Asia

China: WeiyangX Fintech Review

Hong Kong Securities & Futures Commission Joins R3 Blockchain Consortium The Hong Kong Securities and Futures Commission (SFC) announced it had joined the R3 blockchain consortium. Through this partnership, SFC will test applications of blockchain on record and settlement of securities and futures trading with the… Read More

Report: Majority of China P2P Lenders Could Fail in 2017

China is the largest market in the world when it comes to peer to peer lending. The Chinese online lending market has also earned a reputation for fraud and a wild-west type environment as many platforms operate with little regulatory oversight. But this is changing… Read More

Alibaba Subsidiary Ant Financial Invests in Mynt

Ant Financial Services Group, a leading digital financial services provider and part of the Alibaba family of businesses, has invested in Mynt or Globe Fintech Innovations – part of Globe Capital Venture Holdings (GCVHI). Mynt is part of Globe Telecom the leading Philippine mobile operator. Ayala Corporation,… Read More

PayPal, Singapore Management University Team Up for Fintech Scholarship

PayPal and Singapore Management University (SMU) have teamed up to establish a fintech scholarship that is worth S$180,000 (over $125,000). The investment is focused on building the talent pool in Singapore for the fintech sector. Six undergraduates at SMU’s School of Information Systems (SIS) will each… Read More

Digital Lenders Association of India & PwC Publish Report on Impact of Fintech

The Digital Lenders Association of India (DLAI), a private association formed by leading Fintech companies in the online lending space such as KredX, Capital Float, Lendingkart, Finomena, Rubique, Zest Money, Indialends and Neogrowth, has released a report entitled Union Budget 2017: Impact of Digital Financial Services…. Read More

OurCrowd Continues Asia Expansion By Bringing Equity Crowdfunding to Taiwan

OurCrowd, the leading global equity crowdfunding platform, has announced its expansion in Asia with a new Taipei office and financial partner, Shanghai Commercial & Savings Bank (SCSB). According to OurCrowd, SCSB recently received the approval of the Financial Supervisory Commission, to invest in the Israel… Read More

Rules-Based Fund CapBridge Launched to Invest in Private Securities

Singapore-based CapBridge Investment Trust (CIT) is a rules-based investment trust for private securities that has just launched. Recently incubated in the Clearbridge Accelerator in Singapore, the new firm is designed to help companies raise capital globally by driving institutional and accredited money into VC-like investments…. Read More

The Cambridge Centre for Alternative Finance, Monash Business School & Tsinghua University, Join on 2016 – 2017 Asia Pacific Alternative Finance Industry Study

The Cambridge Centre for Alternative Finance at University of Cambridge Judge Business School, Australian Centre for Financial Studies at Monash University and Tsinghua University Graduate School at Shenzhen have teamed up to launch the 2016-2017 Asia-Pacific Region Alternative Finance Industry Survey.  The consortium has gained the… Read More

China: WeiyangX Fintech Review

PBOC Becomes the First Central Bank to Issue Digital Currency Just at the start of 2017, People’s Bank of China (PBOC) took a big step in the area of digital currency. According to its announcement, PBOC has managed to test digital bill trading with beta-digital… Read More

Philippines: Central Bank Will Regulate Bitcoin, Virtual Currencies

The central bank in the Philippines laid down regulations last week for virtual currencies, including bitcoin. Bangko Sentral ng Pilipinas (BSP) was prompted by the surge in the number of money transfers across borders.  More specifically, the financial body is looking to mitigate risks, such as… Read More

Standard Chartered Announces Open Banking API Developer Portal Launch

Standard Chartered announced last week it has launched its Open Banking Application Programming Interface (API) Developer Portal. The company stated that the launch of the portal will enable the Bank to further its digitization agenda and increase collaboration with a wide spectrum of partners including corporates,… Read More

Monetary Authority of Singapore Relaxes Some Rules to Improve Financing of SMEs

The Monetary Authority of Singapore (MAS) has announced regulatory changes to boost the resilience of finance companies and enhance their ability to provide financing to small and medium-sized enterprises (SMEs). The financial regulator said that some finance companies fill an important niche in providing access… Read More

For the Love of Blockchain: Abu Dhabi Global Market + London Fintecher EquiChain

In the news again, Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to be a member partner of the industry working group, the Market Infrastructure Group, established by the London-based fintech company, EquiChain. The Group, comprising global industry & financial leaders,… Read More

Ayannah, DarcMatter, BIMA & Bambu Win Awards at Next Money Fintech Finals 2017

Singapore-based fintech startup Bambu was the winner of the Best Early Stage Startup Award at Fintech Finals 2017 in Hong Kong last month. Other highlights from the Fintech Finals 2017 included Ayannah winning the overall title, Best in Show, while DarcMatter won for Best Growth… Read More

CEOs Segal & Koota Comment on Artoo’s Partnership with Grameen Koota

Grameen Koota, a pioneer in rural lending, is expanding its product portfolio and venturing into individual lending for its rural customer base by partnering with fintech firm Artoo. Grameen Koota plans to develop a digital lending model to launch individual business loans utilizing Artoo’s intelligent digital platform… Read More

On the Lam: Manager of P2P Lending Platforms Disappears as 1 Billion Yuan in Funds Frozen

Platforms controlled by Beijing Qiyuan Fortune Network Technology Co. are in a tight spot as an executive is accused of mismanagement and has reportedly disappeared. According to a report in China News, the following peer to peer lending platforms; cmtouzi.com, naipinglicai.com, zaodianlicai.com, wanerjialicai.com, qianguan360.com, lexinglicai.com, xjinfu.com… Read More

Money360 Affiliate M360 Advisors Registers Fund with South Korea Financial Supervisory Service

Money360 announced on Monday its commercial real estate fund affiliate, M360 Advisors, successfully registered with the South Korea Financial Supervisory Service (FSS). According to the marketplace lending platform, the FSS registration allows South Korean hedge funds, corporations, pension funds, insurance companies, and other institutional investors to participate… Read More

P2P Lender Monexo Announces Undisclosed Strategic Partner Following Kolkata Launch

Hong Kong’s peer-to-peer lending platform Monexo announced on Monday it now has an undisclosed strategic partner. Founder and CEO of the online lender, Mukesh Bubna, reportedly stated that the new partner may be a domestic private equity fund. Bubna shared: “In 2017, our aspiration is… Read More