According to Investopedia http://www.investopedia.com/terms/f/fintech.asp#ixzz4fOKMHyUp Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. Originally, the term applied to technology applied to the back-end of established consumer and trade financial institutions. Since the end of the first decade of the 21st century, the term has expanded to include any technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment and even crypto-currencies like bitcoin.

Financial Institutions are gearing up to either compete with or join forces with Fintech company’s. the smart one’s are partnering. The largest populous available for Fintech is China.

A small but emerging Fintech Company, First Global Data (TSX,V: FGD) has recently established itself as a potential player in this hefty market. FIRST GLOBAL AND LIANLIAN PAY TO LAUNCH SOCIAL MESSAGING PAYMENTS AND REMITTANCE SERVICE TO OVER 100 MILLION USERS AND MERCHANT PARTNERS. http://www.stockhouse.com/news/press-releases/2017/04/19/first-global-and-lianlian-pay-to-launch-social-messaging-payments-and

The challenge for First Global and other company’s in its space is to get as many users before its competitors do. That’s where having strong relationships pay off.


According to Sarah Hsu of Forbes https://www.forbes.com/sites/sarahsu/2017/04/24/the-challenges-chinas-booming-fintech-sector-will-need-to-tackle-for-longterm-growth/#14faecfa7646

“China’s financial technology sector is taking off, allowing customers to easily make payments, obtain loans and invest online. In fact, global fintech venture capital investment has driven China’s industry, as financial technology overtakes traditional banking channels as a complement to technological changes. This contrasts with overall global declining investment in fintech, and is a sign of China’s attractiveness as an up-and-coming supplier of fintech, with a potentially huge demand payoff. Still, China’s fintech growth is not without its challenges.

China as global fintech leader

Venture capital investment in Chinese financial technology firms surpassed $6.7 billion in 2016. The reason for this is simple: China is home to the largest markets for digital payments and online lending. About 40% of consumers use new payment methods. As a result, China boasts the world’s four largest fintech “unicorns,” or startups valued at over $1 billion, including Ant Financial, Lufax, JD Finance and Qufenqi. These firms received large amounts of funding in 2016, with Ant Financial alone receiving $4.5 billion.

Recent deals reveal that fintech firms are getting funded and also funding other firms. China Rapid Finance, a peer to peer lending company, has been approved for listing on the New York Stock Exchange and is planning to raise $100 million for its IPO. Chinese fintech firm CreditEase signed an agreement to provide up to $1.4 billion in funding to American real estate firm Tishman Speyer through sales of its wealth management products. Tishman has over 17 million square feet of real estate projects already in China.


How is fintech on the rise in China?

Fintech is on the rise in China, and can be found everywhere. Shoppers can make payments using bar codes on their phones or scanning a QR code and paying through WeChat or Alipay. Investors place funds into online investment funds, such as Yu’e Bao. Individuals can obtain insurance coverage online, or access online brokerage and personal finance websites.

Fintech in China is also innovative. Some firms, such as ChinaPnR, analyze biometrics to ensure transaction security. Other fintech firms incorporate big data in order to determine whether potential clients are credit risks. For example, online lender Dumaio uses big data to approve or decline borrowers on their mobile devices. Business strategy is also innovative, striving to fulfill the needs to underserved groups, such as students, laborers, and rural residents. Anxindeli, for one, provides financial services to the agriculture industry.


Online payments are predicted to rise, as e-commerce continues to expand and online payments multiply. JP Morgan estimates that online payments will rise four-fold by 2020. This could mean widening profits for Alibaba and Tencent, holding 55% and 33% of the online payment market already. Online shoppers contribute statistics to the big data troves of these major fintech players, which also lends the incumbents greater credit access.

China’s fintech sector is on the rise, and despite some challenges, the industry appears to be a bright spot in China’s economy. Both demand and supply factors remain strong, and should continue to drive global growth in the sector.” SaraHsuChina.

The race to capitalize on China’s hot fintech market is on. Out of all of the players, the proverbial statement applies, “only the strong will survive.”

Happy Investing!

Dr. Kal KoTECHa




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