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125

Switzerland-Based Fintech Crealogix Announces Asia/Pacific Region Expansion

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 to regional retail banks and rising financial services providers, it also supports European private banks in the implementation of software solutions specifically for the Asian market. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

November 18, 2017

149

Monetary Authority of Singapore Publishes Guidance on Initial Coin Offerings

The Monetary Authority of Singapore (MAS) has published a document providing guidance on Initial Coin Offerings (ICOs). Entitled “a Guide to Digital Token Offerings,” the document seeks to clarify when an ICO is in fact a security, and thus regulated and the application of securities laws.  MAS published a statement in August warning issuers and offering platforms that ICOs may be regulated in an approach similar to the US SEC. The statement was followed with a warning to investors to be cautious in backing tokenized offerings. (more…)

Banks, Global trends, Government activities, InspirAsia

November 16, 2017

Singaporean payments startup shifts to business clients with $1m fundraise

Singaporean startup iPaymy has raised US$1 million in a seed round led by Beenext and Digital Garage’s investment arm, DG Incubation. (more…)

InspirAsia, Payment processors/providers/gateways

November 16, 2017

143

Singapore’s central bank to pour $20m into AI and data as it pushes fintech growth

The Monetary Authority of Singapore (MAS) continues bringing finance and technology closer together, making sure that Singapore’s financial industry doesn’t miss the fintech train. (more…)

Banks, Deals, Fintech news, Government activities, InspirAsia

November 14, 2017

114

UOB first in Asia with Fitbit Pay

United Overseas Bank’s (UOB) cardmembers will be the first in Asia to be able to make Fitbit PayTM contactless payments through the new Fitbit IonicTM smartwatch. (more…)

Banks, Bots, Fintech news, Global trends, InspirAsia

November 14, 2017

114

OCBC taps ThetaRay for AI-based AML screening project

By OCBC

On any one typical work day, an OCBC Bank anti-money laundering (AML) compliance analyst would log into the bank’s transaction monitoring system and find up to hundreds of potentially suspicious transactions he or she had to review. (more…)

Banks, Global trends, InspirAsia

November 13, 2017

201

JD.com: Unprecedented Growth Ahead

By David Krejca for Seeking Alpha

Summary:

JD.com is a rapidly growing Chinese e-commerce business which has underperformed compared to its peers.

This might change soon and the company is expected to turn profitable this year and trades at an extremely low price-to-sales multiple.

My valuation model suggests that JD’s shares could appreciate by as much as 70 percent annually over the next three years.

(more…)

Analytics, Global trends, Hotnews, InspirAsia

October 23, 2017

234

Japan and blockchain tech are a match made in heaven

By Jack Ellis for Tech in Asia

Blockchain is about a whole lot more than cryptocurrencies. But it was inevitable that digital tokens would dominate a discussion at Tech in Asia Tokyo 2017 on the impact that blockchain tech is having on Japan’s financial services industry. (more…)

Cryptocurrencies, Fintech news, Hotnews, InspirAsia

October 5, 2017

351

ZhongAn launches insurtech concept to world

Investors excited about idea of merging insurance with big data and internet sales.
ZhongAn Online Property and Casualty Insurance begins trading in Hong Kong this week, launching into public markets a hot emerging asset: the insurance technology, or insurtech, company. The Shanghai-based group, which made a splash in China in 2014 selling quirky insurance products, raised $1.5bn last week, valuing the group at up to $10bn. (more…)

Hotnews, Influences FinTech, InspirAsia, Insurance

September 25, 2017

147

Asia-Pacific Alternative Finance Rises to a Quarter Trillion Dollars in 2016 led by China

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it rose to $245.28 billion delivered mainly by the huge China market. The alternative finance sector in Asia-Pacific totaled $102.8 billion in 2015, the first year for the survey. The research is based on data collected from 628 platforms across the Asia-Pacific region, including 463 from China and 165 platforms from the wider region. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

September 20, 2017

SEC Thailand’s Viewpoint on ICO

by Fintechnews.sg

he Securities and Exchange Commission, Thailand (SEC Thailand) has been following the development and the growing popularity of initial coin offerings (ICO). (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews, InspirAsia

September 20, 2017

193

In Asia Pacific, Cash Usage Swell With Growth of ATMs

By PYMNTS

In the Asia-Pacific, cash is fighting tooth and nail with emerging digital payment methods and is seemingly winning the race. (more…)

Analytics, Hotnews, InspirAsia

September 18, 2017

JD.com, JD Finance and Central Group to Launch E-commerce and Fintech Services Joint Ventures in Thailand

 

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Partnership between Thai retail giant and leading Chinese e-commerce and fintech companies to reshape Thailand online retailing and finance landscapes (more…)

Deals, InspirAsia

September 15, 2017

211

Dubai and Malaysia ink fintech cooperation agreement

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) last week entered into an agreement to cooperate in the development of financial technology (FinTech) innovation. (more…)

