Fintech startup ABC Technology establishes international HQ in Singapore
Fintech startup ABC Technology today announced the establishment of its international headquarters in Singapore. The move marks the next step in the company’s drive to bring its artificial intelligence (AI)-based financial technology solutions to the global arena. The international HQ is responsible for sales and marketing, as well as spearhead the filing and registration of patents for the startup’s intellectual properties (IPs). “We picked Singapore as the base for our international operations because of its strategic location, leading position as a financial hub, language proficiency and maturity of IP rights. Singapore practises sound corporate governance and is an easy place to do business,” said Mason Yang, Founder and Chief Executive […]
Glasgow in sights of fintech aiming to disrupt lending market
A fintech start-up founded by a Glaswegian entrepreneur is aiming to disrupt the lending market with a “totally new and fair approach” – and set to roll out low-cost loans for public sector workers in locations including Glasgow. Salad Money, founded by Debt Hacker campaigner Alan Campbell, is looking to “smash the monopoly” of credit reference agencies and tap into open banking and artificial intelligence. The company, which says it is the first open banking powered lender, said it is opening up affordable credit to 85 per cent of applicants who were previously excluded from credit or paying sky-high annual rates. Salad Money said its “revolutionary” new method of credit […]
London real estate fintech biz collects €11.5m
Immo Investment Technologies has raised €11.5 million from investors including Talis Capital and HV Holtzbrinck Ventures. The business sources and purchases homes on behalf of buy-to-let investors. In addition to the equity capital, the London-based company has secured €60 million from real estate investors to fund the acquisition of properties. To read more, please click on the link below… Source: London real estate fintech biz collects €11.5M | PitchBook
Bahrain’s fast track plan to become a FinTech hub
FinTech is one of the key focal points of governments in the GCC, as it is at the core of facilitating the economy. Easing payment methods and making them faster not only helps businesses receive payments and clear dues quickly, but also facilitates business projects faster. Not to forget that the international nature of economy today means cross-border payments need to become faster and easier, which is why UAE and KSA have been experimenting with blockchain to understand its impacts on international bank transfer. Just this year, FinTech has gained strong traction in the region. And Abu Dhabi has been launching a number of funds and initiatives to support the […]
FinTech company OKLink wins Deloitte “Hong Kong Rising Star”
Leap Holdings Group Limited announce that OKLink Fintech Limited, a wholly-owned subsidiary of Leap Holdings Group, was awarded the “Hong Kong Rising Star” by Deloitte in 2019 HK Tech Fast 20 and Rising Star Program on 8 November 2019. The award recognizes OKLink’s leading position in the industry segment and ample room for growth. OKLink focuses on the R&D and application of blockchain technology. The company provides blockchain services and applications, including stablecoin, blockchain, big data, and blockchain asset custodian services. With the Hong Kong government actively promoting technology and innovation, OKLink continues to seek breakthroughs in innovation with leading technology and win-win business model and has become a successful […]
Fintech-as-a-Service provider Rapyd brings together Singapore’s key payment methods into the first all-in-one “Singapore Platform”
Rapyd, a global Fintech-as-a-Service company, announced today its partnership with key players of Singapore’s payments ecosystem to provide a single “Singapore Platform” to enable businesses to go “cashless”, in line with the country’s vision of becoming a smart digital nation and a center for Fintech innovation. Rapyd’s “Singapore Platform” will bring greater convenience to local consumers and businesses, by enabling consumers and businesses to easily make payments electronically, convert cash to electronic payment methods, or receive funds instantly by enabling the following capabilities via a single technical integration: Real-time interbank payments via FAST, PayNow, and PayNow QR Leading digital wallets GrabPay, DBS PayLah!, and OCBC Pay Anyone Accept mobile payment […]
Tencent to build virtual bank after Hong Kong regulator approves license
Chinese internet giant Tencent is set to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission (SFC) approved a new license. Speaking at the World Blockchain Summit in Wuzhen, China on Friday, Tencent blockchain chief Yige Cai said the company’s virtual bank received the SFC’s green-light. Moving forward, the company will assemble a team to support the blockchain-based banking platform, according to Chinese media site Sina Finance. “Hong Kong’s new regulations and supervision on digital assets transactions validates the importance of blockchain technology and digital assets, which is good news for the whole industry,” Cai said in his speech at the summit. The SFC has granted […]
European Fintech investment surpassed Asia
Fintech is Europe’s largest venture capital (VC) investment category, receiving 20% of all VC investment in the region between 2017 and 2019 year-to-date (YTD), surpassing enterprise software (17%), health (13%) and transportation (8%), according to the State of European Fintech 2019 report by Dealroom, in partnership with Finch Capital. In Europe, fintech investment is gaining momentum, outperforming Asia for the first time since 2015 with US$5.1 billion raised by European fintechs in H1 2019, against US$2.2 billion for Asian fintechs. European challenger banks and payments companies have raised the largest chunk, with both categories raising EUR 2.4 billion in 2019 so far. Lending and mortgage and wealthtech are two other […]
