Ant Group Is About to Shatter IPO Records. Here’s Why. October 28, 2020 By Zen Soo HONG KONG – Stella Su, who lives and works in Shanghai, has used an ATM only once in the past...
CFC to Expand Coverage to FinTechs with Package Policy August 28, 2020 CFC, a specialist insurance provider of emerging risks, has expanded its suite of products for financial institutions with the launch...
Analysis: Fintech Funding Slides as Coronavirus Casts a Chill with Venture Capitalists July 29, 2020 By Iain Withers, Anna Irrera and Tom Wilson Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it’s a tough time to be seeking up...
SoftBank-Backed Indian Fintech Startup Seeks IPO Valuation of More Than $3.5B July 20, 2020 By Saritha Rai Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the...
Allianz Ends Relationship with Wirecard Amid Accounting Scandal July 1, 2020 Allianz said on Wednesday that it was ending its relationship with Wirecard Bank and removing from the market a mobile...
‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion June 25, 2020 By Douglas Busvine, Jörn Poltz and Arno Schuetze Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books in Germany’s worst...
Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion June 23, 2020 FRANKFURT – Wirecard’s former boss was arrested on Tuesday on suspicion of falsifying accounts, after the German payments firm disclosed...
Sony to Take Full Control of Its Financial Unit for $3.7B, Aiming for Fintech Growth May 19, 2020 By Makiko Yamazaki Sony Corp. said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned...
Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit February 12, 2020 By Sarah Syed and Stephan Kahl N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations...
Alibaba Unveils Management Changes Including CEO for Ant Financial December 19, 2019 By Zheping Huang and Jun Luo Alibaba Group Holdings Ltd. and finance affiliate Ant Financial unveiled a series of management changes, including a new chief executive...