China: Microsoft announced the 14 market-ready startups selected to join their Shanghai Accelerator program.
China: Ramping up its efforts to become a dominant Fintech hub in Asia, a 10 billion yuan (approx. $1.5 billion) fund was launched in Beijing, China, focusing mergers and acquisitions in the sector while seeking to nurture enterprises and startups in the industry.
Japan: Mitsubishi UFJ Financial Group Inc. has set up a innovation lab to research and develop new financial technologies, the first of its kind for a major Japanese bank, people with knowledge of the matter said.
Hong Kong: As SuperCharger FinTech accelerator 2.0 kicked off at Hong Kong FinTech Week, eight finalists that were announced included startups in the areas of wealth management, RegTech, artificial intelligence (AI), cybersecurity and blockchain.
Hong Kong: Seven startups showcased innovative solutions to hundreds of potential investors at DBS Accelerator, the collaborative initiative between DBS Bank (Hong Kong) and Nest, the Hong Kong-based startup incubator.
Japan: Mizuho Financial Group has announced plans to establish an innovation lab within the Fintech Center of Tokyo. The new innovation centre which is known as «Finolab» is jointly operated by Mitsubishi Estate, Dentsu, and Information Services International–Dentsu.
Malaysia: Golf reservation platform Golfreserv today announced that it has secured an undisclosed pre-Series A round from Tune Labs, a startup incubator backed by AirAsia founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun.
Vietnam: THE Vietnam Innovative Startup Accelerator (VIISA) announced that it is launching the call for applications into its inaugural batch in November 2016.
Vietnam: South Korean conglomerate Hanwha Group and Vietnam’s third largest lender BIDV have partnered to run the Vietnam Innovative Startup Accelerator (VIISA) along with the initial two co-founders, Dragon Capital and FPT Corporation.