Asia

February 12, 2018 @ 10:58 am By Samantha Hurst  |  

Jianpu, a unit of Chinese fintech company Rong360 Inc, announced on Monday it has appointed Xiaoyan Zhang As its new Independent Director. According to the company,  Zhang is currently Assistant Dean and Xinyuan chair professor of finance at the PBC School of Finance, Tsinghua University with a research… Read More

February 10, 2018 @ 8:26 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) has released a revised “Guideline on Authorization of Virtual Banks” as part of a public consultation. Hong Kong, initially slow to embrace the Fintech revolution, has since increased their innovative velocity in financial services. The HKMA welcomes digital challenger… Read More

February 10, 2018 @ 8:03 am By Xu Gao  |  

WeChat Bans 1,000+ “Cash Loans” Mini Programs On February 6, WeChat released an official announcement about its ongoing move to clear up illegal mini programs (or mini apps) on its platform. According to the announcement, WeChat has permanently banned over 1000 “cash loans” mini programs… Read More

February 9, 2018 @ 5:42 pm By JD Alois  |  

  The Hong Kong Securities and Futures Commission (SFC) has issued another alert regarding the risks of investing in initial coin offerings (ICOs) and dealing with cryptocurrency exchanges. Last fall, the SFC fired a shot across the bow of ICO issuers stating certain ICOs may… Read More

February 9, 2018 @ 12:00 pm By Samantha Hurst  |  

Magma Partners, an early stage venture capital firm with offices in the U.S. and Latin America, announced earlier this week the first close of its second $15M fund to continue supporting the growth of U.S. incorporated startups with technology and sales teams based in Latin… Read More

February 9, 2018 @ 11:22 am By Samantha Hurst  |  

On Thursday, Chinese fintech Yirendai Ltd. (NYSE: YRD) announced it has entered into a three-year business agreement with PICC Property and Casualty Company Limited. The company reported that under the terms of the Agreement, PICC P&C will provide surety insurance for loans, with a maximum term of… Read More

February 8, 2018 @ 1:43 pm By Erin Hobey  |  

Kochava Labs SEZC, a research and development subsidiary of Kochava Inc., is proud to announce four new advisors to XCHNG, the open source blockchain framework for the digital advertising ecosystem: David Weild IV, Founder, Chairman and CEO of Weild & Co., Inc. and former Vice… Read More

February 8, 2018 @ 9:12 am By Samantha Hurst  |  

Last week, Chinese peer-to-peer lending platform Senmiao Technology announces terms for its upcoming $14 million U.S. initial public offering (IPO).  Founded in 2014, Senmiao Technology offers director loans and assignment of loans to medium-size enterprise, borrowers, and creditors. According to Renaissance Capital, the online lender plans to… Read More

February 7, 2018 @ 12:19 pm By JD Alois  |  

Gifto is partnering with conceptual artist Kevin Abosch to create a unique crypto-artwork, called “The Forever Rose”. The project is said to be designed to stimulate a deeper discussion on the state of the cryptocurrency and Blockchain industry. Abosch is best known for creating and selling… Read More

February 7, 2018 @ 8:53 am By JD Alois  |  

Financial technology of Fintech is the future. Physical branches are going away. Recently, at the Paris Fintech Forum, Jay Sidhu stated that if banks do not shrink their bank branches by 90% they will disappear. Think about that for a minute (especially if you work… Read More

February 6, 2018 @ 7:08 pm By Erin Hobey  |  

Fintech and cryptocurrency solutions company Tech Bureau noted that that Japan’s first online bank, Japan Net Bank, Limited is testing blockchain technology integrations using mijin and Hyperledger and has initiated a proof-of-concept project to evaluate to utilize the cryptocurrencies for paperless contract administration, scheduled to be… Read More

February 6, 2018 @ 8:40 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) was queried by several Members of Parliament this week who asked the regulatory agency if they intend on following in the footsteps of China and South Korea in banning Bitcoin and other Cryptocurrencies. Additionally, MPs asked how MAS is… Read More

February 5, 2018 @ 11:37 am By Samantha Hurst  |  

Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced last week it has signed RMB 1 Billion Line of Credit agreements with both Ping An and Xiamen International Banks. The company reported that Ping An Bank will provide a RMB 500 million line of credit with a term of one… Read More

February 5, 2018 @ 10:21 am By JD Alois  |  

Waves has announced a new partnership that will expand its presence into the hot Southeast Asian initial coin offering (ICO) market. Waves has announced an agreement to collaborate with Indonesian platform Tokenomy to push into major new global opportunities. Waves says that as part of… Read More

February 3, 2018 @ 2:36 am By Xu Gao  |  

Tencent Credit Launches Public Beta Testing in China On January 30th, Tencent officially launched a public beta testing for its credit service-Tencent Credit. Users may get access to the service by searching “Tencent Credit” within WeChat, complete real-name authentication, bind his/her mobile phone number to… Read More

February 2, 2018 @ 12:38 pm By JD Alois  |  

The KROPS Initial Coin Offering has received a Cease & Desist (C&D) from the Philippines Securities and Exchange Commission. The C&D, embedded below, demands the immediate halt to the sale of KROPS Tokens or KropCoins. The SEC states the company has not filed the necessary… Read More

February 2, 2018 @ 12:00 pm By Samantha Hurst  |  

On Friday, UK Prime Minister Theresa May announced the launch of R5-SHCH Connect, which is described as a new service that links banks in China with London’s foreign exchange (FX) market. The government official announced the launch while in Shanghai as part of her first… Read More

February 1, 2018 @ 4:00 pm By Samantha Hurst  |  

Plug and Play Japan announced on Thursday that Mobility is a new genre for its startup accelerator program in addition to Fintech, IoT, Insurtech for the Batch 1 program. This new Mobility program is being launched in partnership with Nissan Motor as a leading partner…. Read More

February 1, 2018 @ 8:47 am By Samantha Hurst  |  

On Thursday, fintech and payments events organizer Money 20/20 announced the keynote speaker line-up for its Money 20/20 Asia event, which will take place in Singapore this upcoming March. According to Money 20/20, the event will recognize the defining influence of the pan-Asian payments, fintech… Read More

February 1, 2018 @ 8:36 am By Erin Hobey  |  

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Investor Education Centre (IEC), a subsidiary of the Securities and Futures Commission (SFC), jointly launched a public education campaign today on the risks associated with ICOs and cryptocurrencies. The campaign aims to provide the… Read More