International Commercial Bank of China (ICBC) - News, Articles & Research

ICBC pays ransom after US hack

The US arm of Industrial and Commercial Bank of China has reportedly paid a ransom to restore its systems after a hack attack last week that disrupted trading in US Treasuries.

14 November 2023

News/security

ICBC ransomware attack disrupts Treasury trades

The US arm of Industrial and Commercial Bank of China was hit by a ransomware attack on Thursday, forcing clients to reroute some trades.

10 November 2023

News/sustainable

Sustainable Finance Live sneak peek: ESG risks - how can we build in sustainability?

Finextra spoke to Adam Webb, COO, Risk at ICBC Standard Bank, ahead of Sustainable Finance Live about his experience in risk management and mitigating climate risk.

25 November 2022

Company announcement/wholesale

ICBC implements Pintec's risk product for SMEs

Pintec Technology Holdings Limited (Nasdaq: PT) (“Pintec” or the “Company”), a leading independent technology platform enabling financial services in China, today announced an update on its cooperation with Industrial and Commercial Bank of China (“ICBC” or the “Bank”). ICBC has adopted and implemented Pintec’s SME risk management solutions for its micro- and small-sized (“SME”) lending business, further enhancing the effectiveness of its lending services for SME clients.

07 July 2020

Company announcement/retail

ICBC begins livestreaming on Alipay

On June 22, ICBC, the world’s largest bank by assets, became one of the first banks in China to leverage Alipay’s livestreaming feature to better engage with mobile-savvy users.

23 June 2020

Company announcement/payments

ICBC to offer deposits via Alipay

Industrial and Commercial Bank of China (“ICBC”), the world’s largest bank in terms of assets, announced today it has begun offering three-year term deposit services via Alipay, the world’s leading open digital lifestyle platform.

26 May 2020

Company announcement/markets

BidFX adds ICBC Bank as liquidity provider

BidFX welcomes global markets banking specialist ICBC Standard as the newest liquidity provider on the leading FX EMS.

06 May 2020

Company announcement/payments

Ant Financial and ICBC extend commercial collaboration pact

Ant Financial and Industrial and Commercial Bank of China (ICBC), the world’s largest bank in terms of assets, announced a collaboration as part of a comprehensive strategic partnership unveiled in December 2019.

31 March 2020

News/payments

ICBC, Alibaba and Ant Financial strengthen fintech partnership

Giants in their own right, ICBC - the world's largest bank in terms of assets - will work with Alibaba and Ant Financial by leveraging their collective expertise in electronic payment settlement and cross border finance to promote the wider use of digital technology in financial services.

16 December 2019

News/retail

Santander strikes $700m IBM deal to support biz transformation programme

IBM continues to rack up the financial services contract wins, scoring a huge $700 million global deal with Banco Santander, as well as agreements with ICBC Argentina and the card unit of Hyundai and Kia Motors.

13 February 2019

News

Swift pilots API-based pre-validation service to cut payment errors

Swift has signed 14 major banks - including Bank of China, Citi and Deutsche Bank - to a pilot using APIs to pre-validate gpi payments, speeding up identification and cutting out errors and omissions in messages.

05 December 2018

Company announcement

ICBC London extends AxiomSL deployment to support trade and transaction reporting

AxiomSL, the leading global provider of regulatory reporting and risk management solutions, announces today that Industrial and Commercial Bank of China (ICBC) (London) plc has selected AxiomSL’s strategic platform for its Markets in Financial Instruments Directive II (MiFID II) transaction reporting solution.

06 October 2017