Asia

October 17, 2020 @ 12:02 pm By Omar Faridi  |  

Open Banking developments in Singapore could lead to more changes in traditional banking processes than those that involve digital banking and related infrastructure upgrades. Singapore’s addressable loan market for digital banks is valued at around S$220 and S$243 billion, according to estimates from the Fintech… Read More

October 16, 2020 @ 12:33 pm By JD Alois  |  

OKEx, a top 20 crypto exchange, is under investigation by Chinese authorities according to a report. OKEx provides both spot and crypto derivatives trading. It has been widely reported that the price of Bitcoin tanked as word leaked out and OKEx suspended all withdrawals. The… Read More

October 16, 2020 @ 8:22 am By Samantha Hurst  |  

Novum Group, a Singapore-based blockchain advisory and investment firm, announced on Thursday the launch of its new free trading bot, CryptoHero. According to Novum, CryptoHero is a free cryptocurrency trading bot that is simple and intuitive for crypto beginners to setup and run. “CryptoHero portfolio… Read More

October 15, 2020 @ 11:07 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, is planning to integrate key services as a public chain service portal of China’s Blockchain Service Network. The integration of these services should offer a “low-threshold and convenient-access” development environment for… Read More

October 15, 2020 @ 6:35 pm By Omar Faridi  |  

Qatar is now well-positioned to provide a test-bed for creating business-to-business (B2B) Fintech solutions. The Middle Eastern nation has introduced its National Vision 2030 Strategy, which includes several Fintech-focused projects that should help with expanding and diversifying Qatar’s economy. Qatar’s financial technology sector has been… Read More

October 14, 2020 @ 8:22 pm By Omar Faridi  |  

The global digital banking market demand is expected to reach $12 trillion by 2026, according to a new report. The digital banking market from corporate banking is now on track to expand at an 8% CAGR from 2020 to 2026. This growth may be attributed… Read More

October 13, 2020 @ 8:28 pm By Omar Faridi  |  

OKCoin, a regulated crypto exchange which recently announced the launch of its Singapore offices, has revealed that it will be listing several (decentralized finance) DeFi assets including Chainlink (LINK), YF LINK (YFL), and DFI.money (YFII). OKCoin recently listed several major DeFi focused tokens including Compound… Read More

October 13, 2020 @ 8:04 pm By Omar Faridi  |  

David Laird, CEO at modul8, a Melbourne based financial services firm, confirms that his company has teamed up with Nium in order to build better payments solutions in Australia and Southeast Asia. Nium is a global finance infrastructure firm. It will offer payment card-issuing services… Read More

October 13, 2020 @ 5:28 pm By Omar Faridi  |  

iLex, a Fintech firm that is focused on improving the corporate loan market, has partnered with Refinitiv through its LPC brand, in order to integrate their loan solutions and redistribute LPC loan market data via the iLex platform. As mentioned in a release shared with… Read More

October 13, 2020 @ 10:15 am By JD Alois  |  

OurCrowd, the leading global investment crowdfunding platform, and the Emirates Angels Investors Association, an Emirati angel investment network, held an online event today allowing Israeli investors and entrepreneurs a first glimpse of the tech opportunities available in the United Arab Emirates following the historic diplomatic… Read More

October 13, 2020 @ 9:58 am By JD Alois  |  

Vested Finance, an online investment platform that enables Indian investors to invest in the US stock market, is reporting that total investments in the US markets from India grew by 150% from Q1 to Q2 while new accounts jumped by 70%. Vested Finance is a… Read More

October 13, 2020 @ 9:29 am By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), which aims to serve as a global financial center and hub for the MENA region, says it’s always working to ensure the economic well-being of its community members. ADGM has released its State of Sustainable Finance Report – which outlines… Read More

October 12, 2020 @ 11:16 pm By Omar Faridi  |  

Bianjie and the Wuhan Run He De Kang (RHDK) have partnered to implement a blockchain or distributed ledger technology (DLT) enabled Epidemic Early Warning System, in order to help in the fight against Covid-19. As mentioned in the announcement, Wuhan RHDK is a healthcare-focused, Big… Read More

October 12, 2020 @ 9:19 pm By Omar Faridi  |  

The AMTD Group, a financial services company rooted in Hong Kong and based in the Greater Bay Area with a global focus, has revealed that the Weihai City Commercial Bank Co., Ltd. (based in Weihai, Shandong Province – marine economy demonstration zones of China) was… Read More

October 12, 2020 @ 8:39 pm By Omar Faridi  |  

UAE based Fintech Galaxy, a Fintech marketplace and innovation platform, has teamed up with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in order to launch a virtual hackathon – which focuses on supporting financial inclusion and encourages regulatory collaboration in the MENA region. According to… Read More

October 12, 2020 @ 4:34 pm By Omar Faridi  |  

Utsav Somani, partner at AngelList India, has revealed that they’re launching a new fund, called iSeed Southeast Asia. Somani notes that the project is being led by Wing Vasiksiri and it’s reportedly backed by Naval Ravikant, the co-founder, chairman and former CEO of AngelList, and… Read More

October 11, 2020 @ 10:20 pm By Samantha Hurst  |  

  Gemini Trust Company, LLC (Gemini), a cryptocurrency exchange and custodian, recently announced it has appointed Andy Meehan as Chief Compliance Officer of Asia Pacific Region. According to Gemini, Meehan will oversee Gemini’s strategic compliance and regulatory relationships in the region, maintaining Gemini’s commitment to… Read More

October 11, 2020 @ 4:00 pm By Omar Faridi  |  

The Bank of Korea (BOK), the reserve bank of the Republic of Korea and issuer of South Korean won, is reportedly planning to issue and circulate a central bank digital currency (CBDC) by next year. As first reported by the Korean Times, the BOK will… Read More

October 11, 2020 @ 3:58 pm By Omar Faridi  |  

VeChain, the developer of blockchain-based solutions for enhancing supply chain management processes (among other use cases), has published its Financial Executive Report. VeChain says that it regularly releases its comprehensive financial report to promote greater “transparency, openness, and fairness.” The VeChain team noted that its… Read More

October 11, 2020 @ 12:50 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, has published its monthly report – which goes over the platform’s main community and technical updates. Daniela Pavin from IRISnet notes that in September 2020, Harriet Cao, the co-founder at IRISnet,… Read More