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337

Nigeria moves trade to the cloud with Misys and Interswitch

By Interswitch

With calls for a diversification and deepening of the Nigerian trade sector to offer options for varied investor tastes and boosting of the economy, Thursday, June 1 2017 witnessed the launch of a Digital Cloud-hosted Trade Solution for the Nigerian Market called Misys Fusion Banking Trade Innovation Software. (more…)

Banks, Hotnews, InspirAsia

June 5, 2017

346

Claim your chance for free access to Taobao Crowdfunding for your hardware startup

By Manny Lee for TechNode

TechCrunch Shenzhen is working with Taobao Crowdfunding to help startups find a smoother way to the market. (more…)

Crowdfunding/investing, Deals, InspirAsia

June 5, 2017

482

OCBC BANK LAUNCHES CASHLESS QR CODE PAYMENTS WITH ITS FIRST STANDALONE MOBILE PAYMENTS APP

OCBC Press release,

The popular OCBC Pay Anyone e-payment services – which includes a new QR code cashless payment service – are consolidated into a standalone mobile app for our customers’ convenience (more…)

Banks, Cashless, Global trends, Hotnews, InspirAsia

June 5, 2017

464

TOP100: Final Call for Applications for Echelon Asia Summit TOP100 Startup Programme!

Promoted event by e27.com

e27 ‘s spotlight pitching competition, TOP100 Powered by Echelon Connect, is looking for 100 of the most promising pre Series A startups in the Asia Pacific region. (more…)

Global trends, InspirAsia

June 1, 2017

418

Mobile money provides boost to Kenyan farmers

Ditching cash in favour of mobile payments for loan repayments provides huge benefits to Kenyan farmers, reducing costs, uncertainty, inefficiency and insecurity, a new UN study shows. (more…)

Global trends, Hotnews, InspirAsia

June 1, 2017

631

Ravi Menon, Managing Director of MAS, is Re-appointed to the MAS Board of Directors

By Crowdfund Insider

Ravi Menon, current Managing Director of the Monetary Authority of Singapore (MAS), has been re-appointed to the MAS board of directors. His term on the Board has now been extended to June 1, 2019. (more…)

Influences FinTech, InspirAsia, People of fintech

June 1, 2017

574

Opportunities for Fintech Startups in Singapore

The “American Dream” was one of those overused buzzwords until a few decades ago. (more…)

InspirAsia

May 30, 2017

579

Alibaba To Lead $1B Investment in Ele.me

Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese food delivery service. (more…)

Deals, eWallets, Hotnews, InspirAsia

May 29, 2017

417

Singapore Marketplace Lender Capital Match Facilitates S$40M+ in Cumulative Origination

Capital Match announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. (more…)

Fintech news, InspirAsia, p2p/online lending

May 26, 2017

412

Naspers leads $5 million round in Coins

By Naspers

Coins, Southeast Asia’s leading blockchain-enabled mobile payments platform, announced today the closing of a $5 million fundraise led by Naspers through its Naspers Ventures division, bringing the total amount raised in its Series A to over US$9.4M. (more…)

Blockchain, Deals, Hotnews, InspirAsia

May 25, 2017

484

Indonesia’s second largest telco shuts down its ecommerce site

By Nadine Freischlad for Tech in Asia

It’s part of the telco’s shift in strategy away from launching new business units in-house. Instead, it’s collaborating with experienced partners and focusing on core strengths, he told Tech in Asia. (more…)

Global trends, InspirAsia

May 25, 2017

345

JD.com Leading The Way For Drone Delivery

By James Sands for Seeking Alpha

Summary

  • JD.com recently announced a drone delivery network to be implemented in the Shaanxi province in China.
  • The company reported very robust first quarter results for the first quarter of 2017; the stock price is up nearly 60 percent for the year.
  • If implementation of the drone delivery network is successful, it will be a major accomplishment for the newly established JD Logistics unit.

(more…)

Global trends, Influences FinTech, InspirAsia

May 25, 2017

371

India’s emerging as Asia’s next manufacturing hub. Singaporean firms welcome.

