Ant Group - News, Articles & Research

BBVA taps into Ant's Trusple blockchain platform

BBVA has inked a deal to integrate cross-border payment and financing services in Ant Group's blockchain platform for global trade, Trusple.

11 August 2021

News/sustainable

Mastercard and Ant back effort to get a billion people to take green action

Mastercard, Ant Group and BBVA are among the big-name financial and technology firms backing a new global partnership designed to encourage green consumer behaviour.

28 June 2021

Company announcement/inclusion

MYbank aims to bring inclusive financial services to 2,000 rural counties by 2025

MYbank, a leading online private commercial bank in China and an associate of Ant Group with a focus on serving rural areas and small and micro enterprises (SMEs), announced today that it plans to more than double the number of rural counties it serves over the next four years.

30 April 2021

News/crypto

Ant Group and Tencent promote their work on digital yuan with PBoC – SCMP

This weekend, the two Chinese fintech giants Ant Group and Tencent prominently displayed posters during the Digital China Summit outlining a “history of cooperation with the PBoC on the digital yuan” according to the South China Morning Post.

26 April 2021

News/regulation

China’s fintechs face an uphill battle with listings - CNBC

Going public in China is proving to be something of an uphill battle for fintechs, and new guidelines released by the China Securities Regulatory Commission (CSRC) are only further complicating the process.

23 April 2021

News/payments

DBS completes first trade transaction on Ant Group's Trusple blockchain

DBS is the first Asian bank to successfully close a trade financing transaction on Ant Group's blockchain platform Trusple.

15 March 2021

News/people

Ant Group CEO resigns

Ant Group CEO Simon Hu has resigned for "personal reasons" months after the Chinese fintech giant was forced to abandon its IPO amidst regulatory pressure.

12 March 2021

News/regulation

Ant tussles with Beijing on sharing customer data - FT

Ant Group is resisting pressure from China's government to hand over more customer data to the country's central bank, according to the Financial Times.

03 March 2021

News/regulation

Ant Group to become financial holding company under deal with Chinese regulators

Ant Group has agreed on a restructuring plan with China’s regulators that will turn the fintech giant into a financial holding company subject to capital requirements similar to those for banks, Bloomberg News reported.

03 February 2021

News/predictions

Dimon 'scared shitless' by fintechs; calls out Plaid

JPMorgan Chase CEO Jamie Dimon says incumbent banks should be "scared shitless" by fintech rivals, adding that some - including Plaid - are competing unfairly.

18 January 2021

News/payments

Trump signs executive order banning the use of Chinese payments apps

Outgoing US president Donald Trump has signed an executive order banning transactions with ten Chinese apps, including behemoths Alipay and WeChat Pay.

06 January 2021

News/regulation

China hints more fintech regulation to come

Some of China's largest fintech companies may face more regulation following comments made by the top banking regulator.

08 December 2020