Government activities, Hong Kong, Hotnews

September 13, 2017

240

China’s ICO ban makes more sense in light of its history with fintech

By Nik Milanovic for Techcrunch

China’s decision to freeze fundraising through initial coin offerings continues to roil markets, but the regulatory decision may not be as controversial as the response from the bitcoin community would lead observers to believe. (more…)

Cryptocurrencies, Global trends, Hotnews, InspirAsia

September 13, 2017

256

Hong Kong-based ewallet locks in $115m for Southeast Asia expansion

By Nadine  for Tech in Asia

Hong Kong-based TNG Wallet says it has locked in a “record-breaking” US$115 million series A investment to accelerate expansion across Southeast Asia and South Asia. (more…)

eWallets, Hotnews, InspirAsia

September 11, 2017

196

Samsung Pay hits $9 billion of transactions in South Korea

Samsung Pay has driven its home advantage and processed 10 trillion won ($8.8 billion) in accumulated transaction volume in South Korea, the company has announced. (more…)

Hotnews, InspirAsia, p2p-payments

September 8, 2017

569

Alibaba debuts ‘smile to pay’ facial recognition payments at KFC in China

By Jon Russel for TechCrunch

China is streets ahead when it comes to digital payments. The latest leap is facial recognition technology that allows a customer to pay by literally flashing a smile. (more…)

eWallets, Hotnews, InspirAsia, Payment processors/providers/gateways

September 4, 2017

241

Dianrong Teams Up With FinEX Asia Launch Fintech Asset Management Platform

On Wednesday, Dianrong announced it has teamed up with FinEX Asia to launch what it claims to be Asia’s first fintech asset management platform. According to the duo, FinEX Asia combines its risk management expertise with Dianrong’s fintech capabilities to give Asian investors access to a diverse and attractive portfolio of U.S. consumer lending assets. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

August 31, 2017

389

Alipay connects with Yelp

By Yelp

Alipay, one of the world’s leading digital payment platforms, and Yelp Inc., the company that connects consumers with great local businesses, have partnered to bring Yelp’s local content to millions of Chinese travelers directly within Alipay’s mobile lifestyle app. (more…)

Hotnews, InspirAsia, Payment processors/providers/gateways

August 17, 2017

387

DBS Bank launches online car selling marketplace

By DBS

Singapore’s DBS Bank is taking advantage of new regulatory freedoms to launch an online marketplace for people to buy and sell cars. (more…)

Banks, Fintech news, Hotnews, InspirAsia

August 17, 2017

332

Report: Peoples Bank of China Expected to Regulate P2P Lenders, Payment Firms

The People’s Bank of China (PBOC) is expected to strengthen the regulation of internet finance firms including peer to peer lenders and payment platforms. (more…)

Government activities, InspirAsia, p2p/online lending

August 9, 2017

Online Lender Dashu Raises 800 Million Yuan

By Cole Lyons

The Chinese Fintech Company, Dashu, has recently announced the completion of a 800 M Yuan ($115 M USD) series C round with some big names backing the company. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

July 10, 2017

361

Mizuho completes DLT-based trade finance transaction

Mizuho has completed a trade finance transaction between Australia and Japan, digitising all necessary documentation and sharing the data with multiple participants across a distributed ledger. (more…)

Banks, Blockchain, InspirAsia

July 10, 2017

440

IZettle eyes IPO

Having doubled revenues and slashed losses last year, Swedish mPOS outfit iZettle says that it is preparing for a potential IPO. (more…)

Fintech news, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017

340

India: Axis Bank in talks to buy digital payment platform FreeCharge

Axis Bank has emerged as the frontrunner to buy Snapdeal-owned mobile wallet FreeCharge, according to a report in The Economic Times citing three people aware of the development. (more…)

Banks, Global trends, Hotnews, InspirAsia

July 10, 2017

433

Stripe inks global partnerships with China’s Alipay, WeChat Pay

By Anna Irrera for Deal Street Asia

Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. (more…)

Cashless, Deals, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017

372

Ayondo opens for business in Spain

By Ayondo

Financial technology group ayondo has launched business in Spain with offices in Barcelona and Madrid, marking the group’s development of the third core retail distribution market after Germany and the United Kingdom. (more…)

Hotnews, InspirAsia, p2p/online lending

July 4, 2017

481

Singapore startup Instarem raises $13m to take remittance business away from banks

By  for Tech in Asia

Cross-border remittances amounted to a whopping US$575 billion last year – the bulk of it going to developing countries as migrant family members sent money home or companies sent payments to workers abroad. (more…)

Hotnews, InspirAsia, Remittances

July 4, 2017

465

Online lending platform gets $3m from Vertex to make a play for Indonesia

By Jack Ellis for Tech in Asia

Singapore-based fintech startup Validus Capital has received US$3 million in funding from venture capital firm Vertex Ventures along with an additional US$600,000 from angel investors, it announced today. (more…)

Deals, Hotnews, InspirAsia, p2p/online lending

July 3, 2017