Archive
Ping An’s Operations Across The Board Will Be Powered by AI and Blockchain
Chinese conglomerate Ping An Insurance is applying blockchain-driven smart contracts across the full range of its operations—banking, securities, fund and property subsidiaries. A report by Sina that was translated by China Banking News said that all eight of Ping An’s subsidiaries are
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News Summary: Facebook’s Libra Crypto Project Sparks Fear and Criticism
Last week, Facebook unveiled plans for a new cryptocurrency called Libra. Set to launch as early as 2020, Libra will be a stablecoin fully backed by a reserve of real assets. The goal, it says, is to avoid high fluctuations
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Xero and Stripe Join Forces to Bring Seamless Payments to Millions of Small Businesses
Xero, the global small business platform announced a partnership with Stripe to develop new innovations that help small businesses get paid faster, in more ways, and gain more visibility over their business performance. The global partnership, announced at Xerocon San
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Samsung SDS Expands Blockchain Business with Cloud-Based Enterprise Platform
Samsung SDS introduced customers’ common pain points in adopting blockchain and announced its blockchain business direction and the solution to the pain points. When companies apply blockchain technology to their business, they have concerns on: Converging services across various industries
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Credit Suisse Collaborates with HK-Based Prive to Enhance Its Digital Offerings
Credit Suisse today announced a collaboration with Privé Technologies (Privé), a Hong Kong-based digital wealth management solutions platform provider for financial institutions, to provide External Asset Managers (EAMs) access to better wealth management technology solutions. The collaboration with Credit Suisse
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Diginex’s Digital Assets Unit Granted License from SFC
Diginex Group announced that a unit of its group Diginex AM has been granted a license a Type 4 (Advising on Securities) and Type 9 (Asset Management) license from the Securities & Futures Commission in Hong Kong. With their licensing
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South Korea’s Banks Commit US$492.7 Million to Digitisation
South Korea’s banking industry is embracing digital transformation with 65.7% of the country’s financial institutions pursuing various business projects in regard to digitalization. These firms have committed a combined 584.5 billion won (US$492.7 million) this year towards such projects, according
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SWIFT Responds to Bitspark’s Accusations That It Is Slowing Innovation
In his recently published e-book, George Harrap co-founder of Hong Kong based blockchain remittance startup Bitspark, pointed fingers at SWIFT for slowing innovation within the money transfer space. SWIFT reached out to Fintech News Hong Kong to respond to several
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Hangzhou Eyes to Produce 10 Globally Known Fintech Firms by 2022
The government of Hangzhou unveiled a plan to build the eastern Chinese city into an international fintech hub by 2030. In the same plan Hangzhou aims to help produce at least 10 globally known fintech firms by 2022. The Chinese
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