Asia

July 27, 2020 @ 10:49 pm By Omar Faridi  |  

Indian startup Navi Technologies, a company that aims to make financial services simple, affordable, and more accessible, has become one of the leading Fintech lending applications in the country in just a few months after its launch, according to Sachin Bansal, the company’s co-founder. Bansal,… Read More

July 27, 2020 @ 11:49 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has distributed a letter asking “authorized firms” to support the development of regulatory technology or Regtech. The HKMA says its ultimate objective is to inspire firms like banks to adopt Regtech to enhance the effectiveness of their risk management… Read More

July 27, 2020 @ 8:15 am By Omar Faridi  |  

Financing for SMEs is severely limited in certain regions of the world. Many different peer to peer (P2P) lending platforms have been launched in order to provide much-needed capital to small businesses. The SME Finance Forum reveals that 41% of formal micro, small and medium… Read More

July 27, 2020 @ 7:38 am By Samantha Hurst  |  

StashAway, a company that claims to be the first robo-adviser to receive a retail license in Singapore, announced on Monday it secured $22.3 million SGD ($16 million USD) Series C fundraising round led by Square Peg. This investment round comes one year after StashAway raised… Read More

July 26, 2020 @ 9:45 pm By Omar Faridi  |  

The Dubai International Financial Center (DIFC) and Jiaozi Fintech Dreamworks, a Chengdu, China-based Fintech innovation platform, have agreed to allow financial technology firms in both China and the UAE to take advantage of new opportunities by accessing each others’ respective markets. Under the agreement, the… Read More

July 26, 2020 @ 7:44 pm By Omar Faridi  |  

Capital Banking Solutions, a multinational provider of integrated banking software, revealed on July 24, 2020, that TBC Bank will be one of the first digital banks in Uzbekistan. The subsidiary of the TBC banking group in Georgia went live with Capital Banking Solutions’ open platform,… Read More

July 26, 2020 @ 1:18 pm By Omar Faridi  |  

The Electric Coin Company (ECC), which supports the development of Zcash (ZEC), a privacy-oriented cryptocurrency, recently revealed that Liquid will be delisting ZEC along with 28 other digital currencies or tokens because the Japanese crypto trading platform is planning to apply for a license to… Read More

July 25, 2020 @ 10:37 pm By Omar Faridi  |  

The stakeholders and other ecosystem participants of the Islamic Fintech sector have outlined key priority areas that they believe will help with reinforcing and promoting financial inclusion in Malaysia. The REDmoney Group, an Islamic Finance News publisher, and the Malaysia Digital Economy Corporation (MDEC) have… Read More

July 25, 2020 @ 6:00 pm By Xu Gao  |  

Buy Insurance for Your Pet on Alipay On July 20th, Alipay started to offer pet insurance in collaboration with China Continent Insurance and ZhongAn Insurance. The pet insurance will use nose print recognition to register pets when you purchase the policy and verify pets when… Read More

July 25, 2020 @ 3:21 pm By Omar Faridi  |  

CenterPrime, a private Hyperledger based blockchain platform with access to the South Korean Open Banking API, is now sharing foreign exchange (FX) rate data from large Korean banks to Chainlink’s decentralized oracle network. Participating banks include Hana Bank, Shinhan Bank, Nonghyup Bank, and Industrial Bank… Read More

July 24, 2020 @ 9:47 am By JD Alois  |  

Carlos Ghosn, once the Chairman of Nissan and now a bit of a fugitive, fled Japan in 2019 after being charged by authorities for allegations of misappropriated funds pertaining to the automotive firm. In December of 2019, Ghosn evaded the watchful eyes of Japenese authorities… Read More

July 23, 2020 @ 11:15 pm By Omar Faridi  |  

IslamicMarkets Ltd, an established learning and market intelligence provider for Islamic financial and commercial markets (with offices in London and Kuala Lumpur), has reportedly acquired additional funding from the DDCAP Group. Both companies are committed to expanding the global Islamic economy and supporting the development… Read More

July 23, 2020 @ 1:15 pm By Samantha Hurst  |  

  Singapore-based blockchain developer Pundi X announced on Thursday its support for Wanchain’s cross-chain assets into all XPOS devices. According to Pundi X, coins such as WAN, the Wanchain native coin, WBTC, WEOS, and WETH will be added as cryptocurrencies to the XPOS point-of-sale systems… Read More

July 23, 2020 @ 12:18 pm By Omar Faridi  |  

Open-source blockchain platform Nervos announced on July 22, 2020 that it’s planning to integrate with China’s Blockchain-based Services Network (BSN). Nervos claims that it will be one of the first public blockchains to join the distributed ledger technology (DLT)-powered network. As mentioned in a release… Read More

July 22, 2020 @ 1:32 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Tuesday it has expanded its identity verification capabilities to Vietnam through GlobalGateway, an identity verification marketplace. According to Trulioo, the extended GlobalGateway coverage will help organizations accurately and efficiently verify consumers and business entities throughout Vietnam…. Read More

July 22, 2020 @ 1:10 pm By Omar Faridi  |  

The Qatar Development Bank (QDB), an institution offering financial services, banking and loans for the development of the Middle Eastern nation’s industrial, tourism, educational, health care, (and other sectors), recently confirmed that it aims to accelerate the digital transformation of the financial services industry in… Read More

July 22, 2020 @ 9:51 am By Omar Faridi  |  

Singapore-based Percipient, a digital banking technology firm, has reportedly secured SGD $7 million (appr. $5 million) in capital from Stat Zero, a California headquartered VC firm. Percipient said that the funds raised will be used to support the upcoming launch of the company’s “digital twin… Read More

July 22, 2020 @ 9:17 am By JD Alois  |  

Similar to just about every other annual event, InvestHK transitioned to a virtual event for this year’s StartmeupHK Festival. According to a release by the organizers, the event went quite well as it apparently attracted over 181,000 attendees in the midst of the COVID-19 health… Read More

July 21, 2020 @ 11:55 pm By Omar Faridi  |  

Cities throughout China are planning to begin testing (or already are) the country’s central bank digital currency (CBDC). Scammers have reportedly been impersonating CBDC testing groups. Tencent QQ reports that criminals have been promoting a scam that asks unsuspecting Chinese residents to sign up for… Read More

July 21, 2020 @ 10:34 pm By Omar Faridi  |  

The People’s Bank of China (PBoC), the nation’s central bank that’s also tasked with managing monetary policy and the regulation of financial institutions in mainland China, has reportedly added Chengdu, the capital of the Sichuan province, to its list of approved regions for conducting Fintech… Read More