Tencent teams with state-backed UnionPay on mobile payments
Tencent Holdings Ltd. and China UnionPay Co. will soon unify the mobile codes that consumers scan to pay for purchases,...
Citi struck a deal to offer hedge fund-like investments to the masses
Citigroup Inc. is teaming up with an online platform to make credit investments normally reserved for hedge funds and billionaires...
Singapore sees ‘strong interest’ in digital bank licenses
Singapore has received “strong interest” in its effort to open up the banking industry to fresh competition after 21 groups...
Citi’s investment bank plans to hire 2,500 coders this year
Citigroup Inc. plans to recruit 2,500 programmers this year for the unit that houses its traders and investment bankers, bulking...
Two more groups submit Singapore digital banking license bids
Two more consortiums said they submitted bids for digital banking licenses in Singapore as companies, ranging from a massage chair...
Mike Mayo keeps the hoodie on as banks turn to tech
Wall Street’s focus on Silicon Valley has helped lift shares of Citigroup Inc., Bank of America Corp. and JPMorgan Chase...
Jack Ma’s Ant Financial joins Singapore digital banking race
Billionaire Jack Ma’s Ant Financial has applied for a digital banking license in Singapore, as China’s largest online financial platform...
Grab, Singtel team up on Singapore digital bank license bid
Grab Holdings Inc. is partnering with Singapore Telecommunications Ltd. to apply for a full digital banking license, jumping aboard a...
Big tech Is coming for banking: Experts predict fintech’s 2020
Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly...
Robinhood fined $1.25 million over how it routed customer orders
Robinhood Financial agreed to pay $1.25 million penalty to a brokerage industry regulator for failing to ensure that its customers...
