Financial Tech
The Latest
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Ant Group Valuation Expected To Plummet Following Restructuring
Analysts expect Ant Group's valuation could slip to as low as $29 billion. 
Analysts expect Ant Group's valuation could slip to as low as $29 billion. -
Walmart, Robinhood Investor Starting Fintech Company
Walmart currently offers limited financial services to customers through Walmart MoneyCard prepaid debit card. 
Walmart currently offers limited financial services to customers through Walmart MoneyCard prepaid debit card. -
Ant Group Is World's Largest IPO, Experts Say
Ant is targeting a more than $200 billion valuation in a $35 billion public offering that will dwarf Saudi Arabian Oil Co.'s $29.4 billion. 
Ant is targeting a more than $200 billion valuation in a $35 billion public offering that will dwarf Saudi Arabian Oil Co.'s $29.4 billion. -
Fintech Company Airwallex Secures $200 Million In Fresh Capital
Airwallex will spent the proceeds on an expansion into the U.S. where it will compete with companies like digital payments company Stripe. 
Airwallex will spent the proceeds on an expansion into the U.S. where it will compete with companies like digital payments company Stripe. -
Digital Lender WeLab Bank Opens For Business In Hong Kong
WeLab Bank is offering several promotions such as high annual interest rates and purchase rebates for new depositors. 
WeLab Bank is offering several promotions such as high annual interest rates and purchase rebates for new depositors. -
Hong Kong Rolls Out $15.5 Million Wage Subsidy For Fintech Employment
The city's FinTech Anti-epidemic Scheme for Talent Development (FAST) program aims to have at least have 1,000 financial tech professionals employed by Hong Kong-based firms within the next 12 months. 
The city's FinTech Anti-epidemic Scheme for Talent Development (FAST) program aims to have at least have 1,000 financial tech professionals employed by Hong Kong-based firms within the next 12 months. -
Fintechs Providing Vital Life-Line To Small Businesses Hit By Pandemic
Fintechs can provide some small businesses with access to loans otherwise unavailable to them from traditional lenders. 
Fintechs can provide some small businesses with access to loans otherwise unavailable to them from traditional lenders. -
Alipay Aims To Tap Into 40 Million Service Providers Across China
Amid the ongoing economic slump, Ant Financial is accelerating its efforts to deepen the integration of its Alipay platform with China's service providers. 
Amid the ongoing economic slump, Ant Financial is accelerating its efforts to deepen the integration of its Alipay platform with China's service providers. -
Trading Platform Robinhood To Compensate Users For Outage During Market Rally
Robinhood will be provided affected Gold premium subscribers with three months of free service plus additional compensation on a case-to-case basis. 
Robinhood will be provided affected Gold premium subscribers with three months of free service plus additional compensation on a case-to-case basis. -
Ping An Insurance Sets Aside $1.7 Billion As Annual Tech Budget For 2020
China's largest insurance firm by market capitalization plans to boost cross-selling between its health care and financial tech platforms. 
China's largest insurance firm by market capitalization plans to boost cross-selling between its health care and financial tech platforms.
