Copenhagen and Singapore-based trade automation platform Tradeworks is about to launch Tradeworks 3.0, a new upgraded platform intended to take the company to the next level. Built from the ground up, the new platform will include many improvements including a brand new interface and a marketplace for algorithms. The new iteration will, above all, be lighter, faster and even more intuitive to use. Also, many additional features will be added to the popular built-in Tradeworks backtest feature offering traders more data and metrics to assess the robustness of their strategies. Social features are an integral part of the product roadmap…

DBS and Visa have tied for top spot in a new R3 ranking of top fintech innovation labs in Singapore, thanks to their “dynamic environment” and interactive tools. R3 based its ranking on a ‘lab crawl’ of eight different innovation labs at financial firms in the city state during the Fintech Festival in November 2016 at the invitation of the Monetary Authority of Singapore. 1. DBS 1. VISA 3. Mastercard 3. Microsoft 5. UOB 5.…

For many developing countries in the world, remittances play a key role in their economies, contributing to economic growth and to the livelihoods of those nations. In 2016, more than US$440 billion went to developing countries that involved 250 million migrant workers, according to the World Bank. For some individual recipient countries, remittances can be as high as a third of their GDP. Asia is the main remittance-receiving region in the world, with 55% of the global flows and 41% of total migrants, claims a recent UN report. It is projected that an estimated US$6.5 trillion in remittances will be…

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, in collaboration with KPMG, announced that 11 outstanding global FinTech firms have been shortlisted for the inaugural FinTech Abu Dhabi Innovation Challenge in October. The selected firms are currently undergoing an intensive five-week programme (which kicked-off on Sunday 17th September), which allows them to contextualise and present market-ready solutions tailored for the Middle East, Africa and South Asia (MEASA) region. Overcoming stiff competition from 166 applicants, the 11 successful companies come from a number of different countries including four applicants from Singapore, two from India, one from Hong…

Investment in fintech startups is set to hit a record hit in 2017 with an estimated 50 deals to close this year, according to an analysis by CB Insights. While the overall industry is gaining traction from both consumers and investors, several categories are particularly raising in popularity. With 80% of the Indonesian population without a formal bank account, peer-to-peer lending has emerged as a popular way to get access to credit, helping banks, simultaneously, bridge the gap in consumer and small and medium-sized enterprise (SME) lending. Popular platforms in Indonesia include Amartha, a peer-to-peer lending platform for businesses, UangTeman,…

⊃Cryptocurrencies are everywhere nowadays, but they are not all created equal. There have been so many failed coins that scrolling down the list on DeadCoins.com takes a while longer than you’d expect (seriously, take a look. It’s fascinating.) Most of them you probably have never heard of, but for the ones you have, Visual Capitalist has put together an amazing infographic so you can compare them all at a glance. Check it out!

Every week, we bring you the best IOT news from Asia and around the world. This week, the disaster in Huston proved how open data could help in emergencies. Read: Houston is showing us why open data should be part of every city’ disaster and recovery plan In General: How Asia-Pacific can become the world’s biggest IoT market – IotI.com 30 Internet Of Things Executives Whose Names You Should Know – crn.com 6 Reasons Why Designing UX for IoT is So Difficult – machinedesign.com Organisations align IIoT efforts – smartcitiesworld.net AI: Asia Has The Potential To Become A Leader In…

The Smart City vision for Hong Kong has been further crystalised at Hong Kong Science Park, as Hong Kong Science and Technology Parks Corporation (HKSTP) unveiled more forward-looking smart city initiatives using Science Park as a test bed and a living lab. A number of highlight smart city innovations were showcased on 7 and 8 September 2017 as HKSTP hosted another round of the well-received APAC Innovation Summit 2017 (AIS) on Smart City. Within Science Park’s optimal controlled environment, notable progress is being made in the research and development of various smart city technologies in the areas of mobility, cashless…

Uniti, Sweden’s new electric car, successfully launched an equity crowdfunding campaign on their own website today. Uniti’s unique crowdfunding video takes the viewer on a tour through the company’s headquarter in the south of Sweden and sheds light on the impressive achievements of the young company. “Working openly with our wide support network of collaborators and major companies from around the world has prepared us for the milestones ahead,” says founder and CEO Lewis Horne. The video includes appearances of prominent figures such as the CEO of KUKA Robotics Nordics, renowned climate change academic Michael Molitor, and representatives from British…

The Monetary Authority of Singapore (MAS) announced the finalists for the 2017 Global FinTech Hackcelerator and FinTech Awards. The Global FinTech Hackcelerator and FinTech Awards are among the highlights of this year’s Singapore FinTech Festival, which will take place in Singapore from 13 to 17 November 2017. Global FinTech Hackcelerator In May 2017, MAS published a catalogue of 100 problem statements gathered from the financial industry and invited the global FinTech community to develop new and innovative solutions to any of the problems for the Global FinTech Hackcelerator. The problem statements fall under 4 categories: Customer-Facing, Financial Inclusion, RegTech, and General.…

Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week: Here we go: PayMaya pushes for more cashless-transaction solutions DIGITAL-payments provider PayMaya Philippines has rolled out mobile-payment technologies in over 350 business establishments enabled by Smart Wi-fi, as it continues to campaign for the use of cashless tech in the country. (Read more ) BPI ties up with WorldRemit to target OFW remittances MANILA, Philippines – Ayala-led Bank of the Philippine Islands (BPI) partnered with UK-based remittance giant WorldRemit in a bid to capture more of the overseas Filipino worker (OFW) remittance market. (Read more)…

Every week, we bring you the best IOT news from Asia and around the world. This week, it’s been hard to avoid the new announcement from Apple about the iPhone X – the facial recognition technology has everyone talking. The iPhone X overshadowed everything else at the Apple launch event – businessinsider.com Should you be worried about the iPhone X’s facial recognition? – telegraph.co.uk Apple: Face ID didn’t fail at iPhone X launch, our staff did – theguardian.com Can police unlock your iPhone X using Face ID? – dailydot.com iPhone 8 and X: Twitter’s best memes and jokes – NME.com…

BlockShow Asia 2017  is one of the largest conferences showcasing Blockchain solutions, bringing the hottest startups, ICOs and unconventional sensations. The event will take place November 29-30, 2017 in Singapore – a prime global business hub and country which has taken many steps to implement Blockchain technology. BlockShow Asia investments As an international event, BlockShow attracts plenty of investors, venture funds and entrepreneurs from all over the world searching for new projects and business perspectives. Participants enjoy a unique opportunity to grow their companies and attract new clients. One of the crucial parts of BlockShow Asia 2017 is going to be…

Digital nomads are ever more numerous. They have special needs, notably in terms of financial services. Thankfully, fintech startups are coming up with clever solutions that are not just only cheaper than those provided by traditional banking and financial services companies, but also more convenient and accessible from anywhere in the world. We’ve listed some of the most digital-friendly products and services targeted at digital nomads, small business owners, and freelancers that cover anything from banking, international money transfers, and personal finance management, to accounting, investing and bitcoin. Banking There are a few things to consider when choosing which…

UBS says that Asia’s underinsured market presents  ripe opportunities for insurtech startups. In a UBS report titled Shifting Asia, it noted that Asia is one of the most underpenetrated insurance markets in the world. Emerging Asia held 43 per cent of the world’s population but only 13 per cent of total premiums in 2016. The report added that Asia will be home to around 64 per cent of the world’s middle-class population by 2030, up from 40 per cent currently. As disposable incomes grow, the middle class will demand greater protection for their health, wealth, families and property. The strong…

Fintech Vietnam Meetup is back with another newsletter, September 2017 edition. With the fast pace of the recent developments in Fintech, there are a lot of local and international news that we would like to share with you today. For the daily update, you can follow our Facebook Page, join our Facebook Group and Meetup community or follow us on Twitter.  Our meetup group has reached now over 1000 members! Check please out our new sections: Fintech Jobs in Vietnam and Fintech Vietnam Startup of the Month.  Fintech Vietnam Startup of the Month MOCA is a mobile wallet that allows users to make online or direct payments securely and conveniently with their Debit/Credit / JCB…

IDC Financial Insights unveiled a list of 10 fast growing fintech in Malaysia, part of the broader FinTech 101 list for Asia/Pacific, at the FinTech Innovation Summit 2017 held at InterContinental, Kuala Lumpur, Malaysia. “IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia/Pacific based on extensive on-ground analysis of the dominant fintech players in the region. 10 Fast Growing Fintech in Malaysia AppPay gives merchants the ability to reward loyal customers and customers to feel more connected with merchants. iMoney.my is a financial comparison website that caters primarily to the Malaysian market. It lets…

Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week: Here we go: FINTECH Gains Traction as Businesses Embrace Alternative Banking and Financial Solutions Financial technology, or FINTECH, has established new platforms for many businesses and companies. ( Read more) Globe’s GCash partners with Hong Kong-based EMQ for remittances MANILA, Philippines – Ayala-led Globe Telecom added another partner to its digital payments subsidiary G-Xchange Incorporated (GXI), which runs GCash, in order to capture more of the overseas Filipino remittance market. ( Read more) PHL leads Asia in financial inclusion, report says The Philippines led Asian countries…

OCBC Bank has piloted two Fintech solutions to enhance its competency in fighting money laundering and terrorism financing. The two Fintech companies involved – BlackSwan Technologies and Silent Eight – were part of the second Fintech Accelerator Programme run by OCBC Bank’s Fintech unit, The Open Vault at OCBC. The companies leverage artificial intelligence to conduct research on individuals and entities suspected of illegal financing. This is done by searching for information on individual profiles, and mapping how suspicious transactions may be linked to one another to see if they are indeed fraudulent or illegal. Today, this process is carried…

Bangkok Bank InnoHub, a 12-week acceleration program by Bangkok Bank and Bualuang Ventures powered by Hong Kong-based venture capital firm and accelerator Nest, aims to facilitate collaborations between startups and commercial banks in Southeast Asia. The program, launched earlier this year, is targeted at promising fintech startups, and in particular, those working in compliance and KYC, payments, and artificial intelligence. Selected teams receive dedicated mentorship from financial experts of Bangkok Bank and Bualuang Ventures, as well as strategic guidance from Nest. The startups are guided through a process designed to give them the opportunity to secure a proof-of-concept with the…