Asia

May 14, 2018 @ 9:29 am By Samantha Hurst  |  

HSBC Singapore announced on Monday it was joining forces with ING and agrifood group Cargill to conduct what it claims to be the first live, commercial trade finance transaction on R3’s blockchain platform, Corda.  According to HSBC Singapore, the blockchain transaction involved a bulk shipment of… Read More

May 14, 2018 @ 5:48 am By JD Alois  |  

Kapital Boost, a Sharia based peer to peer platform, and Global Entrepreneur Professional (or Genpro), have announced a new partnership to support the development of SMEs in Indonesia. The collaboration will see Kapital Boost providing funding to Genpro’s members who qualify and demonstrate strong growth… Read More

May 12, 2018 @ 10:32 am By Xu Gao  |  

PBOC Bans Unauthorized APP to Access Credit Rating System Recently, the People’s Bank of China (PBOC), China’s central bank, issued a document named, “Notice on Further Strengthening the Management of Credit Information Security” (Yinfa [2018] No. 102) (hereinafter referred to as “Document No. 102”), to… Read More

May 11, 2018 @ 1:38 am By JD Alois  |  

BTC.com, a prominent platform for cryptocurrency users (that is affiliated with Bitmain), has announced the BTC.com mobile wallet will be the first cryptocurrency app released on Huawei’s AppGallery. The BTC wallet claims to have more than one million users, having processed USD$ 5 billion since… Read More

May 9, 2018 @ 1:18 pm By JD Alois  |  

Synereo, a company that is developing decentralized tech for content creation and distribution, has formed a partnership with Shanghia based Qiyi Culture, described as one of China’s top online content production companies. Qiyi Culture is said to have over 30 million viewers for single original… Read More

May 9, 2018 @ 9:10 am By Samantha Hurst  |  

Pundi X (CURRENCY: PXS), a cryptocurrency point-of-sale solution provider, announced on Tuesday it has appointed Microsoft and Ethereum veteran David Ben Kay as its new Chief Legal Counsel. According to Pundi X, Ben Kay helped establish over 250 companies in that country, including Microsoft’s China subsidiary which he helped set… Read More

May 8, 2018 @ 10:47 pm By JD Alois  |  

OurCrowd, a global leader in equity crowdfunding, has further boosted its presence in Asia by forming a new partnership with Bangkok Bank (BBL), a leading bank in Thailand. Bangkok Bank is one of Southeast Asia’s leading regional banks and Thailand’s market leader in corporate and SME… Read More

May 8, 2018 @ 12:00 pm By Samantha Hurst  |  

Citi announced on Tuesday that six strategic partnerships with leading corporations in Hong Kong to accelerate the development of open Application Programming Interface (API) in the city and to make available what the financial giant calls “easy and speedy” banking services in response to consumers’ increasingly digital… Read More

May 8, 2018 @ 9:37 am By Samantha Hurst  |  

LATTICE80 announced on Tuesday it is currently planning to launch Crypto Exchange exclusively for institutional investors. According to LATTICE80, the new exchange will be catered to Institutional Investors and it will have a market-making engine to provide liquidity to other exchanges and funds. While sharing more details… Read More

May 8, 2018 @ 8:43 am By JD Alois  |  

​ S​eedly​, a personal finance management platform, has been acquired by ​ShopBack​, a “lifestyle portal” that enables smarter purchase decisions. ​Both companies are based in Singapore. Cashback received an investment of USD $40 million in November 2017 and this is the first acquisition announcement since… Read More

May 7, 2018 @ 9:29 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has announced that it is working with a consortium of agencies to accelerate the utilization of artificial intelligence (AI) in the financial services sector. MAS has always sought to keep Singapore at the forefront of Fintech innovation and encouraging… Read More

May 5, 2018 @ 9:49 am By Cali Haan  |  

Forbes has reported that sources close to Japan’s Financial Services Agency (JFSA) have confirmed that the agency is encouraging the country’s crypto exchanges to exclude anonymous cryptocurrencies Monero (XMR), Zcash (ZEC), and Dash (DASH) from trading on their exchanges. The suggestion comes as a number… Read More

May 4, 2018 @ 11:29 am By Samantha Hurst  |  

CredoLab, a Singapore-based fintech provider of mobile-based alternative credit scoring solutions for banks, consumer finance companies, and retailers, announced on Thursday it secured a $1 million investment from established global venture capital firm Walden International. Established in 2016, CredoLab is headquartered in Singapore was previously backed… Read More

May 2, 2018 @ 1:09 pm By Samantha Hurst  |  

The Monetary Authority of Singapore (MAS) announced on Tuesday that the third edition of the Singapore Fin Festival will be held on November 12th through the 16th. The organization reported that this year’s festival will include two new “elements,” which are the following: ASEAN FinTech Showcase:… Read More

May 2, 2018 @ 9:30 am By Cali Haan  |  

In what is likely a combined attempt to sidestep US sanctions and compete with Middle East oil suppliers, Venezuela has offered India a 30% discount on crude oil if the country pays for the oil in El Petro, Venezuela’s controversial new cryptocurrency, says Business Standard. Venezuala… Read More

May 2, 2018 @ 8:55 am By JD Alois  |  

Marvelstone Group has announced the opening of the “Smart City Innovation Lab” in the Central Business District (CBD) of Singapore. The Smart City Innovation Lab is said to facilitate the development of joint venture projects with Banks, Corporates and Governments. It will focus on three… Read More

May 1, 2018 @ 1:04 pm By Erin Hobey  |  

Chinese search behemoth Baidu Inc, (NASDAQ:BIDU) has nabbed a $1.9 billion investment from firms including TPG, the Carlyle Group, Agricultural Bank of China Ltd. and Taikang Group, to ready itself to compete in the financial-services space, according to the WSJ. The transaction will reportedly value the unit at $4B,… Read More

April 30, 2018 @ 4:04 pm By Samantha Hurst  |  

On Monday, Circle International announced it has formed a partnership with payment gateway platform Lakala to facilitate cross border payments between Malaysia and China.  While sharing details about the partnership, CEO and Founder of Circle, Dato’ Brian Tan, stated: “Through the partnership with Lakala, Circle International… Read More

April 30, 2018 @ 1:39 pm By Samantha Hurst  |  

The Intellectual Property Office of Singapore (IPOS) announced last week the launch of the country’s new Fintech Fast Track initiative in order to accelerate patent application-to-grant processing. According to the organization, the initiative expedites patent application-to-grant process for fintech inventions and fintech patents can be expected to… Read More

April 30, 2018 @ 1:06 pm By Cali Haan  |  

The Asia Times has reported that Taiwan will introduce new rules for the regulation of crypto industries by November 2018. Taiwanese Justice Minister Chiu Tai-san announced the plans at an anti-money laundering conference hosted last week by the Taiwan Financial Services Coalition after the Coalition… Read More