InstaReM gets RBI approval to offer outbound remittance services from India

Instarem india fintech asia

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.

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Kristal.ai chosen as a Finalist for Global FinTech Awards

The award recognises innovative and disruptive FinTech solutions implemented by FinTech startups, companies, and institutions. From a submission of 580 applications from 40 countries, the panel has chosen the Top 30 finalists, details of which can be found here. The finalists will further be evaluated on the basis of impact, practicality, interoperability, and uniqueness and creativity. The selection process will be led by PwC.

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Monetary Authority of Singapore & Securities Commission Malaysia Collaborate to Foster FinTech Innovation

The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC) signed a Cooperation Agreement (CA) to foster closer cooperation on FinTech and innovation in financial services between Singapore and Malaysia. MAS and SC share similar objectives of developing robust FinTech ecosystems that support the needs of the financial industry and promote innovation in their respective markets.

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Fintech India: Loan Frame

loan frame india fintech asia

Founded in August 2015, Loan Frame is a fintech SME lending marketplace focused on solving the financing problem for millions of small and medium enterprises (SMEs) in India. Loan Frame enables SME lending through partner lenders, by providing them the technology to efficiently originate and assess small business borrowers.

Fintech Asia features Loan Frame a B2B lending startup in India. Shailesh Jacob, Founder & CEO of the company, shares his thoughts on fintech and entrepreneurship.

This feature is part of the Fintech India series.

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