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Asia/Pac

·Dec. 7, 2016

Increased In-House M&A a Trend in China

According to a report from Reuters, more large businesses in China are increasing their internal mergers and acquisitions teams and relying less on investment banks for intermediary deal support; Fosun, Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are examples, with all three reportedly expanding their in-house mergers and acquisitions teams. Source

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Asia/Pac Fintech News Roundup

·Mar. 29, 2017

Digital Investment Risks Continue in China

The Wall Street Journal reports on the prevalence of digital investment risk in China; notes 5,700 firms registered with the Association of Shanghai Internet Financial Industry; provides examples of losses from companies including Cosun and Shanghai Kuailu Investment Group. Source

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Asia/Pac News Roundup Online Lending

·Mar. 23, 2017

Xero Emerging as a Leading Platform for Working Capital Accounting Solutions

New Zealand-based Xero provides cloud-based accounting software for small and medium size businesses; it has now announced new agreements to integrate its software with working capital financing platforms MarketInvoice, iwoca and DueCourse; the business integrations will help to better facilitate invoice finance lending and working capital credit for businesses using Xero. Source

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Asia/Pac Fintech News Roundup

·Jan. 24, 2017

Aviva Hong Kong to Launch for Life Insurance

Aviva, Hillhouse Capital and Tencent have announced plans for a new digital insurer, Aviva Hong Kong; Aviva and Hillhouse will own 40% with Tencent owning the remaining 20%; the new platform will focus on selling digital life insurance in Hong Kong and will also offer additional investment products. Source

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Asia/Pac Fintech News Roundup

·Aug. 28, 2017

CB Insights: How Chinese Tech Giants Are Plowing into Southeast Asia

CB Insights outlines five tech giants' notable investments, partnerships and M&A moves in the Southeast Asia region; the five tech giants included in the article are Alibaba, Ant Financial, Tencent, Didi Chuxing and JD.com; the article highlights Ant Financial's investments in Singapore, Thailand, Philippines and Malaysia, as well as its strategic partnerships throughout Southeast Asia. Source

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Asia/Pac Europe Fintech News Roundup USA

·Jul. 14, 2020

Cross-Border Payments Need to be Fixed

Global financial transfers were more than $20tn in 2019 and are expected to hit $30tn by 2022, yet 60 percent...

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Asia/Pac News Roundup Online Lending

·Nov. 21, 2016

Southern Cross Financial Opening as a P2P Lender on December 1

Southern Cross Financial is seeking to take advantage of New Zealand's expanding real estate supply with challenges in traditional mortgage lending; on December 1, the firm will become a P2P mortgage lender, evolving from a mortgage brokerage business; the firm has been arranging loans between alternative credit consumers and approximately 150 investors as a mortgage broker; the new P2P structure will provide a more standardized process for borrowers and investors. Source

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Asia/Pac Fintech News Roundup

·Mar. 31, 2017

Wins Finance Holdings Reports Gain of +3,000%

Bloomberg reports on Wins Finance Holdings (WINS) which currently has an inception to date return of 3,305% and is trading at $230; the Chinese company has a small business loan and equipment leasing business; the stock is in the Nasdaq Composite and reports the index's highest 12-month return; while the Chinese stock appears to be a little known discovery, its business financials are rather abstract; Bloomberg provides details on the company including information from its public reports which began with its 2015 Nasdaq listing. Source

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Asia/Pac Fintech News Roundup

·Aug. 8, 2017

Ping An Investing in AI Innovation

Ping An is investing 7.77 billion yuan ($1.16 billion) in technology research and development this year with artificial intelligence as the focus; the firm's Ping An Technology division is supporting the efforts; the group has been focusing on solutions for finance and healthcare with plans to expand to other industries; the company's goals are also in line with a government initiative announced by China's State Council; current efforts for Ping An have been centered around recognition software for identity and claims management. Source

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Asia/Pac Fintech News Roundup

·Apr. 25, 2019