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Ant Financial

big techChinadigital lendingdigital transformationpaytech
·Jul. 31, 2020

Growth of brand banking, tragedy of OnDeck vs. Kabbage, and the Indian Fintech war between WhatsApp and WeChat

The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.

Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.

Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.

Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.

And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.

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Fintech
·Jul. 20, 2020

Ant Group Plans Dual IPOs in Shanghai and Hong Kong

Ant Group, formerly known as Ant Financial, the creator of Alipay, has said that it is planning to do dual...
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Fintech
·Jun. 22, 2020

Ant Financial Changing Name to Ant Technology Group

China’s fintech behemoth Ant Financial is changing its name; Ant Financial Services Group has received approval to change its name...
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eCommerceneobankpaytech
·Jun. 5, 2020

Cash App, Venmo, Digital Wallets and Challenger Banks with ARK Invest

Welcome back to the Fintech Blueprint / Rebank podcast series hosted by Will Beeson and Lex Sokolin. Max Friedrich is a fintech analyst a ARK Invest, a public markets investment manager focused on disruptive technologies including autonomous tech, robotics, fintech, genomics and next generation internet. Max recently published a report on digital wallets, including Venmo and Square’s Cash App, which is available for download on ARK’s website. In this conversation, we explain why Cash App has seen exponential growth.

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central bank / CBDCChinacovid pandemicmacroeconomicsregulation & compliancesmall businessstablecoins
·Apr. 20, 2020

War over Money reaches new heights, as Libra opts into regulation, China launches national blockchain, and Financial Stability Board raises alarm

This week, we look at cash -- blockchain cash. The war for money is just starting to ramp up, as Facebook Libra explains its new regulated plan, the Chinese national Blockchain Service network goes live, Ethereum stablecoins reach historic market caps in the billions, and the Financial Stability Board recommends to go heavy on global stablecoin arrangements. In 2008, Bitcoin threw a rock through the window of the financial skyscraper, and today we are starting to see the cracks. As the US government runs out of $350 billion in small business bail-out money and gets ready to print more, where do you stand?

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FintechUSA
·Jul. 22, 2020

Chinese Fintech Company Lufax Considering a US IPO This Year

On the heels of the Ant Financial IPO news earlier this week leading Chinese online wealth management platform Lufax is...
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Asia/PacEuropeFintechUSA
·Jul. 9, 2020

More News for July 9, 2020

Alibaba’s Ant Group Plans Hong Kong IPO At $200B+ The Startup Movement Is Globalizing: New Report Proves It Global Digital...
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macroeconomicssuper app
·Jun. 15, 2020

Amazon/Goldman partnership, TikTok banking license, and Ethereum fintech through the lens of Aggregation Theory & Super Apps

If you are in finance and only looking at banks, you are missing out on the real change agents. Here's some cross-industry action that we will unpack this week.

Amazon selected Goldman Sachs to be the lender of choice for small business loans. TikTok maker ByteDance is working with a Singaporean business family to get a financial license. And small business bank Starling is integrating Slack, energy switching service Bionic, and health insurance provider Equipsme into their marketplace. And we might as well talk about the Plaid Exchange launch, and end on the computational economy of Ethereum.

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FintechNews Roundup
·May. 27, 2020

Tencent & Alibaba Find Value in Buy Now Pay Later

Chinese giants Tencent and Ant Financial have found value in the buy now pay later industry with the companies buying...
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FintechNews RoundupUSA
·Apr. 2, 2020

Ant Financial and Vanguard Roll Out New Offering

Vanguard and Ant Financial have a joint venture and have created a new robot adviser to market to Ant’s 900...
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