China Banking Research

Jun

Italian authorities investigate Bank of China Milan branch on suspected money laundering-related transfers

As Italy’s economy is struggling to find growth opportunities, well-off Chinese immigrants and businessmen seem to do well in the country. Chinese individuals are reported to be buying everything from fancy cars to real estate and are opening small businesses. But according to local government, their prosperity was not reflected…

Jun

China Banking Research

Is MYBank’s self-reliance on in-house cloud feeding the de-IOE (IBM, Oracle, EMC) trend?

Since Beijing became more cautious on the use of foreign technology in the banking sector, Chinese banks have been intensely trying to figure out what to do next. One bank is not waiting and it’s no surprise that the soon-to-launched Alibaba-affiliated internet private bank MYbank is moving in lockstep with…

Jun

China Banking Research

Alibaba’s internet bank MyBank joins the online banking battle

A whole generation of ordinary Chinese have been neglected in terms of wealth management and banking with high minimum investment thresholds or VIP-only products preventing only a select few from getting access to traditional wealth management products. Alibaba and Tencent have brought innovative internet finance based services such as Tenpay…

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China Banking Research