Tagged: asia

February 26, 2018 @ 11:12 am By Samantha Hurst  |  

On Monday, the Monetary Authority of Singapore (MAS) announced it signed a Memorandum of Understanding (MoU) with the Government of Maharashtra (GoM) to strengthen cooperation in promoting FinTech innovation in the two markets. The MoU was signed at a ceremony at the Magnetic Maharashtra event in India…. Read More

February 20, 2018 @ 1:14 pm By Samantha Hurst  |  

Texcent Asia, a Singapore-based payments company, announced on Tuesday it has received remittance license from Monetary Authority Singapore (MAS). The company powers financial platform Paycent, which is described as a company that’s dedicated to delivering fully integrated mobile applications and aims to be the global leader in… Read More

February 1, 2018 @ 4:00 pm By Samantha Hurst  |  

Plug and Play Japan announced on Thursday that Mobility is a new genre for its startup accelerator program in addition to Fintech, IoT, Insurtech for the Batch 1 program. This new Mobility program is being launched in partnership with Nissan Motor as a leading partner…. Read More

February 1, 2018 @ 8:47 am By Samantha Hurst  |  

On Thursday, fintech and payments events organizer Money 20/20 announced the keynote speaker line-up for its Money 20/20 Asia event, which will take place in Singapore this upcoming March. According to Money 20/20, the event will recognize the defining influence of the pan-Asian payments, fintech… Read More

January 29, 2018 @ 1:44 pm By Samantha Hurst  |  

Tyto Care, a telehealth company, announced on Monday it raised $25 million in its most recent round led by Ping An Global Voyager Fund and including both new and existing investors. According to Tyto Care, Ping An joins a large list of strategic investors already… Read More

January 23, 2018 @ 10:51 am By Samantha Hurst  |  

China-based fintech Yirendai announced on Tuesday it has connected to the Internet Finance Industry Credit Information Sharing Platform, which was established by the National Internet Finance Association of China (NIFA). Yirendai has also been selected by NIFA to participate in a pilot project to enable automatic queries and… Read More

January 11, 2018 @ 1:00 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform Dianrong announced on Thursday it has signed a strategic agreement with Dalian Finance Development Bureau and Dalian Finance Industry Investment Group. Dianrong revealed that according to the agreement it will be developing a series of specific projects in partnership with the Dalian government,… Read More

January 9, 2018 @ 4:04 pm By Samantha Hurst  |  

Following China’s decision to restrict micro-loans, Alibaba’s Ant Financial has reportedly halted its consume loan lending. According to Bloomberg, the company has not sold any asset-backed securities since early December, which was around the time that Chinese officials announced they were requiring micro-lenders to consolidate… Read More

January 5, 2018 @ 9:26 am By Samantha Hurst  |  

Future FinTech Group Inc. (NASDAQ: FTFT), a Chinese fintech company and integrated producer of fruit-related products, today announced that it received a 5% equity interest in Nova Realm Limited. Nova Realm is described as a blockchain technology research and development company registered in the UK The company developed… Read More

January 3, 2018 @ 4:14 pm By Samantha Hurst  |  

InstaReM (IE instant remittance), a Singapore-headquartered fintech start-up that convenient, fast and cost-effective cross-border money transfers to individuals and businesses, announced on Wednesday its 2017 progress and 2018 goals. CEO and Co-Founder, Prajit Nanu, took to the company’s blog to reveal details about the past twelve… Read More

January 3, 2018 @ 3:44 pm By Samantha Hurst  |  

Earlier this week, CEO of MyCash Online, Mehedi Hassan, announced the Malaysia-based fintech company will be moving its headquarters to Singapore. According to Digital News Asia, Hassan reported that the move is due to the fact that Singapore offers the startup with more opportunities, especially… Read More

December 15, 2017 @ 9:45 am By Samantha Hurst  |  

On Friday, Indonesia-based on-demand application service and digital wallet platform GO-JEK announced it has acquired three fintech startups. The three fintechs that GO-JEK acquired are Kartuku, offline payment service company; Midtrans, online payment gateway company; and Mapan, a goods sharing network. According to the company, the acquisitions… Read More

December 14, 2017 @ 10:37 am By Samantha Hurst  |  

China-based fintech Yirendai announced on Wednesday it has made a $50 million strategic investment in Lion Rock through the financial service platform’s Series A funding round. According to Yirendai, Lion Rock is headquartered in Hong Kong and is licensed by the Hong Kong Securities and… Read More

December 13, 2017 @ 3:50 pm By Samantha Hurst  |  

Fintech investment platform Fundnel announced on Tuesday it has partnered with investment advisory and wealth management group Thirdrock to help mid-stage, high-growth companies obtain funding in a more timely and cost-efficient manner. According to Fundnel, the partnership will unite Fundnel’s deal assessment technology with Thirdrock’s forward-looking investment mandate. It… Read More

December 7, 2017 @ 2:59 pm By Samantha Hurst  |  

Bank Indonesia announced on Thursday it has issued new regulations that bar fintech companies from using cryptocurrencies on their platforms. This news comes less than two months after the bank announced it has drawn up rules to monitor fintechs in the country. “Financial Technology [Fintech] Providers… Read More

November 27, 2017 @ 9:09 am By Samantha Hurst  |  

Digital money transfer service WorldRemit announced on Sunday it has expanded its remittance service to South Korea. WorldRemit stated that its mobile-first, digital model allows hard-working migrants to send money to South Korea in a few taps, directly from their phones or through the WorldRemit website without the need to visit… Read More

November 24, 2017 @ 8:20 am By Samantha Hurst  |  

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Friday it has received its ISO 27001 Certification from the British Standards Institution. According to the online lender, the ISO 27001 certification is an internationally recognized best practice framework for an information security management system (“ISMS”) and… Read More

November 16, 2017 @ 3:57 pm By Samantha Hurst  |  

Indorse, a Singapore-based decentralized social network for professionals, announced on Thursday it has formed a strategic collaboration with AppCoins, new cryptocurrency that all Aptoide App Store users can earn and spend inside app stores. According to the network, the new collaboration comes just before its MVP launch later… Read More

November 16, 2017 @ 11:13 am By Samantha Hurst  |  

On Wednesday, Switzerland-based CREALOGIX announced it is expanding business actives in the Asia and Pacific region. The company reported that with this expansion it will be able to cooperate with established local partnerships, including business and tech financial service provider, Cognizant. CREALOGIX noted that in addition… Read More

November 14, 2017 @ 9:56 am By Samantha Hurst  |  

Tokyo-based SoftBank Corp. announced on Monday it has launched the third round for its SoftBank Innovation Program, which is a program that seeks a wide range of innovative solutions and technologies from around the world to consider for commercialization. SoftBank stated that the innovation program aims… Read More