Asia

September 11, 2017 @ 9:02 am By JD Alois  |  

SWC Enterprise, said to be the fastest growing houseware retail store in Malaysia, recently launched an equity crowdfunding offer on Fundedbyme. The campaign has successfully raise 281% from its minimum target of MYR 1,002,728 (about USD $238,858), the total amount has been achieved MYR 2,847,146… Read More

September 10, 2017 @ 9:04 pm By JD Alois  |  

FinTech Australia is sharing that two of their members have been selected to participate in the Swift global FinTech challenge at LATTICE80 on 13 and 14 September 2017. This past June, SWIFT offered Fintech companies from around the world to develop new overlay services that leverage… Read More

September 9, 2017 @ 1:16 pm By Xu Gao  |  

Online Marketplace Lenders Banned from Lending to College Students in China On September 6th, Zhao Jianjun, deputy director of the Department of Finance at Ministry of Education, announced at a press conference that online marketplace lenders are banned from lending to college students in China…. Read More

September 8, 2017 @ 12:49 pm By JD Alois  |  

Securities Commission Malaysia (SC), a regulatory body that has been quite forward thinking when it comes to Fintech innovation, has published a statement on Initial Coin Offerings or ICOs. SC cautions investors on participating in ICOs or token sales noting that some may be securities,… Read More

September 8, 2017 @ 9:26 am By JD Alois  |  

The United Kingdom and Singapore has held their third UK-Singapore Financial Dialogue in Singapore today (September 8).  According to information provided by the Monetary Authority of Singapore, the two countries exchanged views on domestic and international financial market developments and covered a broad range of… Read More

September 7, 2017 @ 8:00 pm By JD Alois  |  

Joe Seunghyun Cho is the founder of LATTICE80 – the largest Fintech hub in the world. But he is also the co-founder and Chairman of Marvelstone Group, a Singapore based private investment group.  Marvelstone looks to invest in financial services, tech, real estate, infrastructure, energy… Read More

September 7, 2017 @ 12:10 pm By Erin Hobey  |  

Money transfer without borders. Smart Transfer officially launched it P2P mobile payment platform that enables international social payments across multiple currencies at no charge to users.  Aside from bank accounts, Smart Transfer allows international money transactions to be made to any phone number, email address… Read More

September 6, 2017 @ 4:00 pm By JD Alois  |  

The Initial Coin Offering (ICO) market is going through a turbulent period of change and regulation. Following an incredible rise of the new form of raising capital online, regulators around the world are pumping their rule making breaks to slow down cryptocurrency based securities offerings…. Read More

September 6, 2017 @ 12:25 am By JD Alois  |  

Hong Kong has released a statement on the use of initial coin offerings (ICOs) warning issuers and platforms alike that certain ICOs may be deemed securities and thus fall under existing securities laws. The Securities and Futures Commission (SFC) said it has noticed an increase in… Read More

September 5, 2017 @ 12:07 pm By Samantha Hurst  |  

On Monday, Arrow Electronics (NYSE: ARW) announced the expansion of its Arrow Open Lab in Hong Kong and its new technology lab with partner and crowdfunding platform Indiegogo.  According to Arrow, Hong Kong-based tech startups will have access to invaluable design-for-manufacturing support and go-to-market resources from Arrow and Indiegogo… Read More

September 5, 2017 @ 11:18 am By JD Alois  |  

Peer to peer lender Amartha has formed a partnership with the largest state-owned micro credit guarantee company in Indonesia, Perum Jamkrindo. This follows a similar partnership with Bank Mandiri. Amartha is an online lender designed to connect Micro Businesses and SMEs that seek affordable working… Read More

September 5, 2017 @ 10:30 am By Samantha Hurst  |  

Private equity fund manager Senturia Capital has reportedly announced a partnership with peer-to-peer financing platform Funding Societies to expand alternative financing access and capital solutions for Malaysian businesses. According to The Star, Senturia Capital managing director, Datuk Marco Yap, revealed that the partnership with Funding… Read More

September 5, 2017 @ 6:41 am By JD Alois  |  

As was announced yesterday, China government officials have pushed pause on the initial coin offering (ICO) market with a strong statement effectively banning any tokenized offerings in the near term. The actual document, released by the People’s Bank of China, may be found here in… Read More

September 5, 2017 @ 6:08 am By JD Alois  |  

  Marvelstone Group, the creators of LATTICE80 in Singapore, has signed a memorandum of understanding (MOU) with the Seoul Metropolitan Government to partner on Fintech. Earlier today, a signing event took place at LATTICE80 where representatives of Marvelstone Group joined with representatives from South Korea… Read More

September 4, 2017 @ 11:17 pm By JD Alois  |  

CoAssets Limited (ASX: CA8), an online crowdfunding platform based in Singapore, has announced two items designed to fuel the company’s next phase of growth as it seeks to transform into an “online financial institution” and to create a more diversified credit landscape. CoAssets has entered… Read More

September 4, 2017 @ 1:02 pm By JD Alois  |  

A joint task force took place this weekend in South Korea addressing the burgeoning cryptocurrency market. According to a report in BusinessKorea, The Financial Supervisory Commission (FSC), the Korea Fair Trade Commission (KFTC) and the National Tax Service (NTS) came together to review digital currencies,… Read More

September 4, 2017 @ 12:02 pm By JD Alois  |  

China has banned initial coin offerings (ICOs) – the red hot method of raising money using cryptocurrency based tokens, according to a report by Reuters. The move was not unexpected as WDJZ.com reported on August 28th the Chinese government was considering the move to halt… Read More

September 2, 2017 @ 4:00 pm By Xu Gao  |  

Regulators in China are Said to Plan a Blanket Ban on Initial Coin Offerings In response of the ICO craze, regulators in China including PBC, CSRC and NIFA have held several internal meetings to discuss the best approach to regulate this emerging token creation events…. Read More

September 1, 2017 @ 11:16 am By JD Alois  |  

Fincera Inc. has received FINRA approval to change its ticker symbol to “YUANF“. Previously, the China based online lender had traded under “AUTCF”. Fincera trades on OTC Markets OTCQB. The Company’s common stock has been assigned a new CUSIP number of G3441J102 in connection with the… Read More

September 1, 2017 @ 10:30 am By Samantha Hurst  |  

CoAssets Limited (ASX: CA8), a crowdfunding platform specializing in facilitating funding for real estate and small to medium-sized enterprises, announced on Thursday it has entered into a share sale and purchase agreement with Brigthen Management, Limited (BML), a member company of Styland Holdings Ltd (HK… Read More