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Events

May 28, 2019 - May 29, 2019
Fixed Income Leader's Summit
July 02, 2019 - Jul 03, 2019
Moneylive APAC 2019
September 23, 2019 - Sep 26, 2019
Sibos 2019 - London
October 27, 2019 - Oct 30, 2019
Money 20/20 USA
November 11, 2019 - Nov 15, 2019
Singapore Fintech Festival
December 04, 2019 - Dec 06, 2019
Money 20/20 China Hangzhou
Latest Insight

Markets shouldn't jump the gun on a Sino-US trade deal

Written by Matt Fulco || March 15 2019

In hope of a sustained stock market rally, U.S. President Donald Trump has been pushing for a rapid conclusion to the trade war he started with China almost nine months ago. Treasury Secretary Steven Mnuchin and National Economic Council Advisor Larry Kudlow, ever mindful of investors' concerns, reportedly have The Donald's ear. Trump's patience with the hardline approach of U.S. Trade Representative Robert Lighthizer may be wearing thin, people close to the White House say.

South Korea ramps up fintech development

Written by Kapronasia || March 14 2019

South Korea’s Financial Services Commission (FSC) has announced it will set up an open interbank payment network this year in a bid to strengthen the country's nascent fintech industry. The FSC hopes that the move will help facilitate the rise of new digital finance powerhouses such as the payment apps Kakao Pay, Naver Pay and Toss.

Japan is the world's No. 3 economy and known for its tech prowess, yet the Japanese people prefer cash over other forms of payment. Just one in five transactions in Japan are cashless. Some analysts say that Japan can learn from its giant neighbor China when it comes to cashless payments. In less than a decade, China has gone from cash reliant to nearly cash free. In 2017, nearly half of the world's digital payments were made in China.

Mainland China dominates Hong Kong fintech

Written by Matt Fulco || March 12 2019

In the late 20th century, Hong Kong became the undisputed financial center of the Far East. Tokyo might have had a larger stock exchange, but the city never saw itself as a global financial hub. It was Hong Kong that attracted large global banks, PE firms and hedge funds to establish regional headquarters.

China leads global fintech funding in 2018

Written by Matt Fulco || March 06 2019

China led global fintech funding in 2018 as its tech giants stepped up their bid for global expansion. Data from a new Accenture report show that China raised $25.5 billion of $55.3 billion in fintech funding last year. $14 billion of that cash came from the mammoth Ant Financial fundraising round that closed in June 2018.

Thailand approves securitized tokens

Written by Kapronasia || March 08 2019

2019 could be the year of the securitized token. In February, Thailand became the latest country to amend regulations to pave the way for tokenized stocks, bonds and mutual funds on the blockchain. The tokenized platform is likely to be implemented this year, according to Tipsuda Thavaramara, deputy secretary-general of Thailand's Securities Exchange Commission.

Hong Kong virtual banks now a reality

Written by Matt Fulco || March 04 2019

Hong Kong authorities will reportedly soon issue digital banking licenses to six different companies in a bid to shake up the former British crown colony's financial sector. The lucky six include Chinese internet banking heavyweights Ant Financial and Tenpay, Zhongan Insurance (in a tie-up with Citic), Hong Kong Telecom, smartphone maker Xiaomi, and England's Standard Chartered Bank.

Can Japan's Line make fintech pay like WeChat has?

Written by Matt Fulco || March 05 2019

It wasn't so long ago that China's tech firms were panned as second-rate copycats. The best example might be Baidu, the search giant that is often less effective than Google in Chinese-language searches.

Tencent's WeChat messaging app changed the equation, establishing a mobile-internet ecosystem that is the envy of its global competitors. WeChat has over 1 billion monthly users (mostly in mainland China) and is the No. 5 most used app globally. Its payment platform has expanded to 25 countries. Thanks in part to WeChat business Tencent had a strong third quarter in 2018. Revenue reached $11.7 billion, up 24% over a year earlier, while profits rose 20% year-on-year to $3.4 billion.

Trump signals optimism for grand trade war finale

Written by Matt Fulco || February 28 2019

U.S. President Donald Trump is at the core of the Sino-U.S. trade war, just like he was the company boss and host of the reality-TV series The Apprentice. Trump fired many a contestant on the show. His White House staff has seen its fair share of defections too. The trade war with China has the air of reality TV, like much of The Donald's presidency, with even more twists, turns and quips. Trump became famous on The Apprentice for telling contestants, "You're fired!" In the trade war (show), his one-liners are even better: "Trade wars are good and easy to win" and "I am a Tariff Man."

Banking digitalization doesn't come easy in the Philippines

Written by Kapronasia || February 27 2019

The Philippines is gradually boosting financial inclusion as it digitalizes its banking sector. In early February, Manila-based financial inclusion firm Oradian announced it would partner with Cantilan Bank to provide digital banking services to the nation's most remote corners. In a press release, the companies said that Cantilan Bank is the Philippines' first regulated financial institution to leverage cloud-based technology.

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