Asia

November 12, 2019 @ 7:16 pm By JD Alois  |  

The recently-rebranded NIUM, formerly InstaReM, has received the Fund Transfers license from the Bank Indonesia and will now offer cross border digital payments. NIUM’s Indonesian operations will be headed by Vadyo Munaan, who comes with experience in financial services and payments industry at organizations including… Read More

November 12, 2019 @ 2:32 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS), the leading financial regulator and central bank of Singapore, has announced renewed cooperation on Fintech with Canadian Securities Regulators while simultaneously announcing a tighter relationship with the Banque de France. The announcements were released during Singapore’s annual Fintech Week… Read More

November 12, 2019 @ 10:31 am By Omar Faridi  |  

Open Financial Technologies Pvt Ltd, Asia’s first neobank for small and medium enterprises (SMEs) and startups, and MEDICI Global Inc, a Fintech research and innovation advisory company, have unveiled an extensive report on Banking-as-a-Service (BaaS) at the Singapore FinTech Festival. According to a release, the… Read More

November 12, 2019 @ 9:00 am By JD Alois  |  

Everybody knows that a good amount of cryptocurrency trading is utterly fake. Wash trades are prevalent as some exchanges seek to game the system and boost their relative relevance in the digital asset exchange world. Manipulation of various cryptocurrencies probably exists as well. CoinMarketCap, a… Read More

November 11, 2019 @ 10:29 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) has partnered with Deloitte and S&P Global Market Intelligence to develop a prototype platform for a Fintech Research Platform to help pair Fintech startups with investors and financial institutions. The goal of the platforms is to help fintechs partner… Read More

November 11, 2019 @ 9:57 pm By Omar Faridi  |  

The central bank of Singapore is preparing to extend additional funding for Fintech-related projects, because the five-year investment round ending in March has led to positive developments. The Monetary Authority of Singapore (MAS) will most likely announce additional funding plans in 2020, with key investments… Read More

November 11, 2019 @ 4:21 pm By JD Alois  |  

Alipay, part of Ant Financial / Alibaba, just had a gangbusters day as all of the transactions for Singles Day were processed through the payment platform. More than five years ago, Alipay topped PayPal to become the world leader in mobile payments – something that… Read More

November 11, 2019 @ 3:20 pm By Omar Faridi  |  

Singapore-based Fintech firm M-DAQ Pte, a company that develops over-the-top (OTT) applications to enable international business transactions for various industries, has reportedly won the backing of Samsung Group’s VC fund in order to expand its operations into South Korea and other regions. Following Samsung’s investment… Read More

November 11, 2019 @ 3:10 pm By JD Alois  |  

Alibaba’s annual Singles Day has turned into a huge event in China. Headlines today indicate that singles day has delivered a record-setting amount of transactions as sales top a whopping $38 billion. According to Alibaba, $1 billion was settled via Alibaba’s Fintech platform Alipay within… Read More

November 11, 2019 @ 1:05 pm By Omar Faridi  |  

Wirex, a borderless payment platform, announced on November 11 that it will be introducing a new Visa Travelcard at the Singapore Fintech Festival. According to a release shared with Crowdfund Insider: “The multi-currency travel card will empower customers across the APAC region to seamlessly spend… Read More

November 11, 2019 @ 12:44 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is partnering with JP Morgan Chase (NYSE:JPM) and Temasek on a blockchain-based payments platform that is capable of handling different currencies. JP Morgan has previously announced the development of an in-house crypto labeled JPM Coin. The eventual goal is… Read More

November 11, 2019 @ 11:54 am By Omar Faridi  |  

Giant payments processor Mastercard will be revealing its new experience center at the Singapore Fintech Festival, an event where clients and their partners to discuss business ideas, potential opportunities for working cooperatively to develop new products and for present innovative technology solutions. The Mastercard Experience… Read More

November 10, 2019 @ 11:08 pm By Samantha Hurst  |  

Rapyd, a global Fintech-as-a-service provider, announced last week the launch of its new Singapore platform to enable businesses to go cashless. Rapyd claims that the platform will bring greater convenience to local consumers and businesses, by enabling consumers and businesses to easily make payments electronically,… Read More

November 10, 2019 @ 9:44 pm By Samantha Hurst  |  

Singapore-based Pundi X announced this weekend it has signed a Memorandum of Understanding (MoU) with artificial intelligence firm Borghese Ventures to explore the implementation of blockchain technology for private and public sectors based in Cyprus. Pundi X reported that with the MoU it and Borghese Ventures will… Read More

November 10, 2019 @ 4:34 pm By JD Alois  |  

Propine, described as a comprehensive securities services provider for digital securities, has been accepted into the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox.  Singapore is a prominent Fintech hub and has pushed forward on the emerging digital security sector powered by distributed ledger technology. … Read More

November 9, 2019 @ 5:05 pm By Omar Faridi  |  

Singapore has been ranked number one in Asia and eighth worldwide when it comes to innovation and embracing the latest technologies. Singapore is also recognized as one of the world leaders in key sectors including Fintech,  engineering, manufacturing, healthcare, biomedical sciences, urban solutions and sustainability,… Read More

November 9, 2019 @ 5:00 pm By Xu Gao  |  

Alipay and WeChat Pay Open to International Visitors Previously, international tourists visiting China cannot enjoy the convenience of local mobile payment (Alipay & WeChat Pay) services if he/she did not have a Chinese mobile number and bank account. This changed this week. On November 7th,… Read More

November 9, 2019 @ 2:46 pm By Omar Faridi  |  

Chinese tech giant Tencent is reportedly preparing to launch a blockchain-enabled virtual bank, after the company obtained a license from the Hong Kong Monetary Authority (HKMA). Previously, Crowdfund Insider has reported that 8 virtual bank licenses have been issued with the most recent (4) being announced… Read More

November 9, 2019 @ 10:09 am By Omar Faridi  |  

Malaysia is reportedly planning to impose a $6,000 limit on cash transactions next year, according to the deputy governor of the nation’s central bank. The restrictions on cash payments is being placed in order to reduce the number of illicit financial activities. The limit on… Read More

November 9, 2019 @ 3:08 am By JD Alois  |  

DEXTF, or “Decentralized Traded Funds,” a Singapore-based startup has raised USD $460,000 in an oversubscribed seed funding round led by LuneX Ventures and SGInnovate, according to a release. The partners at London-based hedge fund CDAM also participated in the funding round along with other undisclosed… Read More