Former CFTC Chairman Says Fed Should Introduce a Digital Currency
Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve should introduce a ...
Mastercard Gains Approval for Entry into China Market
Mastercard has gained approval from the People’s Bank of China (PBoC) to enter the Chinese market as a bank card clearing institution; the ...
China’s P2P Lending Market Faces Extinction
China was once home to the largest p2p lending market in the world and now it faces extinction; a few high profile cases ...
Ant Financial No Longer Boasts Largest Money Market Fund
Ant Financial’s Yu’e Bao previously had the title for the largest money market fund; however, JPMorgan and Fidelity have now surpassed it according ...
Ant Financial Revives IPO Plans
Ant Financial is seen as one of the world’s top fintech companies and is now reviving their plans for an IPO after shelving ...
China and India are Moving in Different Directions When it Comes to Fintech Funding
Last year the amount of global investment in Chinese fintech companies reduced dramatically to $4.9 billion, down from $34 billion in 2018 according ...
Hong Kong Sees Increase of Fintech Adoption
The Hong Kong Monetary Authority shared that half of the population if the city has signed up for their Faster Payment System; the ...
Amex Close to Entering Chinese Market
China’s central bank as accepted Amex’s application to start a bank card clearing business, but they still need to receive final approval; American Express has ...
China’s P2P Market Set for Another Tough Year but Potential Exists
China’s p2p lending market has been under extreme pressure in recent years as the number of platforms has shrunk to 343 from 2,680; ...
Saxo Bank Taking on the Chinese Market
Chinese majority owned Danish bank, Saxo Bank, is setting up a joint venture in China to supply financial and regulatory technology solutions such ...