Asia

June 9, 2020 @ 9:28 am By JD Alois  |  

Molinari Media PBC has announced that Rachel Pether has joined Fintech.TV as a host in Abu Dhabi.  Pether will focus on financial, digital and sustainability-related topics in the United Arab Emirates and surrounding countries.  The company said she will be reporting on a weekly basis… Read More

June 8, 2020 @ 10:58 pm By Omar Faridi  |  

The steady rise and adoption in Sharia Fintech has transformed Indonesia’s trillion dollar economy, as the nation’s Muslim residents seek financial services that follow Islamic law and guidelines. Indonesia is notably Southeast Asia’s largest emerging market. It has turned into a hub for new companies… Read More

June 8, 2020 @ 11:08 am By Samantha Hurst  |  

 Alan Lau, CEO of Tencent’s insurance platform WeSure, recently announced that research has revealed the COVID-19 pandemic unexpectedly raised the sense of urgency in insurance purchase in China. Lau notably referred to the latest research Tencent WeSure conducted in partnership with Shanghai-based Fudan University, which showed a string… Read More

June 8, 2020 @ 10:22 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has launched the S$ 1.75 million MAS Global Fintech Innovation Challenge. The competition seeks Fintech solutions that can help financial institutions respond to COVID-19 and climate change. MAS said the theme for the competition is “Building Resilience, Seizing Opportunities,… Read More

June 7, 2020 @ 10:30 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) noted on June 5, 2020, that it will be establishing a Payments Infrastructure Development Fund in order to promote digital payments adoptions across the nation, which is struggling to cope with the deadly COVID-19 outbreak. The RBI confirmed that… Read More

June 7, 2020 @ 10:05 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, recently revealed that it’s looking into whether it should provide digital bank accounts to Pakistanis residing abroad. Reza Baqir, the reserve bank’s governor, noted that overseas Pakistanis won’t have to be physically in the country… Read More

June 7, 2020 @ 5:00 pm By Xu Gao  |  

The People’s Bank of China Has Launched Innovative Monetary Policy Instruments to Enable Direct Support for the Real Economy In line with the arrangements of the Report on the Work of the Government, the People’s Bank of China (PBC) has launched another two instruments that… Read More

June 7, 2020 @ 4:42 pm By Omar Faridi  |  

A blockchain or distributed ledger technology (DLT)-enabled pilot for handling various notary services has reportedly been introduced in Suzhou, China. China Quality News reports that Suzhou’s authorities are supporting the DLT pilot, which could potentially assist millions of residents with gaining secure access to legal… Read More

June 7, 2020 @ 4:19 pm By Omar Faridi  |  

Blockchain or distributed ledger technology (DLT) firms have been dominating Hong Kong’s startup sector. Last year, enterprise DLT and crypto-assets exchanges were ranked the most popular sectors in Hong Kong’s Fintech industry. This, according to a report from the Financial Services and Treasury Bureau which… Read More

June 6, 2020 @ 2:59 pm By Omar Faridi  |  

Martin Best, CMO at Wirex, confirmed in a blog post on June 4, 2020, that the London-based financial services firm will allow users to purchase, hold and exchange New Zealand dollars (NZD) and 19 other currencies including Bitcoin (BTC), Ether (ETH), Singapore dollars (SGD), and… Read More

June 6, 2020 @ 2:56 pm By Omar Faridi  |  

Nischal Shetty, founder and CEO at WazirX, an Indian cryptocurrency exchange acquired by Binance, claims that government agencies in the country have begun to take more interest in understanding and even helping to grow the nation’s nascent digital asset and blockchain ecosystem. Shetty noted via… Read More

June 5, 2020 @ 10:00 pm By Omar Faridi  |  

The digital asset and blockchain space is still in its infancy or early stages of development. There are many companies working on developing key infrastructure needed to support emerging cryptocurrency businesses. Cybersecurity, ID verification, AML/KYC processes, and even cryptocurrency-related insurance services are already being developed… Read More

June 5, 2020 @ 9:32 pm By Omar Faridi  |  

ICONLOOP, ICON’s technical partner, has reportedly been chosen to receive funding from K-Growth’s $100 million Fintech Innovation Fund. Markus Jun, founder and CEO of ICON’s Accelerator Partner and Seoul Launchpad of ICXStation, HyperConnector (online accelerator for the ICON ecosystem), noted via Twitter that one of… Read More

June 5, 2020 @ 3:44 pm By Omar Faridi  |  

Japan’s largest banks will be looking into the potential benefits of using electronic money and digital currencies in order to make banks and cashless payments systems interoperable. The initiative has been launched by Japan’s Mitsubishi UFJ Financial Group, the world’s fifth-largest bank in terms of… Read More

June 5, 2020 @ 2:08 pm By Samantha Hurst  |  

TomoChain, a Singapore-based cryptocurrency exchange platform, is reportedly set to launch a new peer-to-peer lending feature this weekend through its newly launched TomoDEX platform. Founded in 2017, TomoChain claims to be the “most effective” platform for the token economy. The platform reported that its mission… Read More

June 5, 2020 @ 1:54 am By Omar Faridi  |  

The People’s Bank of China (PBoC), the nation’s reserve bank with around $3.2 trillion in assets, recently announced the second batch of Fintech initiatives that will take part in a pilot program involving new regulations. The pilots will take place in China’s capital, Beijing, and… Read More

June 4, 2020 @ 10:50 pm By Omar Faridi  |  

  Five companies that had applied for a digital banking license in Singapore will now have to assess how the COVID-19 outbreak and resulting challenges will affect their ability to acquire adequate funding. As first reported by Reuters, the applicants will also have to revisit… Read More

June 4, 2020 @ 10:47 pm By Omar Faridi  |  

India’s only publicly-listed Fintech company, 5paisa, revealed on June 3, 2020 that it would be giving its workers a 15% raise on their salaries and will also be offering advance bonus payouts in order to improve or boost employee morale. 5paisa’s generous move has come… Read More

June 4, 2020 @ 1:43 pm By Samantha Hurst  |  

Ground X, the blockchain subsidiary of the leading South Korean mobile platform, Kakao, announced on Wednesday the launch of its digital asset wallet, Klip. According to Ground X, Klip offers users the opportunity to experience digital asset on their mobile devices. The wallet is available… Read More

June 4, 2020 @ 9:00 am By Omar Faridi  |  

Delta Exchange, a digital asset derivatives exchange that maintains business offices in Singapore, has launched interest rate swaps (IRS) on cryptocurrency rates. As mentioned in a release shared with CI: “These swaps will be available on Defi rates, flash rates on Bitfinex, and interest rates… Read More