Collyer Law advised MoneyTap, a Singapore-headquartered fintech company in relation to a USD 12.3 million ‘Series A’ fund-raise from marque venture capital funds Sequoia Capital, New Enterprise Associates and Seabright Partners. MoneyTap is India's first app-based credit-line, combining the power of a personal loan and credit card in an app, processing credit applications in minutes.
Australia and Malaysia sign fintech agreement Australia and Malaysia have signed an agreement to cooperate on fintech strategy and deployments. On June 27 2017, the Australian Securities and Investments Corporation (ASIC) signed a co-operative agreement with the Malaysian Securities Commission. The agreement expands ASIC’s cooperation network in Asia, and provides a bilateral framework for information-sharing between the two regulators. The Malaysian PM unveils many policy in
Islamic finance conference in August 2017 The 11th Islamic Financial Services Board-The Global University of Islamic Finance (IFSB-INCEIF) in Malaysia are a working in tandem on a major conference regarding Islamic finance planned for August. The group will be holding a 2-day forum in August to update senior members of the Finance industry regarding new developments in Islamic finance. The session will also look into creativity, innovation and standardization activities in Is
Collyer Law advised Ripple Labs, an American technology company which develops the Ripple payment protocol and exchange network, on the establishment of its Indian subsidiary and operational contracts. Ripple connects banks and payment providers via RippleNet to provide one frictionless experience for sending and receiving money globally.
MAS sets out robo-advisory consultation The Monetary Authority of Singapore (MAS), Singapore’s central bank, is looking at regulating client-facing digital advisory services. Digital Advisory Services, or “robo-advisory services” are sprouting up to fill the space of wealth management companies at lower entry levels of investment. Digital advisory represents disruption and competition in the market of wealth advisory. This development is hitting markets worldwide including th