Fintech Weekly | Issue 4

Carbon credits can also be traded, and Tanbii, a low-carbon lifestyle platform, has received millions of dollars in seed round financing

A start-up company from North America, Tanbii, a low-carbon lifestyle platform, has received millions of dollars in seed round financing, and the investors are angel investors from North America. Tanbii is a platform that provides carbon calculation and carbon trading for users and businesses. This platform is similar to Ant Forest. Users collect carbon credits by walking, cycling, and taking public transportation to reduce carbon emissions. On Tanbii, carbon credits can be exchanged for physical discounts to stimulate users' environmental awareness.

Information link:

https://www.tanbii.com/

Comments: The core concept of this entrepreneurial project is similar to the MaaS platform of the Beijing Transportation Commission. It aims to provide citizens with an integrated, full-process smart travel service that integrates multiple modes of transportation under the dual-carbon strategy.

 

Traini has received millions of seed round financing, providing AI intelligent pet training interactive platform

Recently, Traini, a global pet online training interactive platform, has completed a seed round of financing of millions of RMB. This round of financing will be mainly used for pet training course production and product promotion. Founded in 2022, Traini is a pet life technology company that focuses on cross-border innovation of artificial intelligence (AI) in pet health education scenarios.

Information link:

https://trainicunseling.com/

Comments: This project adopts the dual mode of Pet Tech+SaaS, by integrating "AI+SaaS+content+service", to provide pet owners and trainers with pet training services that are available anytime, anywhere, interesting, warm, efficient and easy to adhere to.

 

To provide edge intelligent solutions for the power industry, Jiangxing Intelligent completed a Pre-B round of financing of over 100 million yuan

Jiangxing Intelligent completed a Pre-B round of financing of 150 million yuan, which was jointly invested by Langmafeng Capital, Lenovo Venture Capital, Zhuoyuan Capital, Guangyue Capital and other institutions. This round of financing will be mainly used for technological innovation, research and development of dual-carbon related solutions, innovative application scenarios and business expansion.

Information link:

http://www.zqrb.cn/gscy/qiyexinxi/2022-11-02/A1667367464324.html

Comments: It has completed a relatively extensive layout in the power and energy industry, and has been implemented in power grids, power generation (scenery, water and fire), energy storage, buildings, industrial parks, petroleum and petrochemicals, coal mines, rail transit, water affairs, government, property and other industries. The platform + productized component method covers the whole scene of "transmission, transmission, distribution, transformation and use".

 

Smart Epidemic Prevention Digital Sentinel, Eagle Vision completes 10 million yuan PreA round of financing

Recently, Eagle Vision (Nanjing Eagle Vision Big Data Technology Co., Ltd.) completed the PreA round of financing of 10 million yuan. This round of financing was invested by Nanjing Industrial Development Fund Co., Ltd. Eagle Vision will further increase investment in research and development of core technologies and products, continue to deepen the field of digital services for government and enterprises, and actively deploy smart medical care, smart transportation, smart communities and related digital scenarios.

Information link:

https://c.m.163.com/news/a/HKP8L63O05529QGX.html?from=subscribe

Comments: It focuses on providing full-stack, integrated smart solutions including algorithms, software and hardware products for medical, government, building, finance and education fields. The company has a rich patent layout in the fields of target images, cameras, support rods, and face recognition equipment.

Insurance product recommendation platform Zelros connects with Guidwire's disaster risk database

Insurtech Zelros announced a system integration with Guidewire's HazardHub disaster risk database and will become Guidewire's US distributor. According to the cooperation agreement between the two parties, Zelros' insurance data catalog products will be integrated with Guidewire's disaster data, and support better risk assessment and pricing optimization functions during insurance sales, improve loss ratios, empower insurance agents, and enhance cross-selling. , upsell odds and customer loyalty. Zelros' API can pop up prompts in an agent's sales management system.

Information link:

https://www.zelros.com/2022/10/25/zelros-announces-integration-with-guidewire-hazardhub-data-into-its-insurance-recommendation-engine-to-bring-better-risk-assessment- at-the-point-of-sale/

Comments: Some of the latest innovations in Guidewire Live include support for open source analytical models (bring your own models), new data visualizations, HazardHub Property Risk Insights integration with PolicyCenter, and enhanced international business capabilities.

 

British insurance company LV= launches new energy vehicle service platform ElectriX

British insurance company LV= has launched ElectriX, a one-stop platform for new energy vehicles. LV= launched this platform in partnership with fleet management company CBVC Vehicle Management and new energy vehicle charging company Indra Renewable Technologies to help consumers rent new energy vehicles, purchase home charging points and auto insurance.

