Asia

Funding Societies Tops S$100 Million in SME Funding, Claims Top Spot for Any Crowdfunding Platform in SE Asia

Funding Societies, a leading peer-to-peer lending platform based in Singapore, has crossed the S$ 100 million mark in total crowdfunded SME loans. The financing was provided to SMEs across Singapore, Indonesia and Malaysia. According to the company, Funding Societies has expanded its crowdfunding book by… Read More

InvestHK Reveals Details About UK Fintech Awards 2018

Invest Hong Kong (InvestHK) announced on Monday details of its UK Fintech Awards 2018, which is organized in conjunction with the UK’s Department for International Trade. According to InvestHK, the Awards are open for submissions from January 22nd (today) and will close on February 23rd…. Read More

Malaysia Makes Progress on Corporate Diversity as Women in Leadership Positions Grow

Malaysia has not only been forward thinking when it comes to Fintech but it has also pursued a path of corporate diversity. Last April, public officials updated the Malaysia Code on Corporate Governence (MCCG) to require gender diversity policy along with targets and specific corporate… Read More

China: Weiyangx Fintech Review

China’s first online centralized personal credit database is on the way Earlier this month, People’s Bank of China formally accepted the license application of Baihang Credit Investigation Ltd. Led by the National Internet Finance Association of China, Baihang will be China’s first online centralized personal… Read More

Securities Commission Malaysia Issues New Warning on Initial Coin Offerings

The Securities Commission Malaysia (SC), along with Bank Negara Malaysia (BNM), has issued a new “cautoinary statement” regarding investor interest in initial coin offerings (ICOs). This is not the first time SC has warned the public against dubious crypto offerings. Today’s statement affirms that ICOs… Read More

CoAssets Signs Strategic Cooperation Agreement With EC Technology & Innovation

CoAssets Limited (ASX: CA8), an online crowdfunding platform based in Singapore, announced on Thursday it has signed a strategic cooperate agreement with EC Technology & Innovations Limited (ECTI), a wholly owned subsidiary of Shaing Economy International, Inc. (NASDAQ: SEII).  According to CoAssets, Sharing Economy International is currently… Read More

AngelList Announces Syndicates For India

Earlier this week, AngelList announced the launch of Syndicates for India, which is described as a new way for investors in India to invest alongside experienced angels and VC funds that invest in the country’s tech industry. AngelList stated: “Syndicates are a private single-deal investment… Read More

Goldbell Financial Services Collaborates with Regional Crowdfunding Platform New Union

Goldbell Financial Services (GBFS), a subsidiary of Singapore’s largest commercial vehicle and industrial equipment distribution and leasing company Goldbell Group, has inked a new partnership with crowdfunding platform “New Union. Goldbell wants to provide SME clients new, innovative and alternative financial solutions, and crowdfunding is the… Read More

The Government Answers if the Public Asks: Korean Petition on Cryptocurrency Tops 200,000 Signatures Necessary to Compel the Government to Respond

South Korea has veered off track in allowing digital currencies to grow and evolve. Frightened by the rapid rise in Bitcoin trading and speculation, public officials have been raiding exchanges, banning anonymous accounts, and threatening to ban cryptocurrencies altogether. As the South Korean government moved… Read More

Finastra Presents its HK Future of Banking Center of Excellence, Partners with McKinsey

Finastra, a Vista Equity Partners portfolio company, has newly established its Future of Banking Center of Excellence at Cyberport in Hong Kong. This strategic move is part of the worldwide program at Finastra to continue to build its innovation ecosystem and collaborate with strategic partners… Read More

Singapore Deputy PM Responds to AML/Anti-Terror Financing Questions Regarding Cryptocurrency

Last week, a Singapore Member of Parliament, Foo Mee Har, posed some questions to the Singapore Prime Minister regarding enforcement of anti-money laundering (AML) and counter-terrorism financing and Bitcoin utilization where “conventional oversight mechanisms of the real money market do not apply.” Singapore Deputy Prime… Read More

Report: South Korea will Fine Virtual Accounts as Pressure Increases on Digital Currency Investing

A few days ago we reported that South Korean government authorities had initiated a ban on all anonymous transactions in cryptocurrencies. Today, according to a report in Yonhap, officials will fine anyone who had not migrated a virtual account to a real name account. Account… Read More

SelfKey Public ICO Sells Out in 11 Minutes

This should come as no surprise but SelfKey’s public token sale closed in just 11 minutes.  According to the company, the public portion of the initial coin offering (ICO) hit its cap of $5.94 million in mere minutes. SelfKey’s pre-sale easily raised its cap of… Read More

Cryptocurrency Ban: Bank of Indonesia Halts All Usage of Digital Currencies Including Bitcoin

Bank Indonesia has issued a statement affirming that using Bitcoin, and any other cryptocurrency, is not allowed in Indonesia. Bank Indonesia has previously issued proclamations sharing their stance on digital currencies – most recently in December when the bank said usage would be banned in… Read More

China: WeiyangX Fintech Review

Renren Calls an End to its ICO Project It was reported that Renren has closed its RRCoin ICO project after a talk with China’s regulatory authorities. Among the 1 billion RRCoins that were planned to issue, 40% would have beeen allocated to private equity, 25%… Read More

SelfKey Public Initial Coin Offering Commences on January 14th

Following a successful pre-sale where organizers reportedly raised $15 million, the SelfKey public Initial Coin Offering will start tomorrow (January 14th @ 12 AM UTC). Founded by Edmund Lowell, SelfKey’s tech stack is already in use.  In fact SelfKey may find itself in use with some big… Read More

Republic Protocol Plans Blockchain “Dark Pool” for Cryptocurrency Trading

Republic Protocol has announced a Blockchain based “Dark Pool” for cryptocurrency trading. Noting that 15% of all Wall Street trades on are not widely available to the public, Republic Protocol wants to provide a solution. In the US, dark pool trading, while sounding ominous, has… Read More

Dianrong Announces Strategic Agreement With Dalian Finance Development Bureau & Dalian Finance Industry Investment Group

Chinese peer-to-peer lending platform Dianrong announced on Thursday it has signed a strategic agreement with Dalian Finance Development Bureau and Dalian Finance Industry Investment Group. Dianrong revealed that according to the agreement it will be developing a series of specific projects in partnership with the Dalian government,… Read More

Bitcoin Tanks as South Korea Expected to Ban the Popular Cryptocurrency, Exchanges are Raided

South Korea has been back and forth on the future of cryptocurrency and its exchanges for some time now. Today, apparently things have taken a turn for the worse as reports indicate that South Korea will ban all cryptocurrencies and prominent exchanges have been raided… Read More

UK Direct Lender Goji Nabs Multi-Million Pound Anthemis-Led Round

Goji, the UK-based specialist direct lending investment manager and platform, secured an undisclosed multi-million pound funding round from investors including Anthemis’ Venture Fund 1 (AVF1) and AXA Strategic Ventures (ASV). “Confidence in direct lending as an asset class is picking up pace and the investment… Read More