A new survey has highlighted a growing trend among Indian consumers towards using digital services for loans and financial transactions, coupled with a significant lack of awareness about data privacy. According to Home Credit India’s ‘How India Borrows Survey 2023’, only 18% of borrowers surveyed… Read More
Read more in: Fintech, Asia, Global | Tagged digital lending, Home Credit, india
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce it has signed a Memorandum of Understanding (MOU) with the People’s Government of Heilongjiang Province (Heilongjiang Government) to “strengthen cooperation and to support listings of Heilongjiang companies on Hong Kong’s equities market.” Under the… Read More
Read more in: Asia, Fintech, General News | Tagged china, hkex, hong kong, hong kong exchanges and clearing, MOU
Tamara, the fintech platform to shop, pay and bank in Saudi Arabia and the wider GCC region, has achieved the historic milestone of becoming the Kingdom’s “first” homegrown fintech unicorn by securing $340 million in a Series C equity funding round. This investment round was… Read More
Read more in: Asia, Fintech | Tagged financial services, investment round, mena region, middle east, saudi arabia, tamara
Research from Coda, the global firm focused on content monetization solutions for gaming and digital publishers, and Niko Partners, the provider of market intelligence on the video game industry in Asia and MENA, dives into “the evolving landscape of the gaming industry, and the opportunities… Read More
Read more in: Asia, Fintech | Tagged coda, coda payments, digital transactions, niko partners, payments, research, Research Report, southeast asia
Atul Bhuchar, Head of Product at Partior, the global unified ledger market infrastructure for clearing and settlement, recently shared his views and insights with Crowdfund Insider. Partior claims it is redefining the way money moves globally by “optimizing how liquidity is accessed.” Founded in 2021,… Read More
Read more in: Asia, Blockchain & Digital Assets, Featured Headlines, Fintech, Global | Tagged atul bhuchar, distributed ledger technology, dlt, partior, payments, smart contracts
Sumsub has joined the Singapore FinTech Association (SFA). This collaboration signifies Sumsub’s dedication “to driving innovation, fostering key industry connections, and contributing to the vibrant FinTech landscape in Singapore, as well as the wider APAC market following the establishment of its regional headquarters in Singapore… Read More
Read more in: Asia, Fintech, Regtech & Legaltech | Tagged fintech adoption, fintech trends, regtech, singapore, southeast asia, sumsub
The United Arab Emirates (UAE) Ministry of Economy and the Government Development has nominated ABHI, a Pakistani fintech operator, as one of the emerging companies contributing significantly to the nation’s economic sector. This recognition came as ABHI recently inked a deal with Visa Inc. and… Read More
Read more in: Fintech, Asia | Tagged abhi, financial wellness, fintech, pakistan, uae
The Saudi Central Bank (SAMA) has officially introduced a set of rules aimed at regulating “Buy Now, Pay Later” (BNPL) services, marking a significant step in overseeing and controlling this rapidly growing sector. This development, as stated in a recent SAMA press release, is part… Read More
Read more in: Fintech, Asia | Tagged bnpl, fintech, payments, saudi arabia, saudi central bank
The International Monetary Fund (IMF) Managing Director’s recent visit to Korea highlighted the urgency of establishing stringent regulations for the cryptocurrency sector. Addressing a conference in Korea, Kristalina Georgieva emphasized the critical need for robust rules in managing the risks associated with digital currencies, drawing… Read More
Read more in: Blockchain & Digital Assets, Asia, Global, Politics, Legal & Regulation | Tagged crypto regulation, Crypto Rules, cryptocurrency, international monetary fund
OneDegree, a Hong Kong-based insurer specializing in digital assets, has formed a strategic alliance with Dubai Insurance Company to introduce digital asset insurance in the United Arab Emirates (UAE). This partnership includes Dubai Insurance’s investment in OneDegree’s Series B funding round. The collaboration aims to… Read More
Read more in: Insurtech, Asia, Blockchain & Digital Assets | Tagged digital assets, dubai, Dubai Insurance Company, hong kong, onedegree, OneInfinity, online insurance
