Jailed Ex-Wirecard CEO Files Lawsuit Against Chubb to Get D&O Coverage May 10, 2021 By Karin Matussek Markus Braun, the former chief executive officer of scandal-ridden Wirecard AG who has been in jail for almost a year,...
Bank of England Warns of Potential Risks from Cloud Data Providers April 21, 2021 LONDON – The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter...
Tech Provider FintechOS Raises US$60M to Fuel Global Expansion April 21, 2021 FintechOS the London-based technology provider for insurers, banks and other financial services companies, announced it has raised US$60 million (€51...
China Forces Restructuring of Ant Group into Financial Holding Firm April 13, 2021 By Tony Munroe BEIJING – China has imposed a sweeping restructuring on Jack Ma’s Ant Group, the fintech conglomerate whose record $37 billion...
Allianz Commits $75M to Hong Kong Fintech WeLab, While Forming Partnership March 9, 2021 Allianz’s technology investment arm is committing $75 million to WeLab, a Hong Kong-based fintech focused on virtual banking, consumer financing...
Ant Group’s Massive, Suspended IPO May Not Be Revived Until 2022 November 30, 2020 By Bloomberg News The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are...
Established Insurers Could See Market Share Squeezed by Fintechs, EU Says November 25, 2020 By Carolyn Cohn Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the...
China’s Shock Suspension of Ant Group’s Listing Set to Hit Business Valuation, Growth November 4, 2020 By Scott Murdoch and Kane Wu China’s surprise suspension of Ant Group’s record $37 billion listing is likely to delay rather than destroy its chances of...
Update: China Suspends Ant Group’s $37 Billion IPO November 3, 2020 By Julie Zhu, Meg Shen and Greg Roumeliotis HONG KONG/NEW YORK — China suspended Ant Group’s $37 billion listing on Tuesday, thwarting the world’s largest stock market debut...
Retail Investors Placed Bids for Record $3 Trillion of Shares in Ant Group’s IPO November 2, 2020 By Julie Zhu and Sumeet Chatterjee Retail investors placed bids for a record $3 trillion of shares in Ant Group Co. Ltd.’s dual listing in an...