FinTech

Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push

OneConnect Financial Technology, the fintech arm of China’s largest insurance company, filed a prospectus on Wednesday for an initial public…

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Bahrain to Provide Fast-Track Setup Program for Fintech Startups

The Bahrain Economic Development Board (EDB) has introduced a new program to attract more startups to the country. According to…

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China’s Central Bank Introduces Certification System for Fintech Products

China’s central bank, the People’s Bank of China (PBoC), will use a new system to certify 11 types of fintech…

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US CFTC Turns Its Fintech Lab Into an Independent Office in D.C.

The United States Commodity Futures Trading Commission (CFTC) gives its fintech research unit LabCFTC status as an independent operating office.…

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Ethereum Is No Longer a Monopoly Platform for Stablecoins

Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion…

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Fintech Startup Rapyd Raises $100M for Cloud-Based Payment Platform

Fintech-as-a-service startup Rapyd has raised $100 million in a funding round led by venture and growth equity investments firm Oak…

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China’s Fintech Stocks Soar Over 50% in 2019 Amid CBDC Anticipation

China Securities Index Co. (CSI) Fintech Theme Index has risen over 50% in 2019, outperforming the broader market. Some stocks…

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Ripple’s Xpring Acquires Payment Platform Logos Network to Pursue DeFi

Ripple, the San Francisco-based startup behind the third-largest asset on the crypto market, XRP, has acquired payments platform Logos Network…

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Stripe Worth $35 Billion After Raising $250 Million in New Funding Round

Online payments processor Stripe announced that it has raised another $250 million in a new funding round, which pushes its…

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Payments Processor Stripe Launches Lending Service for Online Companies

Online payments processor Stripe announced the launch of its lending service Stripe Capital for the U.S. internet businesses. On Sept.…

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