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World Bank Global Findex : Indonesia Leads in Financial Inclusion Progress
The latest Global Financial Inclusion Index (“Findex”) database released today by the World Bank finds that Indonesia’s financial inclusion has made the most progress, across East Asia and the Pacific, in bringing its citizens into the formal financial system in
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How Not to Become Victim of Bitcoin Ponzi Scheme
Bitcoin is real, while Ponzi scheme is fake. The former is an existing digital currency, while the latter phrase means a fraudulent investment activity that got its name from Charles Ponzi, an infamous swindler in the 20th century. The recent
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First Crypto Fund in Singapore
Swiss-Asia Financial Services announces the launch of its first crypto fund in Singapore. The Kryptos Alpha Fund is an absolute return cryptocurrency hedge fund aiming to maximize returns while minimizing drawdowns. The fund’s strategy incorporates these elements: Arbitrage trading of
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Latest Fintech Funding Deals In Singapore
In 2017, Singapore hit US$229.1 million of fintech funding, a record mainly attributed to two of Asia’s ten biggest deals taking place in the city-state in the fourth quarter. The deals are the acquisition of Paynear Solutions by e-commerce startup
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Top 5 Fintech Philippines News of the Week (CW 15)
Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week: Follow the Fintech Philippines Facebook or Twitter channel to stay updated. Also, you can subscribe to our monthly Fintech PH Newsletter here. Here we go: SEC warns investing in unregistered
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Digital Asset Management Platform Kristal.AI Raises $1.85M Seed Round of Funding
Kristal.AI, an AI-powered Digital Asset Management Platform headquartered in Singapore has announced a $1.85M seed round of funding led by IDG Ventures India, with participation from leading angel investors including Shailesh Rao (Senior Advisor -TPG, McKinsey) and Amit Gupta (Founding
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InsurTech M&As in Asia Surge in 2017, Three Times That of 2016
The total transaction volume of InsurTech M&As in Asia hit US$460 million in 2017, more than three times that of 2016, as industry incumbents and new entrants to the market pushed towards greater digitalisation, according to the fourth Quarterly InsurTech Briefing from
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How Real-Time Payments Can Support Financial Inclusion
In developing countries, digital banking platforms and real-time payments have been driving financial inclusion, providing the underbanked and financially excluded with affordable and convenient financial services, according to a new report by Vocalink, a Mastercard payments company. The report, titled
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Top 5 Fintech Philippines News of the Week (CW 13)
Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week: Follow the Fintech Philippines Facebook or Twitter channel to stay updated. Also, you can subscribe to our monthly Fintech PH Newsletter here. Here we go: Coins, Tagcash Racing to
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The State of ICO Regulation Around The World: An Update
Initial coin offerings (ICOs) have been all the rage these past years raising an estimated US$4 billion globally. An increasing number of startups, in the blockchain space and beyond, are opting for the novel fundraising method instead of traditional venture
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