Tag: Financial Technology
7 months ago
wsj.com

ECB to Push Ahead With Plans for a Digital Euro

The ECB said it would push ahead with plans to develop a digital euro, putting the 20-country eurozone among the vang...

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7 months ago
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Australia Proposing Tighter Regulation of Crypto Platforms

Platform operators would require a financial-services license

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about 1 year ago
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Ant’s Financial License Is in Limbo as China Shakes Up Regulatory System

Jack Ma, co-founder of Alibaba Group Holding Ltd., returned to mainland China after spending roughly a year overseas....

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over 1 year ago
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Zip to Exit U.K. After Annual Loss

Zip Co. will close its U.K. operations as the Australian buy-now-pay-later provider seeks profitability in the wake o...

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almost 2 years ago
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Sezzle Cuts Cash Burn as It Targets Profitability by End of 2022

Buy-now-pay-later provider Sezzle Inc. said it cut monthly cash burn by more than 50% since the end of the second qua...

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almost 2 years ago
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Zip Co. Reviews International Operations in Effort to Cut Cash Burn

UPDATED: Australian buy-now-pay-later operator Zip Co. is reviewing its non-U.S. international operations and retirin...

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almost 2 years ago
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Buy-Now-Pay-Later Providers Zip, Sezzle Scrap Merger Plans

Zip and Sezzle have scrapped the planned merger that they had hoped would create the scale to better compete in the c...

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almost 2 years ago
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Australian Payments Firm Openpay Withdraws From U.S. as Capital Costs Rise

Openpay Group is withdrawing from the U.S. installment payments market to focus solely on its native Australia, citin...

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almost 2 years ago
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Analysis: BNPL Firms Change Tack as Economic Outlook Dims

A cloudy economic outlook and increased investor focus on profitability over growth is forcing some buy-now-pay-later...

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about 2 years ago
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Splitit’s Move to Drop Branding Cuts Customer Acquisition Costs, CEO Says

Buy-now-pay-later provider Splitit Payments Inc.’s overhauled strategy aims to cut customer acquisition costs and hel...

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over 2 years ago
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Bitcoin Price Has Lost Half Its Value—Again

Cryptocurrencies have been swept up in a broad market selloff hitting riskier assets, especially technology companies.

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over 2 years ago
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Afterpay’s Acquisition by Block Cleared for Completion

Block’s acquisition of Afterpay has cleared its final regulatory hurdle and will be implemented on Feb. 1, the Austra...

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over 2 years ago
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Ant Moves Ahead With Credit-Scoring Company

Ant’s application to set up a credit-scoring company with state-owned shareholder partners has started being processe...

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over 2 years ago
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Jack Ma’s Ant Rebrands Some Credit Offerings as Part of Overhaul

Ant Group has started making it clear to customers if they are borrowing from outside lenders or from the company its...

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over 2 years ago
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Staples Center in L.A. to Be Renamed Crypto.com Arena

The deal to rename the home of the Lakers and LeBron James is the latest attempt by the upstart cryptocurrency indust...

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over 2 years ago
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Bitcoin Price Briefly Drops Below $60,000 as Strong Dollar Weighs on Crypto

Cryptocurrencies slid in overnight trading, with some of the most popular digital tokens losing more than 10% from re...

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over 2 years ago
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Inflation Surge Whips Up Market Froth

A drop in inflation-adjusted government bond yields has pushed investors to risker parts of the market including stoc...

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over 2 years ago
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Ant to Fully Share Consumer Credit Data With China’s Government

Credit data generated by the fintech giant’s consumer lending service will be made available to the central bank’s cr...

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over 2 years ago
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Jack Ma’s Costliest Business Lesson: China Has Only One Leader

The billionaire entrepreneur matched the heights of America’s tech legends but failed to heed warnings that Chinese l...

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almost 3 years ago
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Hacker Returns Stolen Cryptocurrency In Heist Reversal

The hacker or hackers that plundered over $600 million of crypto assets from a decentralized finance platform known a...

