Taskforce statement highlights favourable nature of English Law for cyrptoassets

Elliott Fellowes, commercial and financial services litigation have outlined the statements published by the UKJT and the Chancellor of the High Court regarding the status of cryptoassets and smart contracts under English law Elliott Fellowes, commercial and financial services litigation associate at Signature Litigation, have initially outlined the statements published by the UK Jurisdiction Taskforce (UKJT) and the Chancellor of the High Court, Sir Geoffrey Vos, in regards to the status of cryptoassets and smart...

360 Finance selected in KPMG China’s Top 50 Fintech companies

KPMG China announced top 50 leading companies in Fintech, and 360 Finance, Inc., a leading digital consumer finance platform, awarded one of the top 50 companies of the year. KPMG China Leading 50 Fintech Companies is an authoritative list which is devoted to promote Chinese fintech companies to be researching and learning examples in the worldwide. This list makes the application of the latest technology, financial model innovation, transformation to the traditional finance and improvement of financial efficiency as...

Pintec Cooperates with China Unicom’s Unicompay to Expand Handset Financing

Pintec Technology Holdings Ltd. (“Pintec”;NASDAQ: PT), a leading independent fintech solutions provider, recently announced an agreement with China Unicom. As mentioned in its first nine months earnings call of 2019, Pintec will leverage its digital lending capabilities to enable China Unicom’s payment platform Unicompay to offer next-generation handset financing services to its broad base of subscribers. Unicompay is the telecom operator’s third-party payment platform that runs “WO Wallet” and is committed to offering convenient and efficient...

OneConnect Opens Its Joint Venture in Japan

On December 19, OneConnect announced in Tokyo the official opening of SBI OneConnect Japan, a joint venture with Japanese financial service group SBI Holdings, providing cutting-edge cloud-based and AI technological services to regional banks in Japan to help them to achieve digital transformation. It is reported that in March 2019, this joint venture was incorporated in Japan. This is also the first shot that OneConnect has made to the overseas market after being successfully listed...

ePayRails Announces Rebrand to Fintainium, Inc.

ePayRails, a financial workflow services company, announces that it has rebranded to Fintainium, Inc. The comprehensive rebrand follows the company’s initiative to create an image that more accurately reflects the strong services and value that the company adds to its target client base. The name change of ePayRails to Fintainium reflects the completion of the first step in the company’s rebranding process.  Following the name change the company will soon unveil its new logo, website...

Think Finance Reorganizes and Exits Bankruptcy Protection

Think Finance, a provider of credit and financial wellness tools receives an exit plan and settlement approval from Bankruptcy Court On December 7, 2019, the business operations of Think Finance, and its subsidiaries emerged from Chapter 11 bankruptcy proceedings as reorganized entities following approval of their joint Chapter 11 plan by the United States Bankruptcy Court for the Northern District of Texas. As part of the ruling, the Think Finance entities resolved all governmental and...

OneConnect Announces Pricing of Initial Public Offering

OneConnect Financial Technology Co., Ltd. (OneConnect), a leading technology-as-a-service platform for financial institutions in China, today announced the pricing of its initial public offering of 31,200,000 American Depositary Shares (ADSs), each representing three ordinary shares, at a price to the public of US$10.00 per ADS. OneConnect has granted the underwriters an option to purchase up to an additional 4,680,000 ADSs to cover over-allotments. The total gross proceeds of the offering are expected to be approximately US$358.8...

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