This is the era of blockchain and crowdfunding. This is the era of disruption. The emerging crypto market is comprised of a new and distinct set of investors and entrepreneurs. A new economic ecosystem has surfaced, causing substantial disruptions to ...
China’s MYbank opens API to Chinese financial institutions
MYbank, an online private commercial bank in China with a focus on SME financing, today announced the launch of the Star Plan to open up its AI, computing and risk management capabilities to financial institutions in China. Through sharing these ...
First Data enables Alipay acceptance at 35,000 North American merchants
Alipay and fin-tech services provider First Data (NYSE: FDC), today announced an expanded partnership that adds 35,000 merchants to the growing roster of businesses accepting Alipay in store. The expansion allows U.S. merchants to offer Alipay’s 600 million registered Chinese ...
China’s Xinyuan Real Estate exploring blockchain with Ruizhuoxitou
Xinyuan Real Estate (NYSE: XIN), an NYSE-listed real estate developer and property manager operating primarily in China but also in other countries, today announced an update on its technology initiative with blockchain platform developer Ruizhuoxitou. “Since 2016, we have invested ...
Chinese installment payment use on rise: LexinFintech report
LexinFintech Holdings (NASDAQ: LX), an online consumer finance technology platform for educated young adults in China, today released its “2017 Installment Shopping Behavior Report.” The use of installment payments is on the rise in China and will continue gaining in ...
Blackhawk Network to expand U.S. Alipay mobile wallet acceptance
Blackhawk Network and Alipay, a digital payment platform operated by Ant Financial Services Group, have partnered to expand Alipay’s mobile payment acceptance and engagement offerings to participating U.S. retailers. Leveraging Blackhawk’s technology, the partnership will present an opportunity for Blackhawk’s ...
DTCC’s Omgeo CTM to help outside companies in China
The Depository Trust & Clearing Corporation (DTCC) recently announced its Omgeo Central Trade Manager (CTM) now enables Wholly-Foreign-Owned Enterprises (WFOE) in providing Private Fund Manager (PFM) services in China. Omgeo CTM is DTCC’s strategic platform for the central matching of ...
TransferWise’s open Chinese currency corridors
Peer-to-peer money transfer platform TransferWise has opened up what has been one of the world’s most difficult and expensive currency corridors. TransferWise customers can now make transfers to China from 14 different currencies, including the U.S. dollar, British pound, and ...
China: Fire the starting pistol, the great fin-tech space race is on
Could China’s cryptocurrency replace the U.S. dollar as the world currency? China is the world’s second-largest economy — but not for much longer by the look of things. There are huge advantages to providing the world with what amounts to ...
Global markets end tumultuous month on a high
2016 has seen some dramatic falls already, but Bank of Japan’s negative interest rates put some hope back into the global economy