News > FinTech, AI

Barbarians at the Gate? Chinese Banks Ramp up Fintech Spending Amid Growing Competition From Internet Firms
It looks like the Chinese fintech arms race is starting to get interesting. According to the South China Morning Post, Chinese commercial banks have ramped up their fintech investments as the likes of Tencent and JD.com slowly “chip away at their businesses.” China Construction Bank reportedly increased fintech development to 2.2% of operating income in 2018 – a 22% climb
Elizabeth Warren’s Big Ideas on Big Tech
The debate about how to regulate the tech sector is eerily reminiscent of the debate over financial regulation in the early 2000s. Fortunately, one US politician has mustered the courage to call for a total rethink of America's exceptionally permissive merger and acquisition policy over the past four decades. CAMBRIDGE – Displaying a degree of courage and clarity that is
Line, Japan’s Most Popular Messaging App, Is Setting Its Sights on Fintech
In an effort to remain disruptive, Japan’s most popular messaging app is branching onto the fintech space, according to PYMNTS: In an interview with the The Financial Times, Shin Jung-ho, the founder of the company said Line is expanding into cashless payments and FinTech in an effort to not remain complacent or stagnant. “My biggest priority is to ensure that the company
Planning For Apple’s Credit Card? This Could Help You Decide
FinTech, AI
Image source: YouTube Video Screenshot On Monday, Apple announced a new credit card in partnership with Goldman Sachs. Apple’s credit card is simply called “Apple Card” and is being promoted as a card with no fees, attractive rewards and deeper integration with the iPhone. Though these things are good, they are not enough to determine if you really need the
Male And Female Entrepreneurs In Startups
Men still dominate the UK startup landscape, with 80.6% of companies launched between 2000-2018 being founded by men ernestoeslava / Pixabay It’s safe to say that the UK’s startup scene has always been largely a Y-chromosome dominated space. Over the past few years, the UK government and independent bodies have increasingly made efforts to level the playing fields between male
Ping An Seeks to Float $8 Billion Fintech Unit in Hong Kong
Hong Kong Blockchain Week is happening March 4-8, 2019. Click here to meet 3,000 plus blockchain industry leaders. Chinese insurance juggernaut Ping An is warming up for a blockbuster IPO in Hong Kong, writes Bloomberg: Ping An Insurance (Group) Co., China’s largest insurer by market value, is gearing up for an initial public offering of its OneConnect unit that could
Top 10 Best Startup Cities In The World: Check Them Out
rawpixel / Pixabay Startups have been mushrooming in hundreds of cities around the world. But some cities have the right conditions and regulations to attract entrepreneurial talent and help them flourish. Entrepreneurs want to be in cities that offer a supportive environment for innovation. Silicon Valley in California remains one of the world’s biggest startup hubs. But some other cities have
EmTech Asia Explores Tech’s Impact on Life and the World Around Us
Organized by the MIT Technology Review and Koelnmesse Pte Ltd, the sixth annual EmTech Asia conference opened its doors at the Marina Bay Sands last month and drew a crowd of over 700 participants from over 30 countries. Taglined “Discover the Emerging Technologies that will Change the World”, EmTech Asia 2019 attendees heard from 50 of the world’s most influential
Trump Signs Executive Order Promoting the Development and Regulation of AI in the U.S.
President Trump signed an executive order on Feb. 11 that seeks to boost the development of artificial intelligence and develop a regulatory framework for the burgeoning technology. Trump's order comes amid ongoing calls for the White House to take a leadership role in promoting AI, with some fearing that the U.S. was falling behind China in developing the technology. Trump's
SoftBank Invests $940M in an Autonomous Delivery Startup
Okay, so maybe SoftBank's massive Vision Fund isn't actually low on cash after all. SoftBank Chief Executive Masayoshi Son - who has never been shy about making big, splashy bets - has just made another one: SoftBank is investing a staggering $940 million through its Vision Fund in Nuro, a robotic-delivery startup, as the Wall Street Journal reported and Nuro