Asia

March 20, 2017 @ 12:25 pm By Samantha Hurst  |  

On Monday, IBM announced the launch of its new developer tools specifically for financial services, which is known as the IBM Cloud for Financial Services. The new tools will notably offer the “essential building blocks” for financial services app creations. IBM reported that over 100,000… Read More

March 18, 2017 @ 1:01 pm By Xu Gao  |  

Highlights of China’s central bank’s briefing on financial reform & development Last Friday, the People’s Bank of China briefed media on China’s financial reform and developments on the sidelines of the Two Sessions in Beijing.‍ Officials attending the press conference included: Zhou Xiaochuan: Governor of… Read More

March 16, 2017 @ 11:03 pm By JD Alois  |  

Singapore-based Fintech startup Invictus has partnered with IBM (NYSE:IBM) to leverage their cloud and blockchain tech to power their order, logistic and payment platform (OLP). Invictus will also be working with the IBM “Bluemix Garage” in Singapore to design a distributed ledger (DLT) platform prototype on the… Read More

March 16, 2017 @ 10:23 pm By JD Alois  |  

Ethis Ventures, a Singapore-based Islamic crowdfunding platform, has joined the United Nations Global Compact as a signatory. The UN Global Compact is the world’s largest corporate sustainability initiative that assists companies in aligning strategic operations with universal principles on human rights, labor, environment, and anti-corruption…. Read More

March 16, 2017 @ 12:20 pm By Samantha Hurst  |  

CreditEase Fintech Investment Fund (CEFIF), a venture fund investing in growth-stage fintech companies in China and globally created by peer-to-peer lender CreditEase, announced at LendIt USA  in New York it  had made investment in three new Fintech firms. According to the fund, the three investments included… Read More

March 16, 2017 @ 9:16 am By Erin Hobey  |  

Bangkok Bank Public Company Limited announced its international FinTech accelerator program, Bangkok Bank InnoHub in partnership with corporate innovation partner Nest. The 12-week intensive program will take place in Bangkok, Thailand, aiming to exemplify the bank’s drive to inspire innovation and solidify its commitment to innovative new technologies. As the country’s leading… Read More

March 16, 2017 @ 9:04 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), has proposed a limitation on the usage of coins for payment of goods and services. Recognizing the waning importance of coin-based currency, MAS pitched new legal tender limits as follows: A legal tender limit of 10 coins per denomination… Read More

March 16, 2017 @ 8:56 am By Erin Hobey  |  

Launched only 19 months ago, Silver Bullion Pte Ltd‘s bullion has secured P2P loan platform has matched 1000 loans. While it took roughly 13 months to match its first500 loans, it took only another 6 months for Silver Bullion to reach 1000 loans. One of… Read More

March 16, 2017 @ 8:54 am By JD Alois  |  

Yirendai Ltd. (NYSE:YRD), a prominent online lender in China, announced its unaudited financial results for the quarter and full year ended December 31, 2016. Folowing the release, shares moved lower in pre-market trading. In Q4 of 2016, Yirendai reported it had facilitated 194,505 investors with total… Read More

March 16, 2017 @ 8:31 am By Samantha Hurst  |  

Chinese marketplace lending platform Yirendai announced on Thursday it has appointed Dr. Yichuan Pei as its new Chief Credit Officer. According to the lender, Dr. Pei will be responsible for the over management of its credit department to ensure that the credit risk of loan… Read More

March 14, 2017 @ 7:45 pm By JD Alois  |  

  The Australasian rewards-based crowdfunding platform Pozible has joined the Certified B Corp movement. Pozible, the largest platform of its kind in Australia,  has announced is is joining a growing group of businesses that believe in generating a positive impact on the world and “durable prosperity… Read More

March 14, 2017 @ 12:08 pm By Spencer Li  |  

One of the fundamental differences between Chinese and US lending platforms can be found just by examining the home pages of their websites. Most, if not all, US platforms’ landing pages are targeted at borrowers and exhibit mainly information around borrowing whereas, on those of… Read More

March 13, 2017 @ 9:23 am By JD Alois  |  

Less than a week after Japan inked an agreement to partner with the Financial Conduct Authority in the UK, the Financial Services Agency (FSA) in Japan has announced a cooperation framework with the Monetary Authority of Singapore (MAS). Similar to other existing arrangements by MAS,… Read More

March 10, 2017 @ 8:21 am By JD Alois  |  

SuperCharger FinTech Accelerator 2.0 Demo Day is scheduled to take place on the trading floor of the Hong Kong Exchange early next month. Each of the companies will demo their product and share the progress they have made in the past few weeks. SuperCharger FinTech Accelerator… Read More

March 9, 2017 @ 2:03 pm By Samantha Hurst  |  

Yirendai (NYSE: YRD) announced the launch of its new open technology platform, Yirendai Enabling Platform (YEP), during the 2017 LendIt USA Conference, which was held earlier this week in New York City. According to Yirendai, the new platform enables part companies to utilize its data… Read More

March 9, 2017 @ 12:37 pm By JD Alois  |  

Viva Republica, a Fintech startup that provides a P2P money transfer service called Toss, has received a $48 million investment from PayPal (NASDAQ: PYPL), Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures. Toss had previously raised $29 million in earlier funding. The young company… Read More

March 9, 2017 @ 12:07 pm By JD Alois  |  

Money20/20, one of the world’s largest Fintech events, is gearing up for the inaugural Money20/20 Asia.  At a recent press event, Philip Thomas, CEO, Ascential Events, outlined why Singapore had been selected as a host city for the first ever Money20/20 event. Thomas said that… Read More

March 9, 2017 @ 11:17 am By Xu Gao  |  

NPC & CPPCC 2017 Annual Sessions Focus on Risk Prevention and Industry Regulation of Fintech Industry Last week, the National People’s Congress (NPC)and Chinese People’s Political Consultative Conference (CPPCC), the country’s top legislative and political advisory body, opened the 2017 sessions in Beijing. Fintech, or… Read More

March 9, 2017 @ 9:25 am By JD Alois  |  

Marvelstone Group, the private investment group behind Fintech hub LATTICE80, has signed a memorandum of understanding with the Government of Andhra Pradesh in India to open the first LATTICE80 location outside of Singapore. Headquartered in Singapore, Marvelstone is a private investment group that develops specialized investment… Read More

March 9, 2017 @ 8:49 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has concluded a “proof-of-concept project” to conduct domestic inter-bank payments using distributed ledger technology (DLT) also commonly referenced as Blockchain. The project, in partnership with R31 and a consortium2 of financial institutions, was first announced in November 2016. “This wholesale payments project… Read More