Asia Poised to Explode with Fintech, Blockchain Growth
There has always been an increased interest from Asia when it comes to new financial technology. Fintech and Bitcoin are both seeing tremendous success in the region, and venture capital funding reached an all-time high in 2015. It has to be said, however, that Asia is well behind the curve regarding Fintech adoption. Most other regions around the world,....
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The Enhance Group recently announced that it will open a new base in Singapore — its first location in Asia. Enhance, an industry-leading FinTech company that offers investment services, has experienced tremendous growth with the rise of FinTech. This new location will open in response to the expanding FinTech industry and increasing demand for financial technology services in Asia. FinTech, or “Financial Technology,” is quickly reshaping the finance sector. In particular, FinTech is drastically changing the investment industry. Investment consultancy companies that use FinTech software,....
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The emerging fintech and cryptocurrency industry in Asia received a major portion of total VC funds during the thrid quarter of 2016. Asia is an emerging economic power, thanks to the growth of some of the major countries in the continent. Staying true to its economic progress, the continent is also turning out to be an attractive market for the fintech industry. According to a recent report published by KPMG – one of the “big four” audit firms in the world, the Asian continent was the largest recipient of venture capital in the fintech and cryptocurrency technology sector during the third....
The Monetary Authority of Singapore (MAS) has officially announced a partnership with fintech firm R3. The joint effort will also see the launch of a distributed ledger technology (DLT) Center of Excellence in Asia. The Asian DLT lab will focus on expanding the emerging technology across the region. R3 & MAS Will Create a Distributed Ledger Asian Lab....