ANEXT Bank secures USD 148 million from Ant Group
The Paypers
MARCH 26, 2024
Singapore-based digital bank ANEXT Bank has secured USD 148 million in added capital from Ant Group , its parent company, as per regulatory filings tracking.
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The Paypers
MARCH 26, 2024
Singapore-based digital bank ANEXT Bank has secured USD 148 million in added capital from Ant Group , its parent company, as per regulatory filings tracking.
PYMNTS
AUGUST 14, 2020
Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. The news service reported that the move hints that the two Chinese investment institutions will be heading up the group’s onshore offering.
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PYMNTS
JANUARY 12, 2020
Iranian hacking groups are targeting U.S. Particularly after the killing of Iranian general Qassem Soleimani earlier this month, officials at industrial control system security firm Dragos said there was reason for officials to be wary. gas and electricity firms.
The Paypers
JANUARY 16, 2024
UK-based retail bank, Secure Trust Bank Group has launched a new savings app which will be available to new and existing customers.
PYMNTS
SEPTEMBER 28, 2020
Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. The launch comes a few weeks after Ant Group filed its initial public offering (IPO), which could be the biggest listing in the country’s history. billion yuan ($10.5
Perficient
NOVEMBER 15, 2020
Securing the app (conditional access with MFA). Since my blogs typically cover all things Microsoft Teams, we’ll discuss how you can use Microsoft Endpoint Manager to secure Microsoft Teams! Now that the app policy has been created we’ll need to assign it to a group of users. Securing the App.
PYMNTS
NOVEMBER 3, 2020
One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. Securities and Exchange Commission (SEC) Chairman Jay Clayton said that corporate America needs to do more to address the issue. elections or fraudsters looking to take advantage of the pandemic’s eCommerce trends.
BankInovation
FEBRUARY 15, 2024
Financial institutions prioritize investment in cybersecurity technology but no matter how much they spend for protection, their systems and data remain vulnerable. “You could never say any organization is 100% secure and they’ll never be hacked,” Ray Kelly, fellow at cybersecurity company Synopsys Software Integrity Group, told Bank Automation News, (..)
PYMNTS
APRIL 5, 2019
Dozens of cybercriminal groups have found a home on Facebook , using the platform’s online marketplace to sell illegal services such as stolen credit card information, as well as account theft and spamming tools, according to Cisco Systems’ Talos security unit.
PYMNTS
NOVEMBER 4, 2019
The International Organization of Securities Commissions (IOSCO) said existing securities rules could be applied to Libra, Facebook’s proposed cryptocurrency, according to a report by Reuters. That would mean that regulation already in place for securities, like reporting, disclosures and registration, could be applied to Libra. .
PYMNTS
NOVEMBER 3, 2020
As China's Ant Group readies for its IPO — the biggest ever — founder Jack Ma wanted to clarify that the company is a tech firm, not a bank, Reuters reports. Ant, formed in 2004 as Alibaba's payments processor, also works to connect China's borrowers and lenders and can secure short-term loans in minutes.
Payments Source
FEBRUARY 9, 2021
Michael Moeser, Senior Analyst at PaymentsSource, talks to Kevin Weller, a senior director in the security and products group at Visa; and Jaime Howard, head of product and marketing at Cardinal Commerce; about the growing role of 3-D Secure 2.0, also known as EMV 3DS.
PYMNTS
AUGUST 21, 2020
As it aims for an approximately $225 billion valuation, Ant Group intends to seek dual listings in Shanghai and Hong Kong in the weeks to come, Bloomberg reported, citing unnamed sources. The news comes as Ant Group gained profits of $1.3 million in earnings for Alibaba Group Holding Ltd., Alibaba Group Holding Co.
PYMNTS
OCTOBER 22, 2020
Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. Ant, the FinTech backed by China's Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai in the next few weeks, according to sources quoted by Reuters.
PYMNTS
NOVEMBER 3, 2020
Several regulatory agencies — the People’s Bank of China (PBOC), Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange — summoned Ma, the controlling shareholder in Ant Group, on Monday (Nov. 2) to answer questions behind closed doors. billion in 2019. .
PYMNTS
DECEMBER 2, 2020
China’s Ant Group, which owns the widely used Alipay payments app, is looking at selling its 30 percent stake in India’s Paytm as friction between the two countries grows, sources told Reuters. Reuters said Paytm, which is partly backed by Japan’s SoftBank Group Corp., Like Alipay, Paytm is a digital payments platform.
PYMNTS
NOVEMBER 3, 2020
Jack Ma has seen his net worth plunge by $3 billion after the Ant Group double initial public offering (IPO) was suspended on Tuesday (Nov. Ant Group was looking to raise around $35 billion in proceeds from the offering. Ma also owns 4.2 percent of Alibaba, which has a market capitalization of $775.5
PYMNTS
AUGUST 26, 2019
Postmates is joining DoorDash and Caviar in offering its customers the option to place group orders. Group Orders allow you to share orders with friends so they can add items into your shared basket,” the company explained. Name your group, set a spend limit for your guests, and share it out.”. billion valuation.
PYMNTS
DECEMBER 14, 2020
Treasury and Commerce departments are unable to protect their digital databases, lesser organizations would be seemingly hard-pressed to prevent similar security breaches. When an aggressive group like this gets an ‘open sesame’ to many desirable systems, they are going to use it widely.”. The thinking goes that if the U.S.