Information link:

https://www.lvelectrix.co.uk/

Comments: Essentially a one-stop shop, offering drivers the ability to rent a car, buy a home charger and get auto insurance, plus access to a ton of new cars.

 

Global PE giant Warburg Pincus to set up digital insurance platform Oona in Southeast Asia

Global PE giant Warburg Pincus will invest US$350 million to establish Oona, a digital insurance platform in Southeast Asia. Oona will build on two of Warburg Pincus' existing insurance assets: PT Asuransi Bina Dana Arta Tbk in Indonesia and Mapfre Insular Insurance in the Philippines. Both companies have a reputation for quality products and customer service in their respective markets.

Information link:

https://warburgpincus.com/2022/10/20/warburg-pincus-sets-up-oona-insurance-with-a-usd350m-equity-commitment/

Comments: The main direction should be to explore the Internet insurance distribution business in Southeast Asia. Previously, ZhongAn Insurance announced that its subsidiary ZhongAn International and the Southeast Asian O2O platform Grab will set up a joint venture to make arrangements in this field.

 

AXA Mansard Insurance Company to Launch Insurtech Accelerator

AXA Mansard Insurance of AXA Group said it will launch an insurtech accelerator program in Nigeria to increase insurance penetration in Nigeria. The accelerator program will develop, commercialize and operate insurtech companies at scale.

Information link:

https://www.axamansard.com/

Comments: The establishment of the accelerator is expected to accelerate seamless distribution, claims management, technology underwriting, consumer management, and fast payments in various segments of the insurance market.

Central banks in France, Switzerland and other countries explore the use of DeFi protocols for cross-border CBDC transaction settlement

On November 2, 2022, the Bank for International Settlements announced that it will launch a new project called Mariana around Central Bank Digital Currency (CBDC) and Decentralized Finance (DeFi). Banque de France, Monetary Authority of Singapore, Swiss National Bank, International Settlements Bank Innovation Centers (European Systems Center, Singapore Center, Swiss Center) will all be involved. The Mariana project uses DeFi protocols to automate foreign exchange markets and settlements, with the potential to optimize cross-border payment processes.

Information link:

https://www.nasdaq.com/articles/cbdcs-and-defi%3A-the-future-of-stablecoins

 

Hong Kong Monetary Authority to use bank data for the first time in trial application of anti-money laundering regtech tools

The Hong Kong Monetary Authority announced a number of new initiatives to promote the development of fintech in Hong Kong, including puppet account network analysis, green bond tokenization, anti-money laundering compliance technology laboratories (AMLabs), central bank digital currency, cross-border fintech cooperation, talent development, etc. The HKMA announced that, for the first time, detailed data from multiple banks will be used to pilot the application of anti-money laundering regulatory technology tools to explore how network analysis of puppet accounts can help understand changes and transfers of risks in the banking system to prevent bank accounts from being hacked. Use for fraud and to protect customers from losses caused by financial crimes.

Information link:

https://www.mpaypass.com.cn/news/202211/02120320.html

Climate change affects coffee bean production, Nestlé will invest in sustainable coffee cultivation

In October 2022, Nestlé released the Nestlé Coffee 2030 Plan, which aims to make coffee farming more sustainable. With the climate change brought about by global warming, some studies predict that by 2025, the area suitable for coffee cultivation will drop significantly, and the area that is very suitable for coffee cultivation is expected to shrink by more than 50%. At the same time, about 125 million people who depend on coffee for their livelihoods and about 80% of coffee-growing households will live on the verge of or even below the poverty line.

Information link:

https://www.nestle.com.cn/media/pressreleases/20221013-sustainable-coffee-nescafe-plan-2030

 

"22 Years of Hong Kong Listed Companies ESG Report Survey" released

Recently, PricewaterhouseCoopers released the "2022 ESG Report of Listed Companies in Hong Kong", focusing on three topics: ESG disclosure, climate risk and dual carbon goals. Most ESG issues are disclosed; climate risks are gradually approaching, 37% of the surveyed listed companies actively use the climate change disclosure framework; the dual carbon goal is increasingly clear, and 44% of the surveyed listed companies have set quantitative emission reduction targets.

Information link:

https://www.pwccn.com/en/services/issues-based/esg/esg-report-2022.html

 

Hong Kong Monetary Authority: Currently preparing the first batch of experimental tokenized green bonds

On October 31, Yu Weiwen, President of the Hong Kong Monetary Authority, said that the first batch of experimental tokenized green bonds are currently being prepared, and the target is to complete the trial issuance within this year, hoping to become the world's first tokenized green bond. Yu Weiwen said that he is still working with consultants on the issuance method and amount of tokenized green bonds, and the first batch is mainly open to institutional investors for subscription.

