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central bank / CBDC China paytech super app

·Oct. 22, 2021

How China is winning the race in Fintech, Payments, and CBDCs, with Fintech expert Richard Turrin

In this conversation, we chat with Richard Turrin – an award-winning executive, previously heading FinTech teams at IBM, following a twenty-year career, heading trading teams at global investment banks. He’s also the author of the number one international bestseller, Innovation Lab Excellence. One of his books is Cashless: China’s Digital Currency Revolution, which brings the story of China’s incredible new central bank digital currency to the west. He lives in Shanghai, China, where he’s had the privilege of living in China’s cashless revolution firsthand.

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Blog

·Apr. 6, 2016

How Pre-approval Works in China’s Consumer Lending Market

[Editor’s note: This is a guest post from Thomas Wang, Director of Data and Science Analytics at China Rapid Finance. China Rapid...

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Asia/Pac Finance News Roundup

·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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big tech China Investing IPO / SPAC paytech

·Sep. 21, 2020

Is Ant Financial the best Fintech in the world? Let’s analyze the IPO!

In this conversation, Max Friedrich of ARK Invest, Will and Lex break down Ant Group’s highly anticipated IPO.

Ant, a spinout from Alibaba and the parent of Alipay, one of China’s leading payments companies, filed papers to IPO in Shanghai and Hong Kong.

Max, Will and Lex dig into Ant’s business, from the origins to today, discuss growth opportunities and potential headwinds and explore the multi-faceted relationships between Ant and other big tech companies and national governments.

We cannot understate how impressive Ant Financial has become, connecting 700 million people and 80 million merchants in China, with payments, savings, wealth management and insurance products integrated in one package. The company also highlights the likely road for traditional banks — as underlying risk capital, without much technology or client management.

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Asia/Pac Fintech News Roundup Online Lending

·Mar. 14, 2017

Jack Lee of FnConn Talks with CoinDesk about Chained Finance

FnConn launched Chained Finance at LendIt USA 2017; the platform is built with blockchain technology and is intended to provide alternative loans for supply chain companies; Jack Lee, CEO of FnConn, says the platform has the potential to help improve supply chain finance in a number of ways specifically through greater cost efficiency from the use of blockchain; Chained Finance will be fueled through the support of FnConn's financial subsidiary Foxconn and P2P lender Dianrong. Source

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covid pandemic exchanges / cap mkts fixed income macroeconomics narrative zeitgeist venture capital

·Mar. 2, 2020

How Coronovirus impacts Fintech, Financial Markets, and the global Economy

I look at how the news about the spread of the coronovirus are cracking the global economic machine. Some may argue that the number of people effected is still low -- but that misses the entire point. The shock of a global pandemic has revealed weakness in the financial machine, sending the stock markets falling 10% year-to-date. Gross domestic product growth is expected to slow by billions of dollars, governments and central banks are unable to implement policy to compensate with rates at historic lows and borrowing at historic highs, public market valuations will tumble arithmetically, and private Fintech companies will lose a path to exit. At least that's what the conspiracy theorists want you to think!

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Asia/Pac Fintech News Roundup

·Mar. 28, 2017

HSBC Focusing on Wealth Management Operations in Asia

HSBC is planning to hire 1,000 new Asian wealth management operations employees; the announcement is part of a cost cutting initiative which has closed 60 branches in the UK and moved 200 IT-related jobs to Asia; the newly added employees will primarily be focused on Chinese retail banking and wealth management, adding to a team of 2,400 employees. Source

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Fintech News Roundup

·Feb. 7, 2017

Innovate Finance Reports on Global Fintech Investment for 2016

Innovate Finance has released a report on fintech investment showing global investment in fintech increasing but decreasing in the UK; global fintech investment increased by 10.9% in 2016 to $17.4 billion; in the UK, fintech investment decreased by 33.7% to $783 million; fintech investment in China and the US accounted for $13.9 billion of the total $17.4 billion. Source

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Asia/Pac Fintech News Roundup

·Aug. 25, 2017

Is There a Difference Between Techfin and Fintech?

In 2015 JD Finance recommended using the term "fintech" and in December of 2016 Jack Ma, founder of Alibaba, coined "techfin"; the use of techfin showed Ant Financial's focus on building technology instead of products; the article explores whether the two concepts of fintech and techfin are actually different and the business models of JD Finance and Ant Financial. Source

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Asia/Pac Fintech News Roundup

·Aug. 18, 2017

Jack Ma-Backed Yunfeng Leads $1.7bn Purchase of MassMutual Asia Unit

Yunfeng Financial Group (Yunfeng FG) said it would be the main investor in a $1.7 billion acquisition of insurer MassMutual International's Hong Kong unit; Yunfeng FG will hold 60% of MassMutual Asia and the rest will be owned by other investors such as Ant Financial, Singapore sovereign wealth fund GIC Private Ltd and China's internet giant Sina; the deal will add insurance products to Yunfeng's existing fintech-focused financial services. Source

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