Asia

August 31, 2017 @ 4:45 pm By Samantha Hurst  |  

On Thursday, Hong Kong-based payments and cryptocurrency platform Monaco announced the launch of its new mobile app, which gives users a simplified way to buy, spend, and earn cryptocurrency cashback on all transactions. While sharing details about the app, Kris Marszalek, co-founder and CEO of Monaco, stated: “We… Read More

August 31, 2017 @ 8:43 am By JD Alois  |  

The FinLab, based in Singapore, has announced the graduation of eight Fintech startups from its 100-day accelerator program. The FinLab is an innovation accelerator joint venture between United Overseas Bank (UOB) and SGInnovate. The program provides practical guidance, resources and mentorship to enable startups  that… Read More

August 30, 2017 @ 11:17 am By Samantha Hurst  |  

On Wednesday, Dianrong announced it has teamed up with FinEX Asia to launch what it claims to be Asia’s first fintech asset management platform. According to the duo, FinEX Asia combines its risk management expertise with Dianrong’s fintech capabilities to give Asian investors access to a diverse… Read More

August 29, 2017 @ 2:51 pm By Erin Hobey  |  

Blockchain platform TenX has become the latest member of the Enterprise Ethereum Alliance – the world’s largest open-source blockchain initiative. The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Building upon the leading smart contract supporting blockchain… Read More

August 29, 2017 @ 2:36 pm By JD Alois  |  

In a local announcement, Apple added WeChat Pay, part of Tencent, for payments in its App store and online music. WeChat is a social network similar to Twitter that has evolved into providing additional services. Apple already accepts Alipay, part of Alibaba, for payments on… Read More

August 29, 2017 @ 9:17 am By JD Alois  |  

  The Singapore Payments Council has created a task force to develop a common QR Code for the country. This is part of a broader initiative of establishing interoperable electronic payments. Singapore is keen to facilitate digital transactions. Council members advocated the use of QR… Read More

August 29, 2017 @ 9:00 am By Erin Hobey  |  

Agency 2.0, a leading LA-based crowdfunding marketing agency and Platform88, a Shanghai-based distribution, engineering, manufacturing and prototyping company announced a new strategic partnership to deliver end-to-end crowdfunding services to clients across the globe. This collaboration will enable clients access to a broad portfolio of solutions… Read More

August 28, 2017 @ 2:31 pm By Xu Gao  |  

CBRC Issues Official Information Disclosures Guidelines for P2P Lending Platforms On August 25th, the China Banking Regulatory Commission (CBRC) officially unveiled the final version of Guidelines on Online Lending Information Disclosure Requirement. The document was released based on a pilot tighter information disclosure initiative announced… Read More

August 28, 2017 @ 9:05 am By JD Alois  |  

The Dubai Financial Services Authority (DFSA) and the Securities and Futures Commission (SFC) in Hong Kong have signed an agreement to cooperate on Fintech innovation. The two public entities said the agreement will further strengthen the efforts of both authorities to develop an innovations-friendly ecosystem… Read More

August 28, 2017 @ 8:40 am By Samantha Hurst  |  

LATTICE80, a fintech hub owned and operated by Singapore-based private investment firm Marvelstone Group, announced on Monday it is set to open a fintech hub in London as part of its global expansion. The organization revealed that as of August 2017, its UK entity has… Read More

August 25, 2017 @ 11:41 am By JD Alois  |  

KyberNetwork may be poised for a strong showing in their forthcoming Initial Coin Offering (ICO). According to a report from the company, KyberNetwork has received over 50,000 applications for their “ICO whitelist” in advance of the investment offer. It is interesting to note that KyberNetwork… Read More

August 25, 2017 @ 9:47 am By JD Alois  |  

Multiple government agencies in Singapore have come together in a Request for Information (RFI) on electronic payments. The initiative is part of a national drive towards fostering an electronic payment society in Singapore. The National Environment Agency (NEA), Housing & Development Board (HDB), Monetary Authority… Read More

August 24, 2017 @ 10:52 am By JD Alois  |  

The Future of Banking is Blockchain and Hero Wants to be the One Hero, part of the PawnHero online lending platform, is preparing an Initial Coin Offering (ICO). You may read the white paper in English here.  PawnHero is an already successful secured lending platform… Read More

August 24, 2017 @ 6:35 am By JD Alois  |  

  LATTICE80, a Singapore based non profit Fintech hub backed by Marvelstone Group, has signed a Memorandum of Understanding (MOU) with FINOLAB in Japan to mutually boost their Fintech ecosystems and global networks. Marvelstone is a global VC group based in Singapore. LATTICE80 is said… Read More

August 22, 2017 @ 4:47 pm By Samantha Hurst  |  

PawnHero, Southeast Asia’s first online pawn shop, has reportedly formed a partnership with the fintech arm of PLDT, FINTQ. This news comes just after the platform announced it secured $9.7 million through a financing deal with a Philippine investment bank. According to DealStreetAsia, FINTQ runs… Read More

August 20, 2017 @ 10:24 am By JD Alois  |  

Singapore based KyberNetwork, a decentralized exchange for the instant trading of any cryptocurrency, informs us they will be closing their Initial Coin Offering (ICO) whitelist registration three days earlier than planned, “due to a massive number of registrations.” The KyberNetwork public token sale is scheduled… Read More

August 19, 2017 @ 8:18 am By Xu Gao  |  

Alibaba’s Yuebao Reduces Credit Limit for Personal Balance to RMB 100,000 Alibaba’s Yuebao is now the nation’s largest money market fund with assets hitting RMB 1.43 trillion (US$210.18 billion) as of the end of July, up sharply from the end of last year. On August… Read More

August 18, 2017 @ 1:00 pm By Samantha Hurst  |  

Kickstarter announced this week that it will be launching in Japan next month Plans for the crowdfunding giant to make its Japanese debut were revealed earlier this year. According to The Verge, Japanese creators will be able to use the funding portal to attract backers… Read More

August 17, 2017 @ 11:17 pm By JD Alois  |  

Singapore has worked hard to gain, and retain, the crown of Asian Fintech Hub and you can guarantee it won’t give it up without a fight. There are several countries that are in the race. Recently both Australia and Hong Kong have staked a claim… Read More

August 16, 2017 @ 8:44 am By JD Alois  |  

This is interesting. Nesta, the UK based non-profit foundation that focuses on innovation, believes the UK should work towards creating a cross border equity crowdfunding alliance with China. The UK has been the clear leader in online capital formation since the early days. While the… Read More