Tagged: asia

Report: Majority of China P2P Lenders Could Fail in 2017

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

The Cambridge Centre for Alternative Finance, Monash Business School & Tsinghua University, Join on 2016 – 2017 Asia Pacific Alternative Finance Industry Study

The Cambridge Centre for Alternative Finance at University of Cambridge Judge Business School, Australian Centre for Financial Studies at Monash University and Tsinghua University Graduate School at Shenzhen have teamed up to launch the 2016-2017 Asia-Pacific Region Alternative Finance Industry Survey.  The consortium has gained the… Read More

Standard Chartered Announces Open Banking API Developer Portal Launch

Standard Chartered announced last week it has launched its Open Banking Application Programming Interface (API) Developer Portal. The company stated that the launch of the portal will enable the Bank to further its digitization agenda and increase collaboration with a wide spectrum of partners including corporates,… Read More

Monetary Authority of Singapore Relaxes Some Rules to Improve Financing of SMEs

The Monetary Authority of Singapore (MAS) has announced regulatory changes to boost the resilience of finance companies and enhance their ability to provide financing to small and medium-sized enterprises (SMEs). The financial regulator said that some finance companies fill an important niche in providing access… Read More

P2P Lender Monexo Announces Undisclosed Strategic Partner Following Kolkata Launch

Hong Kong’s peer-to-peer lending platform Monexo announced on Monday it now has an undisclosed strategic partner. Founder and CEO of the online lender, Mukesh Bubna, reportedly stated that the new partner may be a domestic private equity fund. Bubna shared: “In 2017, our aspiration is… Read More

Ireland Wants to be European Fintech Gateway for Chinese Firms

Earlier this month, Ireland sent a delegation of public officials to visit Hong Kong and advocate on behalf of the country as a “gateway” for China to the European market.  The delegation participated in the 10th Asian Financial Forum. Eoghan Murphy TD, Minister of State for… Read More

MC Payments Gains Control of Genesis Payment Solutions

Singapore-based MC Payments has acquired a controlling stake in Genesis Payment Solutions.  Genesis is a company that is used by Alipay, part of Alibaba, to acquire merchant accounts on its behalf. Genisis helps retailers process payments from Chinese tourists using Alipay – the country’s leading… Read More

Credit China Fintech is Making Waves with $30M Bitfury Deal Following Ping An Investment

Credit China Fintech has started 2017 with a blitz of deals.  Today Credit China Fintech announced a $30 million deal with BitFury group and the establishment of a joint venture focusing on the China market. BitFury Group is a leading Bitcoin and private Blockchain infrastructure… Read More

Thai FinTech Association Seeks Government Assistance For Local Tech Startups and Financial Institutions Through New Initiative

Thai FinTech Association has called upon the Thailand government to assist local tech startups and financial institutions to enhance local competition and prevent foreign companies from monopolizing in the country’s fintech market, according to the Bangkok News. During a recent interview, chairman of the Thai Fintech Association,… Read More

Wecash Forms JV with Kresna Investments & JAS Kapital to Enter Indonesian Market

Wecash Group, one of China’s top Fintech firms, has entered the Indonesian market via a joint venture with JAS Kapital and Kresna Investments. Wecash is a big-data credit evaluation platform. Founded in 2014, Wecash was the first Chinese startup to leverage data to detect fraud and appraise consumers credit…. Read More

CoAssets Announces RMB 1 Million Strategic Investment Fujian’s Da Xian Bing Internet Technology

CoAssets Limited, a Singapore-founded Fintech firm that is listed on the ASX (ASX: CA8), announced over the weekend it has invested RMB 1 Million (approx. A$194,000) in Fujian’s Da Xian Bing Internet Technology Ltd (“Da Xian Bing”).  The company stated that the investment, for 10% of Da… Read More

Ayannah Named Best in Show At Next Money Fintech Finals 2017

Philippine-based startup Ayannah, a provider of affordable and accessible digital financial services for the world’s unbanked, was named Best in Show by the judges at the Fintech Finals 2017 (FF17) pitch competition at PMQ in Hong Kong on Thursday night. The second annual event, which was… Read More

Credit China FinTech Named a Founding Member of the Global Blockchain Business Council

Credit China FinTech Holdings Limited, an integrated fintech service provider in China, was announced as a founding member of the newly developed organization, Global Blockchain Business Council (GBBC). Credit China FinTech is reportedly one of the 25 founding members of the GBBC and is considered the only… Read More

China: WeiyangX Fintech Review

Ant Financial Joins UNEP Sustainable Finance Initiative Ant Financial has signed the “Declaration on Environment and Sustainable Development” and joined the United Nations Environment Programme Sustainable Finance Initiative as a full member of the organization. In fact, China Merchants Bank and Industrial and Commercial Bank… Read More

Dianrong Reports: Cumulative Trading Amount Exceeds RMB 16.2 Billion in 2016

Chinese peer-to-peer lending platform, Dianrong, announced on Tuesday its 2016 annual results. The company revealed that the cumulative trading amount exceeds RMB 16.2 Billion, which is notably a year-on-year increase of 148%, and growth in loans issued was funded by 3.62 million investors. Dianrong CEO,… Read More

SuperCharger Fintech Accelerator Launches 2.0 Program At Cyberport Fintech Smart Space

SuperCharger Fintech Accelerator announced the launch of its 2.0 program on January 9th in the newly opened Cyberport FinTech Smart Space. The accelerator welcomed the program’s eight fintech start-ups and scale-up participants, which are Bambu, Clare.ai, Entersoft, FinChat, Foris, KYC Chain, Squirro, and Xnotes Alliance. The companies… Read More

Monetary Authority of Singapore Launches Essay Competition on Disruptive Technologies

The Monetary Authority of Singapore (MAS) has launched an essay contest on “The Impact of Disruptive Technologies.” Coming from a securities regulator that theme most certainly includes the impact of Fintech innovation. The essay competition is open to all pre-university students studying in Singapore regardless… Read More

Postal Savings Bank of China Partners With IBM For Blockchain-Based Asset Custody System

Postal Savings Bank of China (PSBC) announced on Tuesday it has teamed up with IBM to launch its blockchain-based asset custody system. As part of its work, the bank has also successfully executed more than 100 real business transactions on the blockchain since the system… Read More

CoAssets Launches New Real Estate Subsidiary for Full Spectrum of Real Estate Services

CoAssets Limited, a Singapore-founded Fintech firm that is listed on the ASX (ASX:CA8), has launched a newly incorporated subsidiary, CoAssets Real Estate (Care) Pte Ltd. CoAssets described the new subsidiary as part of the company’s long-term growth strategy. The new CoAssets subsidiary will provide “a… Read More

China Rapid Finance Announces Partnership with Tencent Licaitong For Investment Products

Marketplace lending platform, China Rapid Finance, announced on Sunday it has teamed up with Tencent’s wealth management platform, Licaitong, to provide new investment products for individual investors. The online lender stated that with it as the screening party for the underlying assets, the first-phase products on… Read More