fintech


Fintech gets Covid tailwind 

Fintech gets Covid tailwind

(ATF) Regulatory challenges, the rise of bitcoin and accelerated digitalisation will mark the year ahead for fintech as legacy systems and manual processes will be under huge pressure to keep up and Covid-19 “fixes” and “workarounds” will be adapted as standard business processes.Fintech – technology used to support or enable …

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SoFi $8.65-billion deal could kickstart fintech SPAC flow

SoFi $8.65-billion deal could kickstart fintech SPAC flow

(ATF) US online lender SoFI is going public via a merger with a special purpose acquisition company (SPAC) in a deal that values the fintech firm at $8.65 billion. The hefty price tag could encourage other SPAC deals in the fintech space, where Asian firms are market leaders.SoFi has seen …

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Singapore can be China tech’s neutral gateway to ASEAN market  

Singapore can be China tech’s neutral gateway to ASEAN market  

(ATF) Singapore, as an island nation with few natural resources and an extremely open business climate, has always been a must-go place for Southeast Asia’s top companies and startups seeking to register their businesses. With this in mind the government has stepped up its efforts over the years to ensure …

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Tencent's market value plunges $89 bn from anti-monopoly move

 Tencent's market value plunges $89 bn from anti-monopoly move

(ATF) China’s new rulings on internet platforms has landed with the impact of an e-commerce Black Friday event. While internet platforms smashed online retail sales records from ‘Double 11’, the share prices of top online retailers in China plummeted. Tencent was especially mauled.The newly released Anti-monopoly Guidelines on Platform Economy …

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China central bank launches fintech development indicators

China central bank launches fintech development indicators

(ATF) The People’s Bank of China has announced the release of China’s FinTech Development Indicators. This system is based on the central bank's Fintech Development Plan issued for 2019-21 and has three main facets: institutional indicators, industry indicators and regional indicators. The new indicators will act as a guide. They …

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