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FSC wants Taiwan to be a leading hub of Fintech firms in Asia

Viewing the changing landscape of the financial world, the Taiwan’s regulatory and other government agencies are intending to take the leap in this technology by launching a dedicated agency, providing various funding schemes and collaborating with the market participants. In February 2015, the FSC (Financial...
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Credit unions and fintech startups collaborating together to gain more success

Financial experts said instead of being competitors credit unions and fintech should collaborate together to gain more success business. The experts said while it is correct to think that fintech can pose a threat to traditional financial institutions, this situation is also the right time...
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Alibaba is acquiring 33 percent of Ant Financial

Alibaba is picking up 33% of Ant Financial, its fintech affiliate that’s valued at over $60B: Alibaba has included an extra perspective to the announcement of its most recent financial statement today with a press that it must be acquiring a 33 percent share...
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SEC ordered the New York Stock Exchange to pay $14 million fine

The Securities and Exchange Commission is dead serious to punish the agencies that cause disruption to market events. Recently, SEC ordered the New York Stock Exchange to pay $14 million fine for multiple breakdowns and regulatory violations. The SEC move came after they conducted five separate...
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EBA chairperson Andrea Enria said instead of regulation a “nuance approach” is the better way to deal with cryptocurrency

The head of the European Banking Authority has no intention at the moment to regulate cryptocurrency. EBA chairperson Andrea Enria said instead of regulation a "nuance approach" is the better way to deal with cryptocurrency concerns. In a recent speech, Enria said instead of regulation,  cryptocurrencies...
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Digital only banks needs to reinvent itself in order to sustain, Survey says

Looks like digital only banks needs to reinvent itself in order to sustain its current standing in the global market. This developed after a recent survey has shown that people around the world - from India to Canada to the UK are losing interest on...
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