Paytech Instarem reels in $20m funding
This is the first close in its Series C round of $45 million.
Asia Pacific
DBS switched on for Suzhou start-ups
Bank stays busy via MoU and yearns for playtime at Suzhou Industrial Park.
Fenbushi’s Dispatch-ed for blockchain building in Asia
San Francisco-based Dispatch offers DLT app creation.
Convoy inspires Tandem Bank’s Hong Kong expansion
Financial services company invests $15m in UK challenger and forms partnership.
Singapore regulator makes payments top Bill-ing
Monetary Authority of Singapore finalises its Payment Services Bill.
Thank Mbanq for its first Banking-as-a-Service accelerator
Silicon Valley-based bank chooses Singapore as first location.
Ripple’s blockchain sends speed to CIMB’s payments network
CIMB’s product SpeedSend has corridor with Australia, US, UK and Hong Kong.
Top fintech stories this week – 16 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
FinLab accelerator fires up for Thailand SMEs
Its smart business transformation programme gets support from UOB.
Canada, UK and Singapore prep for blockchain-powered payments
Central banks and regulator reveal heightened interest and assesses alternative models.
MUFG and Bradesco create Ripple-s with new cross-border payment service
Planned service between Japan and Brazil will use Ripple’s technology.
Sandbox Express steams into Singapore’s fintech station
Monetary Authority of Singapore quickly thinks up pre-defined sandbox concept.
Cambodian paytech Clik-s with £2m funding
Round led by Limestone Technology and OpenWay.
Singapore Exchange and regulator in cross-DLT settlement breakthrough
They have developed delivery versus payment capabilities for the settlement of tokenised assets.
Singapore regulator preps $5bn for finance investment
Wants a “stronger platform for growth finance and infrastructure development”.
Southeast Asian consumer finance firm Akulaku gets $70m funding
Round includes support from Sequoia India and BlueSky Venture Capital.
Marshall Islands take on Chinese might in crypto fight
President claims it’s a ploy to turn it into a “country within our own country”.
Mirror, mirror on the wall, is Singapore’s AI fairest of them all?
Regulator wants fairness, ethics, accountability and transparency.
Meniga gains foothold in Southeast Asia with UOB deal
Meniga’s tech to help UOB’s customers “keep track in real time of their savings and expenses more easily and clearly”.
American Express breaks into China’s payments market
First US credit card company to get Chinese central bank approval.
Grab gets $50m funding from Kasikornbank
They also unveil GrabPay by KBank, a co-branded mobile wallet.
Standard Chartered teams with Instabase for clever KYC
As the fintech comes out of the bank’s eXellerator.
CredoLab and GoBear unveil credit solution for underbanked
Collaboration between alternative credit scoring specialist and personal finance comparison site.
SPD Bank and Temenos unveil innovation lab
Partnership will enable Shanghai Pudong Development Bank to use APIs.
DBS Bank and Agrocorp to launch a supply chain blockchain platform
From Australian farmers, to Singapore and beyond.
Ping An rallies seven Hong Kong banks for blockchain trade finance platform
eTradeConnect is delivered by Ping An’s subsidiary OneConnect.
FinovateAsia 2018: Best of Show winners unveiled
Congratulations to the trio of winners!
Accenture and Digital Ventures co-launch blockchain trade solution
The new solution is based on R3’s Corda.
Wanfuteng Bank live with Probanx CorePlus core banking system
Wanfuteng Bank joins 16 other users of Probanx’s CorePlus core banking system across the globe.
IFC and Ant Financial launch programme for talent development
Starting in Indonesia, the programme will target APAC countries.
Malaysian MoneyMatch completes first Ripple-based transaction
Establishing the Malaysia-Spain blockchain channel.
VisionFund International to standardise core banking tech with Musoni
VisionFund Myanmar will be the first site in the Musoni’s tech roll-out across VFI.
Philippine lending platform First Circle raises $26m
Aims to expand to other countries in the region next year.
HKEX takes no risks with Nasdaq tech
Hong Kong Exchanges and Clearing rolls out risk solution.
New Development Bank goes live with TCS Bancs for Treasury
Picked for its range of asset classes and cloud-based systems.
KKR and Tencent lead $175m investment in Philippines’ Voyager Innovations
“Largest investment to date in a Philippine tech company.”
SBI Ripple Asia launches MoneyTap in Japan
Ripple-powered payments app offers real-time settlement.
Dutch banking takes courage from cybercrime exercises
ING and friends mimicked WannaCry ransomware attack.
SoftBank takes the internet out of IoT
Users can transmit data to devices without allocating an IP address.
Alibaba enters Banking Circle for shapely payments
Tech titan will use infrastructure and network.
