Asia

July 9, 2018 @ 10:43 am By Samantha Hurst  |  

Fintech unicorn, TransferWise, launched its money transfer services in Hong Kong last week. This news comes just a few weeks after the company launched the services in Argentina. As previously reported, TransferWise converts that money at a better rate and pays the transfer out using local pools… Read More

July 8, 2018 @ 4:06 pm By JD Alois  |  

Sun Guofeng, Director of the Peoples Bank of China Research Institute, says that more Fintech regulation is on its way. The comments were reported by ECNS as Guofeng spoke at the Bund Summit in Shanghai. Guofeng said; “Building regulatory regime at local levels will become… Read More

July 8, 2018 @ 1:14 pm By Cali Haan  |  

It just got a lot harder to buy cryptocurrencies in India. Close to the end of a three-month grace period granted to banks and customers affected by a ban on transfering money onto and off of cryptocurrency trading platforms, the Supreme Court of India has… Read More

July 7, 2018 @ 7:27 pm By JD Alois  |  

A report in ECNS indicates that the Chinese peer to peer lending industry is enduring a bit of a retrenchment. China is home to the largest P2P industry in the world – an accomplishment that was aided by the fact that at the beginning, few… Read More

July 7, 2018 @ 6:52 pm By JD Alois  |  

The Securities Commission Malaysia (SC) is inviting interested parties to apply to operate investment crowdfunding platforms and peer to peer lending sites. SC states that applicants may submit their applications for registration now with a deadline of September 7th, 2018. As at June 2018, the… Read More

July 7, 2018 @ 2:04 pm By Xu Gao  |  

China Launches a 100-billion-yuan technology investment fund: Chinese Version of the Vision Fund? On July 2, China Merchants Group, Beijing Asset Management Corporation SPF Group and London’s Centricus Corporation announced to launch a 100-billion-yuan investment fund – “China New Era Technology Fund.” The fund aims… Read More

July 7, 2018 @ 1:38 pm By Cali Haan  |  

Recent floods in China’s central Sichuan province have destroyed thousands of cryptocurrency “mining” machines (dedicated computers) and may have slowed processing power on the Bitcoin network, Golden Finance reports. Anhui, Jiangsu, Shandong and Jilin provinces were also badly affected by prodigious rains, says ECNS News,… Read More

July 6, 2018 @ 10:04 am By Samantha Hurst  |  

Gamer platform Razer announced earlier this week it is launching its Razer Pay e-wallet in Malaysia, with making its global debut in Kuala Lumpur. The launch is reportedly made possible through Razer’s partnership with the Berjaya Corporation Berhad. Founded in 2005, Razer claims to be the… Read More

July 6, 2018 @ 9:08 am By Samantha Hurst  |  

On Friday, Asian fintech, AsiaCollect, announced it raised $4.5 million to date after closing its recent investment round led by global technology investment firm SIG Asia Investments. Founded in 2015, AsiaCollect describes itself as a pioneer in providing integrated Credit Management Services (CMS) in Southeast Asia. The… Read More

July 6, 2018 @ 8:11 am By JD Alois  |  

Blackmoon is reporting its Xiaomi initial public offering (IPO) has been sold out. But this batch of shares are not being sold in the traditional manner as Blackmoon has tokenized the offering. This past week, Xiaomi completed an IPO on the Hong Kong Stock Exchange…. Read More

July 5, 2018 @ 10:52 am By Samantha Hurst  |  

Neat, a digital bank based in Hong Kong, announced earlier this week it secured a $2 million investment from Dymon Asia Ventures and Portag3 Ventures. Founded in 2015, Neat offers two banking products, Neat Business and Neat Personal. All banking with Neat is done through its… Read More

July 5, 2018 @ 3:33 am By Cali Haan  |  

Microsoft Taiwan held a joint press conference with Digital China and HighCool companies at Le Meridien Hotel in Taipei June 28th to announce a “tripartite blockchain strategy cooperation” agreement has been struck between the three firms to create a vast, blockchain-moderated public-private computing cloud. Also… Read More

July 4, 2018 @ 11:09 am By JD Alois  |  

Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), delivered a speech today at the MAS Annual Report Media Conference. Within the prepared remarks, Menon revealed that “Fintech alone is estimated to have contributed close to 2,000 of the net jobs created during… Read More

July 3, 2018 @ 4:54 pm By JD Alois  |  

In recent years most Fintech Hub reports have pegged the UK, and more specifically London, at the top of the list when it comes to ranking Fintech centers of excellence. The UK has been widely lauded due to various characteristics but always included in these… Read More

July 3, 2018 @ 3:56 pm By Samantha Hurst  |  

Australian global payments provider Verrency announced on Tuesday is continuing to grow its global footprint, appointing Aaron Oliver as Commercial Director for Asia and the Middle East, based in Singapore. Founded in 2016, Verrency states its payments API platform has been designed to enable financial institutions to innovate more efficiently and effectively through a… Read More

July 2, 2018 @ 5:40 pm By JD Alois  |  

IOST, another enterprise-grade blockchain infrastructure, has launched on the public Testnet. According to the company, Testnet v 0.5 (or “Everest”) acheives one of the highest transaction speeds per second across the industry. Terrence Wang, CTO of of IOST, said they have been working hard for the… Read More

July 2, 2018 @ 10:14 am By JD Alois  |  

  Zilliqa, designed to be an enterprise ready speedy blockchain, has announced that it is live on the latest Testnet as it nears broad public release. Zilliqa Testnet version 2.0 is said to have introduced greater stability and security to the network. Additionally, Zilliqa says it… Read More

June 30, 2018 @ 5:00 pm By Xu Gao  |  

Baihang Credit Rating Announces the First 15 Crew Members On June 28th, Baihang Credit Co., Ltd. announced its first crew members in Shenzhen. These 15 institutions are mainly Fintech and consumer finance companies, including Yirendai and PPDAI. According to the cooperation agreement, these 15 institutions… Read More

June 30, 2018 @ 9:59 am By Cali Haan  |  

The Hong Kong Monetary Authority (HKMA) announced June 26th that it has signed a Fintech agreement with the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), “to enhance collaboration between the two authorities with a view to encouraging and enabling innovation in… Read More

June 29, 2018 @ 3:27 pm By Samantha Hurst  |  

CreditEase Wealth Management announced on Friday it won “Best Wealth Management Firm of the Year” and “Best Wealth Manager for Fund of Funds” at the Asiamoney Annual Awards. Last year, Asiamoney reportedly began selecting nonbank wealth management institutions for their “Excellence in Chinese Wealth Management” award and… Read More