Asia

September 25, 2017 @ 10:49 am By Samantha Hurst  |  

Lending app MicroMoney recently announced plans to raise $30 million through its upcoming Initial Coin Offering (ICO), which will launch next month. Founded in 2015, Micro Money describes itself as a company that is focused on micro-financing in the online money lending industry and states that… Read More

September 25, 2017 @ 7:44 am By JD Alois  |  

FundedHere, a Singapore-based crowdfunding platform, has successfully raised S$ 505,500 for two local startups. Both campaigns included the pairing of professional investors with individuals not classified as Accredited Investors (AI).  This is a first for FundedHere and follows a recent global trend where investment crowdfunding… Read More

September 24, 2017 @ 1:47 pm By JD Alois  |  

The International Organization of Securities Commissions (IOSCO) held a meeting this past week of the Growth and Emerging Markets (GEM) Committee. This committee is the largest within IOSCO, representing over 75% of their membership. Ranjit Ajit Singh, Chairman, Securities Commission, Malaysia, and Vice Chair of… Read More

September 22, 2017 @ 9:12 pm By Xu Gao  |  

China Takes Strict Control Over Consumer Credit, Forbidding it to Enter the Real Estate Market It is reported on September 20th that the Guangzhou branches of PBOC and CBRC have jointly issued a statement about consumer credit regulation, forbidding it to enter the real-estate market…. Read More

September 21, 2017 @ 1:34 pm By Erin Hobey  |  

The Financial Services Agency of Japan (FSA) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) announced the completion of a framework for cooperation to promote innovation in financial services in Japan and ADGM. This Cooperation Framework recognizes the global nature of… Read More

September 21, 2017 @ 12:22 pm By Erin Hobey  |  

WorldRemit, a digital money transfer company, has launched in Malaysia following the company’s acceptance as one of only four initial entrants into Bank Negara’s Financial Technology Regulatory Sandbox in June.  Ridzuan Aziz, a senior Malaysian business leader with experience in compliance advisory and fintech, has… Read More

September 21, 2017 @ 10:34 am By Samantha Hurst  |  

On Wednesday, Denmark-based blockchain company OpenLedger announced it has teamed up with MVP Asia Pacific to launch a new blockchain program, OpenLedger MVP Blockchain Innovation. The program is offered to universities worldwide and will have accredited blockchain-based courses and program. The companies explained: “Since cryptocurrencies such… Read More

September 21, 2017 @ 10:31 am By JD Alois  |  

Fintech Bridge is Topic of Focus The UK government will host a “GREAT Festival of Innovation” in Hong Kong to showcase UK innovation and technology to the world. The announcement was shared by International Trade Secretary Dr Liam Fox today. Total bilateral trade between the UK… Read More

September 21, 2017 @ 8:54 am By JD Alois  |  

China is the biggest kid on the block when it comes to the emerging alternative finance market in the Asia Pacific region. In fact, China has the largest alternative finance market in the world driven by a fast growing economy, a highly connected population via… Read More

September 21, 2017 @ 7:28 am By JD Alois  |  

The Financial Conduct Authority (FCA) has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) designed to enhance collaboration in supporting Fintech innovation.  The FCA explains the agreement includes information sharing and mutual referrals of Fintech firms looking to enter into either… Read More

September 20, 2017 @ 9:18 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has created an international advisory panel for cyber security – launched in recognition of the shifting environment of financial services as increasingly all services are moving online. The newly formed panel is comprised of cyber security thought leaders from… Read More

September 20, 2017 @ 3:00 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it… Read More

September 19, 2017 @ 9:13 pm By JD Alois  |  

Following their expansion into Malaysia, SuperCharger Fintech Accelerator has scheduled its inaugural launch day event for September 26th in Kuala Lumpur. Organizers report that after reviewing over 100 applications, entries have been narrowed down to 10 promising Fintech startups. The event will see SuperCharger representatives… Read More

September 19, 2017 @ 1:16 pm By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, in collaboration with KPMG, announced that 11 outstanding global FinTech firms have been shortlisted for the inaugural FinTech Abu Dhabi Innovation Challenge in October.  The selected firms are currently undergoing an intensive five-week… Read More

September 18, 2017 @ 10:49 pm By JD Alois  |  

JD.com, (NASDAQ:JD), China’s largest retailer, and JD Finance, along with Thailand’s largest retail conglomerate Central Group, and Provident Capital have announced an investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, respectively. According to company representatives, the terms of the agreement indicate… Read More

September 18, 2017 @ 2:57 pm By Samantha Hurst  |  

Hong Kong-based fintech startup WeLab has revealed it is set to launch in Southeast Asia within the next year. According to Dealstreet Asia, the mobile lending platform is currently looking into strategic partnerships in the region and is expected to roll out products by 2018’s first… Read More

September 18, 2017 @ 11:42 am By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Monday it has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM stated its plans to… Read More

September 18, 2017 @ 7:41 am By JD Alois  |  

The Centre for Finance, Technology, and Entrepreneurship (CFTE), a UK based education platform for the finance industry, is has partnered with LATTICE80, an international Fintech hub based in Singapore. The partnership between the two entities is designed that to spur the growth of Fintech within… Read More

September 17, 2017 @ 10:55 am By JD Alois  |  

The ICO for ICO’s – ICOBox Token Sale has attracted 3933 BTC in its token (ICOs) crowd sale. At current exchange rates, ICOBox has raised over USD $14.5 million. The offer was launched on August 15 and closed 32 days later. The ICO was impacted… Read More

September 17, 2017 @ 9:37 am By Xu Gao  |  

China’s first and biggest bitcoin exchange BTCC is shutting down Early this month, PBOC, China’s central bank, placed a blanket ban on ICOs, which fueled speculation that China was on the way of a broader control and curb towards cryptocurrency market. There hasn’t been any… Read More