The new entity will work with businesses in a variety of ways; under “catalysts” internal consultants will help with problem solving and will include the eXellerator innovation lab; “Investments” will include their minority investments in a variety of companies; they have previously invested in Ripple and Paxata; “Ventures” will focus on their investments in new technology. Source
Standard Chartered and Ant Financial signed a memorandum of understanding to expand their fintech reach in the Belt and Road Initiative; as Banking Technology reports the details are not flushed out yet but they are looking to broaden access to financial services in countries where the Belt and Road Initiative reaches; the companies have already partnered on funding settlement, FX services and Alipay Wallet. Source.
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