In our last feature, we spoke to a international payments (cross-border remittance) company. The thought was that a world without borders does exist, but so does an inadvertent exchange of skill and manpower. In this opinion article, Prajit Nanu shares with Fintech Asia the ideas that help him drive the business. Speed, trust, low fees, convenience – a number of such things influence the needs of the consumer.
In a time when the world is figuratively flat again – thanks to exchange of talent, skills and manpower globally – arises the common need to send money across borders. SingX, based in Singapore, is one such fintech attending to the need for cross-border remittance. With a team of banking and technology veterans, SingX has set its focus on easing money transfer for the consumer. Atul Garg of SingX tells Fintech Asia all about the company and industry they operate in…
Slack has announced today a Series G funding round led by Softbank Vision Fund with Accel as second largest investor – expands Slack’s existing $540M funding by an additional $250M; post money valuation now at $5.1B [April 2016: $3.8bn]
Ministers and Senior Officials from all 10 ASEAN Member States, including the ASEAN Secretary-General H.E. Le Luong Minh, convened today at the second ASEAN Ministerial Conference on Cybersecurity (AMCC), as part of the Singapore International Cyber Week 2017. The AMCC, held at the St. Regis Singapore hotel, was chaired by Singapore’s Minister for Communications and Information and Minister-in-charge of Cyber Security Dr Yaacob Ibrahim.
InstaReM, a Singapore-headquartered FinTech start-up offering convenient, fast and cost-effective cross-border money transfers to individuals and businesses, has received regulatory approval from the Reserve Bank of India (RBI) for facilitating overseas remittances from India. InstaReM plans to start its outbound money transfer services from India by November 2017 in partnership with a leading AD-I (Authorized Dealer – Category I) bank, per RBI’s governing conditions for the partnership.
Top 42 FinTech Companies in Australia INFOGRAPHIC – As lobbying to make fintech a priority for the Australian government continues, the fintech ecosystem in Australia has grown considerably in the past few years. About USD 675 million was invested in Australian fintech in 2016 according to a KPMG report. As per our research consumer and B2B lending remain the largest category of fintech, while payments comes second.
With a relatively less conservative regulatory environment, supported by government-led initiatives and deregulation, the innovation standards in the Japanese fintech ecosystem are much higher than the rest of the world. Bank of Japan even tested out blockchain technology to check for feasibility and viability last year as a way to understand the latest in technology.
While innovation around cryptocurrency is one of the most popular categories, the other categories of fintech are gaining ground. We look at the fintech market in Japan to identify the leading companies that are contributing to this growth.
Here’s the first comprehensive list of the top fintech companies in Japan by Fintech Asia.