Tag: Fintech
China Calls On Big Tech To Review Their Fintech Compliance
Chinese regulators are again cracking down on internet platforms looking to offer fintech services, in a bid to curb monopolistic practices and enhance competition,...
China Works On Limits On Bank, FinTech Partnerships
Chinese officials may limit the number of financial institutions to which any single FinTech platform may connect, Reuters reported, citing coverage by state media.
The...
Australia Considers Competition Implications For Consumer Data Right Law
An Australian senate probe into FinTechs headed up by the government will look into how much Big Tech firms might harness the consumer data...
DOJ OKs Mastercard’s Finicity Deal
On Monday, November 16, Mastercard announced that the US Department of Justice has allowed it to move forward with its US$825 million deal to...
Tencent Agrees To Comply With Chinese Regulators
As government regulators in China increase tech industry oversight, Tencent said it will comply with new laws intended to curb antitrust activities and tighten...
China Considering Tougher Fintech Antitrust Laws: FT
A senior official at China’s banking regulator has warned that technological advances in the financial industry risk creating monopolies, a day after Beijing unveiled...
American Express To Buy SMB Cash Management FinTech Kabbage
American Express has inked a deal to buy “substantially all” of small business cash flow management company Kabbage. The deal is forecast to close later...
Paya FinTech To Go Public With Special Merger
Paya, an eCommerce FinTech, plans to go public through a special kind of merger with an investment company, according to a press release. The...
UK Fintech Curve Hires ex-PayPal Exec As First CFO
PayPal's former finance director has been hired by UK-based card and mobile app provider Curve to act as its first chief financial officer.
Scott Weller...
Norwegian Browser Opera Ventures Into fintech With Acquisition Of Fjord Bank
Opera Software, the Norwegian (but now Chinese-owned) company that’s been in the business of making browsers and applications since 1994, announced on Thursday, July...
