Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
China
Alipay launches prepaid card for international visitors
Prepaid card scheme for international visitors is a first for the giant Chinese payment firms.
German bank association fires shots at Libra, calls on politicians and central banks for digital euro
The association wants a crypto led by European commercial banks and politicians.
How to provide customers from China with a habitual and convenient service
An official account is the first step for a company towards the Chinese audience.
Natwest, Nationwide and RBS pull banking apps from Google Play for Samsung S10 users
The S10’s fingerprint feature glitch means it can be unlocked by anyone.
India’s fintech Paytm in talks with T Rowe Price for $1 billion funding round
Existing investors SoftBank and Ant Financial are also expected to participate.
China to ditch some foreign ownership limits next year as trade-war concession
Limits to be scrapped for securities, futures and fund management firms next year.
PayPal is first foreign company to nab Chinese payments licence
Acquisition of GoPay gives PayPal a way into the Chinese market
Beijing’s digital currency drives Chinese fintech stocks skyward
China’s fintechs have seen share price rises of up to 200%.
Sibos 2019: Watch out for Asian big techs like Alipay, Accenture warns banks
Bigtechs have been quietly accumulating lots of data.
Sibos 2019: London could be “centre of the world” for RMB
HKEX CEO says stock exchange merger will boost UK capital
JD.com fintech affiliate launches new digital wallet in Thailand
JD Digits has partnered with Central Group to launch digital wallet app Dolfin.
Deutsche Bank launches first Shanghai innovation hub
The new hub will be the innovation arm of Deutsche Bank in China.
People’s Bank of China to issue fintech development plan
The strategy will include actions to control risk.
Japan’s Line Pay integrates China’s WeChat Pay
The global alliance will boost Japan’s revenue from inbound Chinese tourists.
China’s Transsion and Wapi Capital start African fintech fund
Transsion will provide equity-based investments of up to $100,000.
India takes over China for number of fintech deals in Q2
Fintech deals in China fell 81% in Q2.
essDOCS enables first fully integrated paperless iron ore trade
The trade traveled from Australia to China on the Voltron blockchain.
WeChat Pay and Alipay partner QFPay raises $20m
The latest funding round brings QFPay’s total to $36.5 million.
Standard Chartered Bank launches Shanghai eXellerator lab
It will tap into China’s advances in artificial intelligence, biometrics and mobile payments.
Standard Chartered and Linklogis debut joint transaction on blockchain platform
The bank leveraged Linklogis’ WeQChain platform.
China Merchants Bank picks OneSumX for regulatory reporting
The bank claims that Wolters Kluwer offers unrivalled expertise.
Temenos systems on the cloud support BMCE launch in China
BMCE Bank’s new operation in China for corporate banking and trade finance.
Sumitomo Mitsui Trust Bank turns to Oracle FSS for tech modernisation
EXCLUSIVE: SMTB is modernising its core, lending and payments tech for corporate banking in Japan and abroad.
WorldRemit launches international transfers to UnionPay cards
It has been enabled by a partnership with Merchantrade.
QR payment firm Citcon raises $5m
Catering for the Chinese market.
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.
