Asia

November 15, 2018 @ 8:09 am By Samantha Hurst  |  

Pundi X (CURRENCY: NPXS), a global developer of blockchain-powered devices, announced on Thursday it has moved its global headquarters from Indonesia to Singapore. The company reported that it was expanding its international operations to Singapore in recognition of the country’s encouraging stance towards blockchain technology and rising… Read More

November 15, 2018 @ 1:45 am By Cali Haan  |  

“Change is the only constant,” began IMF Managing Director Christine Lagarde as she addressed a crowd at the Singapore Fintech Festival earlier today (November 14th). “A new wind is blowing, that of digitalization. In this new world, we meet anywhere, any time…A world in which… Read More

November 14, 2018 @ 2:58 pm By Samantha Hurst  |  

On Wednesday, The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 12 FinTech companies a total of S$1.2 million at the FinTech Awards, which took place at the third Singapore FinTech Festival. The FinTech Awards, which is supported by PwC, recognizes innovative fintech… Read More

November 14, 2018 @ 10:30 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has proposed an expedited process for aspiring Fintechs participating in their regulatory Sandbox. First launched in 2016, the Singapore Fintech Sandbox seeks to foster a mutually beneficial relationship between innovator and regulator.  In an industry with profound compliance requirements, the regulator is exposed to entrepreneurs seeking to… Read More

November 14, 2018 @ 9:56 am By Cali Haan  |  

Power outages in the Guizhou and Xinjiang regions of China have reportedly triggered “strict” inspections at local cryptocurrency mines, Cong Express reports. Mine owners say their facilities have been closed since November 5th, when a process of “rectification” was initiated by local authorities. Xinjiang is… Read More

November 14, 2018 @ 6:05 am By JD Alois  |  

HBUS , the strategic partner of crypto platform Huobi, has announced Jay Ryu as VP of Corporate Development. Prior to joining HBUS, Ryu was Venture Capital Director at Draper Athena, where he led tech investments while working closely with portfolio companies on operational and strategic initiatives. Huobi… Read More

November 13, 2018 @ 9:31 pm By JD Alois  |  

A report published a few days backed, addressed the question of which country is tops when it comes to Fintech innovation. For some time now, Singapore and the UK have both aspired to sit on the Fintech throne each providing unique characteristics to their entrepreneurial… Read More

November 13, 2018 @ 8:41 pm By Cali Haan  |  

A fake halal cryptocurrency pyramid scheme targeting Muslim investors in India has fallen apart in the Bitcoin bear market, in part due to scrutiny from regulators, Deccan Chronicle (DC) reports. Father-and-son team Syed Fareed and Syed Afaq Ahmed reportedly tapped a network of “ulemas” (Muslim… Read More

November 13, 2018 @ 3:06 pm By Cali Haan  |  

An increasingly “techno-savvy” ruling elite in North Korea is using a “full range” of computerized devices and tactics, including the issuing of fraudulent ICOs (initial coin offerings), to evade global sanctions and, “…generate revenue for the Kim regime,” Insikt Group reports. Insikt’s cybersecurity researchers have… Read More

November 13, 2018 @ 9:44 am By JD Alois  |  

UK based Innovate Finance and the Singapore Fintech Association have signed a memorandum of understanding (MOU) to “cement cooperation and greater collaboration between the UK and Singapore Fintech markets.” The agreement was announced during the annual Singapore Fintech Festival. As the UK government already partners… Read More

November 13, 2018 @ 9:13 am By Samantha Hurst  |  

The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS) announced on Tuesday they have signed a Memorandum of Understanding (MOU) to strengthen cooperation between the two countries in fintech. According to the two organization, the MOU will support the sharing of information… Read More

November 13, 2018 @ 8:19 am By JD Alois  |  

The Monetary Authority of Singapore has announced a $5 billion program where the money is placed with private equity and infrastructure fund managers. The announcement was made during the weeklong Singapore Fintech Festival – an event that attracts tens of thousands of attendees each year…. Read More

November 13, 2018 @ 8:06 am By JD Alois  |  

Today, the Monetary  Authority of Singapore (MAS) has announced the winners of their annual Global Fintech Hackcelerator which takes place during the Singapore Fintech Festival each year. Three winners have been selected from a group of 20 finalists. KPMG assisted in the competition. “The Global… Read More

November 12, 2018 @ 11:23 pm By JD Alois  |  

The Thailand Securities and Exchange Commission (SEC) is expected to approve the first initial coin offering (ICO) portal at some point this month, according to a report in the Bangkok Post. The approval follows a royal decree from last May that stipulated that the Thai… Read More

November 12, 2018 @ 3:26 pm By JD Alois  |  

GTR Ventures, a global trade and supply chain investor, has inked three new deals with Fintech firms: Lucidity, iLoan and RM-Tech. According to GTR, these investments represent a pivot towards markets in China and South Asia. The investments were announced on the first day of… Read More

November 12, 2018 @ 10:31 am By Cali Haan  |  

The Korean cryptocurrency exchange Zeniex is shutting down and has “abolished” it’s cryptocurrency fund and related token, ZXG. According to a November 9th notice from the company: “(A)ll services of Zeniex will be terminated on November 23, 2018.” The exchange launched in May 2018 with the reported backing of Chinese internet… Read More

November 12, 2018 @ 10:15 am By Samantha Hurst  |  

Marvelstone Group, a Singapore-based private investment company, announced on Monday it has signed an MOU with A*ccelerate to incubate artificial intelligence (AI) startups in Singapore. The company reported that the partnership aims to collaborate on developing a global AI Hub as a community for innovative companies, including… Read More

November 12, 2018 @ 8:04 am By JD Alois  |  

Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS) helped to kick off the annual Singapore Fintech Festival today with a wide-ranging speech on the benefits of financial innovation. Singapore has become a hub in southeast Asia for Fintech development. The Festival attracts thousands… Read More

November 12, 2018 @ 8:03 am By Samantha Hurst  |  

Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Monday it has formed a new partnership with Beijing Evercare, a company that provides medical aesthetic treatments and health management service. Pintec reported that it will provide Beijing Evercare with an efficient and customized installment payment solution, enabling… Read More

November 11, 2018 @ 11:52 am By JD Alois  |  

Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) have announced a successful blockchain pilot of “Payment (DvP) capabilities for the settlement of tokenized assets across different blockchain platforms.” The two entities have a goal of simplifying back-office operations, post-trade processes while shortening trade settlement… Read More