Credit: The Paypers
Hello fintech friends,
Hope you are having a great week so far. Are you ready for the much anticipated NY Fintech Week next week? TWIF is hosting a few events (I added them in the below), and we're excited to have you there!
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This Week in Fintech NY Fintech Week Events
Monday, April 21
Tuesday, April 22
Thursday, April 24
And now, let’s dive into this week’s fintech news update.
Licensing & Regulations
Binance is reportedly seeking to remove US regulatory oversight, aiming to ease compliance burdens and regain more control over its operations.
China is considering opening its $520 billion ETF market to Western market makers, potentially inviting more foreign participation and liquidity.
Hong Kong regulators aim to attract US-listed mainland companies for dual/secondary listings.
Hong Kong's SFC approved Ethereum staking services for licensed crypto exchanges HashKey and OSL.
DBS and Bank of China were recently targeted by ransomware attacks, highlighting ongoing cybersecurity challenges in the banking sector.
Financing
Shein clears UK regulatory hurdle for London IPO but still waiting for China's go-ahead.
JD.com plans to invest 200 billion yuan ($27.35 billion) to help exporters pivot towards the domestic market amid ongoing trade tensions.
eToro has added all HKEX-listed stocks and exchange-traded products to its platform, expanding investment options for retail traders.
Product & Partnership Launches
Acadia has expanded into China with its first securities client.
Stripe now supportsWeChat Pay, making it easier for merchants to accept payments through one of China’s most popular platforms.
Ant Group's WorldFirst launched an SME card aimed at simplifying payments for small and medium-sized enterprises.
PingPong has partnered with Trulioo to automate business verification and watchlist screening, reducing manual onboarding and ensuring compliance with KYB and AML regulations across regions.
Adobe teamed up with Ant Group's Antom in Hong Kong to to offer better payment experiences for Adobe customers across Asia.
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