News > FinTech

This Analyst Loves Alibaba's 'Super App'
FinTech
Alibaba Group Holding Ltd BABA 0.01% continues to transform its Alipay app into a "super app" that will likely result in expanded use, higher engagement and synergies with other businesses, according to Bank of America. The Analyst Bank of America's Eddie Leung maintains a Buy rating on Alibaba with a $215 price target. The Thesis Alibaba's Ant Financial business oversees a
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
Hong Kong Awards Virtual Banking Licenses Amid Push to Disrupt Traditional Banking
FinTech
Watch out Singapore, it looks like Hong Kong’s really starting to get serious about fintech. SCMP: Hong Kong handed out three virtual banking licences allowing financial institutions to operate branchless savings and loans businesses on Wednesday, as the city catches up with other Asian jurisdictions in disrupting traditional banking. The three firms were Livi LB; a joint venture between Bank
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
Breakthrough As Vietnam Licenses The First Crypto Exchange
Link Thanh Group and KRONN Ventures AG a blockchain-based firm based in Switzerland partner to launch an exchange in Vietnam. The current license gives the company the mandate to operate in Vietnam in spite of the authorities banning crypto activities. The news that Vietnamese are going to have access to the first ever government licensed cryptocurrency exchange continues to reverberate
Most Bitcoin Friendly Banks In US: Ally Tops The List
There are different opinions on whether the banks should work with Bitcoin or not. Some say this will make things much easier, others claim that controlled and centralized financial companies are something completely alien to the blockchain world. I will not take sides with any of these groups, but I would like to tell you about the banks in the
Apple Ups the Ante for Fintechs With New Apple Card
FinTech
Tech giant Apple unveiled the Apple Card on Monday, and judging from Twitter, people from here to Timbuktu are getting pretty amped about it. The card was developed with Goldman Sachs and Mastercard and it features several nifty technologies, including machine learning to calculate, track, and label transactions. It boasts no fees, 2% cash back on all transactions, and among
Singapore-Based DragonEx Exchange Suffers Cyberattack
  DragonEx revealed the news of the attack via its official Telegram channel on Monday 25. The DragonEX team has asked other exchanges to help in tracking and investigating the whereabouts of the funds. A report by DragonEx, a Singapore-based cryptocurrency exchange says that it suffered a cyberattack. The exchange company did not, however, disclose figure lost in the attack.
Will Chase’s New Checkless Bank Account Draw In The Unbanked?
FinTech
Stephen Harkey, CMO of Fintech company ViViPAY, addresses whether Chase’s new Checkless Bank Account will be successful in helping more unbanked populations. rawpixel / Pixabay According to Reuters: Responding to calls for more bank services for low-income consumers, JPMorgan Chase on Monday began offering checkless accounts with access to its mobile app, branches and ATMs for $4.95 a month and
Say Hello to Hong Kong’s Latest Unicorn
FinTech
Airwallex, a Hong Kong-based fintech startup, has officially joined the unicorn club. The company announced today that it has raised $100 million in fresh funding, catapulting its valuation to over $1 billion and turning the startup into the world’s latest fintech unicorn. The Series C round was led by DST Global, a new investor, and was participated in by previous