Asia

October 7, 2016 @ 8:10 am By JD Alois  |  

EthisCrowd has been recognized as the Best Islamic Crowdfunding Platform for its social impact real estate campaigns in Indonesia. The Singapore-based platform received the award at the 6th Global Islamic Finance Awards (GIFA) 2016, in Jakarta recently. President Joko Widodo was the guest of honor and also… Read More

October 6, 2016 @ 6:49 am By Erin Hobey  |  

China’s outstanding P2P loans more than doubled to a record high at the end of September, according to an industry report, underscoring the challenges Chinese authorities face in regulating the exponentially growing sector. P2P loans surged 153.5 percent to 956 billion yuan ($143 billion), according to the official… Read More

October 5, 2016 @ 12:30 pm By Xu Gao  |  

CIRC strengthens regulation towards internet finance It is reported that many local insurance companies have received notices from regulatory authorities, asking them to do a self-examination towards risk of collaboration with internet finance platform. Yet, some insurance companies in Shanghai believed this notice as a… Read More

October 4, 2016 @ 8:09 am By JD Alois  |  

Global law firm Baker & McKenzie will be supporting Hong Kong-based SuperCharger Fintech Accelerators 2.0. Baker & McKenzie is very active in China with offices in Hong Kong, Beijing, and Shanghai. Baker & McKenzie was previously a supporter of SuperCharger FinTech Accelerator 1.0 – the… Read More

October 4, 2016 @ 4:52 am By Erin Hobey  |  

India-based mobile wallet company MobiKwik has entered the short-term consumer loan segment, claiming to be the first wallet company in India to roll out this service, according to the release. Users may also register themselves for EMIs. The approval for each loan request will be done within thirty… Read More

October 3, 2016 @ 10:23 am By JD Alois  |  

The government of Singapore has made Fintech an important part of their future economic growth. The island city-state has always punched above its weight economically and policy makers are moving quickly to establish Singapore as the Asian hub for financial innovation. Today the Monetary Authority… Read More

September 29, 2016 @ 9:00 am By Samantha Hurst  |  

On Thursday, international financial services group Manulife announced the opening of its third Lab of Forward Thinking (LOFT) location in Singapore. The lab is described as a global exploration and incubation capability that provides a platform for Manulife’s employees to collaborate and devise new technology… Read More

September 28, 2016 @ 11:54 am By Samantha Hurst  |  

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced on Tuesday it has been named an inaugural member of the Internet Financial Industry Information Sharing Platform(IFIISP). According to the company, the IFIISP was launched by China Internet Finance Association (CIFA) and aims to… Read More

September 28, 2016 @ 6:59 am By Erin Hobey  |  

Chennai, India-based online financial marketplace, BankBazaar announced the addition of $736K (SGD 1 Mn) growth capital into its Singapore arm, BankBazaar International, according to a release.  The funds will be used to scale technology, and strengthen the expansion strategies, as well as to establish its first financial marketplace in… Read More

September 27, 2016 @ 2:00 pm By Xu Gao  |  

  Baidu FSG launches mobile foreign exchange service Baidu FSG recently announced the launch of mobile foreign exchange service. Users of Baidu Wallet in Canada, Italy, Japan and Philippine could use this service to exchange small foreign change into targeted currency category. It is said… Read More

September 27, 2016 @ 8:38 am By Erin Hobey  |  

PINTEC Group, a leading Chinese fintech platform, today announced it will spinoff P2P lending platform Jimubox into an independent company, JIMU Group. Jimubox was a wholly-owned subsidiary of PINTEC Group, which holds a diversified group of financial technology businesses operating in the digital consumer lending… Read More

September 25, 2016 @ 10:26 pm By JD Alois  |  

Bank Indonesia (BI) recently announced 5 new initiatives regarding the payment system – a hot sector of financial services. Within these five strategic objects was Financial Technology or Fintech. Bank Indonesia, the central banking authority of the 4th most populous country in the world stated;… Read More

September 25, 2016 @ 3:18 pm By JD Alois  |  

Shanghai Daily is reporting that global consultancy EY has gotten sucked into the collapse of peer to peer lender Jinxing Investments. According to the report, the Shanghai offices of EY has endured several protests becoming surrounded by angry investors who were under the impression that… Read More

September 23, 2016 @ 11:03 am By JD Alois  |  

Lufax, one of China’s largest peer to peer lending platforms, is preparing for its long-awaited IPO. This is according to a report in Reuters that stated the IPO could raise $5 billion. At the last funding round, Lufax captured a valuation topping $18 billion.  China… Read More

September 22, 2016 @ 6:31 am By Erin Hobey  |  

Invest Hong Kong (InvestHK) announced that Hong Kong will play host to the first Hong Kong Fintech Week in early November, part of a new drive to position the city as the premier center in Asia for fintech companies and startups looking to grow their… Read More

September 22, 2016 @ 3:58 am By Erin Hobey  |  

Thailand decided to open a fintech regulatory sandbox, with the central bank set to invite firms to participate early next year, according to a release. The sandbox will enable developers working on lending, payment and money-transfer services and products to experiment for up to a year. An… Read More

September 21, 2016 @ 2:51 pm By Samantha Hurst  |  

On Tuesday, private investment company Marvelstone Group announced it developed a new fintech hub, called LATTICE80, and will be launching it in Singapore.The company stated that LATTICE80 will be located in the Central Business District (CBD), an area that is notably close to the key financial… Read More

September 21, 2016 @ 10:27 am By JD Alois  |  

Standard Chartered Bank and Supercharger, a Hong Kong-based accelerator, have opened up applications for global Fintech firms to participate in the  “SuperCharger FinTech Accelerator 2.0”, a 12-week innovation programme aimed at helping promising FinTech companies grow their footprint in Asia. The very first round saw 160… Read More

September 20, 2016 @ 5:03 am By Erin Hobey  |  

Singapore-based fintech startup Traderwave is delighted to announce their participation in the Cohort 3 of the MaGIC Accelerator Program. Claiming to be the largest start-up accelerator program in Southeast Asia, this four-month long program began in mid- August 2016, and is scheduled to end on 8 December 2016…. Read More

September 19, 2016 @ 12:03 pm By WeiyangX  |  

Fintech related cases would become an important area of civil and commercial trial in the future. On September 10, 2016, the sixth “Southern China Enterprise Law Innovation Forum” was held in Shenzhen. During the seminar of “China’s Law Innovation in Internet Age”, Yang Linping from… Read More