PYMNTS
SEPTEMBER 30, 2018
Ripple , the blockchain startup, is heading up a new cryptocurrency lobbying group called Securing America’s Internet of Value Coalition. Coindesk noted that most of the members of the new lobbying group have ties to Ripple. Coindesk pointed to Coil as one example. Its founder is the former chief technology officer at Ripple.
The Paypers
DECEMBER 13, 2023
France-based payment services provider Worldline has secured a payment licence to perform domestic and cross-border payments and merchant acquiring services in Singapore.
PYMNTS
OCTOBER 26, 2020
Ant Group was said recently to be pondering a $280 billion minimum valuation for the double listing, a 12 percent hike from the previous amount speculated. The dual listing recently cleared its last hurdle of approval when China's top security regulator gave it the OK.
Bank Innovation
AUGUST 23, 2017
A representative of Fosun Group, which, at $13.1 billion, is China’s largest private investment conglomerate, has confirmed that it has invested “tens of millions of yuan,” or multi-millions of US dollars, into a Shanghai-based startup responsible for a local blockchain technology platform.
PYMNTS
OCTOBER 19, 2018
Internet hackers have pilfered $882 million of digital currency from crypto exchanges since last year, but one group in particular has netted roughly half that amount: Group-IB noted in a report that a North Korean hacking group, Lazarus, has taken $571 million through an analysis of 14 different attacks, The Next Web reported.
PYMNTS
JUNE 9, 2020
Reports of a hacker-for-hire group dubbed “Dark Basin,” which has targeted journalists, advocacy groups and elected officials, are rocketing around the world. The Citizen Lab report links Dark Basin “with high confidence to individuals working at an Indian company named BellTroX InfoTech Services,” which uses other names as well.
PYMNTS
JANUARY 7, 2021
China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. China TransInfo Technology Corp.
PYMNTS
DECEMBER 27, 2020
Financial regulators in China are moving to curb the influence of Jack Ma 's Ant Group by telling it to switch focus back to its mainstay payments business while fixing issues in personal lending, wealth management and more, The Wall Street Journal (WSJ) reports. The People's Bank of China criticized Ant on Sunday (Dec.
PYMNTS
JUNE 4, 2020
Before that, the group claimed to have attacked Michigan State University and Columbia College of Chicago, in a dark web blog accessed by Cointelegraph. The information comes from a ransomware gang, boasting that they successfully attacked the University of California San Francisco on June 3, the most recent attack.
Perficient
SEPTEMBER 21, 2023
Some data may exist in secure warehouses, others within Salesforce, or Amazon Web Services S3. Salesforce Data Cloud Securely Brings It All Together Businesses can leverage the power of tools such as Salesforce’s Data Cloud to bring together multiple data sets.
PYMNTS
DECEMBER 18, 2019
To create and promote the adoption of a new royalty-free connectivity standard to make smart home products more compatible with security as a design tenet, Amazon, Google, Apple and the Zigbee Alliance unveiled a new working group. It is created around the idea that smart home devices should be seamless, reliable and secure.
PYMNTS
JUNE 23, 2017
Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants.
PYMNTS
APRIL 4, 2019
SWIFT announced Thursday (April 4) that its working group of payments industry experts is creating a common end-to-end implementation to increase the move of cross-border transactions to the ISO 20022 standard. In a press release, SWIFT said the community has decided to create the standard in light of multiple planned migrations to ISO 20022.
PYMNTS
OCTOBER 22, 2020
If so, Chinese FinTech Ant Group has a deal for you. As Ant Group is on the verge of launching a blockbuster, $35 billion IPO , its blockchain business, AntChain, has unveiled a new platform designed to help those on the creative side of the aisle protect their work from poachers.
CFPB Monitor
SEPTEMBER 6, 2022
I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.
PYMNTS
OCTOBER 28, 2020
Jack Ma’s Ant Group broke records on Wednesday (Oct. CICC and China Securities Co. The billionaire founder of China’s eCommerce giant Alibaba, an Ant Group affiliate, Ma is poised to add some $27 billion to his fortune after the IPO, a Forbes report said. Citigroup, J.P. are leading the Shanghai listing. .
ATM Marketplace
MARCH 6, 2024
Criminal groups are now highly organized, specialized, and targeting specific attack vectors, particularly on ATMs. ATM attacks may differ in methods and intensity across regions, but many common global attack patterns exist. Some of these attacks are escalating at an alarming rate and becoming worldwide concerns.
PYMNTS
FEBRUARY 14, 2020
CIT Group Inc. Companies can shop for products, receive credit approval, choose terms and get documents to secure their purchases through an electronic experience. has debuted a new version of its B2B point-of-sale (POS) lending platform to help enable real-time lending for business purchases, the company said in an announcement.
Bank Innovation
MARCH 1, 2018
Credit Suisse Group and Dutch bank ING Groep NV today announced they successfully completed a €25 million ($30.48 million) securities lending transaction using blockchain-based software created by blockchain consortium R3.
The Paypers
NOVEMBER 9, 2023
Global identity and secure digital services provider IN Groupe has entered an agreement with Nexi to acquire the latter’s eID business.
PYMNTS
MARCH 20, 2019
Delivery and pickup company Postmates has added a free group delivery option, according to reports. . The service is called Postmates Party, and it lets customers have meals delivered as part of a group. Postmates said people can order from Shake Shack, The Halal Guys and Blaze Pizza, among others, and use the group option.
Bobsguide
JUNE 10, 2020
Fintechs must show that they have a solid business model focused on achieving profitability, not just rapid growth if they are to secure investment, according to venture capitalist firm, Anthemis Group. The coronavirus crisis may have already cost UK fintechs as much as £1.9bn, according to.
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