Regulators are still supportive of banks and insurers working with online platforms.

Poor performance of earlier neobanks have cast a doubt on their ability to gain income.

It coincides with a wider government crackdown on tech giants' financial activities.

Five men and two women between the ages of 30-37 were arrested in raids.

Whilst impaired loan estimates remain the same, asset quality risks have increased.

Over 20 private bankers, investment analysts were hired.

Up to 373 million locals could open a digital-only bank account in the next five years.

Financial firms should analyse and share threat intelligence within the ecosystem.

The tech startup has raised $3b in stock offering for its business expansion plans.

It bought the remaining 30% stake of GoPay last December.

Q3 FY2021 earnings are set to jump 6.5%.

There's a price to pay for not investing in China, said UBS' Eugene Qian.

And Italy's Monte dei Paschi di Siena will open books to possible partners.

Outstanding loans reached $5.5t in December, 6.2% higher than last year.

Non-bank payment services will now have to be at least 15% locally owned.

The value of M&A deals, equity issuances, and primary bond offerings also smashed records.

It will help steer banks’ credits towards companies with stronger balance sheets.

Consumers are willing to trade their personal info for more tailored service offerings, says Accenture's Paul Ng.

Mastercard has collaborated with fintechs that meet the underserved's financial needs.