DBS switched on for Suzhou start-ups
Bank stays busy via MoU and yearns for playtime at Suzhou Industrial Park.
China
Marshall Islands take on Chinese might in crypto fight
President claims it’s a ploy to turn it into a “country within our own country”.
American Express breaks into China’s payments market
First US credit card company to get Chinese central bank approval.
SPD Bank and Temenos unveil innovation lab
Partnership will enable Shanghai Pudong Development Bank to use APIs.
IFC and Ant Financial launch programme for talent development
Starting in Indonesia, the programme will target APAC countries.
New Development Bank goes live with TCS Bancs for Treasury
Picked for its range of asset classes and cloud-based systems.
Fosun feeds $5m to Israeli fintech platform The Floor
This marks Fosun’s second investment in Israel.
China crypto company ACChain goes off the grid
A real China hustle.
Alipay and Tenpay fined for breaking Chinese FX rules
China wants to keep money within its confines.
Blockchain network Nervos nervelessly nets $28m funding
Backed by investors Polychain Capital and Sequoia China.
Chinese fintech platform Pintec files $70m IPO
Comes on the back of revenue growth.
China New Era Technology Fund powers up with $15bn
China’s answer to SoftBank’s Vision Fund in Japan.
MYbank plans stellar SME support
Ant Financial brand offers the promised land.
Ant Financial lands $14bn investment for Alipay’s global march
Both domestic and international investors are participating in the investment round.
Ant Financial powers Shanghai Pudong Development Bank’s digital overhaul
Helps with risk management, AI, supply chain finance and biometrics.
China surging in payments technology: lessons for the West
What has driven the explosive growth of Asian paytech from giants such as Ant Financial and Tencent? And what’s next?
Ant Financial lights up China Everbright Bank’s digital revamp
Overhaul includes cloud platforms and mobile architecture.
Jeneration game for fintech with new $800m fund
All right, my loves? Bonus news from Hong Kong-based investor.
Banking Technology May 2018 issue out now
All encompassing. Right place, bright time.
UAE and China to create new “Belt and Road” exchange
It will serve as a key international capital-raising platform for Chinese firms.
Top fintech stories this week – 20 April 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
China Construction Bank opens robot-run branch
No human staff to be seen in this robotic dream.
Ant Financial teams with IFAD for rural economy development
Partnership aims to reduce rural poverty in China and other developing countries.
BBVA to invest $50m into Chinese venture capital fund
The fund has a special focus on artificial intelligence.
The reality of a UK fintech doing business in China
Exploring three key areas that UK fintechs need to focus on if they want to launch in China.
Two Chinese FIs live with TCS Bancs core banking system
Gansu Bank and Hunan Rural Credit Union in China have gone live with TCS Bancs.
Fintech funding round-up: 2 March 2018
Stars Blueprint Income, Wecash Technology and Everproof.
Ripple powers LianLian’s payments to China
Hong Kong-based money service will use xCurrent blockchain solution.
Alibaba acquires 33% stake in Ant Financial affiliate for fintech fuel
Looking to “participate in the future growth” of the fintech sector.
Union Mobile Financial Technology partners with transaction controls specialist Tranwall
Transaction control technology is headed to card and account holders in China, courtesy of UMF and Tranwall.
AWS opens second cloud region in China
Amazon Web Services now plans to open its second cloud computing region in China.
Google shows love for AI with new centre in China
Google has unveiled an AI centre in China as it searches out humans with ML talent.
Payoneer lands funding from China Broadband Capital
Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.
Concur launches e-receipt solution for WeChat
Business expense management firm Concur has introduced a new receipt solution, integrated with China’s WeChat platform, that makes it easier for businesses and their employees working in China to track expenses and remain compliant, reports David Penn at Finovate (Banking Technology’s sister company). The technology, Concur e-Fapiao (it means “e-receipt”), gives employers real-time access to an employee’s […]
What WeChat’s domination in China tells us about mobile banking in the coming age of the super app
Through increasing functionality and by consistently pushing boundaries, super apps could have the power to influence, shape and even redefine m-commerce of tomorrow. Tom Wood, co-founder and managing partner of experience design agency, Foolproof, shares his insight on the opportunities that super apps could bring to m-commerce.
China CITIC Bank and Baidu launch direct bank, AiBank
China’s internet giant Baidu and one of the country’s largest lenders, China CITIC Bank, have joined forces to launch a new direct bank, AiBank.
Amazon selling part of China cloud business for $300m
Amazon is selling off a portion of its cloud computing business in China to a local partner, but the company still plans to compete in what is a growing market for cloud-based services and infrastructure, reports Enterprise Cloud News (Banking Technology’s sister publication). Beijing Sinnet Technology will buy a portion of Amazon’s cloud business for […]
China overtakes US in latest top 500 supercomputer list
The release of the semiannual Top 500 Supercomputer List is a chance to gauge the who’s who of countries that are pushing the boundaries of high performance computing (HPC). The most recent list shows that China is now in a class by itself, reports Enterprise Cloud News (Banking Technology’s sister publication). China now claims 202 […]
Geoswift partners with Bank of Shanghai for remittance services
Geoswift, a cross-border payments provider between China and the rest of the world, has unveiled its partnership with Bank of Shanghai to launch a new remittance service in 2017.
Old world aces new world
With sizeable market shares, China’s mobile payments giants Alipay and WeChat Pay are seeking international expansion. What’s next for the tech giants?
