FinTech

UK

2026-10-15 10:22:56

UK fintech Relace raises $1.6 million

UK fintech company Relace has raised $1.6 million, according to Techub, which cited Finextra. The report said the regulatory management setting tied to the company still relies on PDFs, spreadsheets, email threads, and guidance that is scattered and may be outdated. No other financing details were disclosed in the brief. The update was categorized under policy and regulation.

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Hong Kong

2026-10-14 09:56:15

Hong Kong rolls out fintech measures including blockchain-based verification and an AI assistant

Hong Kong has unveiled a new set of fintech measures tied to its policy agenda, including the launch of a cross-border data verification platform between Chongqing and Hong Kong and an upcoming AI assistant for the iAM Smart service. According to Techub News, the Chongqing-Hong Kong platform is now in operation and uses blockchain and data codes to verify customer-carried data. The setup does not involve cross-border transmission or storage of original files. The Hong Kong Monetary Authority said the first phase will focus on cross-border finance and help banks in both places handle services such as account opening and loans. The mechanism is listed as one of the measures in the Chief Executive’s 2026 Policy Address aimed at promoting the orderly flow of financial factors between the two places. Separately, the Digital Policy Office said iAM Smart will launch an AI assistant, with version 5.0 to be rolled out in stages. The government also said it is referencing the Model Law on Electronic Transferable Records and plans to submit draft amendments to the Electronic Transactions Ordinance within the year to advance the digitization of B2B trade documents.

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Yiren Digital

2026-10-12 14:27:25

Yiren Digital says operations remain normal after Beijing Chaoyang police notice

Fintech company Yiren Digital said in a statement published on its official WeChat account on Oct. 12, 2026, that it had taken note of a police notice released the same day by "Ping An Beijing Chaoyang" and that the matter should be referred to the official notice. The company said it is an independently operated listed entity focused on financial technology and AI innovation. Yiren Digital added that it has not found any direct connection between the cause of the case and its business operations, and said the company is operating normally with all businesses moving ahead in an orderly manner. It also said it will continue to comply with regulatory requirements, maintain compliant and prudent operations, protect the lawful rights and interests of partners and users, and thanked the public for its attention.

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OPay

2026-10-12 13:14:55

Bloomberg: SoftBank-backed OPay targets $500 million through New York IPO and private placement

SoftBank-backed fintech company OPay Digital Services Ltd. is planning to raise about $500 million through a New York initial public offering and a concurrent private placement, according to Bloomberg. People familiar with the matter said the fundraising package includes roughly $200 million from the private placement, with Standard Bank Group identified as the investor. The people asked not to be named because the information has not been made public. OPay provides mobile payments and other digital financial services. If the U.S. listing plan moves ahead, the company would join other SoftBank-backed businesses that have turned to public capital markets for funding.

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Policy Regula

2026-10-12 10:11:35

Beijing police investigate CreditEase-linked firms, place founder Tang Ning under criminal coercive measures

Beijing police have opened a criminal investigation into companies linked to former Chinese P2P lending giant CreditEase, according to a report cited by Techub News from 21st Century Business Herald. Founder Tang Ning and other suspects have been placed under criminal coercive measures, the report said. CreditEase had previously suspended redemptions for quasi-fixed-income products and said the group could be insolvent, with a sizable repayment gap. The development adds legal pressure to a firm that had already disclosed repayment strain. Publicly disclosed portfolio information also shows that the group and its affiliated investment funds had exposure to crypto and fintech companies, including Circle, Matrixport, Figure, Archax and Poko. The item was also referenced by the WuBlockchain account.

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Yixin

2026-10-12 08:52:16

Yixin probe puts Tang Ning’s past crypto bets back in focus

Beijing police have opened a criminal case involving Yixin-related companies after months of repayment stress at the Chinese financial services group, bringing renewed scrutiny to founder Tang Ning and the firm’s past investments in blockchain and crypto businesses. The Chaoyang branch of the Beijing Municipal Public Security Bureau said it had launched an investigation into alleged illegal and criminal activity, and that multiple suspects had been subjected to criminal coercive measures, including actual controller Tang, 53, and Zhao, 51. The police notice came a day after Yixin sent an apology letter to clients of its quasi-fixed-income products, saying the products had effectively defaulted. The company also said a third-party asset review and financial due diligence had preliminarily found that the group might be insolvent and facing a large repayment gap. As the repayment crisis deepens, Yixin’s earlier overseas portfolio has drawn fresh attention. Public records show the firm invested in Circle in 2016, before USDC was launched, and later backed Figure, Matrixport, Cashmere Wallet and Poko. Based on currently available police notices, Yixin’s apology letter and related public reporting, there is no evidence so far that the repayment shortfall was caused by crypto investments or that investor funds were used to buy crypto assets or move money on-chain.

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Dragonfly

2026-10-12 07:22:59

Dragonfly’s Haseeb Qureshi says Hyperliquid is expanding the market, not just taking share from CEXs

Dragonfly managing partner Haseeb Qureshi said Hyperliquid’s relationship with centralized exchanges is not a simple zero-sum fight for market share. Speaking in a recent Space, he said user overlap between Hyperliquid and major CEXs appears limited, with many users turning to Hyperliquid because they cannot complete KYC requirements or cannot easily access mainstream platforms in their home countries. In that sense, he described Hyperliquid as filling a gap in market access rather than merely pulling volume away from incumbents. Qureshi said exchanges including Binance have already reacted to the competitive pressure, but added that Hyperliquid’s market share growth has not been matched by a decline in centralized exchange trading volume. His reading is that both sides are growing, which points to an expanding market boundary rather than a one-way migration of activity from CEXs to Hyperliquid. He also said pre-IPO equities already show strong demand and product-market fit, while Trade.xyz remains early but is making solid progress. On the broader market, Qureshi said he is constructive on crypto over the next 6 to 12 months. Looking further out to 2030, he argued that “crypto VC” will still exist, though the label may fade as crypto becomes embedded across fintech, digital banking, consumer products, stablecoin infrastructure, and even AI-related companies.

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LG AI Researc

2026-10-12 02:27:00

LG AI Research launches AI tool for short-term South Korean stock market forecasts

LG AI Research has introduced a new artificial intelligence tool designed to predict short-term moves in the South Korean stock market. The update was disclosed by Tyger Cho, the company’s director of business development and financial services, during an interview with Bloomberg. In that conversation, Cho also discussed how artificial intelligence is being applied in finance. The report, cited by Techub News and attributed to Bloomberg Technology, points to LG AI Research’s latest push into financial AI tools focused on market forecasting. No additional technical details, launch timeline, or performance metrics were disclosed in the source material.

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