Information link:

https://www.163.com/dy/article/HL2B0FIV0553BD8O.html

 

Ministry of Ecology and Environment: Detailed explanation of issues related to addressing climate change

Recently, the Ministry of Ecology and Environment released the "2022 Annual Report on China's Policies and Actions on Climate Change" and held a press conference. Li Gao, director of the Department of Climate Change of the Ministry of Ecology and Environment, explained the report and related issues. The report comprehensively summarizes my country's new progress and achievements in addressing climate change since 2021, as well as its contribution to promoting global governance of climate change.

Information link:

https://www.mee.gov.cn/ywgz/ydqhbh/

The UK FCA has proposed a package of new rules to address greenwashing

In recent years, more and more investment products have been marketed as "green" or more broadly "sustainable". To combat greenwashing, the UK's Financial Conduct Authority (FCA) plans to introduce a series of measures to increase confidence in sustainable investment products and protect investors' rights.

Information Links:

https://www.fca.org.uk/

 

The Office of the Comptroller of the Currency establishes the Office of Fintech

In 2016, the Office of the Comptroller of the Currency (OCC) established the Office of Innovation to coordinate the agency's actions in support of "responsible financial innovation." Recently, the OCC once again announced that in order to keep up with the "rapidly changing banking landscape", it will consolidate the original innovation office and establish a dedicated fintech office early next year. The new office will be headed by a Chief Financial Technology Officer who has not yet been appointed.

Information Links:

https://finance.stockstar.com/IG2022103100001812.shtml

 

Singapore FinTech Festival officially opened

On 31 October 2022, the annual Singapore FinTech Festival (SFF) officially kicked off. This year's event is jointly organised by the Monetary Authority of Singapore (MAS) and Elevandi over five days. Themed "Building Resilient Business Models in the Midst of Volatility and Change," the conference is expected to attract participants from more than 110 countries and 2,000 organizations. As a world-renowned FinTech themed event, attendees will have the opportunity to learn about the latest developments in the world's FinTech industry through 450 exhibitors and 25 international pavilions.

Information Links:

https://www.mas.gov.sg/development/fintech/singapore-fintech-festival

 

The EU launches tender for blockchain data and DeFi research projects

Recently, the European Commission launched a tender for a study on "embedded regulation of decentralized finance", with a contract value of 250,000 euros, which opened for application on December 1. The goal of the six-month project is to develop, deploy and test a technology solution that enables regulators to automatically monitor compliance by reading public blockchain data.

Information Links:

https://www.120btc.com/defi/300601422.html

Industrial Securities embraces digital operation and wealth management on site

On November 3, Industrial Securities debuted at the "Evolution Trend" Hall of the 2022 Hangzhou Yunqi Conference, as a new model of digital upgrading of wealth management, and described its digital operation. Industrial Securities has regarded information technology as one of the company's three core strategies since 2009, and jointly established the industry's first financial technology innovation laboratory with Alibaba Cloud in 2020 to promote the forward-looking layout of the company's Internet ecology. In 2022, it will put forward the planning vision of "digital intelligence and innovation", and build "three ecosystems" of financial technology, wealth management and institutional services.

Information Links:

http://www.news.cn/tech/20221104/e15a9bef93f0451eadc2423a885091e9/c.html

 

The CSI Dividend Growth Index Series will be released to guide long-term investment to serve residents' wealth management

China Securities Index Co., Ltd. announced the release and revision arrangements of the China Securities Dividend Growth Index Series. Market participants said that the launch of the CSI Dividend Growth Index series will help enrich the domestic dividend index system, guide long-term investment, value investment and rational investment concepts, and serve residents' wealth management. At the same time, it will also help enhance the market's attention to listed companies with continuous dividend growth, form a positive feedback mechanism for investors' investment philosophy and dividend policies of listed companies, and promote the high-quality development of listed companies.

Information Links:

https://www.163.com/dy/article/HLAEQHMM05198CJN.html

 

Oriental Wealth: Build a wealth management service ecosystem

Zheng Likun, general manager of Oriental Wealth, said in an interview with China Securities News a few days ago that Oriental Wealth is constantly improving its financial service ecology and is committed to building an integrated Internet wealth management operator. In the future, the company will increase continuous investment in emerging technologies, enhance the core capabilities of comprehensive wealth management services, and be an explorer of digital transformation in the securities industry, a practitioner of inclusive wealth management services, and a participant in the popularization of investors' financial knowledge.

