Asia

March 28, 2018 @ 7:49 am By JD Alois  |  

LATTICE80, recently relocated to London, has announced the launch of “FintechDB,” an AI powered database targeting the vast array of Fintech firms. The FintechDB is presently in the alpha version, according to LATTICE80, but it is active and continuously porting raw data on over 11,000… Read More

March 28, 2018 @ 12:12 am By JD Alois  |  

We have received some information from an insider regarding Chinese peer to peer lending platforms being unable to update their Apps in the Apple App store due to a regulatory disconnect. From what we have been told, Apple (NASDAQ:AAPL) is enforcing a rule that requires… Read More

March 26, 2018 @ 10:30 am By Samantha Hurst  |  

The Singapore FinTech Association (SFA) and the Fintech Association of Japan (FAJ) announced on Monday they have signed a Memorandum of Understanding (MOU) to create stronger relationships and greater fintech cooperation between the two countries. According to the duo, this partnership will see the associations… Read More

March 26, 2018 @ 9:03 am By Samantha Hurst  |  

Less than two weeks after announcing the launch of its new financial services, ride-hailing company Grab announced on Monday it has acquired Uber’s Southeast Asia operations. This deal is the largest-ever of its kind in Southeast Asia. Grab reported it will integrate Uber’s ridesharing and food delivery business in… Read More

March 25, 2018 @ 1:05 pm By JD Alois  |  

A recent report in ECNS indicates China wants to have a “dynamic approach” regarding Fintech or internet finance. The report was referencing a press conference following the 13th National People’s Congress that was held earlier this month that involved the Zhou Xiaochuan, Governor of the People’s… Read More

March 24, 2018 @ 2:40 pm By Xu Gao  |  

China is Setting Up a National Online Contract Filing Platform On March 21st, the National Committee of experts on Internet Financial Security Technology (hereinafter referred to as the “Special Committee”) announced that it has jointly set up the national online contract filing platform with SIC… Read More

March 23, 2018 @ 4:00 pm By Samantha Hurst  |  

Binance announced plans to open a new office in Malta. CEO of the company, Zhao Changpeng, confirmed the office’s location by stating: “We are very confident we can announce a banking partnership there soon. Malta is very progressive when it comes to crypto and fintech.” Joseph… Read More

March 23, 2018 @ 1:24 pm By JD Alois  |  

The Financial Services Agency (FSA) in Japan has slapped Binance with a warning regarding cryptocurrency exchanges that operate without being registered with the FSA. Binance is one of the largest cryptocurrency exchanges in the world. Recently, the crypto-exchange thwarted a hack attack. Binance then placed… Read More

March 23, 2018 @ 8:20 am By Erin Hobey  |  

StashAway, reportedly the first robo-adviser to receive a retail license in Singapore, has completed a USD $5.3 million (SGD $7.0 million) Series A funding round. According to the company, a group of family offices and  new investors as well as previous investors in the business, such… Read More

March 22, 2018 @ 8:36 am By JD Alois  |  

Mosaic Smart Data, a London based Fintech that helps financial institutions in adapting to regulatory change, has won the inaugural InvestHK UK Fintech Awards.  The recognition was revealed by InvestHK  along with the UK Department for International Trade. The competition received 30 submissions from UK based… Read More

March 21, 2018 @ 9:13 am By Samantha Hurst  |  

CreditEase Wealth Management, a wealth management arm of CreditEase, announced on Wednesday it has signed a strategic cooperation agreement with Amundi Asset Management (Amundi), a France-based asset managing company. According to CreditEase, through this new partnership, the two companies will deepen their cooperation further in… Read More

March 20, 2018 @ 9:20 am By JD Alois  |  

South Korean Financial Services Commission Chairman Choi Jong-ku is pursuing a new policy to advance Fintech innovation. Korea has taken some heat for its excessively restrictive approach to financial services that undermines competition and innovation in financial services. In an announcement this week, Jong-ku introduced… Read More

March 20, 2018 @ 1:14 am By JD Alois  |  

Culum Capital, a Singapore-based receivables and supply chain financing platform, has received an investment  from GTR Ventures. GTR revealed several Fintech investments this past week – mainly in the online lending vertical. “We are thrilled to be partnering with GTR Ventures,” commented Ginnie Chin, co-founder &… Read More

March 19, 2018 @ 5:35 pm By JD Alois  |  

Singapore-based Kyber Network, a decentralized cryptocurrency exchange, has announced its public beta launch. The public launch of Kyber Network comes at a time when there is increasing scrutiny about crypto exchanges and platform security.  Kyber Network is a fully decentralized exchange, meaning it exists entirely on… Read More

March 19, 2018 @ 4:15 pm By Samantha Hurst  |  

UK-based fintech Finastra announced last week it was selected by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to drive its digital transformation initiatives. Finastra reported its technology will streamline and automate Vietcombank’s operational processes and improve overall customer experience to enhance… Read More

March 19, 2018 @ 11:04 am By Samantha Hurst  |  

Qupital, a Hong Kong-based trade finance platform, announced last week it has signed a financial strategy agreement with Alibaba. According to Qupital, The collaboration enables qualified Gold Supplier members of Alibaba to free up working capital easier through its platform. It was also reported: “Under this agreement, Alibaba Gold… Read More

March 17, 2018 @ 12:48 pm By Xu Gao  |  

China to Combine CBRC and CIRC According to a State Council reform plan that was presented for deliberation during the National People’s Congress on March 13, China will abolish China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC). Instead, it will establish… Read More

March 15, 2018 @ 10:21 am By JD Alois  |  

The 2018 Hong Kong Fintech Week, hosted by Invest Hong Kong (InvestHK), will put a new spin on their annual, week long event. According to InvestHK, the 3rd annual Hong Kong Fintech Week, which runs from 29 October to 2 November 2018, will become a… Read More

March 15, 2018 @ 9:22 am By JD Alois  |  

In a speech delivered at the Money20/20 Asia conference in Singapore, Ravi Menon, MD of the Monetary Authority of Singapore (MAS) delivered a speech assessing the state of cryptocurrencies and initial coin offerings (ICOs). Entitled, “Crypto Tokens: The Good, The Bad, and The Ugly,” Menon… Read More

March 15, 2018 @ 8:57 am By Samantha Hurst  |  

Yirendai Ltd. (NYSE: YRD) (“Yirendai” or the “Company”), a leading fintech company in China, announced on Thursday the release of its unaudited financial results for the quarter and full year ended December 31, 2017. The company reported that in the fourth quarter of 2017, it facilitated RMB 13,438.5 million (US$2,065.5 million)… Read More