Asia

November 5, 2018 @ 9:55 pm By JD Alois  |  

Singapore based peer to peer lender MoolahSense has added a cloud and blockchain based Artificial Intelligence (AI) that is said to provide real-time anticipation of loan delinquency, fraud, and default. “MoolahSense Active Intelligence” (MAI) is designed to monitor loans and borrower business activities in real-time… Read More

November 5, 2018 @ 3:04 pm By Cali Haan  |  

As part of ongoing government efforts to quash initial coin offerings (ICOs) in China, the People’s Bank of China (PBoC) has extended prohibitions to cover “airdrops” -the promotional distribution of free cryptographic tokens- which may possibly be being used now in China to circumvent the… Read More

November 5, 2018 @ 2:11 pm By Samantha Hurst  |  

Fintech software provider Temenos (SIX: TEMN) announced on Monday it has teamed up with Shanghai Pudong Development Bank (SPD Bank) to establish an Innovation Lab in Shanghai. Temenos reported that through the partnership, it and SPD Bank will jointly identify market requirements and co-develop a digital ecosystem,… Read More

November 5, 2018 @ 9:07 am By JD Alois  |  

Last week, more than 500 government officials, financial sector professionals and corporate leaders from China and Southeast Asia attended the inaugural China (Chongqing)-Singapore Connectivity Initiative Financial Summit in Chongqing. According to the Monetary Authority of Singapore (MAS), the Summit presented collaboration opportunities on cross-border financial… Read More

November 5, 2018 @ 8:11 am By Cali Haan  |  

Trading cryptocurrencies anonymously is no longer legal in Taiwan, Focus Taiwan reports. The change was made Friday, November 2nd as Taiwan prepares to be evaluated by the Asia/Pacific Group on Money Laundering (APG), which will take place between Nov. 5th and the 16th. Although Taiwan also… Read More

November 3, 2018 @ 6:13 pm By JD Alois  |  

During Hong Kong Fintech Week, the CEO of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, spoke about the benefits and challenges of Fintech. According to Alder: “It is obvious that the pace of change and innovation in financial services is unprecedented. We… Read More

November 3, 2018 @ 5:50 pm By JD Alois  |  

Announced during Hong Kong Fintech Week, the Securities and Futures Commission of Hong Kong issued a statement on their approach which seeks to bring both digital asset portfolio managers and distributors of these “virtual asset funds” under its regulatory purview. Additionally, SFC has released a… Read More

November 3, 2018 @ 11:29 am By Xu Gao  |  

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform TradeConnect The Hong Kong Monetary Authority (hereinafter referred to as the HKMA) announced on October 31st that it had launched a blockchain-based trade finance platform TradeConnect, in order to facilitate cross-border trade and related research. TradeConnect… Read More

November 2, 2018 @ 6:56 pm By JD Alois  |  

In the 2019 budget speech by the Malaysia Minister of Finance, YB Tuan Lim Guan Eng, the government introduced capital market measures designed to reinforce the role of tech in driving the economy. Lim explained: “We need to create an environment for our human talent… Read More

November 2, 2018 @ 8:58 am By JD Alois  |  

Securitize, a new platform facilitating security token offerings, has formed a partnership with BnkToTheFuture – an investment platform operating in Hong Kong that has hosted funding rounds for blockchain based firms such as Kraken, BitFinex, BitPay and more. BnkToTheFuture claims over $625 million in funding… Read More

November 1, 2018 @ 11:14 am By Cali Haan  |  

A judge at the Seoul Central District Court has ordered one of South Korea’s largest banks, Nonghyup, to restore services to the Coinis cryptocurrency exchange, 8BTC reports. The showdown reportedly began in September when Nonghyup announced it would no longer process deposits and withdrawals on behalf… Read More

October 31, 2018 @ 9:15 pm By Cali Haan  |  

Politicians and regulators attending a recent meeting of the Indian Financial Stability and Development Council (FSDC) were briefed  that a dedicated “High-level Committee” chaired by the country’s Secretary of Economic affairs is, “deliberat(ing)…to devise an appropriate legal framework to ban use of private cryptocurrencies in India…”… Read More

October 31, 2018 @ 12:16 pm By Samantha Hurst  |  

Ping An Insurance Group announced on Wednesday the launch of its blockchain-based international trade finance platform, eTradeConnect, in Hong Kong. According to Ping An, the new platform is initiated by seven founding banks in Hong Kong and facilitated by the Hong Kong Monetary Authority (HKMA). OneConnect,… Read More

October 30, 2018 @ 9:37 pm By JD Alois  |  

Ledger, a leading company providing crypto security solutions, is expanding its global presence to Hong Kong. The move is designed to boost its presence in APAC countries and “meet increasing demand” for Ledger Vault crypto self-custody solution and Ledger’s trademark hardware wallet the Ledger Nano… Read More

October 30, 2018 @ 4:26 pm By JD Alois  |  

Ping An announced Q3 earnings this week for the quarter ending on September 30th. The company reported an operating profit of the parent company of RMB 85,637 million (USD $12.3 Billion), up 19.5% year on year. Net profit attributable to shareholders of the parent company rose… Read More

October 30, 2018 @ 4:00 am By JD Alois  |  

GTR Ventures, an investment company that specializes in trade and supply chain, has announced an investment in Orbitt – an African focused Fintech deals platform. This is GTR’s first Africa focused investment. Orbitt is based in London with operations in Mauritius and a user-base across 28… Read More

October 29, 2018 @ 10:05 pm By JD Alois  |  

Financial services conglomerate Monex Group issued their quarterly earnings report today. Monex, a Japan based, publicly traded firm, owns and operates multiple Fintech platforms as well as more traditional platforms such as TradeStation in the US. In April of this year, Monex acquired Japanese crypto… Read More

October 29, 2018 @ 4:19 pm By Samantha Hurst  |  

Qtum, a blockchain application platform, announced last week it has been named Amazons web services partner in China. Qtum reported the partnership sees the on-demand cloud computing giant working with a cryptocurrency project with a $325 million market capitalization. Qtum revealed that its cryptocurrency, AMI, was listed… Read More

October 28, 2018 @ 8:49 pm By JD Alois  |  

On Friday, the Securities and Exchange Commission of Thailand issued a warning to investors pertaining to nine different initial coin offerings (ICOs) / tokens. The Thai SEC stated these offerings, which are typically promoted via social media platforms such as Facebook, have not been reviewed… Read More

October 27, 2018 @ 12:00 pm By Xu Gao  |  

Online Brokerage Futu Securities Reported to File with U.S. Regulators for IPO Bloomberg quoted people familiar with the matter that Chinese online brokerage Futu Securities had secretly submitted an IPO application in the US, and the fundraising scale could reach at least $300 million. Futu… Read More