Asia

October 16, 2017 @ 8:10 am By JD Alois  |  

Marvelstone Group, the company behind the world’s largest Fintech hub – LATTICE80, is getting into Artificial Intelligence (AI) in a big way. Marvelstone has announced the creation of the “world’s largest AI Hub” based in Singapore. Marvelstone, based in Singapore, is a private investment group that… Read More

October 14, 2017 @ 8:20 pm By Xu Gao  |  

Tencent Received License to Sell Insurance on WeChat and QQ This week, China Insurance Regulatory Commission (CIRC) announced that it had grant an operation license to Shenzhen Wei Min Insurance Agency Co. Ltd. Tencent owns a majority stake (57.8%) of this new insurer. Fubon Property… Read More

October 14, 2017 @ 6:58 am By JD Alois  |  

Ravi Menon, Managing Director of the  Monetary Authority of Singapore (MAS), spoke about the intrinsic potential of Blockchain or Distributed Ledger Technology (DLT) at the Global Blockchain Business Conference last week in India. Singapore is the leading Fintech hub in southeast Asia and is keen… Read More

October 13, 2017 @ 8:30 am By JD Alois  |  

One of the challenges of distributed ledger technology (DLT) is the ability to scale on a global basis.  The massive amount of financial transactions digitally roaming the world are astounding. Zilliqa, created by researchers at the National University of Singapore led by Xinshu Dong, has… Read More

October 12, 2017 @ 11:04 am By Samantha Hurst  |  

Chinese fintech company PINTEC Group announced on Wednesday the launch of its new digital wealth management technology services, PIVOT. The company revealed that PIVOT is its first venture outside of China and is in part backed by pan-Asian life insurer, FWD Group and angel investors…. Read More

October 12, 2017 @ 10:09 am By Samantha Hurst  |  

Japan-based fintech firm QUOINE announced on Thursday it has entered into a Memorandum of Understanding (MOU) with ULS Group to create the QASH Blockchain. According to QUOINE, the QASH token is based on the Ethereum blockchain for the ICO, but the company will do a token swap to utility tokens based on the… Read More

October 10, 2017 @ 2:05 pm By Samantha Hurst  |  

The State Bank of India (SBI) announced on Tuesday it has formed a partnership with Moody’s Analytics to provide bank-wide credit certification to SBI’s employees enabling them to source, appraise, and monitor loans faster. According to SBI, the initiative enhances the bank’s market-leading credit curriculum with the globally recognized expertise of Moody’s Analytics. It also… Read More

October 10, 2017 @ 2:52 am By JD Alois  |  

Fujitsu has announced an agreement with Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, to conduct a field trial of a “person-to-person money transfer service” using Blockchain technology. The trial is scheduled to commence in January 2018 and last for three… Read More

October 9, 2017 @ 1:22 pm By Samantha Hurst  |  

Citi Ventures announced on Monday it welcomed 60 university students from Hong Kong to its San Francisco office in September as part of its week-long fintech-focused entrepreneurship bootcamp at Stanford Graduate School of Business under the Cyberport University Partnership Program (CUPP). The students reportedly visited Citi… Read More

October 9, 2017 @ 9:38 am By Erin Hobey  |  

The NEM.io Foundation, creators of the P2P NEM blockchain platform, shared that ShapeShift will integrate NEM’s XEM token, aiming to provide greater liquidity options to token holders. ShapeShifts exchange plays an important role in the cryptocurrency ecosystem, and its API is used by many third… Read More

October 8, 2017 @ 5:11 am By JD Alois  |  

The Centre for Finance, Technology and Entrepreneurship (CFTE) is launching their first online Fintech course which will open to the public soon. If you are interested, you may enroll here. The course is described as “Around Fintech in Eight Hours.” The coursework starts with an overview of Fintech and introduces a… Read More

October 7, 2017 @ 10:01 am By JD Alois  |  

Taiwan appears to be taking a different approach than its neighbor China when it comes to distributed ledger technology and cryptocurrency. In a report from the Newslens, the Financial Supervisory Commission (FSC) Chairman Wellington Koo told a joint meeting of Parliament and the cabinet that… Read More

October 5, 2017 @ 9:15 am By JD Alois  |  

Blockchain or Distributed Ledger Technology (DLT) is pretty much accepted as the future of banking. A bigger question is whether or not banks will continue to exist, at least in present form.  Banks that embrace change and innovation stand a better chance to evolve and… Read More

October 4, 2017 @ 7:56 pm By JD Alois  |  

The Reserve Bank of India (RBI) is out with “Master Directions” regarding non-banking financial companies or peer to peer lenders. RBI indicated last month P2P lenders would not be considered banks. The governmental directive is officially known as the “Non-Banking Financial Company – Peer to… Read More

October 4, 2017 @ 9:26 am By Samantha Hurst  |  

Japan-based fintech firm QUOINE announced on Wednesday the launch of its global Initial Coin Offering (ICO) to build a global crypto economy liquidy platform. This news comes just a few months after the company launched its full digital cryptocurrency exchange and trade platform. Speaking about the ICO, Mike… Read More

October 3, 2017 @ 10:22 pm By JD Alois  |  

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), along with Infocomm Media Development Authority (IMDA), have successfully completed a proof-of-concept for a Know Your Customer (KYC) blockchain. OCBC Bank is the longest established bank in Singapore formed in 1932 from the merger of three… Read More

October 3, 2017 @ 8:57 am By Erin Hobey  |  

Robo.cash, an automated P2P lending platform that includes a buyback guarantee, recently celebrated its own steady growth during 2017 Q2, noting that its total amount of investments now exceeds €1.8 million. In addition, nearly €400,000 in loans were added in August alone, while the  average invested… Read More

September 30, 2017 @ 2:00 am By Xu Gao  |  

CreditEase Fintech Investment Fund is Making a New Investment. Guess Who the Fund is Interested in?  Last week (September 18th -24th), CreditEase Fintech Investment Fund, a venture committed to investing growth-stage Fintech startups in China and globally, announced a new round of investment to three… Read More

September 29, 2017 @ 12:02 pm By Samantha Hurst  |  

Singapore’s and Southeast Asia’s SME crowdfunding platform Funding Societies announced on Friday it was named the first southeast Asia company to win the Global SME Excellence Award from United Nations’ ITU Telecom, which was held this year in Busan, South Korea. This news comes just days after… Read More

September 29, 2017 @ 10:07 am By JD Alois  |  

InvestHK is out with a laudatory statement regarding the Hong Kong Monetary Authority’s decision to “upgrade” its FIntech Supervisory Sandbox with new features.  FinTech Sandboxes have also been announced by the Securities and Futures Commission (SFC) and the Insurance Authority. These actions mean that pretty… Read More