Page 12 - Big Techs News Today

Share A man walks by a poster advertising the renminbi (RMB) currency (Chinese yuan) in Hong Kong. AFP How will the digital renminbi change China? Mon, 10 May 2021 While many central banks are still investigating the possibility of issuing a digital currency, China has rolled out a digital currency via a series of pilot programmes since last year. The eRMB, known officially as DC/EP, by itself will not help the renminbi to challenge the US dollar’s global dominance. Its true significance ins...

While many central banks are still investigating the possibility of issuing a digital currency, China has rolled out a digital currency via a series of pilot programmes since last year. The eRMB (my term as opposed to the more awkward official DC/EP) by itself will not help the renminbi to challenge the US dollar’s global dominance. Its true significance instead lies in its potential to alter the balance between China’s technology giants and traditional majority state-owned banks, thus indi...

Vietnam’s social networks run race with the world’s technology giants Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công  02/05/2021    09:00 GMT+7 Governments around the world are trying to restrain the power of technology giants, which presents a great opportunity for Vietnam’s social networks to establish their foothold with their own characteristics. ...

Editorial | what does this mean? This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. French anti-trust watchdog says banks could be marginalised by Big Tech giants 30 April 2021 6 Frances competition watchdog has warned of the dangers posed by the encroachment of Big Tech firms into the payments sector. Following a year-long fintech-specific inquiry, the Autorité de la...

Ejinsight 20210412-The-challenge-of-big-tech-finance Hkej ejinsight.com

The fortunes of Tesla and SpaceX Chief Executive Officer Elon Musk seems to be losing and gaining a few billion dollars in his fortunes regularly.

The latest regulatory requirements for commercial banks' online lending facilitated by third-party partners will encourage fintech companies to cooperate with banks in customer acquisition and risk control areas, or form technology partnerships with banks while discouraging third parties to offer joint loans with banks, experts said.

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China should promote free movement of digital data, government think tank says Data-related trade set to become a new economic growth driver, deputy director of the Development Research Centre of the State Council says in new study China should seek to forge alliances with Asean countries in setting cross-border data flow standards and policy, report says

Virtual Roundtable on Digital Banking Transformation and Innovation Advertisement Banks are experiencing faster growth by collaborating with tech partners to build new revenue streams and create a unified customer experience. February 02, 2021 By leveraging technologies such as the cloud and AI and developing strategic partnerships with large and small tech firms, banks are in the midst of changing how they look at and interact with clients and how they think about customer data and the custome...