funds,” a Singapore-based startup has raised USD $460,000 in an oversubscribed seed funding round led by LuneX Ventures and SGInnovate, according to a release. The partners at London-based hedge fund CDAM also participated in the funding round along with other undisclosed… Read More

San Francisco-based AngelList Launches New India-Focused Venture Capital and Angel Fund

San Francisco-based AngelList, a platform facilitating online capital formation and job-seekers interested in working at startups, has launched a new India-focused venture capital and angel fund, according to a report in the Economic Times. The newly launched fund will allow individuals to raise relatively small… Read More

The Japan Virtual Currency Exchange Association Joins the International Digital Asset Exchange Association

The Japan Virtual Currency Exchange Association (JVCEA) has signed a Memorandum of Understanding (MoU) with the International Digital Asset Exchange Association (IDAXA). This is the eighth national trade association in the sector to align with IDAXA. The goal is to provide a unified voice for… Read More

Hong Kong Securities Regulator: Stablecoin Cryptocurrencies Beg Global Rule Framework

Ashley Alder, CEO of the Hong Kong Securities and Futures Commission told attendees at Hong Kong Fintech Week on Wednesday that Facebook’s Libra has forced, “the international regulatory community…to get its act together very rapidly,” regarding the financial stability risks of stablecoin cryptocurrencies. He also said… Read More

“Dismissed” Bitmain Co-Founder, Micree Zhan, Vows Legal Action in Open Letter

Gavel Court Legal Trial Law rawpixel unsplash

Micree Ketuan Zhan, co-founder of Bitmain, the world’s largest manufacturer of cryptocurrency mining hardware, has promised in an open letter to take legal action against colleagues who “dismissed” him suddenly at the end of October. According to a translation of the letter obtained by The… Read More

Singapore: 20 Finalists for the 2019 Global Fintech Hackcelerator Announced

The Monetary Authority of Singapore (MAS) has announced the 20 finalists for the Global Fintech Hackcelerator as part of the 2019 Singapore Fintech Festival x Singapore Week of Innovation and TeCHnology (SFF x SWITCH). In a release, MAS said the finalists were selected from two… Read More

Vietnam’s TPBank Joins RippleNet to Make Faster and Cheaper Cross-Border Payments

Vietnamese Tien Phong Commercial Joint Stock Bank (TPBank) has reportedly teamed up with American Fintech Ripple, in order to join RippleNet, a decentralized network of financial institutions and service providers that allows users to conduct quick and cheap international transactions. Notably, TP Bank was among… Read More

Tandem Bank Announces Hong Kong Expansion

Tandem Bank is expanding into Hong Kong. The UK based challenger bank announced in a release that Tandem is working closely with Convoy Global Holdings on the launch. Tandem Bank expects to officially open up operations before the end of 2019. Convoy Global Holdings is… Read More

Chinese Payments Giant Alipay Launches New Prepaid Card Service for International Visitors

Hangzhou-based Alipay, a company that provides a mobile and online payments platform, has introduced a new prepaid card service for people visiting China. The card is reportedly supported by the Bank of Shanghai. The company’s announcement noted: “We heard you. You want to use Alipay… Read More

Report: North Korea Used Hong Kong Blockchain Platform for Money Laundering

The UN Security Council’s Sanctions Committee on North Korea has identified a Hong Kong business using a “blockchain platform” to launder money on behalf of the Pyongyang regime, Chosunilbo reports. The business, Marine China, reportedly, “set up a shipping and logistics firm run on a blockchain… Read More

Mitsubishi UFJ Financial Group Establishes a Security Token Research Consortium with Multiple Partners, Plans for Future of Digital Securities

Mitsubishi UFJ Financial Group (MUFG) (NYSE:MUFG) has established the Security Token Research Consortium (ST Research Consortium) to develop next-generation financial transaction services using blockchain technology. Japan has emerged as a robust market for the development of blockchain technology. MUFG  is one of the largest financial… Read More

Kapital Boost Receives Regulatory Approval in Indonesia to Provide P2P Crowdfunding for SMEs

Kapital Boost, an Islamic peer-to-peer crowdfunding platform for SMEs, has received regulatory approval from the Indonesian Financial Services Authority (OJK). Kapital Boost described the approval as “validation that its business model and processes are in accordance with Indonesia’s financial services regulatory requirements, which has gotten… Read More

Singapore-based DBS Bank Develops New Human-Robo Investment Service

Singapore-based DBS Bank, which provides services in consumer, SME, and corporate banking activities, has created a hybrid human-robo investment platform that can be accessed by its clients in Singapore. DigiPortfolio has been designed for new investors. The new investment service provides access to seven exchange-traded-funds… Read More

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