Tagged: asia

April 4, 2018 @ 11:32 am By Samantha Hurst  |  

Digital challenger bank Revolut announced on Wednesday it is currently making plans to launch in Singapore. This news comes just after the company announced it launched “disposable’ virtual cards. “From clunky apps to hidden fees, banking as we know it is broken. That’s why we decided to… Read More

March 30, 2018 @ 10:48 am By Samantha Hurst  |  

Temenos (SIX: TEMN), a banking software company, announces on Thursday that the audience of the Innovation Jam in Hong Kong has voted vPhrase the winner of the fintech competition. Held in conjunction with Fintech Supercharger, an Asia fintech accelerator, the Hong Kong Innovation Jam, brought together eight fintech… Read More

March 26, 2018 @ 10:30 am By Samantha Hurst  |  

The Singapore FinTech Association (SFA) and the Fintech Association of Japan (FAJ) announced on Monday they have signed a Memorandum of Understanding (MOU) to create stronger relationships and greater fintech cooperation between the two countries. According to the duo, this partnership will see the associations… Read More

March 26, 2018 @ 9:03 am By Samantha Hurst  |  

Less than two weeks after announcing the launch of its new financial services, ride-hailing company Grab announced on Monday it has acquired Uber’s Southeast Asia operations. This deal is the largest-ever of its kind in Southeast Asia. Grab reported it will integrate Uber’s ridesharing and food delivery business in… Read More

March 23, 2018 @ 4:00 pm By Samantha Hurst  |  

Binance announced plans to open a new office in Malta. CEO of the company, Zhao Changpeng, confirmed the office’s location by stating: “We are very confident we can announce a banking partnership there soon. Malta is very progressive when it comes to crypto and fintech.” Joseph… Read More

March 7, 2018 @ 3:53 pm By Samantha Hurst  |  

Consentium, a Singapore-based multi-digital currency and group monetization chat application, announced this week it has secured $10 million from its private ICO sale, which was launched on 25 January. The company reported that the funding will be used to drive expansion across Asia, including priority… Read More

March 7, 2018 @ 9:54 am By Samantha Hurst  |  

The Symbiosism Economy Foundation (SEF) announced on Tuesday it has become a member with voting rights of the Singapore FinTech Association (SFA), a cross-industry, non-profit association that aims to be a platform for collaboration between all market participants and stakeholders in the financial technology ecosystem. Established in… Read More

February 27, 2018 @ 12:13 pm By Samantha Hurst  |  

trueEX, a New York-based electronic, CFTC-regulated exchange for interest rate swaps, announced on Tuesday it has opened a Singapore office to provide trading access for interest rate swaps denominated in 28 currencies, including 11 in the Asia-Pacific region. The company reported that on the back of significant volume growth, dealer… Read More

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