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UK international trade department unveils fintech match-making initiative

UK international trade department unveils fintech match-making initiative By Ian Hall on 22/12/2020 The DIT campaign will focus on promoting British solutions in areas including regtech, robotic process automation and AI | Credit: Pete Linforth; Pixabay The UK’s Department for International Trade (DIT) has launched a campaign to encourage international financial institutions (IFIs) to invest in British fintech. As part of the scheme, DIT will build a platform to help fintechs “connect with and advance commercial dialogue with IFIs” including asset managers, insurance and investment companies and banks. This “global ecosystem” will include the chance for fintechs to be matched with institutions.

2020 s Top 10 Business News Stories-- Beijing Review

  ·  2020-12-18  ·   Source: NO.52 DECEMBER 24, 2020 Workers on the construction site of a bridge meant for rail transit in Chongqing Municipality, southwest China, on July 15(XINHUA) 1 Economy Gains Positive Growth Despite the impact of the novel coronavirus disease (COVID-19), the Chinese economy is projected to achieve positive growth in 2020. China will grow by 1.9 percent, the only major economy that could see growth this year, the International Monetary Fund forecast in its latest World Economic Outlook report on October 13. According to the National Bureau of Statistics (NBS), the first three quarters registered a 0.7-percent growth year on year. The GDP is expected to exceed 100 trillion yuan ($15.3 trillion), as per the communiqué of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China (CPC) issued in October.

Digital Transformation: Chinese Consumers are Increasingly Using Smartphones to Make Payments as Thousands of Bank Branches have Shut Down

Search Digital Transformation: Chinese Consumers are Increasingly Using Smartphones to Make Payments as Thousands of Bank Branches have Shut Down December 21, 2020 @ 8:20 am By Omar Faridi The long lines in front of ATM machines have now become a rare sight as Chinese consumers are increasingly using their smartphones to complete transactions, instead of making cash payments, according to a report from China Daily. Many people claim they can’t even recall when they used cash the last time. Instead of visiting physical branch locations, Chinese consumers, particularly the younger generations, are using their mobile phones and computers to perform digital transactions.

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