UAE-based legaltech Clara announced its acquisition of BOTH Corporate Services Limited (BCS), a provider of corporate services in Abu Dhabi Global Market (ADGM). This deal is a key milestone for Clara as it initiates “an acquisition strategy to expand its customer base and extend its… Read More
Read more in: Asia, Regtech & Legaltech, Strategy | Tagged acquisition, clara, legaltech, mena region, middle east, uae
Accenture (NYSE: ACN) has signed a strategic agreement with the Commercial Bank of Dubai (CBD) in order to drive its technology transformation program and “further enhance its banking services to personal and business customers.” Accenture will set up “a development center of excellence (COE) to… Read More
Read more in: Artificial Intelligence, Asia, Fintech, Global | Tagged accenture, ai, banking, dubai, financial services, middle east, uae, united arab emirates
Tether, which claims to be the leader in innovative blockchain technology, has announced recently a “significant” collaboration with Bitkub Online Co., Ltd. (Bitkub Exchange), Thailand’s cryptocurrency exchange (reportedly one of the most active in terms of crypto trading volume). This collaboration aims to launch “a… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged digital assets, education, paolo ardoino, southeast asia, stablecoin, stablecoin adoption, stablecoins, tether, thailand, usdt, virtual currencies
Mumbai-based Non-Banking Financial Company (NBFC), Ashv Finance, part of the Aavishkaar Group, has announced raising $10 million in fresh funding from Encourage Capital. This round of funding marks a pivotal step for the company in expanding its services across India. Intellecap served as the exclusive… Read More
Read more in: General News, Asia | Tagged Ashv Finance, india, lending, Nikesh Kumar Sinha, online lending
In the bustling financial landscape of Hong Kong, Asia Win Inc Limited, under Owen Huang’s leadership, introduced GUGU in June 2020. GUGU is not just a financial platform; it’s a mission-driven venture committed “to breaking down barriers for Asian investors looking to enter the US… Read More
Read more in: Asia, Fintech, Investment Platforms and Marketplaces | Tagged alpaca, digital financial services, hong kong, investing, investments, southeast asia, stock market, trading
Tokyo-based fintech startup Yoii has announced raising $5.5 million in a Series A funding round anchored by Emellience Partners. The startup, which provides a revenue-based financing (RBF) platform, said the round was also backed by Itochu Technology Ventures, FFG Venture Business Partners, and five other… Read More
Read more in: Asia, Fintech | Tagged fintech, japan, payments, revenue-based financing, RFB, series a, tokyo, venture capital, Yoii
The Monetary Authority of Singapore (MAS) has announced a series of new initiatives in digital finance and capital markets, aimed at strengthening financial cooperation with China. These initiatives were unveiled at the 19th Joint Council for Bilateral Cooperation (JCBC) in Tianjin, co-chaired by Singapore Deputy… Read More
Read more in: Asia, Global, Politics, Legal & Regulation | Tagged china, digital finance, monetary authority of singapore, payments, shenzhen stock exchange, singapore
In today’s business landscape, customers demand a seamless checkout experience, and it’s crucial for businesses to “adapt to the evolving needs of the customers,” according to an update from Razorpay. From the outset, Razorpay claims it has “been unwavering in its commitment to providing seamless… Read More
Read more in: Asia, Fintech | Tagged financial services, fintech adoption, fintech trends, india, milestne, payments, razorpay
European investment platform TWINO is sharing the latest performance and product updates. TWINO notes in a blog post that they see that November was an active month for the investors as they reportedly “have several ongoing campaigns and attractive investment opportunities on the platform.” TWINO’s… Read More
Read more in: Global, Asia, Investment Platforms and Marketplaces | Tagged investment platform, online investing, twino
Abaxx Technologies Inc., a financial software and market infrastructure company, majority shareholder of the Abaxx Commodity Exchange and Clearinghouse, announces that the Monetary Authority of Singapore (MAS) has granted an Approved Clearinghouse (ACH) license and Recognized Market Operator (RMO) license “to Abaxx Singapore’s fully owned… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged abaxx, mas, monetary authority of singapore, singapore, southeast asia
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