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Asia/Pac

·Jul. 8, 2020

More News for July 8, 2020

Cloud-based FI Software Provider nCino Goes Public More than 100 potential suitors signal appetite for parts of Wirecard Apiture Raises...

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Asia/Pac Fintech News Roundup

·Mar. 29, 2018

DBS Bank Finds Bigger Profits in Digital Banking

Southeast Asia’s largest bank, DBS Bank, has been one of the most innovative and profitable; while presenting at a Credit Suisse investment conference DBS CFO Chng Sok Hui said they could raise the return on equity to 14.5 percent; the digital customers are three times as valuable to the bottom line of the bank; DBS has implemented chatbots and other innovative technologies to improve the digital experience for a customer who is increasingly using their phones to bank. Source.

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Asia/Pac Fintech News Roundup

·Sep. 5, 2017

China Bans ICOs

Chinese authorities on Monday ordered a ban on initial coin offerings (ICOs); a PBoC statement ordered that ICO activities should be halted starting from Monday, and ICO platforms should not engage in exchange services between fiat currencies, virtual coins and tokens; two of China's leading ICO platforms, ICOAGE and ICOINFO, had already halted services before the official statement came out. Source

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Asia/Pac News Roundup Online Lending Regulation

·Nov. 16, 2016

P2P Lending Regulations Evolving in Thailand

New regulations for peer-to-peer lending in Thailand are scheduled for approval by the end of the year; the new regulations will be formulated from an open comment, public hearing which ended on October 15; a licensing process is also expected to follow in 2017. Source

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Asia/Pac Europe Fintech News Roundup USA

·Aug. 3, 2020

More News for August 3, 2020

For What Future Are We Building Bitcoin? Working to understand Affirm’s reported IPO pricing hopes State regulator group, others back...

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Asia/Pac Fintech News Roundup

·Apr. 25, 2019

Amazon India Adds First SMB Lender to its Marketplace

Amazon India is integrating its first small business lender via API into the Amazon Lending marketplace; India’s Flexiloans will allow...

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Asia/Pac News Roundup Online Lending

·Mar. 6, 2017

China’s CredEx Offers Mobile App Loans

CredEx has developed a mobile app for loans in China; allows for borrowing of as much as RMB 300,000 (USD 43,000); the firm's business has been built around a focus on five factors including: mobile apps for loans, anytime access to borrowing and repayment, personalized interest rates, mobile internet risk control and uniquely connecting financial institutions with borrowers. Source

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Asia/Pac Fintech News Roundup

·May. 8, 2019

Binance Exchange was Victim of Well Orchestrated Hack

Cryptocurrency exchange Binance was victims of what the CEO called a well orchestrated large scale security breach; more than $40mn...

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Asia/Pac Fintech News Roundup

·Aug. 15, 2017

China Identifies 17 Tech Hubs for Economic Development

The State Council's "Made in China 2025" initiative is seeking to transform China into a greater innovator of technology; the initiative seeks to capitalize on artificial intelligence, big data analytics and robotics and is being designated as a three-step national guideline; along with the initiative the country's State Council has identified 17 national-level innovation demonstration zones that will be allowed favorable policies in order to bolster their respective geographical strengths and support increased regional innovation. Source

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Asia/Pac Fintech News Roundup

·May. 7, 2019