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Industry Dynamics

GTR Asia Trade & Supply Chain Finance Conference 2017

JW Mariott Hotel, Hong Kong – April 19th, 2017 Hong Kong offers a business-friendly environment and unrivalled connectivity to global, regional and the mainland China markets, making it an ideal host for the GTR Asia Trade & Supply Chain Finance Conference 2017. Returning for its third year, the conference will continue to build on its reputation as a key networking ... Read More »

SugarCRM is Working with IBM Watson to Enhance the Customer Experience

IBM, with the power of Watson, is a leader in bringing cognitive intelligence to many industries. As IBM’s CEO, Ginni Rometty, said earlier this week, “this year we expect Watson will touch one billion people—through everything from oncology and retail to tax preparation and cars.”  With that kind of market penetration, it is no wonder that companies are lining up to ... Read More »

Global Sources 2016 Revenues Declined by 7.8%

Global Sources released its financial results for the year ended 31st December 2016. Revenues from continuing operations in the year were US$157.7 million, down 7.8% compared to US$171.0 million recorded in 2015. IFRS net profit dropped 23% year-on-year to US$18.4 million from US$24.0 million in the previous year. However, adjusted EBITDA increased from US$30.8 million up to US$32.0 million in ... Read More »

Japanese GMO Payment Gateway Implements Extra Measures Following Data Breach

Japanese payment processing services provider GMO Payment Gateway Inc (TYO:3769) reiterated its commitment to personal data safety, following a credit card data leakage that affected the websites of two of its clients – the Tokyo Metropolitan Government and the Japan Housing Finance Agency. GMO Payment Gateway conducted a meeting of its Board of Directors recently, with the incident being the ... Read More »

Rocket Fuel 2016 Full Year Revenue Growth Flat

Rocket Fuel Inc. (NASDAQ: FUEL), a leading Programmatic Marketing Platform provider, reported Q4 2017 GAAP Revenue of $124.8 million compared to $125.4 million for the fourth quarter of 2015.  Revenue derived from North America was $101.8 million, flat with the fourth quarter last year. Revenue from outside North America was $23.0 million, down 1% from last year. Platform Solutions revenue ... Read More »

China Set to Exceed Previous FinTech Investment Record

In a report from CBInsights, Asia accounted for around 20 percent in the number of FinTech investments worldwide last year. However, deals accounted for a far more with 43 percent of the global funding taking place in Asia in 2016.  It’s believed this is down to the fact that major Chinese companies are pouring money into the Asian financial technology ... Read More »

Why Alibaba’s Latest Paytm Buy Proves Amazon Is Playing A Losing Game In Asia

Alibaba is not backing down over its plans for Asian e-commerce dominance. Recent reports suggest that the Chinese behemoth just purchased Reliance Capital’s stake in Paytm, worth $42 million, and this just after Alibaba invested a sizeable $177 million in the Indian payment and commerce platform. It’s all too evident that China has its sights firmly set on the lucrative ... Read More »

Euronet outbids Alibaba’s Ant Financial with $1 billion offer for MoneyGram

Alibaba’s conquest to own a piece of the global money transfer industry just suffered a huge blow after Euronet outbid its fintech affiliate business for the proposed acquisition of MoneyGram, a popular option for cross-border money transfers. Ant Financial, the Alibaba-controlled unit that runs Alipay (among other services), bid $880 million for MoneyGram back in January, but now Euronet is ... Read More »

Singapore’s Central Bank Completes Digital Currency Trial

Singapore’s central bank has completed a distributed ledger trial focused on inter-bank payments. The Monetary Authority of Singapore (MAS) announced the test in November, working with the R3 banking consortium and a group of member banks that is said to include the Development Bank of Singapore, HSBC, Bank of America and JPMorgan, among others. According to the bank, the aim was ... Read More »

Foxconn Subsidiary Debuts Blockchain-Powered Supply Chain Platform

FnConn, the financial services arm of Taiwan-based Foxconn, launched the platform alongside Dianrong, a Chinese online lending marketplace. Dubbed Chained Finance, the platform is aimed at providing working capital to smaller businesses involved the manufacturing supply chain. According to the two firms, a previous proof-of-concept involved the issuance of loans worth $6.5m to a group of unnamed companies. Chained Finance has an initial focus on ... Read More »

Verisk Analytics, Inc., Acquires Emergent Network Intelligence

Acquisition extends Verisk’s claims solutions within United Kingdom Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, announced it has acquired Emergent Network Intelligence (ENI), a leading innovator in insurance claims efficiency and fraud detection solutions based in Newcastle upon Tyne, United Kingdom. With the acquisition of ENI, Verisk’s clients in the U.K. can take advantage of technologically advanced tools ... Read More »

Credit China Eyes Online Payments and P2P

Credit China FinTech Holdings Ltd is planning more investments as it aggressively expands beyond its original loans and lease-financing businesses into online payments and peer-to-peer lending. The company, part of a consortium that offered to buy a stake in Ping An Securities Group Holdings Ltd last month, is in talks with “multiple” financial-services companies based in Asia outside China, said ... Read More »

Baidu Acquired the Startup Building China’s Answer to Alexa

A Y Combinator-backed startup building China’s answer to Alexa has been acquired by Baidu, China’s top search engine, the companies announced this morning. The financial terms are not disclosed. Raven Tech, with about US$18 million in funding in its pockets, created an AI-based voice assistant that it launched in an app called Flow. That voice assistant is more comparable to ... Read More »