Asia

November 19, 2016 @ 5:06 pm By Jessica Pham  |  

Accenture recently highlighted that Fintech investments in the Asia-Pacific region have accelerated over the past six years, growing from $103 million in 2010 to nearly $10.5 billion by the end of September 2016. Fintech investments in Asia are outpacing those in Europe and the U.S…. Read More

November 18, 2016 @ 5:06 pm By JD Alois  |  

OurCrowd’s co-founder and CEO Jon Medved is one of the most vocal advocates in the investment crowdfunding sector.  Medved has created one of the most prominent funding marketplaces, eschewing borders and definitions to raise capital for promising early stage companies around the globe. A best… Read More

November 17, 2016 @ 8:06 am By Samantha Hurst  |  

Hong Kong-based peer-to-peer lending platform Monexo announced this week plans to launch an “auto invest” feature on its platform. Sharing details about the new feature, CEO of Monexo, Mukesh Bubna announced in a statement: “We understand our customers and their fast-paced lives. It is virtually… Read More

November 17, 2016 @ 2:00 am By JD Alois  |  

While the UK has been the trailblazer in the creation of the concept of a regulatory Sandbox for innovative financial firms, the rest of the world has seen the light and moving forward with their own Fintech Sandbox structures. The UK understood that rule written… Read More

November 16, 2016 @ 2:15 pm By Jessica Pham  |  

New York-based Fintech firm Droit Financial Technologies secured a $16 million in Series A investments earlier this month from Goldman Sachs, Pivot Investment Partners, and Wells Fargo. Principal trading firm DRW also participated. Droit is a New York-based Fintech firm focused on providing enterprise solutions for OTC… Read More

November 16, 2016 @ 11:31 am By Xu Gao  |  

AliPay Offers New Functions for Single Users. Earlier this month, some AliPay users discovered a new online dating function on home page of  the AliPay app (Above 9.9 Version). According to some reports, users received invitation for this beta function. The users will have to… Read More

November 16, 2016 @ 8:16 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published its Fintech “regulatory sandbox” guidelines. The intent is to encourage and enable experimentation of solutions that leverages technology innovatively to deliver improved financial products and services to both consumers and businesses. The Sandbox guidelines have incorporated feedback… Read More

November 15, 2016 @ 9:40 am By Samantha Hurst  |  

Lufax, one of China’s largest peer to peer lending platforms, has announced plans to expand into both Hong Kong and Singapore. This news comes less than two months after the lender announced preparations for its Hong Kong Listing and IPO. Lufax Chairman and CEO, Gregory… Read More

November 15, 2016 @ 8:49 am By Samantha Hurst  |  

Marketplace lending platform, China Rapid Finance, announced on Tuesday it has formed partnerships with two financial institutions, China United SME Guarantee Corp. (Sino Guarantee) and Bank of Shanghai. The lender stated Sino Guarantee would provide ongoing lending capital for loans that will originate on its platform, with… Read More

November 14, 2016 @ 10:49 am By Samantha Hurst  |  

Following the launch of its equity crowdfunding campaign on Crowdcube, UK-based creative technology and visual content agency, Happy Finish, announced on Monday it is expanding its virtual reality (VR) and augmented reality (AR) operations in Asia. The company revealed it intends to maximize the growth development of the… Read More

November 14, 2016 @ 8:20 am By JD Alois  |  

The very first Singapore Fintech Festival kicked off today with important support from the Singapore government. Both the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) partnered on launching the inaugural event.  The week long Fintech gathering expects to have… Read More

November 12, 2016 @ 12:31 pm By Samantha Hurst  |  

Privately held investment firm Senjō Group announced on Friday it is set to support and co-sponsor Next Money’s Fintech Finals 2017 (FF17). The company revealed it will also be organizing partner alongside InvestHK and Startmeup.HK. Next Money is described as a global fintech community that fosters the… Read More

November 11, 2016 @ 1:47 pm By Samantha Hurst  |  

Toast, a Singapore fintech startup, has reportedly secured $1.5 million during a pre-Series A funding round, which was led by Aetius Capital with participation from 1776 and Pepper Group. Toast is described as a peer-to-peer money transform application that allows Filipino users in Hong Kong… Read More

November 11, 2016 @ 9:20 am By Jessica Pham  |  

Fintech is emerging as the next big transformation in India India and the UK held a joint Tech Summit on November 7-9 in New Delhi, where Prime Minister Narendra Modi of India emphasized close collaboration between the two nations during his remarks because it was “vital that India… Read More

November 11, 2016 @ 8:07 am By JD Alois  |  

MoolahSense , a P2P lender, has received a full Capital Markets Services (CMS) license from the Monetary Authority of Singapore (MAS).  The CMS license, issued today, was for “dealing in securities”.  MoolahSense reports that is is the “first marketplace lending platform in Singapore to be granted… Read More

November 10, 2016 @ 6:26 pm By JD Alois  |  

Fintech Hub LATTICE80 Officially Opens for Business in Singapore At the launch of LATTICE80, the “worlds largest Fintech hub with over 30,000 square feet of work and shared space, Deputy Prime Minister and Chairman, Monetary Authority of Singapore, Tharman Shanmugaratnam, delivered a speech on the importance… Read More

November 10, 2016 @ 10:51 am By Samantha Hurst  |  

Peer-to-peer lender, China Rapid Finance, announced on Wednesday its platform has exceeded one million borrowers and it facilitated 8.8 million loans in total as of October 31st. Sharing details about the new milestone, Dr. Zane Wang, CEO of China Rapid Finance, stated: “Serving more than one million borrowers is… Read More

November 10, 2016 @ 9:29 am By Erin Hobey  |  

A group of fintech companies demonstrated their products and services during the third annual FinTech Innovation Lab Asia-Pacific Investor Day. Launched by Accenture (NYSE:ACN) in June 2014, the FinTech Innovation Lab is a 12-week mentoring program to enhance fintech innovation and drive high-tech job growth in Asia-Pacific… Read More

November 9, 2016 @ 8:07 am By Xu Gao  |  

Bank of China and HSBC launched blockchain-based housing-mortgage service in Hong Kong It has been reported that Bank of China and HSBC will launch a blockchain-based housing mortgage service in Hong Kong. The new technology will certify and share the real-estate valuation information in seconds,… Read More

November 8, 2016 @ 4:56 pm By Samantha Hurst  |  

On Tuesday, financial innovation firm R3 announced it is teaming up with the Monetary Authority of Singapore (MAS) to launch its dedicated distributed ledge technology (DLT) Center of Excellence in Asia. This is part of the company’s region expansion plans. The new R3 Asia Lab… Read More