Information Links:

http://fund.eastmoney.com/a/202211022547747391.html

 

"CITIC Premium Product" Expands Again: Big Wealth Management Sails to a "New Channel"

On 8 November 2022, the CEIBS Growth Pioneer Hybrid Fund, helmed by Liu Weiwei, the proposed fund manager of CEIBS, will be officially launched. This is also the sixth product to be labeled as CITIC Premium and selected by the Premium Studio under the CITIC Financial Holdings Asset Allocation Subcommittee.

Information Links:

https://finance.sina.com.cn/roll/2022-11-05/doc-imqqsmrp5045028.shtml

Interpol launches metaverse designed for law enforcement

On October 20, 2022, the International Criminal Police Organization (INTERPOL) announced at its 90th General Assembly that it will launch INTERPOL Metaverse, a metaverse designed specifically for global law enforcement. Once operational, registered users can visit a virtual replica of the headquarters of the INTERPOL General Secretariat in Lyon, France, interact with other officials through avatars, and even participate in forensic investigations and other police officers, regardless of any geographic or physical boundaries. Immersive training courses in business competencies.

Information link:

https://cryptopotato.com/interpol-launches-metaverse-along-with-expert-group/#:~:text=On%20October%2020%2C%20the%20International%20Criminal%20Police%20Organization,worldwide%20to% 20access%20Interpol%E2%80%99s%20headquarters%20in%20Lyon%2C%20France.

 

Digital entertainment platform Zebra Labs raises $5 million

Metaverse digital entertainment platform Zebra Labs has completed a $5 million Series A financing, led by NetDragon and followed by investment institutions such as SOSV Orbit Startups. This round of financing is mainly used for the development of virtual human IP and the layout of virtual concerts.

Information link:

https://www.163.com/dy/article/HLBH0VJ605198086.html

 

Premiums remain unchanged, protection upgrades, and benefits expanded! 2023 "Beijing Pratt & Whitney Health Insurance" launched

On November 1, 2022, the "Beijing Inclusive Health Insurance" press conference was held in Beijing. The relevant leaders of the Beijing Municipal Medical Security Bureau, the China Banking and Insurance Regulatory Commission Beijing Supervision Bureau, and the Beijing Local Financial Supervision and Administration Bureau and other government departments , Representatives of 6 co-insurance bodies and media reporters jointly witnessed the official release of "Beijing Inclusive Health Insurance".

Information link:

http://finance.ce.cn/home/jrzq/dc/202210/31/t20221031_38202577.shtml

 

The Central Network Information Office "Notice on Effectively Strengthening the Governance of Cyber Violence"

Cyber violence is aimed at individuals by publishing insulting and slandering, slandering, violating privacy and other illegal information and other unfriendly information, infringing upon the legitimate rights and interests of others, and disrupting the normal network order. In order to effectively strengthen the governance of cyber violence, further consolidate the main responsibility of the website platform, improve and improve the long-term working mechanism, effectively protect the legitimate rights and interests of the vast number of netizens, and maintain a civilized and healthy network environment, the Central Cyberspace Administration announcement of".

Information link:

http://politics.people.com.cn/n1/2022/1104/c1001-32559222.html

 

China Unicom and Tencent form a joint venture

On November 2, according to the "List of Unconditional Approval of Concentration of Business Operators from October 17 to October 23, 2022" released on the official website of the State Administration for Market Regulation, China Unicom Innovation Venture Capital Co., Ltd. (hereinafter referred to as China Unicom Venture Capital) and Shenzhen Tencent Industrial Ventures Co., Ltd. (hereinafter referred to as “Tencent Industrial Investment”) established a new joint venture with unconditional approval.

Information link:

https://tech.sina.com.cn/t/2022-11-06/doc-imqqsmrp5082776.shtml

 

Bank of China Wealth Management was approved to open, and the list of senior executives such as chairman and president was confirmed

On November 4, the Beijing Banking and Insurance Regulatory Bureau issued an approval to approve the opening of Beiyin Wealth Management Co., Ltd. At the same time, since the beginning of this year, SPDB Wealth Management, Shanghai Bank Wealth Management, Minsheng Wealth Management, Goldman Sachs ICBC Wealth Management, Hengfeng Wealth Management, Boyin Wealth Management, and Beiyin Wealth Management have successively been approved to open, and bank wealth management companies have made great progress.

Information link:

http://www.cbirc.gov.cn/branch/beijing/view/pages/common/ItemDetail.html?docId=1080241&itemId=1873&generaltype=0

 

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