Fintech

Preliminary investigations into the data breach suggest that it was a malicious cyber attack on the company.

Tencent’s WeBank also joins the six state-owned banks in the pilot.

Wise processes USD 6.3 billion in cross-border transactions every month.

The regulator intends to bring down the leverage ratio of Chinese fintech companies.

Waterdrop had around 330 million paid users at the end of June.

Shopee is preparing the infrastructure to transform Bank BKE into a digital bank.

Bank Syariah Indonesia is a consortium of three state-owned banks that will redefine the region’s Islamic economy.

Turning profits in BNPL relies heavily on economies of scale, but the future looks bright for companies that manage to strike the delicate balance.