Category: FinTech

YES Bank chooses 12 startups for its fintech accelerator’s inaugural batch

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.

Bangkok Bank partners Nest to launch a FinTech accelerator ‘InnoHub’

Thailand: Bangkok Bank Public Company Limited announced its international FinTech accelerator program, Bangkok Bank InnoHub in partnership with corporate innovation partner Nest.

India’s AP Govt and Singapore’s LATTICE 80 sign MoU for incubation centre in Vizag

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.

Monetary Authority of Singapore, Abu Dhabi to set up fintech centre in UAE

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.

Paypal graduates first 3 startups from incubation program

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.

PayPal’s Innovation Lab is launching a fintech scholarship 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).

Japanese Bank ‘Sumitomo Mitsui’ To Establish Innovation Lab in Silicon Valley

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.

Commonwealth Bank of Australia has issued a «cryptobond» developed in its Innovation Lab

Australia: Commonwealth Bank of Australia has issued a «cryptobond» for Queensland Treasury Corporation using its capital markets blockchain platform.

YES Bank announces launch of fintech accelerator – ‘YES Fintech’ (YFA)

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).

$1.5bn fintech fund launched by Chinese state-owned firms

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.

Mitsubishi UFJ plans fintech innovation lab in Tokyo & Silicon Valley

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.

ANZ launches innovation lab in Singapore

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.