Asia

November 28, 2016 @ 7:43 am By JD Alois  |  

OurCrowd, a global leader in investment crowdfunding, has announced the official opening of its office in Singapore. The new office will help OurCrowd expand its operations across Asia by connecting Asian investors will promising early stage companies from around the world. OurCrowd also announced the… Read More

November 27, 2016 @ 7:08 pm By JD Alois  |  

Coinciding with the inaugural Singapore Fintech Festival, BNY Mellon opened its 8th “innovation center” in recognition of the growing dominance of Singapore in the Fintech race. The opening was announced earlier this month when Stephen Lackey, Chairman of Asia Pacific for BNY Mellon, explained; “The opening… Read More

November 25, 2016 @ 9:11 am By Jessica Pham  |  

Phunware, a U.S. tech startup based in Austin, Texas, raised $22 M earlier this month from Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia. Khazanah is not a stranger to investing in companies beyond the Malaysian borders; it has also invested in companies… Read More

November 24, 2016 @ 11:00 am By Jessica Pham  |  

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

November 24, 2016 @ 10:00 am By Jessica Pham  |  

Bank Indonesia (BI) in Jakarta announced last week the opening of its Fintech office, which will aim to evaluate existing and conduct research on new fintech models, products, and services.  The office not only allows the central bank to maintain its risk management and consumer protection… Read More

November 23, 2016 @ 7:58 am By Xu Gao  |  

JD Finance Has Been Carved Out of JD.COM On November 15th, JD.COM announced it would transfer/sell all the shares it held in JD Finance. In other words, JD.COM will no longer be the legitimate owner of JD Finance. This corporate reorganization was said to make… Read More

November 22, 2016 @ 10:28 pm By Jessica Pham  |  

PwC launched earlier this month a new Fintech tool called the Vulcan Digital Asset Services, which digitizes everyday banking, commerce, and personal currency and asset related services.  Currently, specific services available include digital asset wallets, international payment processing, and investment and trading services.  In the near… Read More

November 21, 2016 @ 8:46 pm By JD Alois  |  

The UK had solid representation in Singapore last week for the inaugural Fintech Festival. The UK Economic Secretary Simon Kirby was in Singapore attending the event, helping to promote the globalization of Fintech – an admirable pursuit. This past spring, A This past spring, a Fintech… Read More

November 21, 2016 @ 11:12 am By JD Alois  |  

As part of the first annual Fintech Festival, Singapore gifted S$1.15 million to ten different Fintech firms. Sponsored by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS), a list of 200 global Fintech firms were narrowed down to 40… Read More

November 21, 2016 @ 9:39 am By JD Alois  |  

Singapore is on a mission to become the global leader in Fintech innovation. From fast-tracking the creation of a regulatory Sandbox to launching the largest Fintech hub in the world, Singapore envisions a world-leading ecosystem – not just a regional hub. As part of the… Read More

November 20, 2016 @ 12:07 pm By Jihoon Yeon  |  

The Amendments to the Financial Investment Services and Capital Markets Act (the Capital Markets Act) passed the South Korean Parliament in July 2015 and went into effect on January 25th, 2016, laying the framework for investment crowdfunding in South Korea. The adoption of investment crowdfunding… Read More

November 20, 2016 @ 9:03 am By JD Alois  |  

The Korea Exchange (KRX) has launched the Korea Startup Market (KSM) a service that provides a marketplace where the shares of early stage companies can be traded in the public market. As part of the launch, the KSM is utilizing the technology of Korean blockchain startup… Read More

November 19, 2016 @ 5:06 pm By Jessica Pham  |  

Accenture recently highlighted that Fintech investments in the Asia-Pacific region have accelerated over the past six years, growing from $103 million in 2010 to nearly $10.5 billion by the end of September 2016. Fintech investments in Asia are outpacing those in Europe and the U.S…. Read More

November 18, 2016 @ 5:06 pm By JD Alois  |  

OurCrowd’s co-founder and CEO Jon Medved is one of the most vocal advocates in the investment crowdfunding sector.  Medved has created one of the most prominent funding marketplaces, eschewing borders and definitions to raise capital for promising early stage companies around the globe. A best… Read More

November 17, 2016 @ 8:06 am By Samantha Hurst  |  

Hong Kong-based peer-to-peer lending platform Monexo announced this week plans to launch an “auto invest” feature on its platform. Sharing details about the new feature, CEO of Monexo, Mukesh Bubna announced in a statement: “We understand our customers and their fast-paced lives. It is virtually… Read More

November 17, 2016 @ 2:00 am By JD Alois  |  

While the UK has been the trailblazer in the creation of the concept of a regulatory Sandbox for innovative financial firms, the rest of the world has seen the light and moving forward with their own Fintech Sandbox structures. The UK understood that rule written… Read More

November 16, 2016 @ 2:15 pm By Jessica Pham  |  

New York-based Fintech firm Droit Financial Technologies secured a $16 million in Series A investments earlier this month from Goldman Sachs, Pivot Investment Partners, and Wells Fargo. Principal trading firm DRW also participated. Droit is a New York-based Fintech firm focused on providing enterprise solutions for OTC… Read More

November 16, 2016 @ 11:31 am By Xu Gao  |  

AliPay Offers New Functions for Single Users. Earlier this month, some AliPay users discovered a new online dating function on home page of  the AliPay app (Above 9.9 Version). According to some reports, users received invitation for this beta function. The users will have to… Read More

November 16, 2016 @ 8:16 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published its Fintech “regulatory sandbox” guidelines. The intent is to encourage and enable experimentation of solutions that leverages technology innovatively to deliver improved financial products and services to both consumers and businesses. The Sandbox guidelines have incorporated feedback… Read More

November 15, 2016 @ 9:40 am By Samantha Hurst  |  

Lufax, one of China’s largest peer to peer lending platforms, has announced plans to expand into both Hong Kong and Singapore. This news comes less than two months after the lender announced preparations for its Hong Kong Listing and IPO. Lufax Chairman and CEO, Gregory… Read More