Asia

August 6, 2018 @ 12:13 pm By Cali Haan  |  

Bitmain, the world’s largest manufacturer of crypto mining equipment and its biggest producer of bitcoins has announced the launch of a $500-million data centre in Rockdale, Texas. The company says it will deploy the sum over 7 years and will create 400 local jobs in the… Read More

August 6, 2018 @ 10:34 am By JD Alois  |  

Last Friday, OKEx blogged about a failed whale that posted a huge long position on Bitcoin. The unnamed whale booked an order for 4,168,515 contracts. The Hong Kong digital asset exchange explained the predicament and ensuing action: “The client with user ID 2051247 initiated an… Read More

August 6, 2018 @ 9:02 am By Samantha Hurst  |  

Asian general insurer MSIG Insurance announced on Monday it has formed a strategic partnership with global startup accelerator and corporate innovation platform Plug and Play to promote innovation within the general insurance space. MSIG reported it will become a founding anchor partner of Plug and Play’s… Read More

August 6, 2018 @ 1:00 am By JD Alois  |  

OurCrowd Labs/02, a  seed stage incubator and part of Israel based crowdfunding platform OurCrowd, has formed a new partnership with two leading venture capital firms in South Korea: Yozma Group Korea and DTNI. The dual Memoranda of Understandings (MOUs) were signed in early July 2018,… Read More

August 5, 2018 @ 10:36 am By JD Alois  |  

KPMG has published their Pulse of Fintech report highlighting global Fintech activity for the first half of 2018. According to KPMG, global investment in Fintech is going gangbusters as “Fintech market activity worldwide gained momentum during the first half of the year as the geographic… Read More

August 2, 2018 @ 10:42 pm By JD Alois  |  

Infoteria Corporation, an enterprise software company in Japan (Listed on TSE Sec.1: 3853) and Zilliqa have formed a partnership with Infoteria will enable corporate use of the fast blockchain. Zilliqa is one of a handful of companies seeking to address current shortcomings in distributed ledger… Read More

August 2, 2018 @ 3:00 pm By Samantha Hurst  |  

Orig3n, Inc., a Boston-based biotech company and Chinese insurtech ZhongAn Online P&C Insurance Co., Ltd. (6060.HK), announced earlier this week they have formed a partnership to bring health tech solutions to Chinese consumers. According to Orign3n, ZhongAn will now supplement its insurance offerings with the… Read More

August 2, 2018 @ 2:04 pm By JD Alois  |  

China based Fintech CreditEase has invested in Blast, a California based startup that is the mobile gamification space led by Acorns founder and Chairman, Walter Cruttenden. The investment was facilitated via CreditEast Fintech Investment Fund (CEFIF) – a US $1 billion fund. Other investors in… Read More

August 2, 2018 @ 7:09 am By Erin Hobey  |  

The Securities Commission Malaysia (SC) has directed Lendingstar Malaysia Sdn Bhd to cease all its activities, pronto, effective today. The SC directive was initially issued on 23 July 2018 after an inquiry found that Lendingstar is not registered to operate a recognized market and is providing… Read More

August 1, 2018 @ 8:25 am By Samantha Hurst  |  

Accenture (NYSE: ACN) announced on Tuesday the eight fintech companies that have been selected for the fifth annual FinTech Innovation Lab Asia-Pacific 12-week mentorship program. According to Accenture, the 2018 program received a record number of applications from more than 160 companies. Accenture reported that… Read More

July 31, 2018 @ 11:28 pm By Cali Haan  |  

Another high profile crypto rip off in Vietnam may have further imperiled the nascent sector there. According to VN Express, 20 investors have filed a complaint with the Vietnamese police claiming that the CEO of a cryptocurrency “cloud mining” scheme called Sky Mining has defrauded them… Read More

July 31, 2018 @ 11:04 pm By JD Alois  |  

Singapore based online lender Validus is reporting a milestone of having originated over S$ 100 million in loans to SMEs. Validus is claiming to the be Southeast Asia’s fastest growing SME lender. Validus is licensed by the Monetary Authority of Singapore (MAS) and is also… Read More

July 30, 2018 @ 11:15 pm By JD Alois  |  

Experian, a financial data firm, has led a $28 million funding round in C88 Financial Technologies Group. C88 is described as one of the largest Fintech firms in Southeast Asia, having served over 50 million customers in Indonesia as CekAja.com and The Philippines as eCompareMo.com. C88 is also… Read More

July 30, 2018 @ 10:43 pm By JD Alois  |  

TransferTo, a cross-border mobile payments network, says its international money transfer business has hit $800 million in the first six months of this year. In 2017 during the same period, TransferTo booked just $310 million. The Fintech also reports it expects to surpass $2 billion… Read More

July 30, 2018 @ 1:09 pm By JD Alois  |  

Bitmain, a China based hardware and tech firm that produces some of the most popular mining servers in the cryptocurrency world, is said to be planning an initial public offering (IPO).  According to a report in Fortune, Bitmain is prepping to issue shares at a… Read More

July 30, 2018 @ 9:36 am By JD Alois  |  

A subsidiary of Fintech Creditease, Good Hope Investment Service, is providing “support and sponsored legal fees” to Chinese investors caught up in the EB-5 backlog. CreditEase started as a peer to peer lender but has since migrated into a plethora of Fintech services. EB-5 is… Read More

July 30, 2018 @ 8:35 am By Samantha Hurst  |  

Fintech hub LATTICE80 announced on Monday it is launching Crypto Asia Index in order to help institutions and Asian retail investors. According to the hub, the LATTICE80 Crypto Asia Index (Beta version) will be offered to registered users first and structured model portfolio will be offered through… Read More

July 28, 2018 @ 12:00 pm By Xu Gao  |  

China and South Korea’s Financial Regulatory Agencies Reach Cooperation on Cryptocurrencies and Other Issues According to Chosun’s report last week, Yoo Kwang-yeol, the first senior vice president of the Korea Financial Supervision Service (FSS), recently met with the vice chairman of the China Banking &… Read More

July 26, 2018 @ 12:03 pm By JD Alois  |  

Singapore based FintruX Network, “a global P2P lending ecosystem,” has added Bob Rinaldi to its Board of Directors. Rinaldi is a long time banker and entrepreneur.  According to FIntruX, Rinaldi has served as the CEO of CI Finance, a national equipment finance company, and as a Director… Read More

July 26, 2018 @ 7:09 am By Erin Hobey  |  

Crossflow, a working capital marketplace for corporates and their supply chains, announced positive annual results. Launched in 2014, the Brexit neutral platform (Crossflow is domiciled in the Republic of Ireland) aims to allow financial institutions to cost-effectively finance corporates and suppliers in a click. Crossflow, a member… Read More