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Fintech Innovation Lab Asia Pacific Returns in 2021, Aims to Help Early-Stage, High-Potential Startups

Fintech Innovation Lab Asia Pacific Returns in 2021, Aims to Help Early-Stage, High-Potential Startups The Fintech Innovation Lab Asia Pacific program has now returned for its eighth edition this year with additional opportunities for early-stage and high-potential startups. Cyberport, a founding partner, will be giving finalists from the 2021 cohort the chance to take part in the 2-year (or 24-month) Cyberport Incubation Program (CIP) and will also provide access to Cyberport’s Marco Fund. In statements shared with Fintech News HK, Fergus Gordon, MD and banking industry lead for growth markets at Accenture, noted: “Accenture and Cyberport have a common goal of driving digital adoption in the Asia Pacific (APAC) financial services ecosystem. Digital innovation within financial services skyrocketed during the COVID-19 pandemic as banks look to ways to increase efficiency and engage customers amidst an increasingly digital landscape. Asia remains a hotbed for innovation

Yuanbao Scores $144 8 Million Funding Round for Marketplace Offering

The Chinese insurance marketplace uses AI to match consumers with suitable coverage options. And its digital-first solution can help bridge China s insurance gap, especially since the life and health insurance market is set to grow. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry. Learn more about becoming a client. Yuanbao raised nearly 1 billion yuan ($144.9 million) in a Series C funding round that was led by Source Code Capital and included Cathay Capital and Hike Capital,  per Deal Street Asia. Chinese insurtech raises mega-round. Insider Intelligence The insurtech only launched last year and holds a national insurance brokerage license. It operates as a marketplace, selling coverage options from third-party insurers. It will use the fresh capital to fund the R&D of its core technologies and build smart insurance services.

VIETNAM BUSINESS NEWS MAY 5

VIETNAM BUSINESS NEWS MAY 5 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công  05/05/2021    12:11 GMT+7 Rubber industry needs to develop production chain Rubber latex of Quang Tri Rubber Co Ltd. Viet Nam s rubber industry needs to develop its production chain to meet the increasing demands of export markets.     Viet Nam s rubber industry needs to develop its production chain to meet the increasing demands of export markets, especially fastidious markets such as Europe and the US, according to experts. To Xuan Phuc, an expert of Forest Trends said Viet Nam s export of processed rubber has been increasing to many countries. However, Viet Nam s export rubber products must meet many requirements on the export market, including legal issues.

Four new payment intermediaries licensed in Vietnam since 2021

Four new payment intermediaries licensed in Vietnam since 2021 09:42 | 04/05/2021 From the beginning of the year, the State Bank of Vietnam (SBV) has issued new licences to four non-bank payment intermediaries, showing the increasing demand by local firms to join the fintech rush. Four new payment intermediaries have been licensed in Vietnam since the beginning of 2021, including Vietnam Post and MobiFone Most recently, on April 12, the SBV granted a licence to Vietnam Post Corporation. Accordingly, Vietnam Post has just launched an Intermediary Payment and Fintech Division to oversee fintech and patment operations. General director Chu Quang Hao is heading up this division.

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