Asia

Kenneth Bok: Head of Growth and Strategy at Zilliqa, a Major Blockchain Platform, Talks About Major Stablecoin Use Cases

Kenneth Bok, head of growth and strategy at Zilliqa, an established blockchain project that provides infrastucture to StraitsX, a stablecoin initiative introduced by the Fintech payments provider Xfers, recently shared his views and insights with Crowdfund Insider. Xfers is accredited by the Monetary Authority of… Read More

Tokenize Malaysia Receives Full Regulatory Approval

Tokenize Malaysia, one of a handful of digital asset exchanges that was recognized as a conditional market operator by Securities Commission Malaysia in 2019, has received full regulatory approval according to multiple reports. The approval was delivered on April 1, 2020. The approval qualifies the… Read More

JPMorgan Launches Electronic Foreign Exchange Trading & Pricing Engine in Singapore

Singapore at Night Marina Bay

Global financial services giant JPMorgan recently announced it has established an electronic foreign exchange (FX) trading and pricing engine in Singapore. The launch was notably launched with support from the Monetary Authority of Singapore (MAS). JPMorgan reported that the new trading engine, which was first… Read More

Singapore-based Smartly, a Robo Advisory Platform, to Close Down Due to Increasing Competition in Wealth Management Sector

Singapore-based Smartly, a Robo-advisory platform, is reportedly planning to close down its business operations, due to intense competition in the wealth management and technology (Wealthtech) industry. Established in 2015 and acquired in 2019 VinaCapital, a Vietnamese investment management company, Smartly’s management has been struggling  to… Read More

Crypto.com Waives 3.5% Credit Card Fee For Crypto Purchases & Increase Rebates For Essential Purchases During COVID-19 Pandemic

Hong Kong-based cryptocurrency platform Crypto.com announced on it is waiving the 3.5% credit card fee for crypto purchases during the next three months (April through June) as well as increasing rebates for essential purchases (food, groceries, and delivery) during the COVID-19 pandemic. Supported brands of… Read More

Sony Bank Forms New Partnership With OneSpan For Remote Banking Security

Sony Bank, a Japanese commercial banking group and a subsidiary of Sony Financial, a member of the Japanese electronics giant Sony, has formed a new partnership with remote banking transaction security specialist OneSpan. Through the collaboration, Sony Bank will use OneSpan’s mobile security suite to… Read More

CoinEx Teams Up With Simplex to Offer Credit Cad Payments of Cryptocurrencies

CoinEx, a global and professional cryptocurrency exchange service provider, announced on Tuesday it has formed a new partnership with fiat infrastructure provider, Simplex. CoinEx reported that the partnership enables its users to purchase cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC)… Read More

Singapore Digital Assets Custody Service Onchain Custodian Announces New Partnership With Celsius Network

Onchain Custodian, a Singapore-based digital assets custody service, announced on Tuesday it has formed a new partnership with Celsius Network, a cryptocurrency lending, and borrowing platform. The duo reported that the partnership enables Onchain Custodian’s customers to earn a yield on their assets by lending… Read More

Huobi Derivatives Markets Introduces Crypto-based Perpetual Swaps to Help Investors Hedge Against Risk and Access Arbitrage Opportunities

Huobi derivatives markets (DM), a trading platform that supports cryptocurrency futures and perpetual contracts, has introduced perpetual swaps, which are a new type of derivative product that allows users to better hedge risk and access leveraged arbitrage opportunities during volatile or unstable market conditions. As… Read More

Japan-Based Financial App Kyash Secures $45 Million Through Series C Funding Round Co-Led By Greenspring Associates & Goodwater Capital

Kyash, a Japanese financial app, announced on Tuesday it secured $45 million through Series C funding round, which was co-led by Greenspring Associates and Goodwater Capital with participation from Altos Ventures, Partech Partners, Broadhaven Ventures, Tekton Ventures, and Rahul Mehta, Managing Partner of DST Global…. Read More

Digital Banking: Taiwan’s First Neobank, Next Commercial Bank, Introduces Kamakura Corporation’s Solutions for Risk Management

After performing an extensive vendor evaluation, Next Commercial Bank (NCB), Taiwan’s first all-digital bank, has introduced Kamakura Corporation’s proprietary solutions for risk management. NCB’s management says that a modular and integrated software solution can offer clear advantages over disparate systems by reducing operational costs and… Read More

Virtual Bank: Airstar Bank Launches Pilot in Hong Kong

Airstar Bank Limited, a licensed virtual bank in Hong Kong, has announced the launch of a pilot trial. The pilot is being conducted under the watchful eye of the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox. Airstar is a joint venture between Xiaomi Corporation (1810.HK)… Read More

Siam Commercial Bank in Thailand to Launch Ripple-based Consumer International Payments Mobile App

The Siam Commercial Bank (SCB) in Thailand will be launching its Ripple-based consumer international payments mobile app. The SCB, which is one of the country’s largest commercial banks, began using RippleNet (Ripple company’s decentralized network of financial institutions) in order to connect to major banking… Read More

Online Lender Kabbage Furloughing Employees: Report

Kabbage, an online lender focusing on SMEs, is apparently temporarily laying off employees in light of the COVID-19 pandemic. Additionally, a support center in Bangalore is said to be shuttering and executives are taking pay cuts as the Fintech struggles to adapt in a landscape… Read More

CipherTrace Enlisted to Advise Japanese Regulators on FATF Crypto Travel Rules

CipherTrace, a cryptocurrency research and tracking platform that provides services to both the public and private sector, has distributed a note that it is meeting with Japanese financial regulators to review the relatively new FATF travel rules and its impact on “virtual asset service providers… Read More

KuCoin Announces “Project Pinocchio” With Multiple Blockchain Institutions to Tackle Dishonest Behaviors in the Crypto Space

Singapore-based global cryptocurrency exchange KuCoin recently announced the launch of its new project “Project Pinocchio” together with 21 blockchain institutions from around the world. KuCoin describes Project Pinocchio as a neutral and credible alert platform for less trustworthy projects in the cryptocurrency industry. The platform… Read More

Stock Trading Mobile App TradeUP Announces Hong Kong Stock Trading

TradeUp, a U.S.-based stock trading mobile app, announced on Monday it has introduced Hong Kong stock trading. According to TradeUp, the trading option will give U.S. investors access to the Hong Kong market, thus expanding their portfolios to includes international stocks. TradeUp reported that in… Read More

Sony Bank Introduces “English Online Banking” Services

Sony Bank, a Japanese commercial banking group and a subsidiary of Sony Financial, a member of the Japanese electronics giant Sony,  announced on Monday the launch of its new “English Online Banking” services. According to Sony Bank, the new banking services will provide foreign residents in… Read More

Digital Banking: There’s Still a Long Way to Go Before Neobanks in Asia Pacific Compete with Traditional Financial Institutions, According to Industry Executives

Yves Roesti, Sean Huang, Xuna Shao and Joshua Choy from Synpulse, a financial services consulting company, point out that most digital banks were launched without physical branch locations. What makes neobanks stand out from incumbents is their ability to leverage technology to differentiate their product… Read More

China Might Not be Prepared to Launch its Blockchain Service Network Next Month (as Planned), Due to Coronavirus Outbreak

Several reports from media outlets have claimed that China’s Blockchain Service Network will be introduced next month. However, these reports seem to be coming from local sources, which made the announcements before China’s first fatality due to the coronavirus (COVID-19). In October of last year,… Read More

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