Asia

August 14, 2017 @ 8:00 am By JD Alois  |  

InstaReM (IE instant remittance), a company that claims 8% to 10% of remittance transactions between India and Australia, says it will be active in 34 European countries by next month. InstaReM says it is the largest digital cross border payments platform in Southeast Asia –… Read More

August 12, 2017 @ 12:31 pm By Xu Gao  |  

China Sets up Centralized Clearing Platform for Online Payments The People’s Bank of China, the country’s central bank, has required all banks and third-party payment institutions to connect to a unified platform by June 30 of 2018 to ensure effective regulation and transaction security. The… Read More

August 10, 2017 @ 5:27 pm By Erin Hobey  |  

Tech Bureau Corp, a fintech and cryptocurrency solutions company, announced that leading Japanese VCs pledged over $9M investment in COMSA’s ICO. Nippon Technology Venture Partners, FISCO Capitals and ABBALab Inc will invest in COMSA ICO tokens and XEM. COMSA, a complete Initial Coin Offering fundraising… Read More

August 10, 2017 @ 11:23 am By Erin Hobey  |  

Fresh from a recent 48 hour token pre-sale round, Singapore-based Everex will join the Blockchain for Social Impact Coalition (BSIC), blockchain software company ConsenSys’ social issues incubator, as well as compete in the monthly BSIC hackathon schedule from 7 September to 7 October 2017. [clickToTweet tweet=”.@everex joins blockchain… Read More

August 10, 2017 @ 9:16 am By Samantha Hurst  |  

SparkLabs, a network of accelerators in Asia, announced earlier this week it is launching in Taipei after recently making its debut in Beijing. According to the network, the first accelerator was launched in Seoul in 2012 with 79% of its 74 graduates receiving follow on… Read More

August 10, 2017 @ 9:08 am By JD Alois  |  

The Monetary Authority of Singapor (MAS), along with the Commercial Affairs Department (CAD) have published a warning to consumers regarding Initial Coin Offerings (ICOs) or Token Offers and other investment schemes involving digital coins. The ICO market and affiliated Token Offerings has risen rapidly catching… Read More

August 9, 2017 @ 11:21 pm By Samantha Hurst  |  

LATTICE80, Singapore-based Fintech hub owned and operated by private investment firm Marvelstone Group, announced it is set to open its new office in India this month. According to Bloomberg, the hub is currently in discussion with thirty tenants for the 30,000 square feet office space, which… Read More

August 9, 2017 @ 9:58 pm By JD Alois  |  

Omega One has been selected as the winner of the Lang Di Fintech PitchIt competition that took place in Shanghai on July 16. PitchIt was created in partnership with JadeValue, Shanghai’s co-working and incubation space. Lang Di Fintech is the China version of the roving LendIt conference series. Omega One… Read More

August 9, 2017 @ 3:55 pm By Samantha Hurst  |  

On Tuesday, University of Hong Kong (HKU) signed a memorandum of understanding (MoU) with Hong Kong Cyberport to create a new fintech platform. While sharing details about the new strategic partnership with HKU, Dr. Lee George Lam, Chairman of Cyberport, stated: “Cyberport is pleased to… Read More

August 8, 2017 @ 11:07 pm By JD Alois  |  

The People’s Bank of China (PBOC) is expected to strengthen the regulation of internet finance firms including peer to peer lenders and payment platforms. The report by China News references a statement by the PBOC that labels some financial products offered by Fintech firms as… Read More

August 8, 2017 @ 4:56 pm By Samantha Hurst  |  

The Centre for Finance, Technology, and Entrepreneurship (CFTE) announced on Tuesday it has formed a partnership with the Monetary Authority of Singapore (MAS) to formalize plans to expand its education initiative to ASEAN. According to the organization, the prime objective is to train finance professionals in… Read More

August 8, 2017 @ 12:42 pm By Timothy Li  |  

Familiar Faces This is the second year that I travelled to China for the LangDi FinTech Conference in Shanghai. What a difference a year makes? Last year, the conference had a massive showing of over 1,300 attendees. This year, the conference nearly doubled to 2,400… Read More

August 8, 2017 @ 11:24 am By Erin Hobey  |  

NEM.io Foundation, the creator of the P2P NEM blockchain platform providing payments, messaging and asset making, announced a sponsorship deal with Lithuanian basketball club Lietuvos Rytas. Basketball fans will now be able to purchase Rytas tickets with blockchain-supported digital currency.The NEM.io Foundation, a leader in… Read More

August 7, 2017 @ 3:40 pm By Samantha Hurst  |  

On Monday, Indonesia-based peer-to-peer lending platform UangTeman announced it successfully secured $12 million during its Series A funding round, which was led by K2 Venture Capital, with participation from STI Financial Group and Draper Associates. Launched in April 2015, UangTeman describes itself as an online lending… Read More

August 6, 2017 @ 1:00 pm By Xu Gao  |  

Baidu Partners With PayPal to Tap Cross-border Payments On July 28, Baidu annouced a strategic agreement with PayPal to tap oversea merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The partnership allows Baidu Wallet users to make online purchases outside… Read More

August 3, 2017 @ 10:51 am By Erin Hobey  |  

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi and the Capital Markets Authority (CMA) Kenya signed a Cooperation Agreement which provides a framework for cooperation to support financial innovation in each jurisdiction. The Agreement was signed by Paul Muthaura, Chief Executive,… Read More

August 3, 2017 @ 10:28 am By JD Alois  |  

Kabbage is out with some big news. SoftBank has committed $250 million in an equity investment into the online lender. This is a significant statement on the belief that Kabbage is on the right trajectory when it comes to the competitive online lending market. SoftBank… Read More

August 2, 2017 @ 10:41 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it successfully secured $220 million during its Series D round funding, which was led by GIC Private Limited with participation from CMIG Leasing, Simone Investment Managers, and other institutional and individual investors. The funding round comes just two… Read More

August 2, 2017 @ 9:53 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) will establish a “Payments Council”, a move designed to facilitate the vision of an e-payments ecosystem in Singapore. This includes the development of seamless payments solutions like PayNow, supporting the introduction and rollout of unified point-of-sale terminals at merchants, and… Read More

August 2, 2017 @ 9:12 am By JD Alois  |  

FundedByMe Malaysia (FBM Crowdtech Sdn Bhd), one of the first approved crowdfunding platforms in the country,  has created a peer to peer lending platform for SMEs. The new platform, entitled AlixCo, is designed to help finance Malaysian entrepreneurs and to address the SME financing gap in… Read More