Archive
Lithuania – a Top Spot for Fintech Companies
Located in the centre of Europe, Lithuania is also becoming a centre of the financial technologies sector in the European Union. Fintech–conducive regulatory environment, young and talented labor pool and ability to reach half a billion customers throughout Europe –
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Alibaba and Tencent among The First To Receive China’s Cryptocurrency, Sources Say
Alibaba, Tencent, China Construction Bank, Bank of China, Industrial Bank of China, Agricultural Bank of China, and Union Pay is amongst the first organizations to receive and interact with China’s cryptocurrency, according to an unconfirmed report by Forbes. A separate
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A Look Behind the Technology Gameplan of China’s Insurtech Giant, ZhongAn
ZhongAn Online one of the leading insurtech companies in China, announced today its first six months interim results as of 30 June 2019. By harnessing the latest technologies, ZhongAn Online continues to integrate technology into every process in the insurance
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Banks in China Are Increasingly Partnering with BigTechs
2019 has been undeniably the year of Chinese commercial banks/tech companies collaborations. Incumbents have been actively pursuing partnerships with tech firms to drive fintech adoption as part of their digital strategies. Meanwhile, Chinese Internet giants have begun shifting their focus
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China’s New Cryptocurrency to be Tested in Shenzhen
China’s State Council and the Central Committee of the Communist Party of China have released a detailed plan for wide-ranging reforms to be implemented in Shenzhen. The new guideline, released last week, outlines Beijing’s plan to turn Shenzhen into “one
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Best Brand Forward – How to Make Your Startup Appear More Professional
You never get a second chance at a first impression – this statement is applicable within all contexts in life, and even more so when it comes to business. If you’re an entrepreneur or the owner of a startup, you’ll
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How China’s Virtual Banks Are Offering Loans to Micro-Businesses Within Minutes
In China, online lenders are filling the credit gap, leveraging cutting edge technology including artificial intelligence (AI) to make lending decision in just a second. E-commerce giant Alibaba’s MyBank and Internet conglomerate Tencent’s WeBank, have dramatically changed the domestic financial
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Where Does The Future Lie for Virtual Banks?
As Asia goes through our own virtual banking revolution, looking to our western counterparts may provide hints as to where this journey could eventually take us. Though the first virtual bank (or internet-only bank as it was known then) was
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LINE Pay Begins Integrating WeChat Pay
LINE Pay Corporation, operator of the LINE Pay mobile money transfer and payment service available on the LINE messaging app, announced recently that its merchants have been integrating WeChat Pay since early August. Once system integration is complete, WeChat Pay
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One of China’s Largest Bank Is Now Using FICO’s Big Data Solution
China Construction Bank (CCB), one of the leading banks in China, announced that it has significantly lifted its approval rate and increased the automation rate in its credit card business using the FICO® Score X Data and FICO® Scorecard solutions
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