Asia

September 6, 2020 @ 1:51 pm By Omar Faridi  |  

Blockchain-based decentralized identity authentication services (DID) could potentially replace public certificates that are used for financial services, which may include those for mobile banking. This particular use case was recently commercialized for the very first time by South Korea’s Shinhan Bank. As mentioned in a… Read More

September 5, 2020 @ 2:29 pm By JD Alois  |  

Singapore recently completed a pilot program for a blockchain-based multi-currency payments network prototype. Project Ubin, launched in 2016, engaged with several private parties as well as government entities seeking to better understand the benefits of blockchain technology. The prototype was developed in collaboration with JPMorgan (NYSE:JPM) and… Read More

September 4, 2020 @ 8:33 pm By Omar Faridi  |  

Fintech lenders in India are reportedly looking for ways to implement the Reserve Bank of India’s (RBI) loan restructuring scheme. Non-bank Indian companies and online lending platforms are trying to rework their loan collection and overall business strategies, according to the ET, which cited sources… Read More

September 4, 2020 @ 7:41 pm By Omar Faridi  |  

Contactless transactions are expected to double the number of digital payments to $8.26 trillion by 2024, which is a key Fintech trend that has been accelerated due to COVID-19. Businesses are increasingly using contactless technology to improve customer experience and help them make secure payments,… Read More

September 4, 2020 @ 7:17 pm By Omar Faridi  |  

Digital solutions provider Thales is reportedly supplying the Commercial Bank of Kuwait (CBK) with its Gemalto Trusted Services Hub (TSH), which will allow the bank’s customers to perform secure contactless payments from their smartphones. According to a release, a tokenization process will be used to… Read More

September 4, 2020 @ 10:14 am By JD Alois  |  

Speedy blockchain Zilliqa has announced its 2020-2021 cohort of companies participating in the ZILHive Accelerator program, a 6-month blockchain startup accelerator designed to support early and late-stage startups may use the Zilliqa protocol to build blockchain solutions. According to Zilliqa, this year’s cohort has been… Read More

September 4, 2020 @ 8:15 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday it has launched a French version of its mobile and exchange. The company revealed that the debut is part of its mission of accelerating “the world’s transition to cryptocurrency.” Crypto.com also revealed that since rolling out the… Read More

September 3, 2020 @ 10:07 pm By Omar Faridi  |  

It seems like business as usual at South Korea’s largest crypto exchange Bithumb, as it recently added trading support for Polkadot (DOT) tokens, which now have a market cap of more than $5.6 billion, making it one of the largest digital assets in terms of… Read More

September 3, 2020 @ 10:43 am By Samantha Hurst  |  

BitGo, a digital asset financial services provider, announced on Wednesday that Bitgate, a Financial Services Agency (FSA) regulated exchange based in Japan, has selected its Self-Managed Custody solution to hold Bitgate customers’ digital assets securely and meet new regulations. According to BitGo, The regulations came… Read More

September 2, 2020 @ 11:48 pm By Omar Faridi  |  

Sameer Nawani, Chief Representative of the Dubai Chamber’s International Office in Mumbai, has noted that the digitization and ongoing growth in technology will lead to significant changes in financial and healthcare services. Nawani, whose comments came during a recent webinar about the impact of COVID-19… Read More

September 2, 2020 @ 10:41 pm By Omar Faridi  |  

South Korea based Shinhan Bank, one of the nation’s largest financial institutions, has established a Fintech lab in order to work closely with other IT and financial technology firms in other countries. Shinhan Bank reportedly began remodeling its Myeongdong branch building in order to set… Read More

September 2, 2020 @ 9:37 pm By Omar Faridi  |  

Indonesia based Tokopedia, an e-commerce marketplace that had announced a $1.5 billion funding round from Softbank, Alibaba, Temasek back in January 2020, has introduced Dhanapala, a standalone or independent peer to peer (P2P) Fintech lending platform. The Dhanapala app is currently available for download to… Read More

September 2, 2020 @ 9:34 pm By Omar Faridi  |  

Asian Fintech firm GoBear, which secured $17 million in capital in May 2020 to expand operations, has reportedly decided to lay off 22 staff members – which includes 6 workers based in Singapore. GoBear’s management has also laid off employees based in Ukraine, Vietnam, and… Read More

September 2, 2020 @ 1:26 pm By Samantha Hurst  |  

Ant Group announced on Wednesday new dates for the INCLUSION Fintech Conference, which will be September 24th to 26th. The event originally was set to take place in April 2020, but due to the COVID-19 pandemic, it was put on hold. According to Ant Group,… Read More

September 2, 2020 @ 8:45 am By Omar Faridi  |  

Delivery Hero, a Berlin-based online delivery platform operating in the Middle East, has teamed up with Mastercard in order to digitize its entire payment process across all its products offered to MENA region customers. Delivery Hero app users will have the option to pay for… Read More

September 1, 2020 @ 11:29 pm By Omar Faridi  |  

Fintech firm Niyogin, which is listed on the BSE (previously called Bombay Stock Exchange and located at Datal Street, Mumbai), has acquired a majority 51% stake in iServeU for INR 592 million (appr. $8 million) in a cash and stock deal. Niyogin aims to develop… Read More

September 1, 2020 @ 11:21 pm By Omar Faridi  |  

Pakistani Fintech firm Safepay recently received an investment from Y Combinator and it’s now planning to become “the Stripe of Pakistan.” Karachi-headquartered Safepay has notably become the first Pakistani Fintech to complete Y Combinator’s program for startups. The company was reportedly a part of YC’s… Read More

September 1, 2020 @ 8:43 pm By Omar Faridi  |  

Singapore based Fintech firm Atlantis has reportedly launched a digital bank in India. The company’s business aims to target the estimated $15.7 billion global Millennial banking market. The neobank will mainly focus on serving Millennials (people born around 1980 to 1996) and Gen Z (born… Read More

September 1, 2020 @ 5:44 pm By JD Alois  |  

The Singapore Exchange (SGX) has completed a digital bond issuance in partnership with Temasek and HSBC. The security was issued via SGX’s digital asset issuance, depository, and servicing platform and is the first type of offering completed by the exchange. According to a note posted… Read More

September 1, 2020 @ 5:18 pm By JD Alois  |  

SPiCE VC has listed its digital security on Fusang Exchange, a regulated securities exchange that operates in Singapore and Hong Kong. Fusang has been licensed by Malaysian regulators. Fusang Exchange supports both cryptocurrencies as well as digital securities and claims to be the first fully… Read More