Asia

October 24, 2019 @ 7:32 am By JD Alois  |  

UK based digital bank Revolut has launched in Fintech-friendly Singapore, according to a company release. In 2018, Revolut set up an Asia-Pacific hub in Singapore, where the Fintech now employs twenty people. Revolut says it is planning to triple its headcount in Singapore in the… Read More

October 24, 2019 @ 1:58 am By Cali Haan  |  

Tokyo-based firm Lead Real Estate has announced plans to, “develop condominiums and hotels in Tokyo’s popular areas such as Ginza, Shinjuku, Shibuya, Ebisu, Shinagawa, and Meguro by using funds raised through issuing security tokens (STOs).” The firm believes a combination of factors, including local RE investing… Read More

October 23, 2019 @ 5:14 pm By JD Alois  |  

Global Payments platform PayPal (NASDAQ:PYPL) beat on earnings today and shares in the company responded after hours jumping by over 8%. Revenue for Q3 increased by 19% to $4.38 billion as users increased by 7% during the quarter adding 9.8 million users. In total, PayPal… Read More

October 23, 2019 @ 12:36 pm By JD Alois  |  

Global investment crowdfunding platform and Israel’s leading venture investor OurCrowd has partnered with the Toyota Tsusho Corporation (Toyota Tsusho), a member of the Toyota Group, which comprises of 17 companies including Toyota Motor. The new partnership will launch a new business that will act as… Read More

October 23, 2019 @ 2:48 am By Omar Faridi  |  

Singapore is the world’s most prepared city for adopting innovative technologies such as artificial intelligence (AI) and it’s also considered a world leader in terms of smart city development, according to recent studies. Research performed by Oliver Wyman Forum ranked 105 cities throughout the world… Read More

October 21, 2019 @ 11:29 pm By JD Alois  |  

Bitcoin.com has acquired O3 Labs, according to a release. O2 is a Tokyo-based software company that “specializes in developing gateways to the digital economy.” O3 will be absorbed into Bitcoin.com, forming a single team dedicated to creating tools for the Bitcoin Cash network. Stefan Rust,… Read More

October 20, 2019 @ 7:30 pm By Omar Faridi  |  

Findora, a confidential and compliant network protocol that allows users to securely transfer financial assets, recently appointed Joon Bhang as the company’s head of North Asia operations.  Bhang will be responsible for developing relationships with large financial institutions, corporations, and government agencies as Findora continue… Read More

October 20, 2019 @ 3:04 pm By Omar Faridi  |  

The Singapore division of CIMB Bank Berhad carried out a structured trade finance transaction on a blockchain-based and internet of things (IoT) platform, developed by iTrust. The transaction reportedly involved the financing of Chinese imported dairy products and may generate yearly transaction flows of approximately… Read More

October 19, 2019 @ 7:00 pm By Xu Gao  |  

The 2019 Global Fintech Venture Competition Launched in Beijing On October 12th, the “2019 Global Fintech Venture Competition” (hereinafter referred to as “the Venture Competition”) was officially launched at the WDK Fintech Exchange Center in Beijing. The Venture Competition is a high-level fintech competition initiated… Read More

October 19, 2019 @ 12:17 am By Omar Faridi  |  

Paytm, India’s largest mobile payments company, is planning to raise $2 billion from investors including Alibaba’s Ant Financial and Softbank in order to compete with other giant retailers such as Amazon and Walmart, according to sources familiar with the matter As reported by the Financial… Read More

October 18, 2019 @ 11:46 am By Omar Faridi  |  

United Arab Emirates (UAE)-based real estate firm Emaar Properties has launched a new blockchain token-based referral and loyalty platform. Emaar, the developer of Burj Khalifa, the world’s tallest building, and the Dubai Mall, intends to use the EMR token to reward its customers, according to… Read More

October 18, 2019 @ 10:29 am By Cali Haan  |  

Coindesk is reporting that Terry Gou, who founded electronics manufacturing giant Foxconn in 1976, told attendees at Taiwan’s technology association AGM in Taipei October 3rd that he thinks the country should welcome Facebook’s Libra with open arms. “I know (Facebook CEO Mark) Zuckerberg pretty well, and… Read More

October 17, 2019 @ 10:56 am By Cali Haan  |  

Seamico Securities, which has been awaiting the green light to fire up an ICO portal called SE Digital inThailand, says it has been informed by the Thai Securities and Exchange Commission that it may, “initiate its business.” As per a letter hosted on the Seamico… Read More

October 16, 2019 @ 12:49 pm By Samantha Hurst  |  

Emolize Co., Ltd, a Korean cross-border mobile payment platform, announced on Wednesday it has expanded its global payment services through its mobile app, Payvil, to Hong Kong and Thailand in September 2019, with further expansion reaching about 16 countries by the end of 2019. The… Read More

October 16, 2019 @ 10:31 am By Omar Faridi  |  

Southeast Asia’s internet and e-commerce economy is growing steadily due to the widespread use of mobile phones. The region’s middle class has also been growing, according to a recent report compiled by Google, Temasek and Bain & Company. Published earlier this month, the e-Conomy SEA… Read More

October 16, 2019 @ 9:04 am By Omar Faridi  |  

Investment in Fintech-related projects in Singapore increased significantly during the first nine months of this year. It was mainly led by fundraising rounds for payment companies and insurtech startups with a shift toward mature firms. As of October 2019, the combined value of Fintech deals… Read More

October 13, 2019 @ 6:03 pm By JD Alois  |  

Bank startup Juno has issued a release reporting $3 million in seed funding from some prominent names. The digital banks says it has received the backing of Sequoia, Polychain and Dragonfly. Juno was founded in July 2019 by Varun Deshpande, Ratnesh Ray, and Siddharth Verma… Read More

October 12, 2019 @ 7:11 pm By Xu Gao  |  

Chinese Banks May Stop Cooperation with Third-Party Data Provider Following Release of a New Privacy Regulation According to reports, People’s Bank of China (PBC) has issued the “Personal Financial Information (Data) Protection Measures (Draft)” to some Chinese banks this week. It is believed that the… Read More

October 12, 2019 @ 9:05 am By Omar Faridi  |  

China Construction Bank (CCB), one of the nation’s largest financial institutions, has reportedly added new features to its blockchain-based finance platform. According to local news outlet Xinhuanet, CCB’s distributed ledger technology (DLT)-enabled finance platform can now process cross-chain and inter-bank transactions. Trading volume on the… Read More

October 11, 2019 @ 2:00 am By Cali Haan  |  

The Bank for International Settlements (BIS), popularly known as the “central bank of central banks,” will be engaging in two projects at the BIS’s newly-established Innovation Hub in Switzerland, one of which involves, “examin(ing) the integration of digital central bank money into a distributed ledger technology… Read More