QR payment firm Citcon raises $5m
Catering for the Chinese market.
China
Video: fintech news weekly round-up – 1 April 2019
Apple’s new credit card, New York goes fintech, and more!
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
ING and Bank of Beijing create digital bank in China
Through an investment of $447 million.
Pintec acquires Australian credit risk solution provider InfraRisk
Chinese firm seeks action abroad and aims to boost its “SaaS Plus” model.
Ant Financial tag teams Hoperun for new core banking product
The Chinese firms have released their Distributed Core Banking Platform (DCBP).
Shuhe snaps up $30m funding from internet giant Sina
Chinese start-up wants to improve its data capabilities.
Ping An plans $8bn IPO of fintech subsidiary
Insurtech postponed IPO of OneConnect last year due to stock-market unrest.
Ping An pushes into Indonesia’s fintech space
Its subsidiary OneConnect plans to offer AI, blockchain and biometrics.
Hong Kong Exchange buys into Shenzhen fintech
HKEX looking to boost its financial markets tech capabilities.
StanChart seeks supply chain finesse with Linklogis
Bank will use firm’s digital blockchain for clients in China.
WorldFirst closes US operations to save Ant Financial deal
UK currency exchange doesn’t want the acquisition derailed by regulators.
China plots Nasdaq-style tech board
China Securities Regulatory Commission outlines its ideas.
Mizuho makes move on Chinese fintech start-ups
Signs MoU with Zhongguancun Development Group for fresh talent.
Tencent-backed WeBank eyes Australian expansion
Chinese digital bank is applying for trademarks Down Under.
China bosses blockchain and AI patents
Research by UHY reveals that Chinese companies filed 32% of all global blockchain patents in 2017.
Wirecard releases Visa card for Chinese tourists
A multi-currency card for the most frequented destinations.
China Banking Association pushes trade finance on blockchain
New interbank platform unleashed with big names onboard.
Didi does in-app financial services across China
Launches mutual protection, personal credit and automobile financing products.
Blockchain explorers get fearsome Enjin
Singapore firm unleashes “Google of the blockchain”.
Ant Financial looking to buy UK’s FX firm WorldFirst
Could take place in the next few weeks for over £550m.
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NEO Global Capital invests in blockchain platform Ultrain
Decentralised computing platform plans to build cloud infrastructure.
Beijing plots to make fintech grand thing
The capital reveals its tech development plan up to 2022.
DBS switched on for Suzhou start-ups
Bank stays busy via MoU and yearns for playtime at Suzhou Industrial Park.
Marshall Islands take on Chinese might in crypto fight
President claims it’s a ploy to turn it into a “country within our own country”.
American Express breaks into China’s payments market
First US credit card company to get Chinese central bank approval.
SPD Bank and Temenos unveil innovation lab
Partnership will enable Shanghai Pudong Development Bank to use APIs.
IFC and Ant Financial launch programme for talent development
Starting in Indonesia, the programme will target APAC countries.
New Development Bank goes live with TCS Bancs for Treasury
Picked for its range of asset classes and cloud-based systems.
Fosun feeds $5m to Israeli fintech platform The Floor
This marks Fosun’s second investment in Israel.
China crypto company ACChain goes off the grid
A real China hustle.
Alipay and Tenpay fined for breaking Chinese FX rules
China wants to keep money within its confines.
Blockchain network Nervos nervelessly nets $28m funding
Backed by investors Polychain Capital and Sequoia China.
Chinese fintech platform Pintec files $70m IPO
Comes on the back of revenue growth.
China New Era Technology Fund powers up with $15bn
China’s answer to SoftBank’s Vision Fund in Japan.
MYbank plans stellar SME support
Ant Financial brand offers the promised land.
Ant Financial lands $14bn investment for Alipay’s global march
Both domestic and international investors are participating in the investment round.
Ant Financial powers Shanghai Pudong Development Bank’s digital overhaul
Helps with risk management, AI, supply chain finance and biometrics.
