Financial Technology
P2P lender Blend PH targets nearly $20m portfolio by 2021 in financial inclusion push
The platform has attracted millennials, housewives, and overseas workers that have been investing as low as $96 at 8-30% per annum.
Are CLOs a good alternative investment for Asian Family Offices?
In recent years, we have seen an influx of Asian money into countries like Singapore and Hong Kong. According to the recent World’s Billionaire’s list...
This Singapore online lending startup offers personal loans up to S$50,000
Credit Culture offers personalised and instant loan terms from its proprietary credit-scoring engine.
Malaysian startup Moby Fintech unveils financial decisioning app
Mobylize offers users credit scoring, analysis and decisioning tools.
Fintech Akulaku acquires minority stake in Indonesian bank for $11.16m: report
It is aiming to make a total investment of $35.30m into Bank Yudha Bhakti.
Asian wealthtech firms snap up 15.5% of investment in 2014-2018
They still fall flat of Europe and North America’s dominance.
Chart of the Week: P2P lending on the rise in Indonesia amidst lax rules
P2P financiers dispersed $1,400 in loans in December.
E-money transactions in Indonesia hit $3.3b in 2018
Users turned to digital money for e-commerce, mobile SIM top-ups, and public transport.
UK challenger bank Revolut set for beta launch in Singapore
It raised concern about the difficulties in obtaining foreign tech talent visas in the UK.
Korea sets up open interbank payment network to boost fintech
Available to nonbank players, the scheme aims to lower required usage costs.
3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey
Around 13% even believe that fintechs deserve more trust than old-guard lenders.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
However, 22% admit that the former are less trustworthy than old-guard lenders.
Hong Kong banks loan growth rebounds 5.2% in November
Business sentiment recovered mildly as corporates ramped up borrowing.
Hong Kong's open banking movement lures interest beyond retail
SMEs and corporates also acknowledge the merits of the pivot.
British challenger bank Revolut receives green light to expand to Singapore and Japan
It will launch in APAC in Q1 2019.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
They will develop a remote account-opening solution.
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