Tagged: india

Dubai International Financial Centre Announces New Fintech Partnership With Startupbootcamp

Dubai International Financial Centre (DIFC) announced on Tuesday it has formed a new partnership with Startupbootcamp to support the development of the growing fintech and venture capital ecosystem in the Centre as well as promote entrepreneurship in the region. According to the organization, this partnership… Read More

India’s Kerala District Trying Several Types of Industry Blockchain

The Kerala Development and Innovation Strategic Council (K-DISC), an advisory board tasked with finding technological ways to enhance the economy in the southwestern coastal Indian state Karala, has undertaken two blockchain initiatives to streamline operation in food distribution and farm insurance, Business Standard reports. The… Read More

Tweets by “Blockchain Lawyer” Indicate Reserve Bank of India Decided to Restrict Banking Services to Blockchain Companies with Little Research

In April of this year, the Reserve Bank of India (RBI) commented on the status of cryptocurrencies. The RBI stated “we have decided to ring fence the RBI regulated entities from the risk of dealing with entities associated with virtual currencies. They are required to… Read More

The Monetary Authority of Singapore & Department of Economic Affairs in India Sign MOU on Fintech

The Monetary Authority of Singapore (MAS) and the Department of Economic Affairs in India have signed a Memorandum of Understanding (MOU) to further Fintech cooperation between the two countries. Singapore has an extended history in establishing bilateral relationships regarding its pursuit of Fintech growth.  The… Read More

PayPal & Temasek Acquires Minority Take in India Digital Retail Payments Platform Pine Labs

Pine Labs, an India-based digital payments platform, announced on Thursday Temasek, a global investment company headquartered in Singapore, and PayPal Holdings Inc., have acquired minority stakes in the company for a combined $125 million. The latest investment comes just a couple of months after Pine Labs secured $82… Read More

India Insurtech Acko Secures $12 Million Through Latest Investment Round Led By Amazon

Acko, an India-based insurtech firm, announced this week that it raised $12 million through its latest investment round, which was led by online retailing giant, Amazon. Founded in 2017 by Varun Dua, Acko describes itself as a digital insurance company that is looking to redefine insurance… Read More

P2P Lender Faircent.com Receives NBFC-P2P Certification from Reserve Bank of India

P2P lender Faircent.com has received NBFC-P2P certification from the Reserve Bank of India (RBI), reportedly the first P2P lending platform in the country to receive the certificate of registration as an NBFC-P2P by the national regulator. Faircent.com anticipates that the RBI certification will help Faircent.com gain… Read More

FinTech Hive at DIFC Opens Applications For 2018 Accelerator Program

FinTech Hive at DIFC, a fintech accelerator that was established by the Dubai International Financial Centre (DIFC), announced over the weekend that it is now accepting applications for its 2018 program, kicking off a competitive search for the top fintech and insurtech innovators in the region…. Read More

Emirates NBD Teams Up With Fintech Platform CCRManager to Strengthen Trade Finance Capabilities

India-based banking group Emirates NBD announced on Wednesday it has joined forces with fintech platform CCRManager to further strengthen trade finance capabilities. According to the bank, the partnership announcement aligns with its digital strategy as it seeks to lead innovation in digital banking in the… Read More

Dubai Financial Services Authority Announces Fintech Innovation Testing Program Expansion

The Dubai Financial Services Authority (DFSA) announced on Wednesday the expansion of its Innovation Testing Licence (ITL) programme in response to continued interest in fintech and the digital economy. According to DFSA, the ITL program enables firms to test innovations in fintech in or from the… Read More

Deutsche Bank Seeks to Accelerate Open Banking Strategy By Acquiring India-Based Fintech Startup Quantiguous Solutions

Deutsche Bank announced on Tuesday it has acquired Quantiguous Solutions, an India-based software company, to strengthen its Global Transaction Banking franchise. Deutsche reported that with the help of Quantiguous it will accelerate the development of its Open Banking platform that forms the core for developing innovative… Read More

Department of Economic Development & Dubai Silicon Oasis Authority Announces Blockchain Commercial Registry Project

On Tuesday, the Department of Economic Development (DED) in Dubai and Dubai Silicon Oasis Authority (DSOA) unveiled a joint blockchain project that was developed in collaboration with Smart Dubai and IBM to improve ease of doing business in Dubai and facilitate foreign direct investments. According… Read More

Venezuela Offers India Discount on Crude Oil- Must Pay in Petro Cryptocurrency

In what is likely a combined attempt to sidestep US sanctions and compete with Middle East oil suppliers, Venezuela has offered India a 30% discount on crude oil if the country pays for the oil in El Petro, Venezuela’s controversial new cryptocurrency, says Business Standard. Venezuala… Read More

Asian Fintech EMQ Announces Collaboration With Kotak Mahindra Bank to Expand Network Footprint in India

EMQ, a fintech firm with an extensive financial settlement network in Asia, announced on Tuesday a strategic partnership with Kotak Mahindra Bank to expand EMQ’s network footprint in India. This partnership will aid in meeting the growing demand for instant remittances to the country from more… Read More

Xiaomi Launches Crowdfunding Platform in India

Chinese smartphone developer Xiaomi announced plans to launch a new crowdfunding platform in India called Mi Crowdfunding. India is reportedly the second country Xiaomi has introduced crowdfunding to test new products. Through the new funding portal, Xiaomi can fund and sell the products launched. Xiaomi… Read More

India P2P Lender Finzy Secures $1.3 Million Through Pre-Series A Funding Round

Finzy, an India-based peer-to-peer lending platform announced on Wednesday it secured $1.3 million through its Pre-Series A funding round. Founded in 2016, Finzy describes itself as a premier peer-to-peer lending solution that connects borrowers looking for quick personal loans with low-interest rates to investors who… Read More

MobiKwik & Yes Bank Tapped for Microsoft Kaizala Digital Payments; MobiKwik’s Vineet Singh Resigns

Digital payments services are now live on India’s Microsoft Kaizala. By integrating the payment and both organizations’ mobile payment infrastructure services of Yes Bank and MobiKwik, Microsoft Kaizala users may swiftly send or receive money without having to leave the Kaizala mobile app. With Microsoft Kaizala, users will… Read More

InstaReM Announces Launch of Money Transfer Operations from India

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Monday it has launched outbound money transfer operations from India. This is being done through InstaReM’s partnership with DCB Bank Limited, an Authorised Dealer Category-I Bank, as per the Reserve Bank of India (RBI)’s… Read More

Dubai International Financial Centre Reports Fintech Ecosystem Gains Further Momentum in 2018

Dubai International Financial Centre (DIFC), an international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced on Monday important developments in its Fintech ecosystem that further strengthen its position as MEASA’s number one and one of the world’s top ten FinTech… Read More

India-Based Online Lending Platform Avail Finance Secures $17 Million in Equity & Debut Funding

Avail Finance, an India-based app-only online lending platform, has successfully secured $17 million in both equity and debt funding. The company stated that venture capital fund Matrix Partners led equity round while  Ola founders Bhavish Aggarwal and Ankit Bhati, Flipkart’s co-founder Binny Bansal, Kunal Shah, co-founder of Freecharge;… Read More