Asia

March 9, 2017 @ 3:59 am By Erin Hobey  |  

Startupbootcamp FinTech, the global accelerator for fintech startups, has announced the 12 international startups that will join its accelerator program in Singapore. The cohort was selected after a final evaluation from a panel of industry experts and VCs, covering multiple aspects of the fintech sector including wealth… Read More

March 8, 2017 @ 11:21 pm By JD Alois  |  

CoAssets (ASX: CA8), a crowdfunding platform specializing in facilitating funding for real estate and SMEs, has signed a non‐binding Memorandum of Understanding (MOU) to invest in Fintech Pte Ltd, a Hong Kong-based Fintech company. Following due-diligence, the two companies expect to formally announce an investment… Read More

March 8, 2017 @ 10:08 am By Samantha Hurst  |  

Dr. Zhengyu (Zane) Wang, founder, chairman and CEO of China Rapid Finance Limited, revealed at the 2017 LendIt USA 2017 conference the challenges to expanding consumer finance in China’s population. According to Wang, the country has emerged from being a market that in 2000 featured… Read More

March 8, 2017 @ 7:59 am By JD Alois  |  

  The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) have signed a “Cooperation Agreement” (CA) to encourage closer cooperation on the development Fintech. The agreement seeks to foster entrepreneurship and support innovation in financial services in both Singapore and Abu Dhabi. … Read More

March 3, 2017 @ 9:14 am By JD Alois  |  

Credit Suisse has announced, “enhancements” to its digital private banking platform in Asia by partnering with Fintech company Mesitis Pte Ltd to provide its clients the ability to access “Canopy”, an automated account aggregation platform and reporting solution through Credit Suisse’s digital private banking platform…. Read More

March 2, 2017 @ 11:14 pm By JD Alois  |  

Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports, Alibaba has led a funding round in Paytm, an Indian ecommerce and payments platform. A… Read More

March 2, 2017 @ 7:09 pm By Xu Gao  |  

CBRC Releases “Guideline” to Regulate Funds Custody of Online Lending Platforms On February 23rd, the China Banking Regulatory Commission（CBRC)released new guidelines to regulate funds custody of online lending platforms. According to the guidelines, online lending platforms and banks must follow the regulation to restructure their funds… Read More

March 2, 2017 @ 11:36 am By Samantha Hurst  |  

Marketplace lending platform, China Rapid Finance, announced on Wednesday its CEO, Dr. Zhengyu (Zane) Wang will deliver a keynote speech at LendIt USA 2017. The event will take place on March 6th and 7th at the Jacob Javits Center in New York City. China Rapid Finance noted that… Read More

March 2, 2017 @ 10:29 am By Samantha Hurst  |  

Mambu, a Berlin-based SaaS banking platform provider, announced on Thursday it’s kicking off 2017 by opening new Miami office and appointing a new regional managing director to meet the growing demand for its platform in North America, Canada, Latin America, and the Caribbean. The platform… Read More

March 1, 2017 @ 3:04 am By Jessica Pham  |  

Vietnam-based peer-to-peer bitcoin marketplace platform Remitano is continuing its global expansion into the English-speaking market. Remitano is already operating in the U.S., Australia, Malaysia, Nigeria, Vietnam, Cambodia, and China. Cryptocoins News reported that CEO and Co-Founder Dung Huynh who is also the company’s Lead Product… Read More

February 28, 2017 @ 6:29 am By Erin Hobey  |  

Global investment in fintech ventures grew 10% in 2016, to US$23.2 billion, driven primarily by a wave of blockbuster deals in China, according to Accenture (NYSE:ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm. Fintech financing in Asia-Pacific in 2016 eclipsed… Read More

February 27, 2017 @ 9:33 am By JD Alois  |  

Tokyo Otaku Mode Inc. (TOM) is a Delaware incorporated company that has launched crowdfunding in Japan. So why incorporate in the US? TOM is designed to be a global rewards-based or presale crowdfunding platform. Just launched today, TOM will be supporting, funding and allowing purchasing… Read More

February 24, 2017 @ 7:52 pm By JD Alois  |  

Lufax, othe largest peer to peer lenders in the world, is pivoting away from the online lending business. This is according to a report in WSJ.com. Lufax operates online and off – with more than 500 brick and mortar locations in over 200 cities. The… Read More

February 24, 2017 @ 8:06 am By JD Alois  |  

Bambu, the Singapore-based Robo-Advisory platform, has provided an update on their one year anniversary. Bambu is a Fintech firm that provides a white label platform for investment managers to provide a robust array of online advisory services for desktops and mobile devices. During the first year… Read More

February 22, 2017 @ 9:56 am By Xu Gao  |  

Hong Kong Securities & Futures Commission Joins R3 Blockchain Consortium The Hong Kong Securities and Futures Commission (SFC) announced it had joined the R3 blockchain consortium. Through this partnership, SFC will test applications of blockchain on record and settlement of securities and futures trading with the… Read More

February 19, 2017 @ 10:59 pm By JD Alois  |  

China is the largest market in the world when it comes to peer to peer lending. The Chinese online lending market has also earned a reputation for fraud and a wild-west type environment as many platforms operate with little regulatory oversight. But this is changing… Read More

February 19, 2017 @ 10:46 pm By JD Alois  |  

Ant Financial Services Group, a leading digital financial services provider and part of the Alibaba family of businesses, has invested in Mynt or Globe Fintech Innovations – part of Globe Capital Venture Holdings (GCVHI). Mynt is part of Globe Telecom the leading Philippine mobile operator. Ayala Corporation,… Read More

February 18, 2017 @ 6:30 am By Jessica Pham  |  

F88 is a Vietnam-based pawn shop service chain and it secured last month an undisclosed amount of investment thanks to its attractive tech platform that “was launched to overcome the difficulties in accessing funds from customers, meet market demand, as well as catch up with… Read More

February 18, 2017 @ 3:14 am By Jessica Pham  |  

Vietnam is moving forward in reducing cash transactions and formalizing electronic payment methods. Deputy Prime Minister Vuong Dinh Hue signed a plan that ensures that the country has the infrastructure and equipment that it needs to progress toward a cashless economy by 2020. Focus areas… Read More

February 18, 2017 @ 1:17 am By Jessica Pham  |  

PayPal and Singapore Management University (SMU) have teamed up to establish a fintech scholarship that is worth S$180,000 (over $125,000). The investment is focused on building the talent pool in Singapore for the fintech sector. Six undergraduates at SMU’s School of Information Systems (SIS) will each… Read More