Asia

May 22, 2020 @ 6:16 pm By Omar Faridi  |  

East-West Banking Corporation (EastWest) (PSE: EW), the eleventh largest bank in the Philippines with over $6 billion in assets, has introduced its own fully-digital bank, Komo. The company claims that it’s the first universal banking group in the country to establish its own all-digital bank,… Read More

May 22, 2020 @ 7:57 am By Omar Faridi  |  

Singapore-headquartered CapBridge Financial has acquired equity investments from SGInnovate, a private organization wholly-owned by the Singapore government. SGInnovate aims to help scientists establish “Deep Tech” startups. CapBridge has also received investments from the Cyberport Macro Fund, which offers seed to Series A stage funding to… Read More

May 21, 2020 @ 11:25 pm By Omar Faridi  |  

  Bahrain’s residents have been using mobile and digital payments platforms a lot more now than they were before the COVID-19 outbreak. Safe distancing measures have been introduced throughout the Kingdom, in order to prevent the further spread of the Coronavirus. There are currently 7,888… Read More

May 21, 2020 @ 10:44 pm By JD Alois  |  

Molinari Media will open its first international subsidiary office in Delhi, India, according to a company release. Founded by CEO Vince Molinari, Molinari Media (MM ) is a global Fintech media and broadcast company that broadcasts from the New York Stock Exchange (NYSE), NASDAQ and… Read More

May 21, 2020 @ 10:33 pm By Omar Faridi  |  

IOHK (Input/Output Hong Kong), a research and development (R&D) firm focused on bringing innovation via blockchain and cryptocurrencies, has confirmed that it will be joining the Hyperledger initiative and W3C. Hyperledger is an open-source project focused on blockchain or distributed ledger technology (DLT) development. It… Read More

May 21, 2020 @ 10:23 pm By Omar Faridi  |  

Over the course of the next ten years, banking institutions are planning to play a major role in supporting Fintech projects and the adoption of all-digital platforms. A new report suggests that incumbents feel confident that they won’t be completely replaced or displaced by Fintechs…. Read More

May 21, 2020 @ 12:45 pm By Samantha Hurst  |  

Klaytn, a blockchain project led by the South Korean Internet platform Kakao, announced on Wednesday it has formed a new partnership with Chainlink, a decentralized open-source oracle network that gives smart contracts secure and reliable access to data providers, web APIs, IoT devices, and payment… Read More

May 21, 2020 @ 1:16 am By Omar Faridi  |  

India-based online lender Lendingkart Technologies has secured Rs 319 crore (appr. $42.16 million) in funding through a Series D investment round, which was led by existing investors Bertelsmann India Investments, Fullerton Financial Holdings, IndiaQuotient, and Sistema Asia Fund. LendingKart’s management said that the capital raised… Read More

May 20, 2020 @ 11:33 pm By Omar Faridi  |  

  South Korea’s Fintech sandbox program has reportedly acquired $111 million in funding. The initiative is expected to create 380 new jobs, locally. South Korean officials confirmed that the financial technology regulatory sandbox had secured KRW 136.4 billion in capital, and that they’re expecting the… Read More

May 20, 2020 @ 10:57 pm By Omar Faridi  |  

Leading Chinese digital bank, WeBank, has teamed up with OpenNodes, a distributed ledger technology (DLT) platform developed by the Singapore-based Infocomm Media Development Authority, a statutory board of the nation’s government, under the Ministry of Communications and Information. WeBank will provide the FISCO BCOS blockchain-enabled… Read More

May 20, 2020 @ 4:57 pm By Omar Faridi  |  

Stockholm-based Dreams is a Fintech firm that focuses on providing a consumer-based app to help people live sustainably by developing good savings habits. The company’s app and services aim to help users make better use of their income, make smart investments, pay off debts, and… Read More

May 19, 2020 @ 11:45 pm By Omar Faridi  |  

Smart contract security firm Chainlink and blockchain startup Kadena are working cooperatively to integrate Chainlink’s decentralized oracle network to Kadena’s layer-1 proof-of-work (PoW)-based public blockchain network. Enterprises and business owners working with Kadena will be able to use Chainlink oracles to write end-to-end Pact smart… Read More

May 19, 2020 @ 11:07 pm By Omar Faridi  |  

Mizuho Americas confirmed on May 18, 2020 that it has appointed Dan Dolev as the company’s new managing director and senior equity research analyst covering the Fintech space. Dolev will be working out of Mizuho’s New York offices. He will be reporting directly to Susan… Read More

May 19, 2020 @ 7:42 pm By Omar Faridi  |  

The Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation, has revealed that it’s planning to change its branch network strategy, following the COVID-19 outbreak. OCBC, which is notably Singapore’s second-largest bank, claimed during its virtual annual general meeting… Read More

May 19, 2020 @ 3:01 pm By Omar Faridi  |  

Leading multinational digital asset exchange Binance has reportedly registered a new domain name with the government in China. Public records show that the Chinese Ministry of Industry and Information Technology has approved Binance’s requested domain name (binance.cn). The approval was granted in April 2020. Records… Read More

May 19, 2020 @ 12:48 pm By Samantha Hurst  |  

Digital money transfer service MoneyGram (NASDAQ: MGI) announced on Tuesday it has formed a new partnership with E9Pay, a money transfer and payment fintech company based in Korea. According to MoneyGram,  the partnership enables E9Pay customers to connect to the MoneyGram platform and distribution network… Read More

May 19, 2020 @ 7:40 am By JD Alois  |  

Geidea, a Saudi based payments company, has launched BETA testing for its new range of SME products. Geidea currently claims 70% market share in Saudi Arabia and is the top service provider to banks in the country, according to the company. In February, Geidea became… Read More

May 19, 2020 @ 7:08 am By Omar Faridi  |  

Mumbai-based Fintech firm Fintso, which aims to “democratize” wealth management in India, is arguing that debt securities can be more volatile than equity. Recently established in December 2019, Fintso secured $2.6 million in funding in March 2020. Fintso’s management says that debt securities have previously… Read More

May 19, 2020 @ 12:42 am By Omar Faridi  |  

JCB, which is Japan’s largest credit card issuer, has teamed up with Tokyo-based TECHFUND, a leading technology accelerator, in order to develop a sustainable blockchain-powered transaction system. As noted in a May 15 announcement, the partnership will involve leveraging TECHFUND’s expertise on cryptocurrency staking and… Read More

May 18, 2020 @ 11:33 pm By Omar Faridi  |  

The Fintech sector will get stronger due to the COVID-19 outbreak, as more consumers begin using digital payments platforms and also as more people start working remotely, according to a new report from the Dubai Future Foundation (DFF). The report noted: “This sector will successfully… Read More