Citic and Baidu Seek Up to $1 Billion for Online Bank

Traditional lenders have been cutting staff and downsizing their branch network amid competition from online payment giants such as Alibaba Group Holding Ltd. affiliate Ant Financial and Tencent Holdings Ltd.


The Bank Of The Future

If banks have the courage to make the right decisions, they have a bright future ahead of them.


Bermuda delegation at New York fintech event

Mr Burrows said: “There were many synergies, and underpinning everything is technology, with digital assets now viewed as an asset class driving every industry sector.