Asia

April 11, 2016 @ 10:55 am By Samantha Hurst  |  

Singapore-based crowdfunding platform, FundedHere, recently announced that it has secured $1.29 million from three angel investors. Last month  , FundedHere stated that it was the first licensed equity and debt crowdfunding platform in Singapore as it has received a Capital Markets Services (CMS) license to operate… Read More

April 10, 2016 @ 2:59 pm By JD Alois  |  

In the first bi-monthly Monetary Policy Statement, 2016-17 Dr. Raghuram G. Rajan,  Governor of the Reserve Bank of India, stated that a conceptual document will be posted on their website by the end of the month.  According to the statement from last week; Peer to Peer… Read More

April 8, 2016 @ 7:57 am By JD Alois  |  

At the end of March, Crowdfund Insider reported the creation of the Islamic Crowdfunding Alliance. In the ensuing days in advance of the scheduled press conference the founders have repositioned their group as the Islamic Fintech Alliance (IFT Alliance). The creators of the new Alliance… Read More

April 5, 2016 @ 2:11 pm By JD Alois  |  

  A Chinese delegation from Guiyang, the capital of Guizhou Province in China described as the “capital of crowdfunding” in the country, is visiting the City of Liverpool to explore potential areas of collaboration such as tourism, big data and crowdfunding.  The 24 delegates from… Read More

April 3, 2016 @ 3:11 pm By Weiyangx  |  

  A decade ago, bank salespersons were seen at almost every street corner in Taipei. Apart from credit cards, they also offered unsecured micro-loans to ordinary people. As long as you didn’t have a criminal record and could provide your basic information such as ID… Read More

April 1, 2016 @ 10:14 am By JD Alois  |  

Like much of the rest of the world, Singapore is embracing Fintech and looking to give financial innovation a boost by launching the SG-Innovate Fintech hub.  Fintech in Singapore received a small but important mention in the most recent governmental budget stating; “To give these… Read More

March 30, 2016 @ 3:20 pm By Samantha Hurst  |  

On Wednesday, Singapore-based bullion retailer, Silver Bullion Pte Ltd., announced the launch of its 1-month bullion secured peer-to-peer(P2P) loans. Silver Bullion previously offered loan durations of 6 months, 12 months and 24 months secured by physical gold and silver collateral stored in its vault, The Safe… Read More

March 29, 2016 @ 12:13 pm By Samantha Hurst  |  

Peer-to-peer lender, China Rapid Finance, announced on Tuesday it has become a sponsor and founding member of the National Internet Finance Association of China (NIFA). According to the company, the NIFA was founded with the approval of China’s State Council. It has been led by the People’s Bank of China,… Read More

March 29, 2016 @ 8:55 am By JD Alois  |  

Late last month the National Internet Finance Association of China (NIFA) was launched during a ceremony in Shanghai. CreditEase, the first (and largest) peer to peer lender in the country, was elected as an Executive Director to the new entity. Former People’s Bank of China Deputy… Read More

March 28, 2016 @ 10:20 pm By JD Alois  |  

While the rest of the developed world, and some of the developing world, is rushing to embrace the Fintech revolution Japan is mired in the financial past.  Japan possesses the worlds 3rd largest economy as measured by nominal GDP yet they have done little when… Read More

March 25, 2016 @ 11:25 am By Lao Zhuo, Weiyangx  |  

The property prices in China’s major cities has surged in recent months, first in Shenzhen, then Shanghai and Beijing. The rapid appreciation of property is drawing people’s attention back to the concept of real estate crowdfunding. Four types of real estate crowdfunding Real estate crowdfunding… Read More

March 21, 2016 @ 8:31 am By JD Alois  |  

FundedHere, an equity and debt based crowdfunding platform, has claimed the title of “First” as it has received a Capital Markets Services (CMS) license on March 18, 2016 to operate by the Monetary Authority of Singapore (MAS). The license allows FundedHere to deal in securities… Read More

March 18, 2016 @ 9:22 am By JD Alois  |  

  Crowd2Fund has just revealed it is going global. According to information provided by the crowdfunding platform, Crowd2Fund has opened its platform to investors in 163 different countries to create accounts and invest in UK SMEs.  Crowd2Fund is an FCA regulated platform that offers both… Read More

March 17, 2016 @ 6:19 am By Erin Hobey  |  

TradeSocio, a fintech company founded in 2014 that aims to enable brokers, banks, and financial institutions to better utilize social trading, marketing automation, analytics and big data, announced its $1.25 million seed funding round led by Octava, a Singapore-based investment holding group, according to a statement…. Read More

March 16, 2016 @ 11:03 am By JD Alois  |  

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

March 15, 2016 @ 9:04 pm By JD Alois  |  

The China Banking Regulatory Commission is talking tough when it comes to bogus online lenders. As reported in the China Daily,  Shang Fulin, Chairman of the CBRC, explained at a news conference regulators were cracking down of dodgy platforms; “The CBRC will strengthen regulation, intensify… Read More

March 15, 2016 @ 10:41 am By Samantha Hurst  |  

On Tuesday, CoAssets (NSX code: CAX), a Singapore-based crowdfunding platform, announced it has appointed ex-chief artillery officer, Lawrence Lim, as its new COO. The COO appointment comes less than a week after CoAssets announced its expansion in Australia. Speaking about the appointment, which will go into… Read More

March 14, 2016 @ 11:56 am By JD Alois  |  

In response to the rapid increase of Fintech in Asia, a new conference has been launched to address the fast changing environment for financial firms. The 2016  Fintech Law in Asia Conference is scheduled to take place at Nagoya University in Japan this April. The… Read More

March 14, 2016 @ 11:14 am By Samantha Hurst  |  

On Sunday, the Supreme People’s Court of the People’s Republic of China (SPC) announced that the country’s court system handled approximately 1.42 million cases regarding peer-to-peer lending during 2015. As reported by Xinhua, during the annual parliamentary session, SPC President, Zhou Qiang, noted that the… Read More

March 10, 2016 @ 4:30 am By Erin Hobey  |  

2015 was the year that financial technology entered the mainstream, claims the new report “Pulse of Fintech” from KPMG and CB Insights (see also the University of Cambridge Centre for Alternative Finance  seminal benchmarking surveys last year), which estimates that VC-backed fintech firms around the world secured $13.8 billion in… Read More