Asia

July 6, 2017 @ 6:49 am By Cole Lyons  |  

The Monetary Authority of Singapore (MAS) and has announced they have entered a Fintech agreement with the Danish Financial Supervisory Authority (Danish FSA). This new collaboration will allow companies in both Singapore and Denmark to expand into each other’s markets more fluidly. Over the past couple… Read More

July 6, 2017 @ 3:27 am By Erin Hobey  |  

Vivriti Capital has launched in India, aiming to provide a financial services marketplace that will provide a comprehensive range of offerings across the lifecycle of customers that lack access to efficient finance. Vivriti Capital offers loans, receivables finance, working capital, structured debt and capital market instruments, seeking to transform the fragmented… Read More

July 5, 2017 @ 1:26 pm By JD Alois  |  

A Discussion with Charles d’Haussy, Head of Fintech, InvestHK. Hong Kong has been a definitive leader in global finance and trade for many decades. Yet when it comes to Fintech, embracing financial innovation has been slower than some other centers of alternative finance. But recently Hong… Read More

July 4, 2017 @ 9:25 am By JD Alois  |  

Singapore-based InstaReM, a digital cross-border payments company, is reporting it has just received a USD $13 million investment led by GSR Ventures, with participation from SBI-FMO Ventures, Vertex Ventures, Fullerton Financial Holdings (FFH), and Global Founders Capital (GFC). InstaReM said it intends to use the funding… Read More

July 3, 2017 @ 3:51 pm By Samantha Hurst  |  

KPMG, in collaboration with the Monetary Authority of Singapore (MAS), is set to sponsor the 2017 Global FinTech Hackcelerator program as part of the annual Singapore FinTech Festival which will take place from November 13-17th. The organizers of the program revealed: “The Global FinTech Hackcelerator is looking… Read More

July 3, 2017 @ 7:42 am By JD Alois  |  

Singapore based investment crowdfunding platform Fundnel has announced the expansion of its services into Australia. Fundnel is a private investment platform that offers unlisted securities in growth and pre-IPO stage companies to both institutional and individual investors. Fundnel screens all investment opportunities to ensure businesses… Read More

July 3, 2017 @ 6:59 am By Erin Hobey  |  

The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for… Read More

July 1, 2017 @ 12:41 pm By Samantha Hurst  |  

Securities Commission Malaysia (SC) announced on Thursday it entered into an Innovation Cooperation Agreement with the Australian Securities and Investments Commission (ASIC) to further promote innovation in fintech services in their markets.  SC Chairman Tan Sri Ranjit Ajit Singh notably signed the agreement with the ASIC… Read More

June 30, 2017 @ 12:15 pm By Samantha Hurst  |  

On Thursday, the Monetary Authority of Singapore (MAS) announced it signed a fintech co-operation agreement with the Danish Financial Supervisory Authority (Danish FSA) to help fintech companies in Singapore and Denmark to expand into each other’s markets. The agreement was signed at the Money 20/20 European… Read More

June 28, 2017 @ 7:30 pm By Cole Lyons  |  

The Bahrain Economic Development Board (EDB), Singapore Fintech Consortium (SFC), and the Dubai-asset management firm Trucial Investment Partners have partnered to create a new FinTech environment. This new agreement is a part of a wider partnership aiming to make Bahrain the region’s Fintech powerhouse. Khalid Al Rumaihi,… Read More

June 28, 2017 @ 5:42 am By JD Alois  |  

Yesterday there was a well attended event in Hong Kong to announce the launch of the FinTech Association of Hong Kong (FTAHK). The FTAHK is an independent, not-for-profit, member-driven organisation that is now the voice of the Fintech community in Hong Kong. Members range from Fintech… Read More

June 27, 2017 @ 3:42 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Tuesday it has extended its AML/KYC identity verification global footprint into Thailand. This news comes just a few months after the company expanded its solution into Korea. According to Trulioo, the extended coverage will also help… Read More

June 27, 2017 @ 5:39 am By JD Alois  |  

DCM Ventures, a global VC firm with offices in Silicon Valley, China and Japan, has taken a stake in Chinese crowdfunding platform Duocaitou, according to a report in ChinaMoneyNetwork. DCM led the $10 million Series A round in the platform that focuses on real estate… Read More

June 27, 2017 @ 4:19 am By JD Alois  |  

OurCrowd, a leading equity crowdfunding platform, has signed a strategic collaboration agreement with LetsVenture, India’s largest marketplace for startup funding. The agreement means that OurCrowd will offer deals to Indian investor syndicates managed by LetsVenture. Simultaneously, OurCrowd will showcase Indian startups on its crowdfunding platform… Read More

June 26, 2017 @ 4:30 pm By Samantha Hurst  |  

dLocal, a fintech company specializing in cross-border payments for emerging markets, announced on Monday it has integrated WeChat Pay, AliPay, and UnionPay to its payment platform. According to dLocal, the three providers have collectively captured over 70 percent of the Chinese market, which notably translated into 2.9… Read More

June 26, 2017 @ 3:04 pm By Samantha Hurst  |  

Cross-border payment platform Currencycloud announced on Monday it is teaming up with Hyundai Card to enable the launch of South Korea’s first mobile remittance service provided by a credit card company. The service will be established by Currencycloud and Hyundai Motor Group’s credit issuing arm… Read More

June 24, 2017 @ 10:23 pm By Xu Gao  |  

Chinese Retailer Suning Launches Private Internet Bank Jiangsu Suning Bank Co., Ltd., a private online bank backed by Suning Commerce Group Co., Ltd., officially launched last Friday. Like many of its peers, Suning Bank aims to create an online-to-offline bank driven by technology and taking… Read More

June 23, 2017 @ 2:59 pm By Samantha Hurst  |  

The Tokyo Metropolitan Government (TMG) announced on Friday it is set to invite foreign companies to participate in the upcoming FinTech Business Camp Tokyo event. It was revealed: “TMG is preparing a new plan which can be termed the ‘Financial System Reform in Tokyo —… Read More

June 23, 2017 @ 10:44 am By Samantha Hurst  |  

Microsoft Accelerator Shanghai (MASH), which was launched in January 2017, hosted its first batch’s graduation and demo day on Thursday. The event showcased a total of 14 startups that participated in the program. According to the program,10 out of the 14 startups have received new… Read More

June 23, 2017 @ 8:10 am By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) and the Japan Financial Services Agency (JFSA) have announced a framework for co-operation to promote Fintech innovation in Japan and Australia. A formal “Exchange of Letters” ceremony between Australian Ambassador to Japan, the Hon Richard Court AC and State Minister… Read More