Latest Reports

  • Navigating the Future of Fintech in Asia
    Navigating the Future of Fintech in Asia Although fintech has been a global phenomenon, nowhere has the combination of finance and technology been as impactful as in Asia. This report examines some of the key fintech trends that have been re-shaping Asia’s financial industry thusfar as well as examine the trends that will shape the future.
  • Top 10 Fintech Trends in APAC 2024
    Top 10 Fintech Trends in APAC 2024 From financial inclusion to AI Fintech literacy, this report promises to be a highly valuable resource for staying ahead in the ever-evolving Fintech space, covering trends, issues, and challenges that will define 2024.
  • The Transformation of Retail Payments in Asia
    The Transformation of Retail Payments in Asia From the sprawling street markets of Bangkok to the high-tech shopping districts of Tokyo, the nature of retail payments is changing. Across Asia Pacific, a silent revolution is reshaping how consumers transact.

Events

April 23, 2024 - April 25, 2024
Money 2020 Asia 2024
October 21, 2024 - October 24, 2024
Sibos Beijing
November 06, 2024 - November 08, 2024
Singapore Fintech Festival
Insight - Kapronasia

Last Friday, the People’s Bank of China (PBOC), China’s central bank, issued a new notice for the third party payment companies which will be enacted on April 17th, 2017 and will require the payment companies to deposit around 20% of the held customer fund to specified general bank accounts.

On December 31st the State Administration of Foreign Exchange (SAFE) of China announced more stringent rules on individual purchases of foreign currencies, alarming the Chinese citizens with increased restrictions on forex-related investments at the start of the New Year.

The first batch of Chinese credit scoring companies has been waiting for their licenses for 24 months now. What are the reasons for the delay and how has the recent Alipay Circles incident affected the formal launch of the industry?

NFC standards have been agreed and in place for just over 5 years in China, but have made little headway. On Monday this week, China UnionPay launched their own QR code solution. China UnionPay was one of NFC's primary supporters, so this shift to QR could mean the end of NFC in China.

Since the start of this year, there have been many news about the set up of “Wang’Lian”, which means Non Bank Internet Payment Union, in China.

December 6th, 2016 China Merchants Bank (CMB) held its press conference in Shen’Zhen, China, for its new AI wealth management product: MachineGene Investment, or “Mo’Jie” in Chinese. The launch represented the first time a Chinese bank released a wealth management product based on AI/Robot technology.

Recent announcements in the personal credit scoring market in China show that both global established giants and smaller, but cutting-edge companies are carving out niche markets for themselves in the country.

Since December 1st, China’s Central Bank, the People’s Bank of China (PBOC), has implemented a new Classification Management Rule for Personal Bank Accounts in China. It divides individuals’ bank accounts into three categories: 1. the main account, 2. the wallet for everyday use and 3. the 'coin purse'.

This week, the Internet Banking Union (IBU) was approved by China’s central bank the People’s Bank of China (PBOC) thus creating a 'Digital Union Pay' that may bring cross-platform interoperability to digital payment platforms including Alipay and WeChat Pay. The platform is expected to launch by the end of the year and may bring a big change in the digital payment industry in China.

As part of our China Fintech initiative, we brought a group of Chinese executives to Singapore for the Fintech Festival and a number of company visits. The 17 fintech executives from some of China's largest P2P lenders, consumer finance groups and digital payments platforms were part of the group. 

Page 50 of 81