Ant Group

The Hunt for the Best in Fintech - Leadership, Innovation, AI Technology Shaping Future Growth

Retrieved on: 
Wednesday, March 20, 2024
Machine learning, Consumer, Growth, Klarna, IPhone, AML, ACH, Blockchain, Zettle, Muumuu, CNBC, Statista, Revolut, Research, Stripe, News, Ant Group, CME, Investment, Cloud computing, Fraud, Venmo, Chicago Mercantile Exchange, BSA, Patent, Iconic, Artificial intelligence, Cryptocurrency

Report Ocean says, "The global Fintech market is on an unparalleled growth trajectory, projected to soar at an impressive CAGR of 25.0% from 2022 to 2028.

Key Points: 
  • Report Ocean says, "The global Fintech market is on an unparalleled growth trajectory, projected to soar at an impressive CAGR of 25.0% from 2022 to 2028.
  • "Escalating investments in technology-driven solutions, including Artificial Intelligence (AI), Machine Learning (ML), cloud computing, and blockchain, are propelling the Fintech sector forward."
  • With strong growth on the horizon for Fintech stocks, the Industry is recognizing excellence and innovation in payments and financial technology to showcase the leaders.
  • For investors, industry recognition is another tool for due diligence, but using the company's technology is the best first hand test for defining the winners of the future.

Ant Group Launches Partnership on International Consumer Friendly Zones Program in China, Partnering With Global E-wallets, Card Organizations

Retrieved on: 
Monday, April 8, 2024
Electronic Commerce, Technology, Digital Cash Management, Digital Assets, Apps, Applications, Mobile, Wireless, Other Travel, Payments, Retail, Transportation, Fintech, Travel, Small Business, Marketing, Finance, Communications, Banking, Professional Services, Other Technology, Telecommunications, Internet, Online Retail, TrueMoney, JCB, Mastercard, Visa, Diners Club International, Bank, Ant Group, Bank of China, City, IBM Consulting, Tourism, Commerce, State bank, KakaoPay, Multimedia, Lakson Group, Online shopping

Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.

Key Points: 
  • Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, launched in Beijing a nationwide Program to build International Consumer Friendly Zones across major Chinese tourist and commercial cities, with the support of relevant authorities and local governments.
  • Working with local merchants, tourism sites and commercial districts, the Program aims to enhance international visitors' experience and drive business for local merchants.
  • As part of the International Consumer Friendly Zones program, Ant Group will collaborate closely with partners to significantly enhance accessibility and convenience of the two mobile payment options for international visitors.
  • Jake Xue, General Manager, Global Business Services, Ant Group, said, “Seamless payment and consumer experience is critical for international travel as well as for broader cultural and economic exchange.

LexinFintech Holdings Ltd. Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results

Retrieved on: 
Wednesday, March 20, 2024
PIN, Quarter, Software as a service, Marketing, Research, Policy, PAG, Tech, Risk management, Ant Group, Senior, Credit, ASC, GMV, GAAP, LX, Growth, CFO, Table, ADS, Ecosystem, Collection, Video game

Total loan originations2 in the fourth quarter of 2023 was RMB61.2 billion, an increase of 9.2% from RMB56.1 billion in the fourth quarter of 2022.

Key Points: 
  • Total loan originations2 in the fourth quarter of 2023 was RMB61.2 billion, an increase of 9.2% from RMB56.1 billion in the fourth quarter of 2022.
  • Fourth Quarter 2023 Financial Highlights:
    Total operating revenue was RMB3,509 million, representing an increase of 15.1% from the fourth quarter of 2022.
    Credit facilitation service income was RMB2,727 million, representing an increase of 38.9% from the fourth quarter of 2022.
  • Fourth Quarter 2023 Financial Results:
    Operating revenue increased by 15.1% from RMB3,050 million in the fourth quarter of 2022 to RMB3,509 million in the fourth quarter of 2023.
    Credit facilitation service income increased by 38.9% from RMB1,964 million in the fourth quarter of 2022 to RMB2,727 million in the fourth quarter of 2023.
  • Investment loss was RMB302 million in the fourth quarter of 2023, as compared to RMB38.4 million in the fourth quarter of 2022.

