Asia

Funding Societies Named Winner Of a Silver Stevie Award in Innovation in Technology Category at the Asia-Pacfic Stevie Awards

Funding Societies, one of the largest peer-to-peer (P2P) lending platforms in Southeast Asia, announced on Tuesday it was named the winner of a Silver Stevie Award last week in the Innovation in Technology category in the seventh annual Asia-Pacific Stevie Awards. The online lender claims… Read More

Private Blockchain Blocko Expands Partnership with Samsung

Private blockchain platform Blocko has been selected as one of Samsungs Blockchain Wallet D-App Sourcing Partners’ using the Aergo Blockchain. Blocko already has an existing relationship with Samsung in Korea. Blocko is a strategic technology partner for Aergo, having already deployed over 38 large-scale private… Read More

Bithumb Debuts New Smart Token BTCS

South Korean cryptocurrency exchange Bithumb announced on Monday the launch of its new smart token, BTCS. The platform now has seven smart tokens, which are ETHS, XRPS, LTCS, BCHS, BSVS, COMPS, and BTCS. According to Bithumb, basic characteristics of the smart tokens are the following:… Read More

Fintech has Emerged as a “Game Changer” during COVID-19 for Consumers in the Philippines, Traditional Businesses Must Catch Up, Industry Exec Argues

Ney Villasenor, the VP and chief corporate affairs officer at GCash, a Fintech company that facilitates fast and secure mobile payments, has noted that there’s no doubt that COVID-19 has made Fintech services essential for people residing in the Philippines. Villasenor pointed out that cash… Read More

Triquesta Boosts Executive Bench with New Hires

Triquesta, a Singapore-based Fintech, has appointed Paul Marsh as the global head of business consulting. Additionally, Pieter Klaassen has joined Triquesta as managing director of quantitative strategies. According to a company release, these moves are part of Triquesta’s strategy to expand its collateral management capabilities… Read More

Cybercrime and Banking Fraud Alert: State Bank of India, Nation’s Largest Lender, Reminds Customers to Never Share Personal Details with Anyone

The State of Bank of India (SBI) has again cautioned against the increasing number of fraudulent activities targeting unsuspecting bank account holders. The SBI is a multinational, public sector banking and financial services statutory body that’s headquartered in Mumbai, Maharashtra. Last year, it was ranked… Read More

Fintech Alliance in the Philippines Releases Handbook that Outlines Best Pratices, Standards for Financial Technology Businesses

FintechAlliance.ph, an organization that aims to encourage collaboration and cooperation among digital finance sector participants in the Philippines, has published a handbook that outlines various standards for the Fintech industry in order to help regulators, policymakers and stakeholders understand what’s expected of them. FintechAlliance.ph noted… Read More

CBDCs: China and Japan Continue to Work on their Respective Digital Currency Projects, New Reports Confirm

The global COVID-19 crisis has forced many businesses to either shut down or make significant changes to their business models. Individuals and companies are increasingly using digital platforms and services to conduct transactions or complete routine tasks that they normally carried out at physical locations…. Read More

Ant Group to IPO on Hong Kong Exchange, Shanghai Exchange, Poised to be Largest Fintech Ever to Go Public

Ant Group (formerly Ant Financial) plans to execute concurrent listing on Shanghai Stock Exchange’s STAR market and The Stock Exchange of Hong Kong, according to a company release. The news of a pending initial public offering (IPO) was previously reported as word of the listing… Read More

Maksab, a Digital Deal Making Platform for SMEs, Launches in Dubai

Maksab, a blockchain-enabled digital platform that aims to promote high growth opportunities via a virtual deal-making marketplace, has launched in Dubai.  The company notes that MENA based startups have raised over USD $659 million in the first half of 2020, a 35% increase compared to… Read More

Binance Is “Operating a Recognized Market Without Authorization,” the Malaysian Securities Commission Warns, Public Advised Not to Make Investments with Such Firms

The Securities Commission (SC) of Malaysia, which recently warned residents about facing lengthy prison sentences and fines for operating unlicensed Cryptocurrency ATMs, has specifically mentioned that Binance, the world’s largest digital asset exchange, is not authorized to offer services in the country. The Malaysian SC… Read More

Crypto.com Unveils Anti-Phishing Code For Exchange Users

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday it has rolled out its new anti-phishing email feature to help protect exchange users against phishing attempts. According to Crypto.com, the anti-phishing email feature helps reinforce the platform’s  Defense in Depth approach. “With this new feature, we… Read More

Fintech Entrepreneurs Should Focus on Emerging Markets which have Significantly Increased their Share of Global GDP

A recent blog post notes that since the COVID-19 pandemic began, there’s been a significant acceleration in digital banks and P2P wallet activity volume (during the first half of 2020). The blog states that the impact of the Coronavirus crisis has “disproportionately” affected the world’s… Read More

Fintech Adoption in Pakistan on the Rise with Japan Communications and Saffran Group Committing to Investing in Local Financial Tech Initiatives

Japan Communications Inc., a company that engages in the provision of wireless data communication services via in-house software solutions, has partnered with Pakistan‘s Saffran Group, a multinational technology development company. Through the partnership, the companies will invest in financial technology projects in Pakistan via the… Read More

Fintech Is Emerging as a “Crucial Means of Support” for MSMEs during COVID-19, According to the First Circle Growth Finance Team

Benedict Carandang and Lee-Anne Tobias from First Circle Growth Finance, a company that offers financing services to qualified SMEs in the Philippines that sell to other businesses or government agencies, note in a blog post published on the World Economic Forum’s (WEF) official website that… Read More

Fintech Association of Hong Kong Appoints Benjamin Quinlan as its New Chairman, Succeeding Henri Arslanian

The Fintech Association of Hong Kong (FTAHK), an independent, not-for-profit, membership-based association representing Hong Kong’s Fintech community, has reportedly appointed Benjamin Quinlan as its new Chairman. Quinlan will be expected to lead the next stage of the Association’s mission which involves supporting the growth of… Read More

P2P Lenders in Indonesia Report Slowdown in Loan Disbursement via Fintech Platforms due to COVID-19

Indonesia’s Fintech lending platforms have reported slowing growth in total loan disbursements due to the COVID-19 outbreak and resulting economic challenges. The pandemic has caused many Indonesian startups to become more careful when channeling their credit. The Asian country’s Fintech Lenders Association (AFPI) deputy chairman… Read More

National University of Singapore to Support Local Fintech Professionals and Application Developers via NUS-FintechSG Initiative

  The National University of Singapore (NUS), a research-focused academic institution that’s consistently ranked among the world’s top universities, is planning to support the city-state’s next generation of Fintech professionals and full-stack application developers. Introduced in July 2020, the NUS-FintechSG initiative, which is being offered… Read More

China: WeiyangX Fintech Review

Beijing Makes Policy Update for Startup Loans On July 13th, Beijing Municipal Human Resources & Social Security Bureau and the Business Administration Department of PBC jointly made an update for the startup-loan support policy. Eligible individual borrowers can apply for a business guarantee loan up… Read More

Digital Banking Services May Now be Easily Accessed in Singapore via OCBC’s SingPass which Doesn’t Require Remembering or Entering Access Codes

OCBC Bank (Oversea-Chinese Banking Corp., Ltd) (SGX: O39), a multinational banking and financial services corporation headquartered in OCBC Centre, Singapore, has revealed that its customers in Singapore will now be able to use their SingPass to access its digital banking platform. The digital banking services… Read More

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