October 14, 2019 @ 12:00 am By JD Alois  |  

FinovateAsia is returning to Singapore, one of the world’s leading fintech hubs. The city has all of the key elements needed to drive fintech innovation, including strong governmental support, an atmosphere of collaboration – both between incumbents/startups and tech/finance – and a deep pool of… Read More

July 12, 2019 @ 8:38 am By Samantha Hurst  |  

Singapore-based Pundi X announced on Friday it has completed integration support of its XPOS module on X990 made by U.S.-based Verifone. Pundi X reported that with this integration, shops and retail outlets using the Verifone X990 with XPOS module activated will now be able to… Read More

July 10, 2019 @ 8:24 am By JD Alois  |  

Special purpose acquisition company (SPAC) 8i Enterprises Acquisition Corp. (NASDAQ: JFK) has entered into a definitive share exchange agreement with Diginex Limited. The deal claims to engender the largest publicly traded blockchain company in the US – once it closes. JFK is a BVI company… Read More

July 6, 2019 @ 5:51 pm By JD Alois  |  

Crowdfunding on PitchIn, Qeos LED plans to raise sufficient capital and then plan a public listing in Singapore later this year or in early 2020, according to a report in Digital News Asia. If the company is successful in their ambition, Qeos will be the… Read More

July 5, 2019 @ 9:09 am By JD Alois  |  

PayU, Naspers’ payments firm, is expanding into Southeast Asia through the acquisition of a majority stake in Red Dot Payment (RDP), a Singapore-based online payment Fintech. RDP currently serves more than 500 merchants in 22 countries. RDP supports global and local alternate payment methods such… Read More

July 5, 2019 @ 8:30 am By JD Alois  |  

Payments and transfer Fintech InstaReM has launched an API-based digital platform that will enable start-ups, Fintech companies, and other corporations to launch their own branded cards. InstReM says its “card issuing platform” will offer next-generation digital payments as a B2B solution. InstaReM’s customers may now… Read More

July 5, 2019 @ 6:49 am By JD Alois  |  

Ethis Dubai, part of the Ethis Group of crowdfunding platforms headquartered in Singapore, has announced its participation in the Dubai “Real Estate Investment Opportunities” (REIOs) launched by Dubai Land Development. Ethis said the initiatives came at a time when the Dubai property market is at… Read More

July 2, 2019 @ 3:54 pm By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it is set to launch an installment payment plan (IPP) on Shopee, an e-commerce platform in Southeast Asia and Taiwan. According to Wirecard, the IPP will be rolled out to selected Shopee sellers… Read More

July 2, 2019 @ 1:59 pm By Samantha Hurst  |  

Kyber Network, a Singapore-based decentralized cryptocurrency exchange, announced on Tuesday it has surpassed 827,000 ETH in total transaction volume, and one million tokens burned within the first year of launching its platform. Kyber Network reported that fifty-seven blockchain-based applications including MyEtherWallet, Decentraland, and Coinbase wallet… Read More

July 1, 2019 @ 3:26 pm By Samantha Hurst  |  

Singapore Life, a Singapore-based insurtech startup, has reportedly received a $90 million investment from Sumitomo Life Insurance. Founded in 2014, Singapore Life describes itself as a life insurance company fully licensed by the Monetary Authority of Singapore that is built on the belief that “the… Read More

July 1, 2019 @ 3:14 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) will issue five new “digital bank licenses” according to the financial regulator. MAS said this was in addition to any existing Singapore banks which may also offer digital banking under existing rules. MAS said the new rules extend digital… Read More

June 29, 2019 @ 8:10 am By Cali Haan  |  

On Thursday, a hacker “exploited a vulnerability in (the Bitrue exchange’s) Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users,” according to a tweet thread from Singaporean crypto exchange Bitrue. This initial attack was quickly repeated on the… Read More

June 21, 2019 @ 9:22 am By JD Alois  |  

Singapore based Algorand successfully raised $60 million in a dutch auction token sale this week. The Algorand Foundation said the auction was “met with overwhelming demand” as they distributed the first 25 million Algos to global auction participants. Algorand boldly claimed this was the “start… Read More

June 16, 2019 @ 5:00 pm By X.Y. Ng  |  

The Fintech space has seen significant investment growth in recent years. Out of 310 private companies valued at over US$1 billion globally, 10 percent are in the Fintech sector, according to CB Insights. Only two other sectors claim a larger share of the unicorn pie,… Read More

June 10, 2019 @ 11:42 pm By JD Alois  |  

BDO Australia has formed a partnership with Decentralised Capital to provide auditing and assurance services to the blockchain and crypto asset sector. The move was described as likely to boost institutional interest in the emerging sector of Fintech. Decentralised Capital is a specialist blockchain firm… Read More

June 7, 2019 @ 12:05 am By JD Alois  |  

The Algorand Foundation has announced its Dutch Auction will take place on June 19th. The Foundation said this will be the first of a series of auctions for the Algo the native token of the Algorand platform. The Algorand Foundation has a vision of a… Read More

June 5, 2019 @ 5:09 pm By X.Y. Ng  |  

Peer-to-peer (P2P) lending is a form of crowdfunding, a method of raising capital that is nowadays often facilitated via the internet. Rather than rely on large amounts of funding from a handful of entities, crowdfunding uses small investments from a large pool of individuals. For… Read More

May 29, 2019 @ 11:46 am By JD Alois  |  

TransferMate, a cross-border B2B payments providers, has secured its first regulatory approval in Asia with a payments license in Singapore. TransferMate claims to hold one of the largest portfolios of payments licenses in the world. This includes all 50 US states plus territories, to support… Read More

May 28, 2019 @ 2:02 pm By JD Alois  |  

For years, there has been a discussion regarding the initial public offering (IPO) conundrum. Back in the day, smaller investors could join alongside institutional money to capture wealth in an IPO. Today, too frequently, that is simply not the case. The big money has been… Read More

May 20, 2019 @ 8:30 am By JD Alois  |  

Announced last week, the Securities Commission Malaysia revealed updated regulations as well as the approval of 8 new “Regulated Market Operators” serving the investment crowdfunding – peer to peer financing market. Included in the list of approved platforms of the first Islamic Equity Crowdfunding license,… Read More