Asia

October 27, 2021 @ 4:30 pm By JD Alois  |  

Hedera Hashgraph reports that DBS, an international bank based in Singapore, has joined its Governing Council. This is the first Asian bank to join Hedera on its mission to expand the utilization of its enterprise blockchain ecosystem. DBS is expected to be integral in guiding… Read More

October 26, 2021 @ 10:33 pm By Omar Faridi  |  

Payments and API banking solutions firm, Cashfree Payments reveals that it has introduced PAN (Permanent Account Number) Verification on Cashfree Payments Verification Suite. This new feature should enable merchants to perform a single online PAN verification or bulk pan verification of as many as 10,000… Read More

October 25, 2021 @ 11:23 pm By Omar Faridi  |  

The team at digital assets firm Gemini are pleased to announce the launch of Gemini Earn in Hong Kong, enabling users to earn as much as 8.05% APY on their crypto-assets. With Gemini Earn, interest is earned and compounded on a daily basis, and you… Read More

October 25, 2021 @ 9:46 pm By Omar Faridi  |  

Fintech Galaxy, the UAE-headquartered open innovation platform, has acquired $2 million in seed funding in order to further enhance the development and rollout of its Open Finance platform, as it looks to further expand its reach and support financial inclusion across the MENA region. Fintech… Read More

October 25, 2021 @ 9:42 pm By Omar Faridi  |  

FIS and Money.Jo have teamed up to adapt to significant changes in consumer behavior in the MENA region. Less than a year after establishing business operations in Jordan, Money.Jo (also called Money for Finance) became the nation’s leading consumer loan provider, with €3.9 million in… Read More

October 25, 2021 @ 6:26 pm By Omar Faridi  |  

During the past year, the Fintech sector in Saudi Arabia has experienced steady growth. This, according to the Fintech Saudi Annual Report for 2020/2021. The number of Saudi Arabia-based Fintechs increased by 37% with an investment amount surpassing SAR 1.3 billion (appr. $347 million). Nejoud… Read More

October 25, 2021 @ 2:45 pm By Omar Faridi  |  

VisionLabs, the facial recognition company, has announced the launch of its biometric payment hardware — the VisionLabs LUNA POS Terminal. The certified terminal is the first payment device to enable traditional credit card payments and biometric facial recognition payments. With six design and three utility… Read More

October 25, 2021 @ 1:11 pm By JD Alois  |  

If you are a Bitcoin maximalist, times are good. Reports keep rolling in regarding the acceptance and utilization of crypto and more specifically Bitcoin thus helping to drive the price of BTC higher. Today, CNBC is reporting that Mastercard will soon allow banks and merchants… Read More

October 24, 2021 @ 3:45 pm By Omar Faridi  |  

Bowtie, which claims to be Hong Kong’s first digital insurer, announced earlier this week the completion of a $22.6 million Series B1 round that was led by Mitsui & Co., Ltd., with participation from existing investor Sun Life Hong Kong Limited. Mitsui is one of… Read More

October 24, 2021 @ 3:39 pm By Xu Gao  |  

Enterprise Data Search Engine Arctic Data Completes 20-million -yuan Pre-A Round Financing Enterprise Data search engine Arctic Data has recently completed a 20-million-yuan pre-A round of financing. The investment was led by Vitalbridge, and participated by Plum Ventures and Incapital. Established in 2018, Arctic Data… Read More

October 23, 2021 @ 4:57 pm By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announced that it has completed “its first set of live trades on its electronic foreign exchange (e-FX) hub, based in SG1.” The e-FX hub, which was created with assistance from the Monetary Authority of Singapore (MAS), allows Deutsche Bank’s customers to… Read More

October 22, 2021 @ 9:19 pm By Omar Faridi  |  

XanPool, a payments infrastructure developer that operates in more than 13 countries in the Asia Pacific region, has acquired $27 million in capital via a Series A round that was led by Valar Ventures, along with contributions from investors such as CMT Digital, as well… Read More

October 21, 2021 @ 10:36 pm By Omar Faridi  |  

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

October 21, 2021 @ 11:33 am By Omar Faridi  |  

Zilliqa, the high-performance, high-security blockchain platform, has announced the appointment of software tech industry executive Dr. Ben Livshits as CEO, effective 11 October 2021. Dr. Livshits has spent over 20 years at pioneering tech firms that have shaped the internet as we know it today… Read More

October 21, 2021 @ 10:41 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China have solidified their relationship in a memorandum of understanding (MOU) that seeks to combine innovation and supervision regarding Fintech. The MOU seeks to implement the “Guangdong-Hong Kong-Macao The Outline of the Development Plan… Read More

October 20, 2021 @ 11:59 am By Omar Faridi  |  

Atlas Technology Group LLC, a leader in the digital asset space and one of the largest ASIC mining firms; and Compute North, a company focused on mining infrastructure, have announced a new hosting service agreement under which Compute North will offer more than  100MW colocation… Read More

October 20, 2021 @ 9:05 am By JD Alois  |  

FV Bank, a challenger bank and digital asset custodian, has received a strategic investment from NGC Ventures.  The investment and partnership is expected to help drive FV Bank’s expansion throughout Asia. FV Bank said it raised USD $8 million as part of the funding round,… Read More

October 19, 2021 @ 10:07 pm By Omar Faridi  |  

Asia Digital Bank Ltd. (Labuan Investment Bank), the first recipient of the Digital Banking license issued by Labuan Financial Services Authority in Malaysia and an international digital asset operator, announced a partnership with Bianjie, which is IRISnet’s Core team, and a Cosmos Core Contributor since… Read More

October 18, 2021 @ 10:57 pm By Tony Zerucha  |  

Indian bank ICICI Bank this week announced the launch of Home Utsav, a virtual property exhibition that digitally showcases real estate projects by developers from cities across the country. The exhibition offers convenience to prospective home buyers as they can select a home by browsing… Read More

October 18, 2021 @ 10:27 pm By Tony Zerucha  |  

NFT marketplace creator and B2B SaaS provider NFTically has confirmed seed funding of under $1 million from an investor group including Nazara Games exec Nitish Mittersain, Unacademy co-founder Gaurav Munjal, Udaan co-founder Sujeet Kumar, Bollywood actor Kunal Kapoor, and Coinbase CPO Surojit Chatterjee. The funds… Read More