India: YES Bank selected 12 startups for its inaugral fintech business accelerator programme. The startups have been working on fintech transactions, lending, cyber security, risk intelligence, big data, analytics and more.
India: The Andhra Pradesh Government and Singapore-based Fintech major, LATTICE 80, have signed a memorandum of understanding for establishment of a fintech incubation centre here.
Singapore: MAS will team up with Abu Dhabi Global Market – a global financial centre in the UAE – to nurture financial technology entrepreneurship and support financial services innovation.
Singapore: PayPal’s startup incubation program that landed in Singapore last year, graduates it first 3 incubatees after spending nine months at the international payment company’s Technology Center in Singapore.
Singapore: PayPal has announced that it will partner with Singapore Management University (SMU) to roll out a fintech scholarship in Singapore worth S$180,000 (US$126,900).
Japan: Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking Corporation have stated their intention to expand their Silicon Valley operations with the announcement of a new Digital Innovation Lab and Rep Office.
India: YES Bank has announced to launch a business accelerator program-YES FINTECH (YFA) for fintech startups. The initiative has been taken in association with T-HUB and Anthill Ventures, with LetsTalkPayments (LTP).
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.
Singapore: Australia and New Zealand-based banking group, ANZ, has launched an innovation lab, called ANZ BlueSpace, in Singapore as it looks to work with fintech participants from industry, academia and government.