Asia

August 23, 2018 @ 4:12 pm By JD Alois  |  

Carats.io, a Fintech based in Israel that is building a financial market for diamonds, has partnered wit KELA – a jewelry / diamond retailer operating across Asia. KELA is said to be the largest online diamond retailer in China and has 300 stores across the… Read More

August 23, 2018 @ 3:43 pm By JD Alois  |  

Remitly, the largest private digital remittance Fintech HQed in the US, has boosted its money transfer service to India. The update moves its daily sending limit to $30,000 on money sent to India from the United States. Remittance payments around the world have become a… Read More

August 23, 2018 @ 11:42 am By Cali Haan  |  

A total ban on ICOs, cryptocurrencies and related exchanges enacted in China last September has hit the ground twice in the past two weeks, The South China Morning Post reports. Chinese government censors shut down at least 8 crypto-focused media accounts on Chinese social media site… Read More

August 23, 2018 @ 9:33 am By JD Alois  |  

Singapore based Aly Pte. Ltd., a Fintech that has launched an international stock tracking app Spiking, says that Seed and Pre A round founding now totals S$2.23 million after receiving an additional S$1.2 million. Spiking is moving beyond more traditional assets by adding digital assets covered in… Read More

August 22, 2018 @ 7:14 am By JD Alois  |  

Huobi Group has launched a new services that is said to provide a more transparent listing process to issuers. The Huobi Automated Listing Platform is not 100% automated as their are checks in place but the feature is designed to streamline the digital asset listing… Read More

August 21, 2018 @ 4:19 pm By Samantha Hurst  |  

Thomas Reuters announced on Monday it is joining forces with the Singapore FinTech Association (SFA) to figure against financial crimes. Thomas Reuters revealed it will be collaborating with the SFA on various projects and initiatives contributing to the development of the fintech industry in Singapore. The partnership will also… Read More

August 21, 2018 @ 10:45 am By JD Alois  |  

SharesPost has announced that OKEx, a Hong Kong based digital assets exchange, is joining their Global Liquidity and Settlement System (GLASS). SharesPost received approval to operate as an Alternative Trading System (ATS) earlier this year – a necessary move to trade in securities in a… Read More

August 21, 2018 @ 12:28 am By Cali Haan  |  

A substantial sting operation in northeastern China has netted 3 suspects accused of robbing 100 million yuan (about $15 million USD) in crypto from an individual’s computer. According to the Xinhua News Agency, on March 30th, 2018, a complainant contacted the X’ian police station alleging… Read More

August 20, 2018 @ 11:08 pm By Cali Haan  |  

The man accused of leading the Bitconnect cryptocurrency pyramid scheme in India was arrested this weekend at an airport in New Delhi, Financial Express reports. Divyesh Darji was en route to Ahmenabad, the capital of the Indian state of Gujarat, from Dubai, where he had… Read More

August 20, 2018 @ 1:44 pm By Samantha Hurst  |  

On Monday, organizers of the music festival, Ultra Taiwan 2018, announced they have teamed up with Pundi X to allow the upcoming event to use blockchain for onsite transactions. According to the organizers, the exclusive partnership between  Pundi X and the Ultra Taiwan Festival will see over… Read More

August 20, 2018 @ 12:50 pm By Samantha Hurst  |  

On Monday, Korean blockchain project BOScoin announced it has entered into a Memorandum of Understanding (MoU) with Korea Cashback, Inc. The duo has teamed up to create a global travel platform, tentatively named Woti. BOScoin reported it is planning to introduce the distributed-network-based Human Identity… Read More

August 20, 2018 @ 8:12 am By Samantha Hurst  |  

Digital payment platform Alipay announced on Monday the launch of its paperless tax refund service in South Korea. The firm reported that it teamed up with Global Tax Free (GTF) for the new service, which notably enables Chinese tourists to apply for and claims tax rebates on their mobile phone… Read More

August 19, 2018 @ 7:00 pm By JD Alois  |  

Temasek Holdings, an investment fund owned by the government of Singapore (Singapore Minister for Finance is the sole shareholder), is exiting traditional finance to focus on Fintech. This is according to a report in the Straits Times that said Temasek has sold of its holdings… Read More

August 18, 2018 @ 9:56 pm By Samantha Hurst  |  

The Cambodia Fintech Association (CFA) announced its official launch on Wednesday. The organization revealed it is focused on the country’s fintech community, which are fintech startups, accelerators and VCs. According to its website, the CFA is on a mission to become the national, not-for-profit organization… Read More

August 18, 2018 @ 10:41 am By Xu Gao  |  

Ant Fortune Announces the Launch of One-Stop Pension Service with First Batch of 14 Pension Funds On August 14, Ant Fortune announced that it will launch a series of pension products and services based on open + AI technology. In the future, users could get… Read More

August 17, 2018 @ 1:45 pm By Samantha Hurst  |  

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced earlier this week the launch of its new share repurchase program, which allows the lender to authorized the repurchase of its ordinary shares in the form of American depositary shares with an aggregate… Read More

August 16, 2018 @ 9:00 am By JD Alois  |  

Huobi Group, one of the largest crypto exchanges, has hooked up with corporate partners to aid in launching four independent exchanges. By leveraging Huobi Cloud, these partners are expected to set up exchanges in Canada, Indonesia, the Philippines and Russia. These marketplaces are said to… Read More

August 15, 2018 @ 8:37 am By Samantha Hurst  |  

Singapore-based cryptocurrency services platform Ethos announced it now integrating with Simplex, a global instant fiat purchase service enabling bitcoin and altcoin purchases with credit and debit cards. The integration will be through the Ethos Universal Wallet, which provides a secure, self-custodied mobile wallet that puts… Read More

August 14, 2018 @ 11:26 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Hexindai (NASDAQ:HX) announced on Tuesday it has entered into definitive agreements to acquire a 20% equity stake in Musketeer Group Inc., an Indonesian online lending platform that offers consumption installment loans, for approximately $1.6 million, and simultaneously completed the acquisition.  As… Read More

August 14, 2018 @ 10:30 am By Samantha Hurst  |  

Chinese insurtech ZhongAn Online P & C Insurance Co., Ltd. recently announced its wholly-owned subsidiary ZhongAn Technology has launched its Software-as-a-Service (SaaS) platform, ZhongAn Technology Intelligent Open Platform for Insurers, with AXA Tianping, a foreign property and casualty insurance company. According to ZhongAn,  the new platform… Read More