All posts tagged "Ant Financial"
-
849ChinaGoldman, Morgan Stanley Approved to Control China Securities JVs
The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.
March 30, 2020 -
427MalaysiaMalaysia to Boost Digital Payments with $110m Giveaway
Every Malaysian aged 18 years and above, and earning less than 100,000 ringgit a year, is eligible to receive a one-off 30 ringgit through one of three e-wallet companies.
January 15, 2020 -
1.3KChinaQME to Leverage Blockchain to Standardise Warehouse Receipts
HKEX's Qianhai Mercantile Exchange will use blockchain tech from Ant Financial to provide verifiable warehouse receipts which will help commodities businesses to obtain financing.
January 13, 2020 -
285ChinaPBOC Reverses No Interest Policy for Payments Companies – Report
The PBOC will pay just 0.35% annually on customer money that payments firms hold with the central bank, but the move marks a reversal of an earlier decision to pay no interest.
January 10, 2020 -
1.4KMarket InfrastructureUPDATED – 21 Digital Bank Licence Applications Received: MAS
MAS will announce the successful applicants in June 2020. The new digital bank licencees will be expected to commence business by mid-2021.
January 7, 2020 -
2.7KMarket InfrastructureUPDATED – Sixteen Known Applicants for Singapore Digital Bank Licences
Grab, Singtel, Razer, Ant Financial, V3 Group, EZ-Link, iFast Corporation, ByteDance, AMTD, Xiaomi, PhillipCapital, Temasek, Enigma Group and Singapura Finance are among applicants.
January 6, 2020 -
1.1KFintech / RegtechSingapore Brokerages to Enter Race for Digital Bank Licences
Domestic brokerages Phillip Securities and iFAST prepare to draw up applications digital banking licence to fend off competition from foreign entrants and domestic banks expanding into brokerage business.
December 4, 2019 -
1.4KAsia-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 -
740Capital Regulation
PBOC 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 -
4.1KAML / 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
