News
Financial crime compliance costs in APAC to top $50 billion this year
Increased geopolitical risk, money-laundering laws and tech investment are making financial crime compliance more expensive, says LexisNexis. Read more…
finance
News
Cryptocurrencies are still tumbling, and regulators are losing patience
Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle. Read more…
News
Fidelity sets up shop in the metaverse where all the kids hang out
Fidelity Investments targets young investors with a virtual building in Decentraland that offers financial education – and dancing. Read more…
News
Babel Finance raises $40 million as interest grows in Asian crypto
The $40 million fundraising by Babel Finance shows growing investor interest in Asia’s cryptocurrency players despite tougher regulations. Read more…
News
Finance, technology and consumer goods firms hiring tens of thousands
Coronavirus is roiling global job markets, but it’s not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands Read more…
News
Samsung to provide finance to smartphone buyers in India
Samsung Electronics is to provide finance to potential smartphone buyers, a company executive said on Thursday, in a bid to boost smartphone sales in India Read more…
News
Huawei to issue two tranches of Chinese bonds
Huawei Technologies plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each. Read more…
Views
Who will really change the finance world with fintech?
Changes in the finance industry have been quite insignificant and even the new technology, or fintech, has only played a small role – so far. Read more…
Features
Indonesia issues ‘James bonds’ to help balance the books
Indonesia’s finance ministry used celebrities, dance music and social media influencers to pump up interest in national savings bonds. Read more…
News
Three big Australian banks to trial blockchain for retail financing
Australian banks will test a bank-guarantee platform for shopkeepers that uses a shared database, the first use of blockchain for retail finance Read more…
Views
Defining financial inclusion and its true value to society
At least 1.5 billion adults worldwide do not have access to financial services and, as a result, are not benefiting from financial inclusion. Read more…
Views
Follow the FinTech: the new battle for control
Money, power and politics have always been linked to each other. The control of banks and finance services is an important way to use power and control macro developments. For example, anti-money laundering measures are Read more…
News
Banks launch blockchain-based trade finance platform in HK
HONG KONG (Reuters) – A new blockchain-based trade finance platform, developed by HSBC, Standard Chartered and ten other banks, was launched in Hong Kong on Wednesday to boost efficiency in the multi-trillion-dollar funding of international Read more…
Views
Criticizing FinTech over reputation risk is sheer hypocrisy
Traditional finance institutions often question and criticize the new finance models enabled by FinTech, using the excuse that banks are heavily regulated and must manage risks and protect their reputations. Yet the banking sector has Read more…
Off the Wire
Standard Chartered in blockchain bank-guarantee pilot
Standard Chartered has announced it is collaborating with Siemens Financial Services, the financing arm of Siemens, and digital trade provider TradeIX on a client pilot in the UAE to create an end-to-end blockchain-based smart guarantees Read more…
Features
Beijing quashes protests over P2P lending crisis
BEIJING (Reuters) – Peter Wang was asleep at his home in Beijing last Monday when police officers arrived before dawn to detain him, saying he had helped organize a protest planned for later that day. Read more…
Views
Wanna use FinTech to monetize web services? The East is already doing it
“The West monetizes web services with the advertising model, and the East monetizes them with FinTech.” I heard this comment at a think tank event I recently participated in. It is a very interesting observation. Read more…
News
Baidu beefs up financial services biz by selling majority stake in it
(Reuters) – China’s Baidu said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management and Carlyle Group, as it looks to Read more…
Views
Financial services are finally getting real about AI apps
Clear away the vendor hype and desperate “me too” announcements from across the sector, and the evidence is starting to mount that financial services is exploring serious applications of artificial intelligence (AI). The technology is Read more…
News
Grab teams with Credit Saison to offer financing services
SINGAPORE (Reuters) – Southeast Asia’s Grab has teamed up with Japanese credit card company Credit Saison to provide loans and lending services in the region, marking the ride-hailing firm’s biggest expansion into financial services. Their Read more…