Posts Tagged ‘Asia’

AsiaKredit’s Philippine fintech pera247.ph raises USD2.5 million to date after recent investment round led by leading global technology investment firm SIG Asia Investments

AsiaKredit, a digital consumer lender focused on Southeast Asia, today announced that it has raised USD2.5 million since its launch in November 2017 after the latest investment from global technology investment firm SIG Asia Investments. Through its pera247 mobile application launched in the Philippines in November last year, AsiaKredit currently provides unsecured small-ticket, short-term consumer loans […]

21 FinTech Firms Sign up to Make CEZA a Blockchain and Cryptocurrency Hub

At least 21 offshore companies in the FinTech sector have signed up with the Cagayan Special Economic Zone Authority (CEZA) after the CEZA Fintech Summit 2018 in the Philippines. According to CEZA CEO and Administrator, Raul Lambino, the state agency is seeking to make the Cagayan Valley a ‘FinTech City’ or Asia’s Silicon Valley. Despite the tight […]

New AI-powered investment app to focus on Hong Kong millennials

Financial services provider CFSG has launched Hong Kong’s first artificial intelligence-powered financial investment app targeted at millennials, in a strategic partnership with broadband provider HKT. The app, named Alpha i, promises to execute trades in as fast as 0.8 milliseconds. Alpha i also claims to use “Nasa technology” as well as AI, deep learning and big data […]

Thai Fintech Association, ICORA offer crypto-assets training course

The Thai Fintech Association, together with ICORA Co Ltd, is offering a Crypto Asset Revolution (CAR) course, which will provide participants with a complete understanding and knowledge about investing in crypto assets and ICOs. Thai investors, business owners and professionals from financial institutions have a chance via the new course to learn important and useful […]

PayPal Joins Indonesian Venture Firm to Develop Fintech Startups

PayPal Holdings Inc. is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia. Under the partnership, Jakarta-based Alpha JWC will contribute as much as $5 million in funding for PayPal Incubator. After being selected by PayPal and Alpha JWC senior executives in Singapore […]

Explaining KYC, and why fintech startups need to know about it

Just a few years ago, businesses could have set up shop easily in Singapore. Now they need to undergo due diligence checks, such as declaring funding sources. There have been stricter regulations, which led to the increased importance of know-your-customer (KYC) processes for businesses. KYC is a process that allows businesses to identify who their […]

New initiative to fast-track Fintech patent application-to-grant process in Singapore

The Intellectual Property Office of Singapore has launched a new Fintech Fast Track initiative which provides expedited patent application-to-grant process for Fintech inventions. Under this initiative, Fintech patents will be granted in as quickly as six months, compared to at least two years for normal applications. This will support the growth of Singapore’s Fintech sector by helping businesses bring […]

Hong Kong and Singapore Emerge as New Meccas for Token Sales

Hong Kong and Singapore have recently emerged as the new Meccas for token sales following bans in China and South Korea. The number of initial coin offerings in the two countries has skyrocketed in recent months, as companies seek a favorable environment to raise funds outside their home countries. Neither Hong Kong nor Singapore currently has specific rules for […]

Alibaba enters partnership with Thai government

To foster the digital economy in Thailand, the Government of Thailand and Alibaba have entered into a strategic partnership. Under the agreement, agencies of the Thai government, and business units from Alibaba will work closely to drive the development of the Eastern Economic Corridor (EEC) under the Thailand 4.0 policy, and drive the country’s digital economy. Alibaba’s […]

FINTECH: Betting on blockchain

Advancements in financial technology are opening up new opportunities for fast-growing Asian companies to finance trade and expansion, but pose new challenges for the region’s regulators. The most promising new technology to arrive in the financial sector is undoubtedly the blockchain, or distributed ledger technology, where a secure record of transactions is kept in ‘blocks’ of […]