Although Jack Ma agreed to turn over Ant Group’s customer financial data, the People’s Bank of China (PBoC) and Beijing regulators are not satisfied with...
As it gets ready to fold in its micro-lending operations, Ant Group is in discussions with other backers in its new consumer finance unit to...
Alibaba was commended by Chinese President Xi Jinping and the state media for its efforts to alleviate poverty and assist farmers with eCommerce, CNN reported on...
In today’s top news in digital-first banking, Brex has filed to open an industrial bank in Utah, while MYBank is getting in on China’s moves...
Ant Group’s MYBank is getting in on China’s moves toward launching a digital currency. The online bank said it will now be one of the...
One previously unreported reason Jack Ma‘s Ant Group lost its IPO was because of the complex ownership structure of the company, The Wall Street Journal...
China’s State Administration for Market Regulation (SAMR) published new guidelines Sunday (Feb. 7) to strengthen anti-monopoly restrictions on Big Tech platforms, Reuters reported. The guidelines...
In today’s top payments news around the world, Swedish buy now, pay later (BNPL) upstart Klarna is experiencing record U.S. growth, while Careem is introducing...
Chinese regulators along with Jack Ma and his Ant Group have reached an agreement that would turn the financial technology company (FinTech) into a financial...