Ant Group, Paysend, and Nium Competitive Benchmarking Report 2024: Operational Trends, Product Services, and Revenue Models

Retrieved on: 
Friday, March 15, 2024
Digital marketing, Collection, Cross, Ant Group, Customization, Online shopping

DUBLIN, March 15, 2024 /PRNewswire/ -- The "Leading Mobile Payment Providers and Their Cross-Border Financial Services: Ant Group, Paysend, and Nium" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 15, 2024 /PRNewswire/ -- The "Leading Mobile Payment Providers and Their Cross-Border Financial Services: Ant Group, Paysend, and Nium" report has been added to ResearchAndMarkets.com's offering.
  • This report aims to understand the current status of the cross-border payment market by observing market data and international government promotion.
  • Influenced by the recovery of international travel, the increasing demand for overseas payments, and the enhancement of payment convenience by mobile payment apps, the global cross-border payment market continues to grow.
  • It also analyzes the operational trends, product services, and revenue models of three leading international mobile payment service providers, including China's Ant Group, UK's Paysend, and Singapore's Nium, with an aim to explore key development trends in the global cross-border market.

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Retrieved on: 
Wednesday, March 13, 2024
Galaxy Macau, Public bank, COVID 19, Advanced Info Service, Average cost, Growth, Alibaba Group, WeChat Pay, Tourism, MGM, Government, HKEX, TrueMoney, European Economic Area, Life, Sport, Macau Pass, OCBC, Digital technology, SME, Naver Pay, Statistics, GCash, Ant Group

AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year

Key Points: 
  • AGTech Announces Second Interim Results Ended December 31, 2023, Revenue Increases 69% Year-on-Year
    (Hong Kong, February 23, 2024) – AGTech Holdings Limited (“AGTech” or the “Group”, HKEX stock code: 8279) today announced its second interim results for the twelve months ended December 31, 2023.
  • • EBITDA of the Group for the 12-Month Period was approximately HK$39.5 million (Twelve months ended December 31, 2022: Negative EBITDA of approximately HK$37.7 million).
  • The profit for the 12-Month Period was approximately HK$29 million (12 months ended December 31, 2022: loss of approximately HK$131 million).
  • The change from operating loss to profit was mainly due to: (1) the increase in total revenue; (2) the increase in net finance income.

BaaS provider Morpheus Labs to Integrate Coinweb's Cutting-Edge Technology and Unveils Strategic Partnership

Retrieved on: 
Thursday, February 22, 2024
Name, Growth, Blockchain, POC, Ant Group, Partnership, Cryptocurrency

The partnership between Morpheus Labs and Coinweb presents a compelling opportunity for both parties.

Key Points: 
  • The partnership between Morpheus Labs and Coinweb presents a compelling opportunity for both parties.
  • Morpheus Labs will integrate Coinweb's cutting-edge tools into its platform, providing its diverse customer base with access to advanced blockchain technologies.
  • Morpheus Labs will use Coinweb's platform as a preferred supplier to access blockchain technology, with the aim of facilitating the immediate development of projects directly on Coinweb, from startups to household names.
  • This collaboration empowers developers within the Morpheus Labs ecosystem, enabling them to leverage the full potential of Web3 technologies and drive innovation across diverse industries.

Media Alert: Intel at Open Confidential Computing Conference 2024

Retrieved on: 
Friday, March 8, 2024
Software, Networks, Hardware, Artificial Intelligence, Data Management, Technology, Semiconductor, Security, Edgeless, Architecture, Growth, MMIO, Microsoft Azure, Coco, SDK, Acceleration, Trust (social science), Central processing unit, Workload, Hope for Justice, VM, SGX, TCB, OC3, CCNP, Memory, GPU, Pasupathy, AMD, BIOS, Microsoft, Ant Group, Partnership, Computer, HPC, Operational technology, Linux kernel interfaces, API, Azure, Safety, Data mapper pattern, CVM, Research, NRAS, Intel, AI, Risk, OS, Rest, Computer security software, Graphics processing unit, TEE, Justice, CPU

Clouds are varied in their infrastructure and multiple confidential computing vendors, each potentially with multiple product generations, offering confidential CPUs, GPUs and other special-purpose processing units.

Key Points: 
  • Clouds are varied in their infrastructure and multiple confidential computing vendors, each potentially with multiple product generations, offering confidential CPUs, GPUs and other special-purpose processing units.
  • Technical readiness and market momentum will converge in 2024 to accelerate growth and adoption of confidential computing.
  • Intel and Nvidia deliver confidential computing technologies that establish independent TEEs on the CPU and GPU, respectively.
  • Intel technology enables the Private Data Exchange to leverage confidential computing, which processes sensitive data out of view from unauthorized software or system administrators.

