Asia

October 9, 2017 @ 9:38 am By Erin Hobey  |  

The NEM.io Foundation, creators of the P2P NEM blockchain platform, shared that ShapeShift will integrate NEM’s XEM token, aiming to provide greater liquidity options to token holders. ShapeShifts exchange plays an important role in the cryptocurrency ecosystem, and its API is used by many third… Read More

October 8, 2017 @ 5:11 am By JD Alois  |  

The Centre for Finance, Technology and Entrepreneurship (CFTE) is launching their first online Fintech course which will open to the public soon. If you are interested, you may enroll here. The course is described as “Around Fintech in Eight Hours.” The coursework starts with an overview of Fintech and introduces a… Read More

October 7, 2017 @ 10:01 am By JD Alois  |  

Taiwan appears to be taking a different approach than its neighbor China when it comes to distributed ledger technology and cryptocurrency. In a report from the Newslens, the Financial Supervisory Commission (FSC) Chairman Wellington Koo told a joint meeting of Parliament and the cabinet that… Read More

October 5, 2017 @ 9:15 am By JD Alois  |  

Blockchain or Distributed Ledger Technology (DLT) is pretty much accepted as the future of banking. A bigger question is whether or not banks will continue to exist, at least in present form.  Banks that embrace change and innovation stand a better chance to evolve and… Read More

October 4, 2017 @ 7:56 pm By JD Alois  |  

The Reserve Bank of India (RBI) is out with “Master Directions” regarding non-banking financial companies or peer to peer lenders. RBI indicated last month P2P lenders would not be considered banks. The governmental directive is officially known as the “Non-Banking Financial Company – Peer to… Read More

October 4, 2017 @ 9:26 am By Samantha Hurst  |  

Japan-based fintech firm QUOINE announced on Wednesday the launch of its global Initial Coin Offering (ICO) to build a global crypto economy liquidy platform. This news comes just a few months after the company launched its full digital cryptocurrency exchange and trade platform. Speaking about the ICO, Mike… Read More

October 3, 2017 @ 10:22 pm By JD Alois  |  

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), along with Infocomm Media Development Authority (IMDA), have successfully completed a proof-of-concept for a Know Your Customer (KYC) blockchain. OCBC Bank is the longest established bank in Singapore formed in 1932 from the merger of three… Read More

October 3, 2017 @ 8:57 am By Erin Hobey  |  

Robo.cash, an automated P2P lending platform that includes a buyback guarantee, recently celebrated its own steady growth during 2017 Q2, noting that its total amount of investments now exceeds €1.8 million. In addition, nearly €400,000 in loans were added in August alone, while the  average invested… Read More

September 30, 2017 @ 2:00 am By Xu Gao  |  

CreditEase Fintech Investment Fund is Making a New Investment. Guess Who the Fund is Interested in?  Last week (September 18th -24th), CreditEase Fintech Investment Fund, a venture committed to investing growth-stage Fintech startups in China and globally, announced a new round of investment to three… Read More

September 29, 2017 @ 12:02 pm By Samantha Hurst  |  

Singapore’s and Southeast Asia’s SME crowdfunding platform Funding Societies announced on Friday it was named the first southeast Asia company to win the Global SME Excellence Award from United Nations’ ITU Telecom, which was held this year in Busan, South Korea. This news comes just days after… Read More

September 29, 2017 @ 10:07 am By JD Alois  |  

InvestHK is out with a laudatory statement regarding the Hong Kong Monetary Authority’s decision to “upgrade” its FIntech Supervisory Sandbox with new features.  FinTech Sandboxes have also been announced by the Securities and Futures Commission (SFC) and the Insurance Authority. These actions mean that pretty… Read More

September 29, 2017 @ 8:47 am By JD Alois  |  

The Financial Services Agency (FSA) in Japan has put their seal of approval on eleven different cryptocurrency exchanges that facilitate the transfer and exchange of Bitcoin, Ethereum and other digital currencies. This is according to a report in Reuters highlighted the fact that Japan recognized… Read More

September 29, 2017 @ 6:47 am By JD Alois  |  

South Korea has announced it will ban all Initial Coin Offerings (ICOs) following a similar action taken  by China. According to a report in Reuters, The Financial Services Commission all ICOs will be halted and trading in cryptocurrencies, such as Bitcoin and Ethereum, must be… Read More

September 28, 2017 @ 11:23 am By Erin Hobey  |  

MoneyOnMobile, Inc. (OTCQX: MOMT) announced an agreement with ShopClues, one of India’s largest e-commerce marketplaces, to enable the in-store purchase of ShopClues products using the MoneyOnMobile platform at any of its participating 335,000 retailers. “The alliance with MoneyOnMobile is in sync with ShopClues’ vision of… Read More

September 27, 2017 @ 1:25 pm By JD Alois  |  

Funding Societies, Singapore’s and Southeast Asia’s SME crowdfunding platform, has announced the launch of its new chatbot “Miyu”. This is described as the first such chatbot created by a crowdfunding company in Southeast Asia. Miyu was jointly developed by two Singapore Management University interns at… Read More

September 27, 2017 @ 12:33 pm By Samantha Hurst  |  

Earlier this month, Deloitte announced the launch of its regional blockchain lab located in Hong Kong. According to the company, this new lab will implement and deploy Distributed Ledger Technology (DLT) for corporate clients across the region. Joe Guastella, Deloitte Global Consulting Leader of Financial Services… Read More

September 27, 2017 @ 10:27 am By Samantha Hurst  |  

On Wednesday, Deloitte announced the winners of the inaugural Technology Fast 20 Hong Kong program. The top three companies are WeLab Holdings Limited, SenseTime Group Inc., and GoGo Tech Holdings Limited. While sharing details about the program, Philip Law, Deloitte TF20 Hong Kong Program Leader,… Read More

September 26, 2017 @ 2:33 pm By Samantha Hurst  |  

San Francisco-based fintech Ripple has announced the opening of its new Singapore office. This news comes just one month after the company opened its India office. While sharing details about the new office, Dilip Rao, managing director for Ripple APAC, reportedly stated: “Singapore is leading the… Read More

September 26, 2017 @ 12:21 pm By JD Alois  |  

Another day, another challenge for the cryptocurrency world. Bloomberg is out with report that Singapore banks are quietly closing bank accounts of some cryptocurrency and payment firms. Singapore regulatory authorities recently issued a cautionary statement on Initial Coin Offerings (ICOs), just like the rest of… Read More

September 25, 2017 @ 11:15 am By JD Alois  |  

The NEM.io Foundation, a group that has created a peer-to-peer blockchain platform, is holding a series of events for the NEM community and newcomers to the blockchain ecosystem. Singapore based NEM provides an “out-of-the-box” blockchain solution, and its series of local events and global webinars… Read More