All posts tagged "Ant Financial"
-
1.2KAsia-PacificUncovering the Terms and Conditions for Technology
Legislators and industry leaders need to work together to ensure the benefits of innovation do not come at the cost of fairness, choice, and privacy, says Zilliqa co-founder Max Kantelia.
August 27, 2019 -
611Capital RegulationPBOC Issues Draft Rules for Financial Holding Companies
Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.
July 29, 2019 -
2.9KAML / KYCThe Rise of Digital Banks in Asia Raises Compliance Questions
The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
July 16, 2019 -
2.7KAML / KYCFacebook’s Libra – An Enabler of Money Laundering?
Regulators need to get up to speed with Facebook’s stablecoin technology so they can assess how it mitigates money laundering risks and where its weaknesses lie, says ComplyAdvantage CEO Charles Delingpole.
June 27, 2019 -
1.1KFeatureHSBC Scraps Fees Ahead of Virtual Bank Launches
HSBC will remove below-balance, counter transaction and annual fees for most personal savings accounts as it braces for incoming competition from newly approved virtual banks.
June 20, 2019 -
1.8KFintech / RegtechHKMA Grants Four More Virtual Bank Licences
Ant Financial, Tencent, ICBC Asia, HKEX, Xiaomi and Ping An are among the backers of the four licence recipients, bringing the total number of virtual banks in Hong Kong to eight.
May 9, 2019 -
826Big PictureBigTechs Contribute to Efficiency – and Risk – in Financial Services
A BIS working paper says BigTechs enhance competition, financial inclusion and efficiency in financial services, but they also concentrate market power and give rise to systemic risk.
April 9, 2019 -
471Capital Regulation
PBOC Consults Internally on Draft Rules for Financial Conglomerates – Report
New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.
December 11, 2018 -
605Capital Regulation
More Chinese Institutions to be Designated ‘Systemically Important’
Regulators will designate more financial institutions as 'too big to fail' and subject them to additional prudential and supervisory requirements.
November 29, 2018 -
504ChinaAmex Affiliate Wins Approval to Enter China Bank Card Market
The affiliate, 50 percent owned by Amex subsidiaries, will be able to operate a credit card payment network that will allow Amex-branded cards to be used in China.
November 12, 2018
