Tagged: china

Digital Transformation: QR Code Payments Increasingly being Adopted Globally, Research Report Reveals

QR Code Fintech Insider

In the United Kingdom, the general population has become “far more accustomed to the use of QR codes, with the requirement of NHS Test and Trace check-ins in public spaces,” according to an update from Juniper Research. The report from Juniper notes that this  method… Read More

AntChain Introduces Video Copy Detection Solution to Protect Creators from Copyright Infringement

Magnifying Glass Investigate Clue

AntChain, the “flagship” tech brand of Ant Group, recently launched a new video copy detection solution “to help make copyright protection technologies more efficient and accessible to content creators.” With the recently developed algorithms, AntChain’s new solution can “precisely identify and localize infringements in video… Read More

Ant Group Partners with Payments Platform 2C2P, Will Become Majority Shareholder

Ant Financial Office

Ant Group, an offshoot of Alibaba and the owner of the largest payment platform in China – Alipay, has partnered with 2C2P – a global payments platform. Simultaneously it was announced that Ant Group will become the majority shareholder of 2C2P upon completion of the… Read More

China’s Greenland Financial Technology Partners with Singapore’s MetaVerse Green Exchange on Cross-Border Digital Carbon Credits, Crypto-Assets

Great Wall of China Beijing China a

Greenland Financial Technology Group (Shanghai), a core platform of Greenland Group, a Fortune 500 company and one of Shanghai’s biggest state-backed enterprises focusing on real estate, infrastructure and finance, and the MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary… Read More

People’s Bank of China Now Supporting “Controllable” Risks in Fintech Innovation in Alibaba Group’s Zhejiang-based Offices

Yuan Renminbi China

Financial regulators in China, including the nation’s reserve bank, and the Zhejiang provincial government are reportedly supporting “controllable risks” in the country’s digital commerce hub in order to promote Fintech innovation. This, according to a government update reviewed by the SCMP. The People’s Bank of… Read More

China: WeiyangX Fintech Review

shanghai China at Night

Shanghai Data Exchange Launches Recruitment Campaign in the Metaverse From March 7th to 14th, Shanghai Data Exchange (SDE) launched a recruitment campaign in a metaverse style, which was the first recruitment event since its establishment in November 2021. SDE is expected to recruit globally for… Read More

MoneyGram Penalized $8.25M for Lax Agent Supervision During Chinese Transfer Spike

Red Card Penalty Fine Infraction

MoneyGram has agreed to pay an $8.25 million fine related to its failure to properly monitor local storefronts’ transfer activity to China. The company confirmed today it agreed to the settlement with the New York Department of Financial Services through a consent order. The company… Read More

Zhejiang University International Business School Reviews Challenges of Fintech

Zhejiang University International Business School FTRI China

Zhejiang University International Business School (ZIBS) has concluded the Fintech and Regulatory Innovation (FTRI) Program for its inaugural China cohort, according to a statement from the organizers. The school reports that this cohort was comprised of 34 executives and senior managers from Mastercard, Invesco Asia-Pacific,… Read More

VeChain Helps Launch Shanghai Association Standards for Blockchain Service Certification

shanghai China at Night

VeChain developers note that the blockchain sector in Shanghai has enjoyed  “robust” and “fast-paced” development because of the city’s ongoing efforts and their willingness to embrace blockchain tech. To expedite the development of blockchain or distributed ledger tech (DLT)-powered services in Shanghai, the Shanghai Municipal… Read More

Fintech Qudian Receives Notice Regarding NYSE Continued Listing Standards

Wall Street New York City

Qudian Inc. (NYSE: QD), a technology platform supporting the enhancement of the online consumer finance experience in China, recently announced that it has received a letter from the New York Stock Exchange (NYSE) dated February 7, 2022, informing the company that it is “below the… Read More

China to Account for 37% of Global Digital Commerce Payments by TX Value by 2026, Juniper Research Reports

Yuan Renminbi China

Digital commerce is a major engine of the global economy. It experienced an economic upshift during the year 2020 as a consequence of the economic slowdown that accompanied the COVID-19 crisis. At the same time, the continued digitization of commercial and consumer transactions “contributed to… Read More

Remittances: Sber Introduces Fund Transfers to China by Using Phone Numbers

Yuan Renminbi China

Sber has reportedly marketed money transfers to Alipay wallets in mainland China by using phone numbers. In order to make a remittance payment, users simply need to indicate the phone number and full name of the intended recipient via SberBank Online, and the funds will… Read More

ComplyAdvantage Predicts Landmark Year for Fintech Industry Compliance Professionals

2022

The team at ComplyAdvantage has released their new report, titled The State of Financial Crime 2022. ComplyAdvantage’s outlook for 2022: From supply chains in crisis to “high-wire” geopolitical standoffs and the implementation of updated regulatory frameworks, it’s going to be “a landmark year for compliance… Read More

Wise Teams Up with Tencent Financial Technology to Streamline Global Money Transfers to China via Weixin

Wise Transferwise on iPhone 12

Wise clients across the globe will now have the option to conduct quick, seamless and cost-effective global fund transfers to Weixin users residing in China from 11 different currencies, including SGD, USD and GBP. Wise (LON:WISE), the international tech firm focused on creating the best… Read More

China: WeiyangX Fintech Review

Winter Xicheng District Beijing China ajmal mk unsplash

HKEX Welcomes the First SPAC On January 17th, Aquila Acquisition Corporation, a special purpose acquisition company (SPAC), submitted a listing application to HKEX. The sponsors of the company are CMB International Capital Corporation Limited (“CMBI”) and AAC Mgmt Holding Ltd. According to the preliminary prospectus,… Read More

Bitcoin Mining Report: Analysts Expect to See Multiple Crypto Mining Firms to Complete Listings on the NASDAQ

Mining Hardware Computers

Brandon Bailey, a crypto mining analyst at Galaxy Digital, notes that a strong Bitcoin bull market, “authoritarian” crackdown on cryptocurrency mining in China and “flight to North America” seems to have flipped the international hashrate economy on its head during 2021. In a recent report,… Read More

Southeast Asia’s StashAway, a Digital Wealth Manager, Says they’re Prepared for a Solid 2022

matthieu buhler Asia Pacific unsplash

Stephanie Leung, Group Deputy CEO at Southeast Asia’s StashAway, a digital wealth manager, notes that the COVID-19 outbreak has accelerated three key trends: a new inflation regime, China’s economic recovery, and the Fourth Industrial Revolution. According to Leung’s observations, the Coronavirus pandemic has continued to… Read More

People’s Bank of China Comments on Fintech Development Plan

China one Yuan Money Mao

The People’s Bank of China has commented on the country’s “Fintech Development Plan” (2022 to 2025). The PBC states that the plan is formulated in accordance with the “Fourteenth Five-Year Plan for National Economic and Social Development of the People’s Republic of China and the… Read More

Using Quantum Tech to Exploit Bitcoin (BTC) Protocol May be Theoretically Possible, but Quite Challenging in Practice: Report

Bitcoin dartboard

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that advances in quantum computing are “stoking fears” that Bitcoin’s wallet structure is “vulnerable to exploits,… Read More

Bitcoin (BTC) Ends 2021 at $47.4K Avg Price, Up 4.3x from 2020’s Full-Year Avg: Report

Double Bitcoin

Bitcoin (BTC) ended 2021 at an average price of $47,400, as Ray Dalio noted that BTC has “proven itself.” Meanwhile, MicroStrategy (Nasdaq: MSTR) continued to acquire more of the leading cryptocurrency to strengthen its corporate treasury, the team at Blockstream noted in a recent market… Read More

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