China Fintech

Jack Ma’s Booming Loan Business Threatens Visa, AmEx in China (Lulu Yilun Chen, bloomberg.com)

As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn’t issue credit cards. Jack Ma’s Ant Financial, already the biggest player in China’s $27 trillion payments market, is leveraging its ubiquitous Alipay mobile app to mount a rapid expansion into consumer lending. Instead […]

China Europe Fintech

European fintechs are lagging behind China, McKinsey partner warns (Isabel Woodford, Sifted.com)

ondon and Stockholm may be home to the continent’s largest fintechs, but they are stunted by a lack of imagination — at least according to Tunde Olanrewaju, senior partner at McKinsey. Speaking at Mckinsey’s London headquarters at an event co-hosted with Sifted and executive search and leadership advisory firm Eric Salmon & Partners, Olanrewaju noted […]

China Fintech

A Turbulent Year for Chinese Fintechs (Belinda Zhou, CapitalWatch.com)

Some small-and medium-sized companies in China’s financial sector have struggled to comply with stricter regulations and many have closed this year, leaving the market open for industry giants. This year has been a tumultuous one for China’s financial technology companies as they faced tough competition, regulatory challenges and market volatility. In this review, CapitalWatch is […]