Global Digital Talent Community 10x1000 Partners With FINOLAB for Closing Digital Skills Gap

Retrieved on: 
Tuesday, March 5, 2024
Professional Services, Education, Philanthropy, Other Philanthropy, Finance, Other Education, Fintech, Memorandum, Senior, Money, Multimedia, Memorandum of understanding, Learning, Organization, Ecosystem, Knowledge, Ant Group

The Global Digital Talent Community 10x1000 Tech for Inclusion (“10x1000”) and FINOLAB, a Tokyo-based fintech office and business community, have entered into a collaborative effort to enhance digital capacity and drive digital economic growth.

Key Points: 
  • The Global Digital Talent Community 10x1000 Tech for Inclusion (“10x1000”) and FINOLAB, a Tokyo-based fintech office and business community, have entered into a collaborative effort to enhance digital capacity and drive digital economic growth.
  • View the full release here: https://www.businesswire.com/news/home/20240305260615/en/
    The Global Digital Talent Community 10x1000 Tech for Inclusion (“10x1000”) and FINOLAB have entered into a collaborative effort to enhance digital capacity and drive digital economic growth.
  • The MoU was signed by Jennifer Tan, Program Head for 10x1000 Tech for Inclusion, and Makoto Shibata, Head of FINOLAB and Chief Community Officer at FINOLAB.
  • “Our members would benefit immensely from the knowledge accumulation of 10x1000 and we may also be able to contribute our experiences in Japan to the 10x1000 community members.

Ant Group Recognized for Innovation Excellence As a Top 100 Global Innovator 2024

Retrieved on: 
Tuesday, March 5, 2024
Professional Services, IOT (Internet of Things), Blockchain, Technology, Fintech, Artificial Intelligence, Internet, Reward, Multimedia, Artificial intelligence, Clarivate, AI, Intelligence, Lookahead, Internet of things, Risk, Account verification, GPU, Organization, Ecosystem, Patent, Medicine, GitHub, Intellectual property, Trust, PyTorch, Development, Chinese New Year, White, Ant Group, Cryptocurrency

For the third consecutive year, Ant Group, a global digital technology provider, has been recognized as a Top 100 Global Innovator™ 2024 by Clarivate™, a global leader in connecting people and organizations to intelligence they can trust to transform their world.

Key Points: 
  • For the third consecutive year, Ant Group, a global digital technology provider, has been recognized as a Top 100 Global Innovator™ 2024 by Clarivate™, a global leader in connecting people and organizations to intelligence they can trust to transform their world.
  • View the full release here: https://www.businesswire.com/news/home/20240305020027/en/
    Clarivate recognizes Ant Group as one of the Top 100 Global Innovators 2024 (Graphic: Business Wire)
    Gordon Samson, President, Intellectual Property, Clarivate, said, “We congratulate Ant Group for being named as a Top 100 Global Innovator again.
  • To feature as a Top 100 Global Innovator is no mean feat as maintaining an edge in the innovation ecosystem is harder than ever.
  • "Our recognition by Clarivate as one of the Top 100 Global Innovators is a testament to our innovation capabilities," said Shen PAN, Director of Patents at Ant Group.

Redefining Finance: KSA Fintech Market Soars at 12.5% CAGR, Fueled by Vision 2030 and Digital Transformation: Ken Research

Retrieved on: 
Tuesday, February 27, 2024
PayPal, BNPL, Wealth management, Yaqeen, Research, Artificial intelligence, Traction, STC, Risk management, Growth, Computer security, Future, Digital, Government, API, Insurance, SAMA, Kingdom, Risk assessment, Blockchain, Ecosystem, Fintech, Vision 2030, KSA, Consumer, Payment, Ant Group, Stripe, Ant

Ken Research's comprehensive report, KSA Fintech Market Outlook to 2028: Shaping the Future of Finance, delves into this dynamic market, projecting a remarkable 12.5% CAGR over the next five years.

Key Points: 
  • Ken Research's comprehensive report, KSA Fintech Market Outlook to 2028: Shaping the Future of Finance, delves into this dynamic market, projecting a remarkable 12.5% CAGR over the next five years.
  • Several key factors are propelling the KSA fintech market towards a future brimming with innovation:
    Vision 2030: The government's ambitious plan prioritizes financial inclusion and digital transformation, creating a conducive environment for fintech adoption through supportive regulations and infrastructure development.
  • Shifting Consumer Preferences: Younger generations are increasingly tech-savvy and open to embracing alternative financial solutions, seeking convenience, personalization, and transparency.
  • The KSA fintech market features a diverse mix of players:
    Global Fintech Giants: Established players like PayPal, Stripe, and Ant Group are entering the market with their global expertise and advanced technologies.