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…
“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…
(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…
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…
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…
Changes take time … until they suddenly seem to appear out of nowhere. Financial services are at the cusp of a remarkable change that few bankers realize. The decentralization of technology, new regulations, increasing competitiveness Read more…
LONDON (Reuters) – Global banking regulators signalled on Monday they were in no rush to adapt their rules to financial technology firms that have begun nibbling away at banks’ markets. The regulators looked at how Read more…
ICOs and cryptocurrencies became a big thing last year. Some people think they have changed the whole world, while others think they are the biggest bubble we’ve seen in a long time. The value of Read more…
ICOs and cryptocurrencies had a bigger than expected role in FinTech and alternative finance in 2017. We haven’t yet seen a big disruption in the finance ecosystem and value chains as a whole, but the Read more…
Blockchain has been compared to TCP/IP in terms of how it enables new distributed finance solutions in the same way that TCP/IP enabled internet services. It certainly looks like distributed finance solutions will disrupt the Read more…
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