ChinaRSS

Money20/20 Europe: Asia in the ascendant

Money20/20 Europe 2017

Denmark took a back seat at Money20/20 Europe as the lively fintech scenes in China and India fell under the spotlight with a wealth of information and stats.

Temenos expansion plans turn to China and Japan

Martin Frick, Temenos

Temenos is looking to conquer the core banking software markets of China and Japan.

Payments: how the West will be copying the East

Hello, Marco Polo!

Payments industry practitioners in the European Union are understandably obsessed with the implications of the revised Payment Services Directive (PSD2). This was evident at the recent European Payments Summit, held in the Netherlands, where PSD2 dominated many of the discussions.

Citi analyses VC investments in fintech for fresh insights

Who's investing in what? Citi investigates

Citi’s global perspectives and solutions team has issued a 100-page report on digital disruption in the fintech industry. It has analysed venture capital (VC) investments in the fintech industry between 2010 and 2016, as well as the emerging technologies across the globe.

Shinhan Bank and Streami to launch Bitcoin remittance service

Shinhan Bank HQ, Seol. Image source: Kaniwari, Wikimedia Commons

South Korea’s Shinhan Bank is launching a Bitcoin remittance service between Korea and China, with Hong Kong as an intermediary. The service will be available in December.

Bolero powers Bank of China’s first-ever electronic credit

McKinsey acquires PriceMetrix

Bank of China (Hong Kong) (BOCHK) has used Bolero’s ePresentation solution for its first-ever electronic back-to-back documentary credit, reducing the time required to help a large iron ore shipment from Australia to China. The transaction was arranged jointly with NAB (National Australia Bank) and China Guangfa Bank.

Taiwan Business Bank expands contract with Wolters Kluwer

Wolters Kluwer gains new client for OneSumX

Wolters Kluwer’s regulatory reporting platform, OneSumX, will be used by the Chinese branch of Taiwan Business Bank. With the need for enhanced regulatory reporting to the China Banking Regulatory Commission (CBRC), the bank required “scalable solution to meet the new standards”, the vendor says. These include the CBRC’s requirements for Basel III & Foreign Asset […]

Deutsche Bank delivers ERP integration for Bosch in China

Deutsche Bank-Türme

Deutsche Bank has implemented an electronic enterprise resource planning (ERP) integration solution for Bosch’s foreign currency and renminbi (RMB) cross-border payments in China. Headquartered in Germany, Bosch is a global supplier of technology and services. The company’s operations are divided into four business sectors – automotive technology, industrial technology, consumer goods, as well as energy […]

BAML launches China cross-border cash pool in Shanghai

BAML has open a China cash pool based on the Shanghai FT zone

Bank of America Merrill Lynch has launched an automated US dollar cross-border cash pooling services for corporations operating in the Shanghai Free Trade Zone. ZF TRW, a division of ZF Friedrichshafen, manufacturers of automobile safety systems, has implemented the working capital solution and is serving as the pilot client.

European stock markets plan Shanghai links

The London market could soon be directly linked to investors in Shanghai

Closer links between the Shanghai Stock Exchange and UK and European exchanges may be on the cards. The London and Shanghai exchanges are exploring a scheme to link their markets. At the same time, European exchange group Euronext announced a deal with the Shanghai Stock Exchange to promote its listed members to Chinese investors.

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