Fintech is exploding in Hong Kong and the entire APAC region. The latest winner in terms of funding goals is the Hong Kong-based fintech company WeLab that just raised $156 million during its Series C funding round. Some of the investors included the China Construction Bank and Alibaba Hong Kong Entrepreneurs Fund. The Founder and CEO…
Read more
Saxo Bank has just announced that it has teamed up with Geely Sweden Holdings AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd, to establish a technological joint venture (JV). The two companies will now provide financial and regulatory technology solutions to financial institutions such as banks and fintechs in China. The ownership structure…
Read more
AccessFintech has just announced that it has teamed up with with four leading investment banks and it has completed its production launch and is live with a new industry use case, to meaningfully enhance and improve the market’s settlement exception resolution process. Citi, Credit Suisse, Goldman Sachs and J.P. Morgan have jointly launched an industry-wide…
Read more
It was not that long ago that the phrase “fintech” would have fallen on deaf ears, but in recent years, our lives have been re-ordered in a way by computer programs, apps, and technology that have taken our banking and financial services to new levels. The digital age has ignited a number of debates between…
Read more
The fintech industry in Nigeria is becoming more popular and startups are capitalizing on the trend. Migo, a Nigerian fintech startup is a company that focuses on offering credit-as-a-service to big companies. Migo has recently raised a Series B round of $20 million - a round that was led by Valor Capital Group, a Brazil-focused…
Read more
Fintech company Integral has released its volumes report for the month of November. Average daily volumes (ADV) across Integral platforms totaled $34 billion last month. This represents a drop of 7% MoM. LeapRate reminds that Integral and Jefferies, a global investment banking firm, have recently launched a fully integrated service designed for buyside firms to conveniently…
Read more
Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced that they have decided to make substantial adjustments to their operating structure and cost base while seeking to develop its newer blockchain based businesses. The company's 51% owned B2C subsidiary, DragonFinancials has suffered from an increasingly challenging regulatory and business environment, resulting in losses which started in…
Read more
Global provider of market data and technology tools for the financial industry Refinitiv, formerly the Financial and Risk business of information giant Thomson Reuters (NYSE:TRI), has announced that it has joined TS Marketplace. Its institutional-grade platform is now accessible within Tradesocio’s ecosystem. This integration benefits financial services providers forming the fintech company’s ecosystem in multiple ways, allowing them…
Read more
Banking and financial services have generally been viewed as a staid and conservative sector of the business community, but technology allows no one to escape the threats of competition armed with innovative and disruptive ideas, as evidenced by the emergence of fintech. Artificial Intelligence (AI) and blockchain, along with a host of other innovation trends,…
Read more
Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has just announced that it has been selected by Liberty Securities Limited to streamline its post-trade processing for Hong Kong-listed equities and derivatives. Liberty Securities is licensed by the Hong Kong SFC and is a participant of the Stock Exchange of Hong Kong. The company provides brokerage services…
Read more