Asia

P2P Lender Faircent.com Receives NBFC-P2P Certification from Reserve Bank of India

P2P lender Faircent.com has received NBFC-P2P certification from the Reserve Bank of India (RBI), reportedly the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator. Faircent.com anticipates that the RBI certification will help Faircent.com gain… Read More

Fintech Firm Flywire Teams Up With SP Jain For New Student-Led Singapore-Based Startups Competition

Flywire, a fintech firm that provides global payment and receivable solutions for education, healthcare, and commercial enterprises, announced this week it has partnered with SP Jain School of Global Management to launch a startup competition, the Flywire Challenge, to power a new generation of transformative entrepreneurship in Singapore and the APAC… Read More

Huobi Group Appoints Chris Lee, Former CEO of OKEx as VP of Global Business Development

Singapore based Huobi Group, a crypto exchange and blockchain solutions provider, has appointed the former OKEx CEO, Chris Lee as Board Secretary and Vice President of Global Business Development. Lee will be leading Huobi Group’s global M&A strategy and oversee the development of international teams…. Read More

Mitsubishi UFJ Financial Group Partners with Akamai on Speedy Blockchain & Payment Network

Mitsubishi UFJ Financial Group (MUFG), one of the largest financial institutions in the world, and Akamai Technologies, have announced the development of a new blockchain service. This new partnership seeks to create “the world’s most scalable and fastest payment processing platform” with a capacity to… Read More

China: National Committee of Experts on the Financial Security Technology Says Beware of Fake Virtual Currencies & Fraud

This past week the Chinese National Committee of Experts on the Financial Security Technology issued a report highlighting fraud in the cryptocurrency marketplace. The government sponsored group pointed to 421 “fake virtual currencies coming from overseas.” China has effectively banned cryptocurrencies and initial coin offerings…. Read More

China: WeiyangX Fintech Review

Multinational Retail Giant Auchan Establishes a Joint Venture of Consumer Finance with China’s Bright Food Group On April 28th, France’s Oney Bank and Bright Food Group from Shanghai, signed an investment agreement to establish Shanghai Bright-Oney Consumer Finance Co., Ltd., and submitted the materials to… Read More

Thai SEC Says Digital Asset Business Law Now Effective, Regulates Initial Coin Offerings

The Thailand Securities and Exchange Commission (SEC) said that new legislation enacted to regulate the offering of digital assets, including initial coin offerings (ICOs) and businesses undertaking these activities, is now effective. A public hearing is scheduled to take place on the regulations at a future… Read More

Indorse Partners with ICOCrunch to Drive ICO Project Transparency

Indorse, a blockchain-powered social network for professionals, has partnered with ICOCrunch, an independent research platform that showcases ICO projects. Through this partnership, Indorse will help ICOCrunch add an “additional layer of legitimacy” to projects on the platform. Once a project has been verified through Indorse,… Read More

In the Money! Jirnexu Nabs US$11M to Spend Toward Growth

Jirnexu is in the money, as the old song goes. The Kuala Lumpur-based financial services provider has nabbed US$11 million in a Series B finding round led by SBI Group and new investor SIG Asia Investments, according to Tech in Asia. The new funding will be… Read More

Tech Bureau Releases Catapult Blockchain Software and Launches On-Demand Developer Lab

Tech Bureau, a blockchain software and services provider, has released mijin v.2, also known as Catapult, a full-featured, blockchain engine delivering a new version of the NEM protocol for both public and private networks for enterprise. The company is also launching a self-service, on-demand developer… Read More

High Score! Mobile Gamer ALAX Touts $3.8M Token Raise

ALAX, a Hong Kong and Geneva based mobile game distribution platform, has raised US$3.8 million from its token-based fundraise. With its fresh funding, ALAX plans to strengthen its commitment toward bringing quality mobile gaming content to Asia. Funding will also help drive product development, international… Read More

HSBC Singapore Joins Forces With ING & Cargill to Conduct Live Commercial Trade Finance Transaction on R3’s Blockchain Platform Corda

HSBC Singapore announced on Monday it was joining forces with ING and agrifood group Cargill to conduct what it claims to be the first live, commercial trade finance transaction on R3’s blockchain platform, Corda.  According to HSBC Singapore, the blockchain transaction involved a bulk shipment of… Read More

P2P Platform Kapital Boost Partners with Genpro on Indonesian SMEs

Kapital Boost, a Sharia based peer to peer platform, and Global Entrepreneur Professional (or Genpro), have announced a new partnership to support the development of SMEs in Indonesia. The collaboration will see Kapital Boost providing funding to Genpro’s members who qualify and demonstrate strong growth… Read More

China: WeiyangX Fintech Review

PBOC Bans Unauthorized APP to Access Credit Rating System Recently, the People’s Bank of China (PBOC), China’s central bank, issued a document named, “Notice on Further Strengthening the Management of Credit Information Security” (Yinfa [2018] No. 102) (hereinafter referred to as “Document No. 102”), to… Read More

BTC Wants to Connect $12.7 Trillion Payment Market to Bitcoin in China via Mobile App on Huawei Smartphones

BTC.com, a prominent platform for cryptocurrency users (that is affiliated with Bitmain), has announced the BTC.com mobile wallet will be the first cryptocurrency app released on Huawei’s AppGallery. The BTC wallet claims to have more than one million users, having processed USD$ 5 billion since… Read More

Chinese YouTube Like Platform Qiyi Culture Partners with Synerero’s Wildspark Platform & Amp Crypto

Synereo, a company that is developing decentralized tech for content creation and distribution, has formed a partnership with Shanghia based Qiyi Culture, described as one of China’s top online content production companies. Qiyi Culture is said to have over 30 million viewers for single original… Read More

Pundi X Appoints Microsoft & Ethereum Veteran David Ben Kay As Chief Counsel

Pundi X (CURRENCY: PXS), a cryptocurrency point-of-sale solution provider, announced on Tuesday it has appointed Microsoft and Ethereum veteran David Ben Kay as its new Chief Legal Counsel. According to Pundi X, Ben Kay helped establish over 250 companies in that country, including Microsoft’s China subsidiary which he helped set… Read More

OurCrowd Expands Presence in Asia by Partnering with Bangkok Bank

OurCrowd, a global leader in equity crowdfunding, has further boosted its presence in Asia by forming a new partnership with Bangkok Bank (BBL), a leading bank in Thailand. Bangkok Bank is one of Southeast Asia’s leading regional banks and Thailand’s market leader in corporate and SME… Read More

Citi Announces Six Open API Partnerships in Hong Kong

Citi announced on Tuesday that six strategic partnerships with leading corporations in Hong Kong to accelerate the development of open Application Programming Interface (API) in the city and to make available what the financial giant calls “easy and speedy” banking services in response to consumers’ increasingly digital… Read More

LATTICE80 Announces Plans to Launch Crypto Exchange For Institutional Investors

LATTICE80 announced on Tuesday it is currently planning to launch Crypto Exchange exclusively for institutional investors. According to LATTICE80, the new exchange will be catered to Institutional Investors and it will have a market-making engine to provide liquidity to other exchanges and funds. While sharing more details… Read More