Chinese Banks Should Expand Their Credit Card Offerings
In China only prime consumers have credit cards with just 21% of the population carrying one; the delinquency rate on these credit cards is just ...
Announcements & Releases for April 22, 2019
Big Banks vs. Silicon Valley Startups – Whose Customer Financial Data Is It Anyway? Mixed Bank Earnings; PeerIQ’s ...
Announcements & Releases for April 19, 2019
Ally Financial Teams Up With Better.com to Create End-to-End Digital Mortgage Experience Bankin’ Raises €20M in Series B ...
China’s Commercial Banks are Starting to See the Benefits of Fintech
Chinese commercial banks are beginning to see how much fintech can benefit them as they increase their spending and start partnerships; China Construction Bank ...
Alipay is Not Yet Looking to Launch for U.S. Customers
Chinese tourists are able to use Alipay at more than 200,000 U.S. locations but the company does not have plans to launch fully in ...
Hong Kong Approves First Batch of Digital Banking Licenses
The Hong Kong Monetary Authority (HKMA) has approved the first batch of digital banking licenses for Standard Chartered, a Bank of China subsidiary and online insurer ZhongAn ...
Standard Chartered Partners for Virtual Bank in Hong Kong
Standard Chartered Bank is partnering with travel focused fintech Ctrip Finance, a telecoms provider HKT and their parent company PCCW to create a new virtual ...
Qupital Raises $15 Million to Expand into China
The company claims to be Hong Kong’s largest trade financing platform for SMEs; the $15 million Series A round was led by CreditEase Fintech ...
China and UK Seek to Boost Fintech Partnership
In a recent interview the Lord Mayor of the City of London, Peter Estlin, said that the UK is looking to form closer ties with ...
Chinese Fintech, UP Fintech Holding Prices IPO
UP Fintech Holding is an online broker based in China and has raised $104 million by offering 13 million ADS shares at $8, above ...