Binance Announces Plans to Open Office In Malta After Recent Hacking Attempts

Binance announced plans to open a new office in Malta. CEO of the company, Zhao Changpeng, confirmed the office’s location by stating: “We are very confident we can announce a banking partnership there soon. Malta is very progressive when it comes to crypto and fintech.” Joseph… Read More

Cryptocurrency Exchange Binance Receives Warning from Japanese Financial Services Agency

The Financial Services Agency (FSA) in Japan has slapped Binance with a warning regarding cryptocurrency exchanges that operate without being registered with the FSA. Binance is one of the largest cryptocurrency exchanges in the world. Recently, the crypto-exchange thwarted a hack attack. Binance then placed… Read More

Singapore Robo-Advisor StashAway Celebrates USD $5.3M Series A Funding Round

StashAway, reportedly the first robo-adviser to receive a retail license in Singapore, has completed a USD $5.3 million (SGD $7.0 million) Series A funding round. According to the company, a group of family offices and  new investors as well as previous investors in the business, such… Read More

InvestHK UK Fintech Award: Fintech Mosaic Smart Data Wins Top Prize

Mosaic Smart Data, a London based Fintech that helps financial institutions in adapting to regulatory change, has won the inaugural InvestHK UK Fintech Awards.  The recognition was revealed by InvestHK  along with the UK Department for International Trade. The competition received 30 submissions from UK based… Read More

CreditEase Announces New Strategic Cooperate Partnership With Amundi

CreditEase Wealth Management, a wealth management arm of CreditEase, announced on Wednesday it has signed a strategic cooperation agreement with Amundi Asset Management (Amundi), a France-based asset managing company. According to CreditEase, through this new partnership, the two companies will deepen their cooperation further in… Read More

South Korea Pursues New Fintech Innovation Development Strategy

South Korean Financial Services Commission Chairman Choi Jong-ku is pursuing a new policy to advance Fintech innovation. Korea has taken some heat for its excessively restrictive approach to financial services that undermines competition and innovation in financial services. In an announcement this week, Jong-ku introduced… Read More

Receivables and Supply Chain Financing Firm Culum Capital Comments on GTR Ventures Investment

Culum Capital, a Singapore-based receivables and supply chain financing platform, has received an investment  from GTR Ventures. GTR revealed several Fintech investments this past week – mainly in the online lending vertical. “We are thrilled to be partnering with GTR Ventures,” commented Ginnie Chin, co-founder &… Read More

Decentralized Cryptocurrency Exchange Kyber Network Opens to the Public

Singapore-based Kyber Network, a decentralized cryptocurrency exchange, has announced its public beta launch. The public launch of Kyber Network comes at a time when there is increasing scrutiny about crypto exchanges and platform security.  Kyber Network is a fully decentralized exchange, meaning it exists entirely on… Read More

Vietcombank Selects Finastra to Drive Digital Transformation Initiatives

UK-based fintech Finastra announced last week it was selected by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to drive its digital transformation initiatives. Finastra reported its technology will streamline and automate Vietcombank’s operational processes and improve overall customer experience to enhance… Read More

Hong Kong Trade Finance Platform Qupital Signs Financial Strategy Agreement With Alibaba

Qupital, a Hong Kong-based trade finance platform, announced last week it has signed a financial strategy agreement with Alibaba. According to Qupital, The collaboration enables qualified Gold Supplier members of Alibaba to free up working capital easier through its platform. It was also reported: “Under this agreement, Alibaba Gold… Read More

China: WeiyangX Fintech Review

China to Combine CBRC and CIRC According to a State Council reform plan that was presented for deliberation during the National People’s Congress on March 13, China will abolish China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC). Instead, it will establish… Read More

InvestHK: Hong Kong Fintech Week will Expand from Hong Kong Into Shenzen

The 2018 Hong Kong Fintech Week, hosted by Invest Hong Kong (InvestHK), will put a new spin on their annual, week long event. According to InvestHK, the 3rd annual Hong Kong Fintech Week, which runs from 29 October to 2 November 2018, will become a… Read More

The Good, The Bad & The Ugly: Monetary Authority of Singapore Critiques Cryptocurrency Market

In a speech delivered at the Money20/20 Asia conference in Singapore, Ravi Menon, MD of the Monetary Authority of Singapore (MAS) delivered a speech assessing the state of cryptocurrencies and initial coin offerings (ICOs). Entitled, “Crypto Tokens: The Good, The Bad, and The Ugly,” Menon… Read More

Chinese Fintech Yirendai Unveils Fourth Quarter & Full Year 2017 Financial Results

Yirendai Ltd. (NYSE: YRD) (“Yirendai” or the “Company”), a leading fintech company in China, announced on Thursday the release of its unaudited financial results for the quarter and full year ended December 31, 2017. The company reported that in the fourth quarter of 2017, it facilitated RMB 13,438.5 million (US$2,065.5 million)… Read More

Lithuania and Singapore to Cooperate on Fintech Innovation

The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to collaborate and mutually support the development of the Fintech ecosystems and encourage financial innovation between the two countries. Today, MAS and the Bank signed a Fintech Co-operation Agreement during the Money… Read More

Ride-Hailing Company Grab Teams Up With Credit Saison to Launch Financial Services: Looks to Expand Access to Credit for Southeast Asia’s Unbanked

Grab Inc. (Grab), an on-demand transportation and fintech platform in Southeast Asia, announced on Tuesday it has teamed up with Credit Saison Co., Ltd. (Credit Saison), one of Japan’s largest consumer financing companies, to provide loans and lending services to millions of unbanked and underbanked consumers, micro-entrepreneurs… Read More

Indian Fintechers RBL Bank & CreditVidya Join Forces: Instant Verification

RBL Bank, an Indian private sector banks, and CreditVidya, a leading Indian fintech firm which provides alternate data credit underwriting solutions to over 25 premier financial institutions, have joined forces to enable RBL Bank to instantly verify the employment details of salaried individuals, consequently reducing… Read More

Smart Crypto Indexes: LATTICE80 to Launch Altcoin Futures

LATTICE80, a Fintech Hub that has recently migrated its headquarters from Singapore to London, has announced its intent to launch Altcoin Futures. LATTICE80 expects to reveal details during Money20/20 taking place in Singapore this month. LATTICE80 is co-founded by Joe Seunghyun Cho, and is backed… Read More

Former Blackrock / JPMorgan Exec Joins High Speed Blockchain Zilliqa

Zilliqa, a Fintech that is working on high-speed Blockchain technology that is predicted to rival transaction speeds of VISA, has hired En Hui Ong as Head of Business Development. Ong was most recently at JPMorgan and prior to that she worked at Blackrock. Ong will… Read More

GTR Ventures Invests in Five Trade Fintechs: Tradeteq, eFundSME, Culum Capital, IncomLend & Trade Finance Market

GTR Ventures, an investment and venture platform that is specializing in the global trade and supply chain financing sector, has announced investments in five Fintechs based in the UK and Asia: Tradeteq, Trade Finance Market, Culum Capital, eFundSME and Incomlend. Launched in September 2017 with… Read More