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Asia/Pac

·Dec. 14, 2016

Microsoft Announces Partnership for Asia’s First Blockchain Consortium

Microsoft has partnered with AMIS and the Industrial Technology Research Institute of Taiwan to form Asia's first blockchain consortium; the partnership will build on the success of Microsoft's Blockchain-as-a-Service (BaaS) on Microsoft Azure which it announced in April; the consortium will focus on blockchain solutions that provide increased efficiency and cost savings for companies in Taiwan. Source

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Asia/Pac Europe Fintech News Roundup USA

·Jul. 28, 2020

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Visa, Mastercard Fined Wirecard for Dubious Transactions Mexico-Based Prop Tech Flat.mx Secures $25 Million in Debt Financing From Arc Labs...

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Asia/Pac Fintech News Roundup USA

·Jul. 14, 2020

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Afterpay comes to physical stores in the US How Retailers Are Cashing In On A US Coin Shortage Google to...

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Asia/Pac News Roundup Online Lending

·Feb. 7, 2017

China Reports 478,000 Complaints for P2P Lending

China is reporting 478,000 individual cases of complaints with problematic P2P lending firms; accounts for approximately 4.5% of the investors in P2P; the report coincides with the country's fraudulent P2P lending activity; 1,300 platforms were named problematic in 2016 with 2,388 platforms in good standing. Source

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Asia/Pac Fintech News Roundup

·Jan. 25, 2017

Chart: New Fees Reduce Bitcoin Trading Volume on Chinese Exchanges

<p>China has accounted for over 90% of bitcoin's trading volume in recent weeks as no trading costs and a devaluing yuan have attracted the attention of traders; the country has approximately 10 of the world's leading bitcoin exchanges which have seen some intervention from Chinese regulators in recent weeks; beginning on Tuesday, three of the largest Chinese bitcoin exchanges implemented a flat fee of 0.2% per transaction to manage manipulation and volatility; trading volumes were significantly impacted following the new fee structure with volumes down approximately 90% on Chinese bitcoin exchanges.

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Asia/Pac Europe Fintech News Roundup USA

·Jul. 30, 2020

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Banks call on Congress to freeze new ILC approvals How the pandemic is propelling Zelle With Robinhood’s UK launch delayed,...

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Asia/Pac News Roundup Online Lending

·Aug. 3, 2017

China Development Bank Works with Tencent to Provide Students Loans

Tencent, with advantages in cloud computing, big data, social networking, and mobile payments, will cooperate with China Development Bank to provide students loans; China Development Bank is a "policy financial institute" under the State Council; the bank covers over 90% of the student loans market. Source (Chinese)

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Asia/Pac Fintech News Roundup

·May. 31, 2019

Indian Fintech Market Set to Take Off

The CEO of NITI Aayog, a policy think tank of the Indian government, said that the fintech market in India...

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Asia/Pac Fintech News Roundup

·Nov. 7, 2016

Australian Awards for Fastest Growing Businesses Include Several Fintech Companies

SmartCompany is a leading Australian news site about entrepreneurship; their annual Smart50 awards for the 50 fastest-growing small businesses include several fintech companies; small business online lenders Prospa and GetCapital came in first and second this year; their revenues were AUS$22 million and AUS$4.5 million respectively; also on the list are foreign exchange/money transfer company TorX at number five and traditional asset financier Positive Lending Solutions at number six. Source

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Asia/Pac Europe Fintech News Roundup USA

·Jul. 23, 2020