News > FinTech

As the foreigners come in, China's payment platforms head out
FinTech
A mere week after Apple Pay made its first foray into China -- following South Korea's Samsung Pay -- one of its biggest potential Chinese rivals, WeChat Pay, is officially taking its platform global by launching support for overseas vendors. WeChat Pay's global expansion -- which was first reported in December -- will allow users to pay vendors in nine different foreign currencies
The 2016 FinTech O-2-O calendar kicks off with Lunar NY meet-up
FinTech
Finance professionals and fintech aficionados gathered at the Armani/Privé wine bar in Hong Kong's Central District on Monday to celebrate the Lunar new year in the first of a series of Fintech O-2-O events scheduled for 2016. The social mixer, hosted by digital community Cyberport and NexChange, attracted over 120 professionals. It is the fifth FinTech O-2-O event to take place since last September's inaugural
Could Japan's regulators finally put the ghost of Mt. Gox to rest?
FinTech
Ever since Tokyo-based bitcoin exchange Mt. Gox collapsed in 2014 -- resulting in the loss of $450 million worth of bitcoin at the time -- Japanese regulators have been at something of a loss when it comes to handling cryptocurrencies. The result was that the status of digital currencies in the country was in limbo. Until now. The Nikkei reports
Dan Ariely, best-selling author, to join insurance startup as chief behavioral officer
FinTech
Dan Ariely is joining Lemonade, a peer-to-peer insurance startup, as its chief behavioral office. That's a new one! Insurance is a bad-boy place for honesty, Ariely tells the Financial Times. The current system encourages insurance companies to delay payments and policyholders to exaggerate their claims. The madness has got to end. “We’ve spent years deepening our understanding of honesty and
Apple takes on Alibaba and Tencent in China payments market
FinTech
While Apple defends individual privacy against an insidious assault by the F.B.I., it is also business as usual. The company has unveiled a partnership with UnionPay and 19 other local lenders to expand its mobile payment platform in China, reports Marketing.  That means 80% of the country’s China's credit and debit cards are eligible for Apple Pay. Users can now pay for
After a big, fat no to blockchain, ECB is taking a second look
FinTech
In early 2015, the European Central Bank (ECB)  publicly opposed to the idea of cryptocurrencies -- calling them "inherently unstable." A lot can happen in a year. It now seems the ECB is seriously looking at how blockchain can be used to run the region's securities and payments systems. Here is an excerpt from a new consultative report released by the
Fintechs find reminders, games help consumers improve saving, spending habits
FinTech
I recently spent some time at a conference with Josh Reich, co-founder and CEO of Simple, a smart-phone-based system for consumers to manage their financial affairs. Simple was among the first mobile-first banking applications to emerge during the financial crisis. Moven was the other, and both are focused on helping consumers to adopt healthy spending and saving habits. Reich had
Video: China visit to London a ‘landmark’ for startup community
FinTech, Video
Gavin Poole, CEO of real estate firm Here East, tells NexChange the visit by China President Xi Jinping to U.K. is already reaping new programs between the two countries.
Video: Seed funding, crowdfunding on the rise in London startup scene
FinTech, Video
  Seed funding is on the rise and crowdfunding is likely to be next, says Gavin Poole, CEO, of real estate company Here East. Poole also discusses with NexChange the impact of the 500 million pound sterling venture capital fund created by China's Cocoon Networks to invest in U.K. and European startups.
Video: 2016 likely to see more growth in fintech investment and more B2B startups
FinTech, Video
  The coming year is likely to see continued expansion in fintech investments, says Gordon Innes, CEO, London & Partners. That would come on top of the $600 million invested in London fintech companies. In an interview with NexChange, Innes says B2B startups are beginning to crop up.