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Press release: Indonesia Takes First Steps Towards a Digital Fiat Currency Solution with eCurrency
The digital fiat currency solution initiative is to be part of Indonesia’s FinTech regulatory sandbox designed to promote and facilitate financial technology innovation in the country. While multiple mobile money solutions exist in Indonesia, the lack of interoperability and challenges to regulate them have hindered the adoption and development of digital financial services and true financial inclusion for all Indonesians. The eCurrency solution overcomes these challenges.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Lusia Kiroyan: Empowering female inmates through batik-wearing dolls
Since setting up the Cinderella from Indonesia Center (CFIC) foundation in 2012, she has empowered over 740 female inmates at two penitentiaries in Riau Islands and one in Jakarta to make dolls with dresses made of used batik attire or fabrics.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Why is Asia lukewarm to sustainable investing?
Investors in Asia, a region made up of numerous emerging markets that have made economic growth a priority, typically take a shorter-term view on investments. Coupled with a lack of government initiatives to drive sustainable investing, Asian investors and their fund managers have lagged far behind their western counterparts in embracing “ESG investing” – the inclusion of companies’ environmental, social and governance performance as criteria in fund allocation decisions.
- Categories
- Investing
- Region
- Asia Pacific
- Tags
- ESG, impact investing
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Mongolia’s Untapped Lending Market Has Earned This Japanese-Backed Fintech Startup A $30M Valuation
In Mongolia, where the average monthly income is $390, informal loans between friends or family members are commonplace as credit and small bank loans are hard to get. On the other hand, small informal loans are almost expected to not be paid back.
- Categories
- Finance
- Region
- Asia Pacific
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Accelerating fintech in China
In 2016, investment in mainland Chinese and Hong Kong fintech ventures totaled $10.2 billion, exceeding North America’s $9.2 billion. Many domestic financial services and e-commerce conglomerates are supporting Chinese fintech startups.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech, startups, venture capital
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Chinese money dominates bitcoin, now its companies are gunning for blockchain tech
I meet Jack Liao, who runs a bitcoin mining firm called Lightning Asic. He leads me through a dark hutong, coming to a set of carved wooden double-doors. Pushing them open, we enter into the courtyard of a palatially renovated villa. This is my first look at the elusive “bitcoin club.”
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- blockchain, cryptocurrency, fintech
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Press release: Top entrepreneurs of 2017 SVC Asia set to make social impact targeting educational, healthcare, agricultural and environmental sectors
Eight teams took home a total of S$180,000 in cash prizes from the 2017 DBS-NUS Social Venture Challenge Asia (SVC Asia) - the highest amount ever presented within the competition’s four-year history. SVC Asia is an Asia-wide competition for social enterprises. It identifies and supports innovative ideas and social ventures that demonstrate positive, scalable and sustainable social impact within the region.
- Source
- Press release
- Categories
- Uncategorized
- Region
- Asia Pacific
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New Forests: Path clears for ethical investors
Timberland investor New Forests is encouraging Singapore to become Asia’s hub for impact investing, while solving the region’s annual pollution problem.
- Categories
- Environment, Investing
- Region
- Asia Pacific
- Tags
- ESG, forests, impact investing