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Fintastico Team
2 months
https://www.proshareng.com/news/FINTECH/Insight...
Insights from Happenings in the Fintech Landscape
There seem to be a lot of interest in the unorthodox sectors across the global fintech space, particularly segments that have often be overlooked, or pose a steep curve to navigate. One of this is Banking-as-a-Service (BaaS),
Fintastico Team
2 months
https://ibsintelligence.com/3-fintech-giants-ma...
3 FinTech giants making waves in the Chinese market
FinTech companies in China serve as a support layer in the financial service industry by making use of new technologies, such as AI & IoT
Fintastico Team
2 months, 1 week
https://thefintechtimes.com/the-solution-to-chi...
Fintastico Team
2 months, 2 weeks
https://cointelegraph.com/news/alipay-set-to-al...
Fintastico Team
2 months, 3 weeks
https://www.crowdfundinsider.com/2021/05/174876...
Fintech Ant Group Affiliate MYbank Is Planning to Expand Operations in China to Serve More Rural SMEs
Fintech Ant Group affiliate MYbank is reportedly planning to expand operations in China to serve more rural SMEs.
Fintastico Team
2 months, 3 weeks
https://www.crowdfundinsider.com/2021/05/174876...
Fintastico Team
2 months, 3 weeks
https://www.finextra.com/pressarticle/87394/myb...
Fintastico Team
2 months, 4 weeks
https://cointelegraph.com/news/ant-group-highli...
Fintastico Team
2 months, 4 weeks
https://finance.yahoo.com/news/china-digital-cu...
China digital currency: fintech giant Ant Group reveals partnership history with People's Bank of China
Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Ant was invited to join the research and development of the digital yuan in late 2017, according to its poster. It also showed that MYBank, an Ant-backed online bank, became one of the operational institutions to offer the digital yuan. The People's Bank of China (PBOC) has ordered Ant Group to restructure into a financial holding company. Photo: Bloomberg alt=The People's Bank of China (PBOC) has ordered Ant Group to restructure into a financial holding company. Photo: Bloomberg> In June 2019, China's digital currency institute began to use Ant's mobile app development platform mPaaS (mobile platform-as-a-service) to develop its app. Ant officially tested China's digital yuan in July 2020. By November 2020, the fintech company had deepened cooperation with the central bank's digital currency institute over many projects, including OceanBase database. In December 2020, Ant launched a digital yuan trial in Shanghai, according to the company's poster. It also showed that Ant started to roll out the digital yuan in different parts of the country for a variety of industries at the start of this year. A MyBank representative said that it "will steadily advance the trial pursuant to the overall arrangement of the People's Bank of China". Tencent's posters at the event showed that the video games and social media giant was involved in digital currency tests from February 2018. By November that year, the Shenzhen-based company had formed a team of experts to help with system development. A company representative said that "Tencent has been taking part in the PBOC's e-CNY project from the start, and will continue to carry out pilot trials in accordance with the guidance of the PBOC". Smartphone giant Huawei Technologies Co said in a statement that it has been involved with the digital yuan since November 2019. It has helped work on technical standards, and last year its Mate 40 model became the first smartphone to feature a hardware-powered wallet for China's digital currency. Alibaba-rival JD.com said in a blog that its partnership with the PBOC started in September 2020. In January this year, it used the digital yuan to disburse the salaries of some of its employees. It has also provided technology and service support for trial programmes in Suzhou, Beijing and Chengdu. China was the first major economy to begin exploring its own digital currency in 2014. Although it is yet to officially launch, the technology has been tested in major Chinese including Beijing, Shanghai and Shenzhen. Li Bin, head of the Macroprudential Policy Bureau of the PBOC, said earlier this month that digital yuan trials will expand to 10 Chinese cities this year. Additional reporting by Minghe Hu This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2021 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2021. South China Morning Post Publishers Ltd. All rights reserved.
Fintastico Team
3 months, 3 weeks
https://www.indrastra.com/2021/03/fintech-devel...
Fintastico Team
5 months
https://www.pymnts.com/digital-first-banking/20...
FinTech Brex Seeks Bank Charter
In today’s top news in digital-first banking, Brex, which produces financial management software, announced it has filed to open an industrial bank in Utah.
Fintastico Team
5 months
https://cointelegraph.com/news/ant-backed-myban...
Fintastico Team
6 months, 2 weeks
https://www.fintechfutures.com/2021/01/exclusiv...
EXCLUSIVE: Oracle wins Flexcube deal with Somalia entrant BB Bank - FinTech Futures
Bushra Business Bank (BB Bank), a new Islamic bank based in Somalia, has signed for Oracle FS’s Flexcube core banking system.
Fintastico Team
11 months, 1 week
https://www.finextra.com/newsarticle/36419/ant-...
Ant Group plans consumer finance firm
Fintech giant Ant Group is planning to set up a consumer finance company that will offer Chinese people online loans, according to reports.
Fintastico Team
1 year
https://www.financemagnates.com/fintech/alibaba...
Alibaba’s Online Bank Unveils Five-Year Plan to Acquire More SME Customers | Finance Magnates
MYbank, today announced a five-year plan to reach more small and micro enterprises (SMEs) across China via supply chain finance and rural lending.
Fintastico Team
1 year, 1 month
https://www.finextra.com/newsarticle/36075/ant-...
Ant Financial becomes Ant Technology - WSJ
Ant Financial Services Group has been given the green light by Chinese regulators to change its name to Ant Technology Group in a move that could help it avoid scrutiny from the country's financial watchdogs.
Fintastico Team
1 year, 2 months
https://bankinnovation.net/allposts/biz-lines/l...
Jack Ma’s open banking strategy gets a boost from lockdown
Billionaire Jack Ma's Ant Financial Services Group saw a surge in Chinese banks seeking out its digital technology to keep business flowing after the
Fintastico Team
1 year, 2 months
https://www.finextra.com/newsarticle/35805/ubs-...
UBS to apply for Chinese digital banking licence
UBS is to apply for a digital banking licence in China with the aim of reaching 200,000 mass affluent clients within two years.
Fintastico Team
1 year, 2 months
https://www.fintechfutures.com/2020/05/ubs-vies...
UBS vies for Chinese digital bank licence
The rules are designed to ease foreign access to China's financial market.
Fintastico Team
1 year, 2 months
https://www.fintechfutures.com/2020/05/path-sol...
Path Solutions and Thomson Reuters extends GCC systems partnership
iMAL core banking and Onesource tax solutions to be offered in tandem.
Fintastico Team
1 year, 3 months
https://www.fintechfutures.com/2020/04/2020-rev...
2020 Review: Top 10 core banking go-lives this quarter
Looking back at some of the most interesting core-banking go-lives this quarter.
Fintastico Team
1 year, 3 months
https://thefinancialbrand.com/94871/small-busin...
Alibaba Shows How Banking Can Support Small Businesses Beyond Loans
During the COVID-19 crisis there are opportunities for financial institutions to help small businesses succeed after the shelter-at-home period ends.
Fintastico Team
1 year, 3 months
https://thefinancialbrand.com/94871/small-busin...
Alibaba Shows How Banking Can Support Small Businesses Beyond Loans
During the COVID-19 crisis there are opportunities for financial institutions to help small businesses succeed after the shelter-at-home period ends.
Fintastico Team
1 year, 3 months
https://thefinancialbrand.com/94871/small-busin...
Alibaba Shows How Banking Can Support Small Businesses Beyond Loans
During the COVID-19 crisis there are opportunities for financial institutions to help small businesses succeed after the shelter-at-home period ends.