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almost 3 years ago
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Poly Network Hackers Steal More Than $600 Million in Cryptocurrency

Hackers stole cryptocurrencies worth more than $600 million from Poly Network, a decentralized finance platform, in o...

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almost 3 years ago
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Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal

The Australian installment-payment company, which positions its service as a cheaper and more responsible alternative...

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almost 3 years ago
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China’s Digital Yuan Puts Ant and Tencent in an Awkward Spot

China is calling on private-sector pioneers Ant Group and Tencent to help it develop a state-backed digital currency ...

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almost 3 years ago
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Assets in Ant Group’s Flagship Money-Market Fund Tumble to 2016 Levels

Before Chinese regulators forced Ant to call off its blockbuster IPO, the fund had more than $180 billion in assets u...

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almost 3 years ago
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Investors Trusted Teenagers to Manage Crypto Investments. Now They Want Answers.

The Cajee brothers have disappeared after claiming that hackers stole from their Africrypt investment firm, leaving S...

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almost 3 years ago
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China’s STAR Market Regains Some Sparkle With Syngenta IPO

A planned $10 billion listing by the pesticide and seed giant would be a win for Shanghai’s STAR Market, as China get...

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almost 3 years ago
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WSJ News Exclusive | Raees Cajee, Blamed By Investors For Billions of Dollars in Crypto Losses, S...

South African cryptocurrency entrepreneur, pursued says that less than $5 million is missing.

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almost 3 years ago
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Binance Crypto Exchange Ordered to Cease U.K. Activities

The world’s largest cryptocurrency exchange faced regulatory ire in the U.K. as well as Japan.

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almost 3 years ago
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WSJ News Exclusive | Jack Ma’s Ant in Talks to Share Data Trove With State Firms

Ant Group is in talks with Chinese state-owned enterprises to create a credit-scoring company that will put the finte...

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almost 3 years ago
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China Orders Ant Group, State Banks to Root Out Cryptocurrency-Related Activities

Chinese authorities have stepped up a nationwide campaign against virtual currencies, saying institutions must strict...

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about 3 years ago
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Southeast Asia’s Battle of the $40 Billion Superapps

Another big internet platform deal shows that the region is well placed to be the next tech hot spot as regulation in...

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about 3 years ago
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WSJ News Exclusive | Ant Looks to Revamp a Controversial Business Without Sparking an Outcry

Ant Group, which has pledged to get all its financial services fully regulated, is exploring ways to revamp its popul...

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about 3 years ago
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Fidelity Halves Its Ant Group Valuation After Beijing’s Clampdown

U.S. mutual-fund giant Fidelity Investments has drastically changed its view of what Jack Ma’s Ant Group is worth aft...

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about 3 years ago
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Ant and Others Embraced Crowdfunded Medical Coverage, but Now It’s Under Beijing’s Microscope

Chinese regulators have warned that the industry has the characteristics of commercial insurance without being superv...

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about 3 years ago
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Ant Group to Become a Financial Holding Company Overseen by Central Bank

Ant Group, the financial-technology giant controlled by billionaire Jack Ma, will apply to become a financial holding...

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about 3 years ago
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Chinese Tech Faces New Curbs on Connecting Banks and Borrowers

Regulators are considering stricter rules on internet lenders’ fee-based business, people familiar with the matter say.

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about 3 years ago
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Tencent’s Trillion-Dollar Valuation May Have to Wait

Tencent is less vulnerable to a fintech crackdown than Alibaba is, but tougher regulations would still hurt—especiall...

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about 3 years ago
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China’s Youthful, Debt-Fueled Spending Spree Sparks a Reckoning

A new generation helped power rising consumption. Now, new financial regulations are forcing lenders to reassess thei...

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about 3 years ago
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Simon Hu Resigned as Ant Group CEO and Executive Director

The Chinese financial-technology giant said Mr. Hu has resigned from his roles. Chairman Eric Jing will take up the C...

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