Bank of Papua New Guinea explores blockchain potential for improving financial inclusion
May 25, 2017 06:23 am UTC| Digital Currency Fintech
The Australian government has allocated $200,000 to support the Bank of Papua New Guineas efforts to explore the potential of blockchain technology to help improve PNGs low rate of financial inclusion, ABC reported. The...
MAS, IFC sign memorandum of cooperation to develop fintech innovation in Asia
May 24, 2017 10:08 am UTC| Fintech
Monetary Authority of Singapore (MAS) announced that it has signed a memorandum of cooperation with IFC, a member of the World Bank Group, in a move to establish and advance fintech innovation in Asia by developing the...

Global experts to come together for Initial Coin Offering Conference on May 29
May 19, 2017 15:01 pm UTC| Digital Currency Fintech
THEblockchain, along with EconoTimes, is going to host a conference focusing on Initial Coin Offering (ICO) a new and innovative fundraising method that has quickly gained popularity among fintech and blockchain...
U.S. CFTC establishes fintech initiative ‘LabCFTC’ in New York
May 18, 2017 11:54 am UTC| Fintech
The United State Commodity Futures Trading Commission (CFTC) announced the launch of a fintech initiative LabCFTC that is aimed in promoting fintech innovation in order to improve the quality, resiliency as well as...
Singaporean fintech startup 4xLabs secures $1.5M in pre-series A funding round
May 17, 2017 09:09 am UTC| Fintech
Singapore-based fintech firm 4xLabs, that develops solutions for money services businesses and travellers in the cash exchange market, announced that it has raised an additional USD$1.5 million in pre-series A funding...
PBOC establishes fintech committee to enhance research, planning and innovation
May 16, 2017 09:43 am UTC| Fintech Central Banks
The Peoples Bank of China (PBOC) announced that it has established a fintech committee in a move to improve research, planning as well as coordination of work on fintech, Shanghai Daily reported. Fintech, or...
UK FCA, Hong Kong SFC enter fintech agreement to foster innovation
May 15, 2017 11:45 am UTC| Fintech
The UKs Financial Conduct Authority (FCA) announced that it has entered into a co-operation agreement with the Hong Kongs Securities and Futures Commission (SFC) in a move to foster fintech collaboration in both the...