By Pearl Lee for Tech in Asia

On top of the Taj Mahal, India boasts other gems – Mumbai is the finance capital and Bangalore is said to be India’s Silicon Valley. Their steady growth has been led by fast-paced urbanization and high consumption. But the Indian government has plans to transform India’s economy and develop manufacturing capabilities to meet domestic and international demand. (more…)

Global trends, InspirAsia

May 24, 2017

303

Singapore start-up Sea opts for US listing

BY Jeevan Wasakar for Financial Times
HK and Singapore lose prized IPO despite efforts to attract tech companies

(more…)

Global trends, InspirAsia

May 24, 2017

373

Paytm Launches Payments Bank To Serve The Underserved In India

By PYMNTS

Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. (more…)

Banks, eWallets, InspirAsia

May 23, 2017

349

BankThink Open banking is inevitable. Let’s rethink data security, too

By Kevin Paul Murphy for American Banker

The move to the digital marketplace is no longer aspirational but inevitable for the modern financial enterprise. It is now more accurate to describe a bank as a technology company. But the change in identity means banks must adjust the way they ensure the security of their enterprise. (more…)

Banks, Hotnews, InspirAsia, Open Source/ API

May 23, 2017

340

291

Poor business ethics, lack of innovation are key reasons for failure of startups in India: IBM study

By Sainul Abudheen K for e27

Majority VCs surveyed believe that many Indian startups lack pioneering innovation and are prone to emulate already successful global ideas (more…)

Global trends, InspirAsia

May 22, 2017

439

SoftBank Vision Fund Now Over $93 Billion

By Crowdfund Insider

The SoftBank Vision Fund announced its first major close yesterday with over U.S. $93 billion of committed capital. (more…)

Deals, Hotnews, Influences FinTech, InspirAsia

May 22, 2017

355

Chinese P2P Lender Dianrong Links with Maggie Ng to Launch Global Fintech Marketplace

By

Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

May 19, 2017

431

Sumitomo Mitsui rolls out messaging app bot

The Sumitomo Mitsui Financial Group has developed an AI chatbot that will answer customer questions over Line, the popular Japanese messaging app. (more…)

Banks, Bots, Hotnews, InspirAsia

May 19, 2017

380

Paytm to open new Payments Bank next week

Indian mobile wallet giant Paytm is to open its new Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of the Government’s relaxing of restrictions on bank licensing in an effort to boost financial exlusion. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 19, 2017

701

Asian fintech: Expansion, expansion and yet more expansion

By the Fintech Times

Fintech is strong in Asia.

  • The region retains 40% of all global capital invested in the sector.
  • Six out of seven of the largest fintech companies worldwide come from Asia.
  • The biggest Asian hubs (Singapore, India and China) are becoming the centres of global fintech innovation and adoption.

(more…)

Hotnews, InspirAsia

May 18, 2017

1263

WeChat just launched a search engine. Baidu should worry.

By TIA

Chinese search giant Baidu has had it good. For years, the tech firm has enjoyed a near monopoly of the country’s multi-billion dollar search market. Domestic competitors Sogou and Easou trail behind, each with less than 10 percent market share. Google, its most threatening rival overseas, withdrew from China in 2010, citing hacks by the Chinese government. (more…)

eWallets, Global trends, Influences FinTech, InspirAsia

May 18, 2017

389

Ex-Tandem CTO onboard for Dubai-based digital bank

The former CTO of UK challenger Tandem has joined forces with experienced execs from the more traditional banking sector to build a digital-only bank in Dubai. (more…)

Banks, InspirAsia, Mobile payments/banking, Mobile-first banks

May 18, 2017

Singaporean fintech startup 4xLabs secures $1.5m for global expansion

By Jack Ellis for TIA

Singapore-based 4xLabs closed a pre-series A round worth US$1.5 million, it announced today. (more…)

Deals, InspirAsia

May 16, 2017

432

474

Alibaba Invests In Its First Fintech Company In Hong Kong

As reported by Forbes today, Alibaba has invested in online invoice exchange marketplace Qupital, marking the Chinese e-commerce giant’s first foray into fintech investment in Hong Kong. Qupital raised a total of $2 million in its seed round. (more…)

Cashless, Deals, eWallets, Hotnews, InspirAsia

May 16, 2017

277

Chinese Celebrity-Backed Fintech Firm QuantGroup Considering US IPO

Fintech company QuantGroup, which was founded by several notable Chinese movie stars, is considering a US IPO, according to an article published in Bloomberg last week. The firm is looking to raise an estimated $200 million according to unnamed sources. (more…)

Deals, Global trends, Hotnews, InspirAsia

May 16, 2017

361

Indonesian P2P lending platform Taralite raises US$6.3M, aims to build “world class” R&D team

Starting out as loan platform for personal life events such as weddings and Hajj pilgrimage, Taralite now focusses on providing working capital for small online businesses.

Jakarta-based P2P lending platform Taralite today announced that it has a raised a funding round from Japanese fintech conglomerate SBI Group. (more…)

Global trends, Hotnews, InspirAsia

May 15, 2017