Asia

Greg Gibb: CEO of Wealth Management Firm Lufax Says Chinese Fintech Sector Is “Restructuring Dramatically”

Greg Gibb, CEO at Lufax, an online wealth management platform and tech solution provider for local governments and financial institutions, recently shared his views and insights on the future of Fintech, during the Committee of 100 Greater China Conference and Gala 2019, which were held… Read More

Chinese Fintech WeLab Secures $156 Million Through Series C Financing Round

Chinese fintech WeLab announced on Thursday it secured $156 million through its Series C funding round. According to WeLab, the investment attracted new investors, as well as five existing investors including Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank. Founded in 2013, WeLab claims… Read More

Bitmain’s Jihan Wu Hosts First Promotional Meeting Since Ouster of Co-Founder, Micree Zhan

Details have emerged regarding Jihan Wu’s plans to regroup cryptomining hardware giant Bitmain and restore company fortunes after the hostile ouster of co-f0under Micree Zhan earlier this fall. Zhan, an electrical engineer, and Wu, a Beijing tech entrepreneur, co-founded Bitmain in 2013. As one of… Read More

Fintech Firms in Vietnam Acquired $410 Million in Funding During First 9 Months of 2019

Fintech companies in Vietnam acquired $410 million, or 36% of the total global capital invested into Southeast Asia’s economies between January and September of this year, which is right behind Singapore. Vietnam’s market share of regional VC funding allocated to Fintech-related projects increased from only… Read More

Report: Bank of China Issues Bonds via Blockchain

A report from earlier this week in Sina indicates that the Bank of China has issued Yuan 20 billion (USD $ 2.8 billion) in “special finance bonds” for small and micro firms. For the issuance, the Bank of China used a “self-developed blockchain bond issuance… Read More

Qatar Central Bank’s Governor Reveals Country is Developing Nationwide Fintech Strategy for Banking Sector

H.E. Sheikh Abdulla bin Saoud Al Thani, Governor of Qatar Central Bank (QCB), revealed on December 8 that the nation’s central bank is in the process of developing the banking sector’s Fintech strategy. Qatar’s Fintech strategy is being created in cooperation with local financial institutions… Read More

InstaReM Adds “e-KYC” Service in Malaysia

Payments and transfer Fintech InstaReM, part of the  NIUM payments platform, has added an electronic-Know Your Customer or “e-KYC”. InstaReM’s e-KYC eliminates the need for in-person checks. The service is now available in Malaysia has enabled by the central bank the Bank Negara Malaysia (BNM)…. Read More

Sensely Joins Plug and Play Japan’s Insurtech Accelerator Program

Sensely, a U.S. startup that has created avatar and chatbot-based platforms to assist insurance plan members and patients with insurance services and healthcare resources, announced on Tuesday it has been selected for the next batch of Plug and Play’s Insurtech program in Japan. According to… Read More

China: WeiyangX Fintech Review

Happy Buddha

46 Innovative Financial Services & Products From 77 Entities Accepted into Beijing Fintech Sandbox On December 7th, Beijing Municipal Bureau of Financial Work held a Fintech seminar in Beijing. Zhicheng Zeng, an official from the People’s Bank of China, revealed in a speech that 46… Read More

Former Google Executive Tania Aidrus Chosen by Prime Minister Imran Khan to Lead “Digital Pakistan” Initiative

Tania Aidrus, a former director of products and payment at Google and former country manager (Singapore) for South Asia’s emerging markets at Google, has returned to Pakistan after spending 20 years working abroad. Aidrus will now be leading Pakistan into the digital age. The MBA… Read More

Huobi Cryptocurrency Exchange’s US Partner Platform Shutting Down

HBUS, a compliant US-based crypto trading platform formed in partnership with popular China-based cryptocurrency exchange Huobi, has announced it is closing its doors. Huobi announced the plans in a tweet titled “HBUS Cease to Operate”: “We regret to inform you that HBUS will need to… Read More

Regtech: Centenal, CustomerXP, Dathena, IDfy, Merkle Science are the Top 5 Asian Regulatory Tech Firms according to Regtech100

Regtech100 recently published its latest list of the world’s top or best 100 regulatory technology (Regtech) firms. There were five Regtechs on the list that are based in Asia. Regtech100 compiles a list of the 100 most innovative Regtech firms each year. The list aims… Read More

Legaltech: India’s Lawyered, a Legal Technology Company, has Raised $100,000 from Angel Investors

Finding a good law firm to work with can be challenging, however, Lawyered aims to make it simpler, easier and faster to get the legal services companies may need. The legal technology (Legaltech) startup has reportedly raised $100,000 from various angel investors. The investors include:… Read More

Switzerland based Fintech Incubator and Accelerator F10 Sets Up Shop in Singapore

Switzerland based Fintech Incubator & Accelerator F10 has set up a new office in Singapore to expand its reach in the world of Fintech. Singapore is a well established Fintec hub due to the exceptional support by the Singaporean government and financial regulators. F10 said… Read More

Dubai’s Wamda Invests in UAE-based Fintech Firm FlexxPay, a Social Impact Company for Businesses in the MENA Region

Wamda has reportedly made an investment in United Arab Emirates (UAE)-headquartered Fintech firm FlexxPay. The social impact company offers various benefit solutions to workers, which are available for businesses in the Middle East and North Africa (MENA) region. Wamda’s latest investment is part of FlexxPay’s… Read More

Thailand Arrests Chinese Gang Pervading Cryptocurrency Call Centre Scam

Authorities in Thailand have arrested 24 Chinese nationals perpetuating a scam involving cryptocurrencies and solicitation phone calls to citizens living in China. According to the Thai Immigration Bureau, the parties arrested were recruited by a gangster who, open the workers’ arrival, confiscated their passports. The… Read More

Compliant Digital Securities Platform Securitize Acquires BUIDL, a Japanese Blockchain Consulting Firm

Securitize, a platform for the issuance and management of compliant, blockchain-based digital securities, has reportedly acquired a Japanese consulting and development firm focused on distributed ledger technology, called BUIDL, in order to further expand its operations in Japan. We just announced at the Global Brain… Read More

Details Emerge Regarding China’s Hainan Blockchain Initiative

Chinese state media vehicle Xinhua is reporting details about a state-supported blockchain initiative in the South China island province of Hainan. Hainan’s blockchain pilot zone, which is based in the Hainan Resort Software Community (RSC) industrial park, was actually launched in October 2018. The zone… Read More

People’s Bank of China Begins Pilot Regulation Program for Fintech Businesses in Beijing

China’s central bank announced on December 5 that it’s planning to support the nation’s capital city Beijing in exploring and experimenting with various regulatory guidelines for the evolving Fintech industry in order to develop a more inclusive and suitable supervision framework. The nation’s Fintech regulation… Read More

SpaceChain Launches Blockchain Hardware Wallet Technology to the International Space Station

SpaceChain, a Singapore-based blockchain community platform, announced on Thursday it has sent its blockchain hardware wallet technology to the International Space Station. The company claims that its tech is considered the first technology demonstration of blockchain hardware on the space station and will be installed… Read More

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