Asia

September 13, 2021 @ 6:19 pm By JD Alois  |  

Making certain a person or business is actually who or what they claim to be is very important. In a world that has migrated to virtual offices and digital meetings, the task of validation is an even greater necessity. AsiaVerify is a Regtech firm based… Read More

September 12, 2021 @ 10:22 pm By Omar Faridi  |  

UAE-headquartered healthcare financing platform Klaim has acquired $1.6 million via a pre-Series A round. Klaim’s investment round has been led by Mad’a Investments, a private equity company based in Saudi Arabia. Other investors also made contributions to the round, including Arzan Venture Capital and Wealth… Read More

September 12, 2021 @ 9:31 pm By Xu Gao  |  

Beijing Will Vigorously Support the Development of Two Types of Credit Rating Agencies On September 6th, Huo Xuewen, Director of Beijing Municipal Bureau of Financial Work gave a speech at the 2021 China Credit Forum. Huo introduced that Beijing would give priority to the development… Read More

September 12, 2021 @ 7:24 pm By Tony Zerucha  |  

Singapore-based digital asset exchange SDAX has obtained its Recognized Market Operator (RMO) license from the Monetary Authority of Singapore (MAS) to operate a digital asset exchange, the company said this week. SDAX believes the use of blockchain in capital markets will create new opportunities for… Read More

September 12, 2021 @ 3:20 pm By Omar Faridi  |  

BlueOrchard Finance, a Switzerland-based impact investment manager, and the Asian Development Bank (ADB) have entered a $50 million risk-sharing agreement for microfinance coverage in ADB’s developing member countries (DMCs). The firm is reportedly the first impact investment manager to work closely with the ADB’s microfinance… Read More

September 12, 2021 @ 3:17 pm By Omar Faridi  |  

Hong Kong Exchanges and Clearing Limited (HKEX) revealed on Friday (September 9, 2021) that it has made an enhancement to its suite of market data offerings, with the launch of an updated mobile market data subscription service. The newly introduced service, which is set to… Read More

September 12, 2021 @ 1:32 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), an established technology platform that aims to improve the online consumer finance experience for Chinese consumers, recently revealed its “unaudited” financial results for the quarter and “ended June 30, 2021.” As noted in a release by Qudian, some of the Q2… Read More

September 8, 2021 @ 2:29 pm By JD Alois  |  

PayPal (NASDAQ: PYPL) has announced the acquisition of buy now, pay later (BNPL) firm Paidy for $2.7 billion (¥300 billion) – mainly in cash. BNPL services have boomed in popularity as the services has emerged as an alternative to expensive credit card transactions. Paidy offers… Read More

September 8, 2021 @ 7:34 am By Omar Faridi  |  

Jeff App, the Latvian Fintech company offering a data-powered loan brokerage platform for unbanked or financially underserved consumers in Asia, has finalized a $1.5 million seed extension round, which was led by J12 Ventures. Jeff App has now secured a total of $2.5 million. Other… Read More

September 7, 2021 @ 11:57 pm By Omar Faridi  |  

We recently caught up with Haobo Ma, the CEO and Founder at blockchain platform aelf – which is powered by Cloud computing. Ma talked about his approach to cryptocurrency investments and how he got involved in the space back in 2010, which was when he… Read More

September 7, 2021 @ 10:49 pm By Omar Faridi  |  

Kita Jaga, a digital social mobile app meant for supporting individual consumers and families that may have been affected by the COVID-19 crisis, is planning to secure RM 200,000 (appr. $48,500) via a charity crowdfunding campaign to be conducted on GlobalSadaqah. GlobalSadaqah is an Islamic… Read More

September 7, 2021 @ 10:45 pm By Omar Faridi  |  

ICICI Bank, a privately-owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra, reveals that it has enabled its savings account clients to pay and manage credit cards bills at any bank by using the Bank’s mobile… Read More

September 7, 2021 @ 8:07 pm By Omar Faridi  |  

Beginning August 31, 2021, Uppsala Security‘s AML, regulatory compliance and investigation product suite will be supporting Binance Smart Chain (BSC), according to a blog post dated September 2, 2021. Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory… Read More

September 7, 2021 @ 7:48 pm By Omar Faridi  |  

Matrixport, one of the fastest-growing digital assets financial services platforms in Asia, reveals that it has introduced “BTC-U Range Sniper,” which is described as an innovative “first-mover” product, which enables traders and investors to earn greater returns when the Bitcoin price “moves within a specified… Read More

September 7, 2021 @ 7:39 pm By Omar Faridi  |  

India-based PhonePe, a leading Fintech platform that now claims 300 millions users, reveals that it has introduced PhonePe Pulse, which is an interactive website with data, insights and key trends on virtual payments. The PhonePe Pulse website reportedly features millions of transactions made by clients on… Read More

September 7, 2021 @ 10:54 am By Omar Faridi  |  

NatWest Group, National Australia Bank, Canadian Imperial Bank of Commerce, and Itaú Unibanco will reportedly be conducting the Global Open Finance Challenge, which will aim to promote innovation and the development of new services for a globally accessible, Open Finance ecosystem. The four banking institutions… Read More

September 7, 2021 @ 8:34 am By Omar Faridi  |  

Standard Chartered (LON: STAN) is partnering with Singapore-based National Trades Union Congress (NTUC) in order to establish an all-digital banking platform. Standard Chartered subsidiary SCBSL will reportedly be providing SGD 144 million for 60% of the joint initiative, with NTCU-controlled BetaPlus retaining the other 40%… Read More

September 6, 2021 @ 11:37 pm By Omar Faridi  |  

Singapore Exchange (SGX) recently revealed that they’ve created updated rules that will allow Special Purpose Acquisition Companies (SPACs) to list on its Mainboard “effective 3 September 2021.” Tan Boon Gin, CEO of Singapore Exchange Regulation (SGX RegCo), noted that SGX’s SPAC framework should give firms… Read More

September 6, 2021 @ 10:52 pm By Omar Faridi  |  

Kadence International Indonesia has shared the findings of a new research study, titled Digital Payments and Financial Services Usage and Behavior in Indonesia. The extensive report is reportedly based on an online survey of 1,000 respondents carried out in July of this year in large… Read More

September 5, 2021 @ 6:32 pm By Omar Faridi  |  

StashAway, a digital wealth management platform, has officially launched in Thailand, which marks a completely new overseas market for the Singapore-headquartered Fintech firm. StashAway, which mainly offers Robo-advisory services, has already established operations in Dubai, Hong Kong, and Malaysia. The StashAway platform, currently accessible to… Read More