P2P financing kicks off in Malaysia
The peer-to-peer (P2P) lending industry is off to an encouraging start. Funding Societies Malaysia, the first platform to launch, successfully raised RM320,000 for two term loan financing programmes within three weeks in March. The loans will be used to fund the working capital of two companies – an electronics business and an automobile parts distribution […]
Total Market Cap of Digital Currencies nears $30 Billion
Digital currencies reached a new high today, surpassing $28 billion, a more than doubling from their previous all-time high of around $12 billion back in 2013. Indicating an increasing interest in digital currencies and the wider blockchain space. The main driver is, of course, bitcoin, which is nearing $20 billion once more after rising for […]
British fintech sector has shrugged off Brexit dip, says regulator
Britain’s financial technology sector has recovered from an initial dip after Britain’s vote to leave the European Union, a senior UK regulator said on Monday. Fintech companies have revolutionised the financial sector with the likes of mobile payments services and were quickly targeted by centres such as Berlin and Luxembourg after last June’s Brexit vote, […]
Texas Real Estate market active for Real Estate Crowdfunding
RealtyShares, a leading online marketplace for real estate investing, has just released data showing the total amount of crowdfunded real estate investments in Texas. To date $28.1 million has been raised for 31 real estate deals, ranking Texas among the most popular states for investors on the RealtyShares platform along with California and Florida. Nearly […]
ABN AMRO Clearing selects Cognizant as strategic partner to cloud-enable global IT infrastructure
Cognizant (NASDAQ: CTSH) today announced that it has been selected by ABN AMRO Clearing (AACB), a leading global clearing firm, as its strategic partner to cloud-enable its global IT infrastructure and lay the foundation for digital transformation. This will enable AACB to increase operational resilience and application availability, enhance speed and agility in managing market […]
Trov, the world’s first on-demand insurance platform, closes A$59m Series D funding round
Trov, the technology company revolutionising insurance for the tech-empowered consumer, today announced that it has closed AU$59.44 million (US$45 million) in Series D funding led by Munich Re / HSB Ventures, bringing its total funding to just over AU$112.28 million (US$85 million). All of Trov’s Series C investors participated in the round (Oak HC/FT, Suncorp […]
China’s rapid uptake of mobile payments forcing businesses to adapt
Looking to get rich quickly, two young men travelled across China last month with a plan to rob three convenience stores in the wealthy coastal city of Hangzhou. They bought knives, masks and an electric bike and in the early hours of March 27, set off on their heist, targeting busy downtown areas. But, unfortunately […]
UK looks to strengthen FinTech ties with India
A UK envoy that includes politicians, central bank officials, and prominent FinTech executives are in India to discuss trade relations that will deepen industry ties between the two nations as the UK prepares for the separation from the European Union. A UK-delegation led by Chancellor Philip Hammond that includes Her Majesty’s Treasury FinTech envoy Eileen […]
