Ant Financial

Random

Ant Financial

asset management credit unions/small banks digital transformation eCommerce philosophy

·Dec. 30, 2019

7,000 bank branches shut down and 425,000 jobs lost — melting Banking into a glass half full

Let's make a collective decision to see the glass as half-full. While physical banking (7,000 US branches gone during 2012-2017) and employment in the sector (425,000 jobs lost since 2013) has been contracting, digital commerce, banking, and investment management have been growing. Even DFA is finally giving in and lowering fees on their $600 billion institutional mutual fund family. Of course, Fintech has been a slow and gradual transformation, not a rapid disruption. We can make a choice to bemoan the loss of the past, or a choice to express an excitement for the future and participate in its making. Which side are you on?

Read Full Story

Fintech News Roundup

·Jan. 31, 2017

MoneyGram’s CEO Talks about the Ant Financial Merger

PYMNTS.com provides insight from MoneyGram CEO Alex Holmes on the Ant Financial merger; the merger represents a strategic deal that Holmes says will significantly benefit the industry and the shareholders of both companies; both companies are leading payment providers with MoneyGram offering global payment processing capabilities and Ant Financial seeking to expand on its market position in payments through Alipay in China; "We are going to see, when this deal goes through, those capabilities getting built out between our two organizations in a much more robust and dynamic way," said Alex Holmes. Source

Read Full Story

Fintech News Roundup

·Feb. 22, 2019

Hong Kong Opens Banking Market to Tech Giants

Hong Kong authorities are planning to issue digital banking licenses to Tencent, Ant Financial and Xiaomi; Goldman Sachs estimates there...

Read Full Story

Fintech News Roundup

·Jan. 28, 2020

Ant Financial No Longer Boasts Largest Money Market Fund

Ant Financial’s Yu’e Bao previously had the title for the largest money market fund; however, JPMorgan and Fidelity have now...

Read Full Story

Asia/Pac Fintech News Roundup

·Apr. 19, 2017

Ant Financial Reports Payments Deal with helloPay

Alibaba payment affiliate Ant Financial has announced the acquisition of helloPay; the company is based in Singapore and will help support Alipay's strategic growth initiatives in Southeast Asia; its primary payments focus is on serving e-commerce platforms; helloPay will be rebranded as Alipay following the acquisition. Source

Read Full Story

Fintech News Roundup

·Apr. 30, 2018

FINUP IPO, Ant Financial Investments and More from China

In this week’s WeiyangX Fintech Review from Crowdfund Insider they cover financial inclusion platform FINUP’s IPO listing on Hong Kong;...

Read Full Story

Fintech News 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...

Read Full Story

Asia/Pac Fintech News Roundup

·Jan. 20, 2017

Ant Financial’s CEO Discusses Plans for Growth in Payments and Blockchain

In an interview at the World Economic Forum in Davos, Ant Financial's CEO Eric Jing talked about his plans for growth in payments and blockchain; firm is targeting two billion users by 2027; says it will more deeply integrate blockchain and artificial intelligence. Source

Read Full Story

Asia/Pac Fintech News Roundup

·Mar. 27, 2017

Alibaba’s Affiliate Ant Financial Reporting Focus on Techfin

Ant Financial is building a new platform for selling money market funds online; it is also introducing "Fortune Accounts" which will sell a broad range of investment products to Chinese consumers through its wealth management app; the first companies to partner for the Fortune Accounts are Bosera Funds, Aegon-Industrial Fund, Tianhong Fund, China Southern Fund and CCB Principal Fund with more companies to be added in June when the platform launches; Ant Financial says it plans to only develop technology to improve platforms for financial institutions, branding itself as a techfin company with no plans to develop its own financial services. Source

Read Full Story

Fintech News Roundup

·Nov. 1, 2016

Ant Financial’s Focus Still on Asia

Alibaba's fintech arm, Ant Financial, is looking to increase their Asian market share before taking on more expansion plans worldwide; while at an event in Thailand to launch a partnership with payment firm Ascend, senior company officials explained the current focus is on 370 million people in Asia without bank accounts; in addition to the Thailand partnership, the company partnered with India's PayTM last year and has secured licenses to operate in Hong Kong; according to Senior Vice President, Douglas Feagin, there were no set plans or venue for a potential initial public offering, though there were benefits to going public. Source

Read Full Story