Tagged: asia

December 20, 2016 @ 9:16 am By Samantha Hurst  |  

Hong Kong is set to host the Next Money Fintech Final 2017 as part of the StartmeupHK Festival. The event, which is brought to the community by credit card giant Visa, will be held on January 18-19th 2017 at the PMQ and is expected to host… Read More

December 16, 2016 @ 11:28 am By JD Alois  |  

The trial against Ezubao, once a high-flying peer to peer lending platform, has commenced.  The Beijing People’s Protectorate has started proceedings against Ezubao and its parent company Yucheng Holdings and Yucheng Global.  This is according to a report in China News. Apparently, 10 individuals will… Read More

December 15, 2016 @ 7:00 am By xu gao  |  

China Insurance Regulatory Commission Calls Halt to Online Insurance business of Foresea Life Insurance & Five Other Insurance Companies On the of 5th December, the China Insurance Regulatory Commission (CIRC) called a halt to the online insurance business of Foresea Life Insurance for irregularities and… Read More

December 14, 2016 @ 10:56 am By Samantha Hurst  |  

Unkapt, an Australia-based fintech startup, announced this week it is launching in Southeast Asia. The company stated it is an alternative lending, cross-border capital raising platform offering APAC small and lower middle market issuers (SMEs) the opportunity to use innovative financing to raise capital among a network… Read More

December 13, 2016 @ 7:37 am By JD Alois  |  

Singapore-based Kapital Boost, an Islamic SME crowdfunding platform, has received a Shariah pronouncement from the Financial Shariah Advisory & Consultancy (FSAC) on its “Murabaha” crowdfunding structure. Murabaha is an acceptable form of credit sale under Islamic religious law. Financial Shariah Advisory and Consultancy (FSAC) was introduced… Read More

December 12, 2016 @ 11:04 am By Samantha Hurst  |  

Mediapreneur and FundedHere have formed a strategic partnership to provide seed funding for media-related startups through FundedHere’s crowdfunding platform. The two companies stated that through the partnership, Mediapreneur-supported startups would be listed on FundedHere, which is expected to give them a wider platform to attract capital…. Read More

December 9, 2016 @ 6:06 pm By Xu Gao  |  

China Minsheng Financial Holding Corporation Limited (CMFH) Plans to Acquire a Fintech Company. On the 30th November, China Minsheng Financial Holding Corporation Limited (CMFH) announced its intent to acquire a Fintech company. CMFH believes that such an acquisition will improve its capacity in Fintech development,… Read More

December 2, 2016 @ 10:11 am By Samantha Hurst  |  

Chinese peer-to-peer lending platform, Dianrong, announced on Friday it is officially joining blockchain alliance, the Hyperledger Project. The portal claimed to be the first peer-to-peer company among the project’s 22 Chinese members. The Hyperledge Project, which was established by the Linux Foundation at the end… Read More

November 30, 2016 @ 2:47 pm By Xu Gao  |  

China’s Leading Auto Financing Companies Set-up Self-Regulating Organization in Shenzhen. On the 23rd November, auto financing self-regulatory regulatory group “Che Dai Quan” (literally meaning auto financing group) was set up in Shenzhen. A number of leading auto financing companies joined this organization, including; RRJC, touna,… Read More

November 28, 2016 @ 9:53 pm By JD Alois  |  

Singapore-based FundedHere is listing S$2 million worth short term crowdfunded bonds (ListCo Bonds) for Metech International (SGX:QG1 – MeTech).  This past July, FundedHere announced its intent to help SGX listed companies sell bonds to raise capital. MeTech is now the first company to leverage this funding… Read More

November 28, 2016 @ 9:48 am By JD Alois  |  

Singapore based SmartFunding has received S$700,000 (about USD$ 500,000) in seed funding. The round was led by Fintech Asia Group, part of listed venture firm Fatfish Internet Group (ASX: FFG). The “peer to business” platform was set up to bridge the financing gap for SMEs to… Read More

November 28, 2016 @ 7:43 am By JD Alois  |  

OurCrowd, a global leader in investment crowdfunding, has announced the official opening of its office in Singapore. The new office will help OurCrowd expand its operations across Asia by connecting Asian investors will promising early stage companies from around the world. OurCrowd also announced the… Read More

November 27, 2016 @ 7:08 pm By JD Alois  |  

Coinciding with the inaugural Singapore Fintech Festival, BNY Mellon opened its 8th “innovation center” in recognition of the growing dominance of Singapore in the Fintech race. The opening was announced earlier this month when Stephen Lackey, Chairman of Asia Pacific for BNY Mellon, explained; “The opening… Read More

November 24, 2016 @ 11:00 am By Jessica Pham  |  

Alternative finance startup OpenTap is aiming to disrupt an environment where many creditworthy borrowers do not have access to short-term personal loans from the traditional financial services sector.  Founded in 2015, OpenTap is based in Chennai, India and seeks to grant access to short-term credit for… Read More

November 24, 2016 @ 10:00 am By Jessica Pham  |  

Bank Indonesia (BI) in Jakarta announced last week the opening of its Fintech office, which will aim to evaluate existing and conduct research on new fintech models, products, and services.  The office not only allows the central bank to maintain its risk management and consumer protection… Read More

November 23, 2016 @ 7:58 am By Xu Gao  |  

JD Finance Has Been Carved Out of JD.COM On November 15th, JD.COM announced it would transfer/sell all the shares it held in JD Finance. In other words, JD.COM will no longer be the legitimate owner of JD Finance. This corporate reorganization was said to make… Read More

November 21, 2016 @ 9:39 am By JD Alois  |  

Singapore is on a mission to become the global leader in Fintech innovation. From fast-tracking the creation of a regulatory Sandbox to launching the largest Fintech hub in the world, Singapore envisions a world-leading ecosystem – not just a regional hub. As part of the… Read More

November 20, 2016 @ 12:07 pm By Jihoon Yeon  |  

The Amendments to the Financial Investment Services and Capital Markets Act (the Capital Markets Act) passed the South Korean Parliament in July 2015 and went into effect on January 25th, 2016, laying the framework for investment crowdfunding in South Korea. The adoption of investment crowdfunding… Read More

November 20, 2016 @ 9:03 am By JD Alois  |  

The Korea Exchange (KRX) has launched the Korea Startup Market (KSM) a service that provides a marketplace where the shares of early stage companies can be traded in the public market. As part of the launch, the KSM is utilizing the technology of Korean blockchain startup… Read More

November 19, 2016 @ 5:06 pm By Jessica Pham  |  

Accenture recently highlighted that Fintech investments in the Asia-Pacific region have accelerated over the past six years, growing from $103 million in 2010 to nearly $10.5 billion by the end of September 2016. Fintech investments in Asia are outpacing those in Europe and the U.S…. Read More