Hong Kong has approved 4 more digital banking licenses for Tencent, Alibaba, Xiaomi and Ping An; the approvals are sure...
Tencent, with advantages in cloud computing, big data, social networking, and mobile payments, will cooperate with China Development Bank to provide students loans; China Development Bank is a "policy financial institute" under the State Council; the bank covers over 90% of the student loans market. Source (Chinese)
WhatsApp, Brazil Central Bank In Talks To Restore Payments Service Volcker Rule reforms expand options for raising VC funds CMG...
The Chinese tech giant Tencent has purchased a 5% stake in Afterpay worth A$390 million (US$252 million) according to the...
This week, we look at:
What it means to ask questions and find answers
From asking simple questions that result in neobanks and roboadvisors. Who will win — Schwab or Robinhood?
To asking macro questions about the finance / high-tech competition. Who will win — Goldman Sachs or Google?
To asking profound questions about the nature of the work, and the art of finding your own questions.
We can't formulate the questions for you. But we can give you a framework of needs for both the individual, and the organization.
The questions that you ask are the answers that you will get.
DBS Banks has been in the midst of changing the way the bank operates, culturally and competitively; they now find...
In this conversation, we talk all things embedded finance, platform banking, and APIs with Simon Torrance – one of the world’s leading thinkers on business model transformation, specializing in platform strategy, breakthrough innovation and digital ventures.
There’s an enormous gap between the financial needs of humanity and what the financial sector is able to deliver there. This gap is being filled by tech-savvy solutions and embedded finance plays which are putting into question the role of a bank in this new ecosystem.
In 2015 China’s Central Bank contracted eight companies, including affiliates of Tencent, Ping An and Alibaba, to help build a...
Fintech is expected to generate $65 billion in sales by 2020 and Alibaba and Tencent are projected to capture half of the market; this would significantly increase valuations for both large e-commerce firms; online payments growth is also projected to be significant, supporting further value increases for both firms. Source
WeChat Pay will begin rolling out a credit rating for their 600 million users; the credit rating uses AI to...