Asia

July 31, 2017 @ 3:47 pm By JD Alois  |  

Asia is hot when it comes to technology. Perhaps more so regarding Fintech as it is the largest internet finance market in the world. Israel is globally known as the Innovation Nation. Global equity crowdfunding platform OurCrowd is helping to boost the Israel – China… Read More

July 30, 2017 @ 10:46 am By Xu Gao  |  

China Issues Guideline on Artificial Intelligence Development Last week, China’s State Council has issued a guideline on artificial intelligence (AI) development, setting a goal of becoming a global innovation center in this field by 2030. The total output value of artificial intelligence industries is expected… Read More

July 29, 2017 @ 9:07 am By Samantha Hurst  |  

Malaysia’s second-biggest bank, CIMB Group Holdings Bhd, announced this week its new equity joint venture partnership with Ant Financial Service Group’s Alipay to provide mobile wallet and related financial services.  According to Reuters, CIMB unit, Touch ’n Go Sdn Bhd, will be the majority shareholder… Read More

July 28, 2017 @ 8:05 am By JD Alois  |  

Visa (NYSE: V) and Marqeta, a payment card issuing platform that can provide consumers with immediate loans, has announced a global partnership to propel innovations in commercial and consumer payments in lending. Visa has also made a strategic investment in Marqeta and led a $25… Read More

July 28, 2017 @ 7:49 am By Jonathan Nieh  |  

  TenX, a fintech firm based out of Singapore, is trying to bring cryptocurrencies, like Bitcoin and Ether, out of the digital world and into the real world through the creation of a pre-paid Visa card that will instantly convert crypto coins into real spendable… Read More

July 27, 2017 @ 11:07 am By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi, Labuan International Business and Financial Centre (Labuan IBFC) and Labuan Financial Services Authority (Labuan FSA) have entered new partnerships to foster greater collaboration on joint financial activities and regulatory practice that support the… Read More

July 26, 2017 @ 12:00 pm By JD Alois  |  

Fundnel a crowdfunding and community platform serving all of AsiaPac, has announced it formed a first of a kind partnership with ThincLab, an Australia start-up incubator born out of the University of Adelaide. The collaboration will bring ThincLab’s network to Singapore, Fundnel’s home base, and… Read More

July 24, 2017 @ 8:09 am By JD Alois  |  

Data intelligence firm TAB (previously named Crowdsurfer) has launched the an index designed to indicate the health of the global online crowdfunding and marketplace finance industry. The Crowdfunding and Marketplace Finance Index (CAMFI) has been created in partnership with China big data firm BBD, Hangzhou Ling… Read More

July 22, 2017 @ 5:21 pm By Xu Gao  |  

National Financial Work Conference Points Out Clear Way for Building Financial ‘Super Regulator’ The two-day national financial work conference held from July 14-15 in Beijing came up with major principles for the country’s financial work, and make statements about direct financing and the construction of… Read More

July 22, 2017 @ 12:21 pm By Cole Lyons  |  

Deloitte has recently released a report concerned with how finance will look in the years to come, titled “Crunch time – Future of Finance in a Digital World: An Indian Perspective.” In this report, Deloitte takes into account how rapidly digital adoption has improved within… Read More

July 21, 2017 @ 10:15 am By JD Alois  |  

Ron Suber, perhaps the most prominent global Fintech Ambassador and President Emeritus of Prosper Marketplace, is on an extended swing across Asia visiting various platforms and presenting at events. Visiting with CNBC Asia this week, Suber explained how important transparency is for online lending and… Read More

July 19, 2017 @ 11:14 am By JD Alois  |  

KyberNetwork is a new project headed up by Loi Luu, a PhD candidate at National University of Singapore. He has done research on cryptocurrencies, smart contract security and distributed consensus algorithms and is one of the original founders of Oyente and Smartpool. KyberNetwork is a new… Read More

July 18, 2017 @ 11:02 am By Erin Hobey  |  

Indian mobile wallet MobiKwik has linked with Samsung Pay, integrating with Samsung Pay Mini to enable one-tap payments at merchants using Mobikwik. “We are enthused by the tremendous response Samsung Pay has received since its launch, both from our consumers as well as partners. Moving… Read More

July 18, 2017 @ 8:37 am By Samantha Hurst  |  

Startupbootcamp FinTech Singapore, a global accelerator that is focused on innovation in financial services, announced on Tuesday its 2017 cohort of startups have secured more than 70 pilots, clients, and key partnerships, with hundreds more in the pipeline. This announcement comes just on the bank… Read More

July 18, 2017 @ 8:17 am By Erin Hobey  |  

Due to popular demand, the application deadline for this year’s Global FinTech Hackcelerator has been extended to 25 July 2017. The Global FinTech Hackcelerator 2017, powered by KPMG Digital Village and Matchi, is looking for global innovative entrepreneurs who can address problems faced by the financial… Read More

July 18, 2017 @ 8:03 am By Erin Hobey  |  

DENT Wireless, a Hong Kong-based blockchain mobile data exchange, and Aquto, a sponsored data and data rewards platform, has entered into a partnership to unlock new ways for operators to monetize their networks. Smartphone penetration throughout the world is high, but mobile internet data is still… Read More

July 18, 2017 @ 7:07 am By Jonathan Nieh  |  

According to several online sources, a new law in South Korea is set to make it legal for companies to process international transfers using cryptocurrencies like Bitcoin and Ether. Digital Currency Exchanges Can Register with Korean Gov’t The new laws, which are set to go… Read More

July 17, 2017 @ 3:36 pm By Samantha Hurst  |  

Just eight months after announcing its plans to move into Hong Kong and Singapore, Chinese peer-to-peer lending platform Lufax is set to make its way to Singapore. It is now prepping to launch its new platform called Lu International.  As previously reported, Lufax Chairman and… Read More

July 16, 2017 @ 3:00 pm By Xu Gao  |  

CBRC Partners with 19 Banks to Establish Fintech Cloud Stack. By 2020, 60% of systems in China’s banking industry will be deployed in the cloud, most with the approval of the China Banking Regulatory Commission. According to the report, China Banking Regulatory Commission (CBRC) has… Read More

July 14, 2017 @ 12:00 pm By Samantha Hurst  |  

CreditEase Wealth Management announced on Thursday it has recently been approved by the U.S. Securities and Exchange Commission (SEC) to become a registered investment advisor (RIA). The firm may now provide advice to investors in the U.S. Speaking about the RIA process, Dr. Fan Gal,… Read More