Announcements & Releases for October 25, 2019
RM Secured Direct Lending looks to raise £10m Fiserv updates online bill pay for banks, plans real-time payments ...
The Meteoric Rise and Spectacular Fall of Peer to Peer Lending in China
Peer to peer lending in China was once a booming industry and now it is hard to believe that the industry may soon cease ...
Libra Accelerates China’s Digital Currency Plans
One of the byproducts of Facebook announcing their intentions for a digital currency is China’s accelerating production of their own digital currency; China’s version ...
China’s Hunan Province Bans P2P Lending
China’s Hunan province has taken the unprecedented move of implementing a blanket ban on all types of peer to peer lending within the province; local ...
Announcements & Releases for October 11, 2019
Headlines Claiming Institutional Interest in Crypto Down Significantly Digital currencies: the rise of stablecoins Fidelity ...
PayPal Enters Fintech in China with New Investment
PayPal will be the first foreign payment platform to process payments made in China after acquiring 70% of GoPay or Guofubao Information Technology Co.; ...
Alibaba Purchases a Third of Ant Financial
Alibaba is a leader in e-commerce and has now acquired 33% of newly issued equity in Ant, the online financial services firm; Ant Financial ...
What China Could Gain From a Digital Yuan
Quartz looks at the potential implications of China launching their own digital currency which is rumored to be happening as soon as November; it will ...
Tencent and Alibaba Not Cooperating With Beijing on Credit Data
The FT is reporting on the challenges of establishing a national credit bureau in China; the People’s Bank of China (PBoC) launched Baihang, the national ...
Announcements & Releases for September 13, 2019
OnDeck Survey: Economy is Top Concern for Small Businesses Ahead of 2020 Election Goldman taps Amazon executive as ...