The State of Fintech in China
Knowledge@Wharton reports on the state of fintech in China, the largest fintech market in the world; according to analysis by Accenture, the value of fintech ...
Announcements & Releases for July 12, 2019
How banks are striking back against Quicken Loans and other digital-first lenders in the $9 trillion US mortgage market ...
How Libra Could Impact China’s Cryptocurrency Market
The news of Facebook launching a digital currency has brought news that the People’s Bank of China (PBoC) is now looking into allowing a ...
Digital Bank WeLab Gaining Traction in Hong Kong
WeLab is one of eight virtual banks that have received banking licenses from the Hong Kong Monetary Authority this year; WeLab has raised $220 million ...
New Virtual Banks Could End HSBC’s Hong Kong Dominance
HSBC has enjoyed a healthy business in Hong Kong as the bank has built a 35 percent share of the retail loan market; the ...
China’s P2P Lenders Look to Neighboring Countries as Regulators Keep Cracking Down
Chinese p2p lending has been put in a stranglehold by the government in the last couple of years as they look to have lenders ...
Ping An Uses Facial Recognition to Assess Risk
Ping An Insurance Group is China’s largest insurer and one of its biggest financial conglomerates; the company has become a leader in facial recognition ...
Ant Financial Strikes Joint Venture with Vanguard
Ant Financial owns the world’s largest money market fund and has just struck a joint venture with the Shanghai subsidiary of Vanguard; Vanguard will ...
HSBC Launches Digital Wallet for Small Businesses in Hong Kong
HSBC has launched a digital wallet in Hong Kong that targets startups and other small businesses; the bank said they have received thousands of ...
Announcements & Releases for May 31, 2019
Money Dashboard integrates with Revolut and Marcus; hires CFO Fifth Third Bank Files Application with Office of the ...