News > FinTech

Alipay and WeChat Pay, by the Numbers
FinTech
Leveraging their e-commerce and social network platforms, Alibaba and Tencent – through their Alipay and WeChat Pay apps – are dominating China’s payments industry. Just how much are they crushing it, though? Here are a few numbers from the UN’s Better Than Cash Alliance report (PDF) to help put things in perspective. 60%: The percentage of non-cash retail transactions in
64% of Asset Managers Are Boosting Their In-House Fintech, and 4 More Interesting Stats From Simmons & Simmons' New Hyperfinance Report
FinTech
Fintech has been making serious inroads in banking lately, but how is it faring over on the asset management front? International law firm Simmons & Simmons, together with research firm Longitude Research, recently surveyed 200 senior-level respondents from large banks and asset managers just to see how they’re adapting and surprisingly, all signs point to fintech having a bright future
Video: Why Getting Startups and Incumbents Together Is a Win-Win Situation for Everybody
FinTech, Video
Dr. Toa Charm, Cyberport’s Chief Public Mission Officer, talks to NexChange’s Andrew Work about Cyberport’s public mission and why bringing startups and incumbents together is good for everybody. Citi HK FinTech Challenge Press Conference : Dr Toa Charm, Chief Public Mission Officer, Cyberport from NexChange on Vimeo.
EIU's 2017 Global Banking Report
FinTech
Can fintech make people love banks again? Well, that seems to be the big bet banks are making right now. However, the process of creating a solid relationship between banking and fintech isn’t as easy at is seems. As the Economist Intelligence Unit (EIU) points out, “domination is harder and more expensive than assumed.” In fact, thanks to industry differences,
Moody's: Blockchain on Track to Disrupt Specific Segments of Wall Street
FinTech
Blockchain has been all the buzz in financial services. A new report from Moody’s notes the potential for growth and disruption on Wall Street but also points out the nuance. Certain industries and functions are likely to be more impacted by the Bitcoin-based structure technology than others. Post-trade processes being highly targeted Blockchain is currently being tested or considered around
Video: Citi's HK Fintech Challenge and the Possibilities It Creates for Startups
FinTech, Video
Mark Cheng, CEO of Mind Fund Studio, talks to NexChange’s Andrew Work about the Mind Fund Group and the possibilities that Citi’s HK Fintech Challenge creates. Have a gander: Citi HK FinTech Challenge Press Conference : Mark Cheng, Head of Mind Fund Studio from NexChange on Vimeo.
Report: Over 80% of Hong Kong Financial Institutions to Partner With Fintech Companies
FinTech
With only 51% of its institutions adopting a “disruptive” technology, Hong Kong’s financial sector may be a little behind the curve when it comes to fintech. However, it plans to make up for it – in a big way. Citing PwC’s 2nd Global FinTech Survey, CFO Innovation says that a vast majority – 82%, to be specific – of Hong
Growth in the Cloud: The Corporation as Incubator
FinTech
In February 2014, Flickr cofounder Stewart Butterfield and his team officially launched Slack, a platform providing chat and social media services for enterprises. Within a year, the company’s user based zoomed from 16,000 to 500,000. Slack now boasts more than 4 million daily active users and has a valuation north of $1 billion. Today, established corporations are well aware that
You Might Not Want to Get Too Attached to the Term 'Fintech'
FinTech
You can find “fintech” in nobody’s thesaurus, and there’s a good chance the word won’t be around when the financial services sector catches up to the rest of the world’s technology. What's In A Name? “Fintech becomes irrelevant in a couple of years,” said Matthew Hatch, a partner and the Americas FinTech leader at Ernst & Young LLP. “We are
IBM Amps Its Blockchain Creds With New Supply Chain Platform
FinTech
It looks like IBM can’t help but blaze trails these days. Here’s CoinDesk on the juggernaut’s new China blockchain offering: IBM advanced its status as a blockchain leader Tuesday with the launch of a supply chain platform designed to streamline flows among buyers, sellers and financiers in the pharmaceuticals space. The Yijian Blockchain Technology Application System – built in a