Fintech News | Fintech Zoom

Korean banks ready to work less but pressured to hire more

Starting Monday, local banks and financial companies come under the 52-hour workweek rule, becoming late starters in South Korea ’s initiative to reduce long working hours and improve the quality of life. Due to the one-year grace period, the...

Fintech firm Pagaya issuing second $100 million asset-backed security by Reuters

TEL AVIV (Reuters) – U.S.-Israeli Pagaya, which uses artificial intelligence (AI) to manage institutional money, said on Wednesday it is issuing another $100 million actively managed asset-backed security (ABS) led by structuring agent Cantor...

GIC Says Big Banks Can Beat Fintech Startups – by Bloomberg

One of the world’s biggest sovereign wealth funds says traditional banks can weather the rising tide of fintech rivals if they build similar offerings like mobile banking services before regulators open the flood gates. Singapore-based GIC Pte won’t...

Ant Financial Services has formed a joint venture with The Vanguard

Chinese fintech company Ant Financial Services has formed a joint venture with a Shanghai unit of U.S.-based asset management firm The Vanguard Group, government records showed. The venture marks a high-profile partnership of Jack Ma-controlled Ant...

CoinPayments Joins KCS Ecosystem, Enabling 2.4M Merchants to Accept KCS – Kucoin

Dear KCS Holders, We are pleased to announce that CoinPayments, a borderless online payment platform and cryptocurrency wallet that serves as a payment alternative for consumers and merchants, has joined our KCS ecosystem. KuCoin Shares (KCS) have...