Blockchain
Xinhua Silk Road: Experts meet to discuss financial technology innovation, development and Chengdu’s role as fintech highland
A number of well-known experts in financial sector gathered at the Jiaozi Financial Museum on Friday, a cultural landmark in Chengdu, capital city of southwest China’s Sichuan Province, to jointly explore the path of financial technology innovation and development, aiming to accelerate the building of Chengdu as a financial technology development highland.
Chengdu has a long history of financial innovation. One thousand years ago, the world’s earliest paper money called Jiaozi was born here.
In recent years, under the goal of building a western financial center in the country’s southwestern Chengdu–Chongqing area, Chengdu has promoted the financial technology industry to build a strong chain, strengthened the application of financial technology innovation, and continuously gathered the financial technology industry represented by big data, cloud computing, artificial intelligence (AI), blockchain and Internet of Things.
Chengdu has a solid financial industry background, with national demonstration zones such as the National Independent Innovation Demonstration Zone and the National New Generation Artificial Intelligence Innovation and Development Demonstration Zone, and rich scientific and educational resources. It is a dream capital and a dynamic city for innovators and entrepreneurs, said Liang Qizhou, Director of the Chengdu Municipal Local Financial Regulation Bureau.
In the latest edition of the Global Financial Centres Index (GFCI34), Chengdu’s financial technology specialty ranks 18th in the world, 4th in Chinese mainland cities, second only to Shenzhen, Shanghai and Beijing, ranking the first in the central and western regions in China.
Through continuous efforts in recent years, Chengdu’s financial technology development system and mechanism have been continuously improved, and the national financial technology innovation pilot has been landed. Chengdu’s financial technology shows a good development trend of high activity, good growth and strong innovation, with its influence and radiation are constantly improving, Liang added.
Li Zheng, vice president of the Central University of Finance and Economics, believes that the source of financial technology innovation lies in the financial technology ecology. To achieve the overall improvement of financial services to the real economy in terms of speed, breadth and precision, it is necessary to continuously improve the quality of finance itself and better serve the real economy by integrating new technologies such as AI.
The post Xinhua Silk Road: Experts meet to discuss financial technology innovation, development and Chengdu’s role as fintech highland appeared first on Hipther Alerts.
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Helping Journalists Stay Up to Date on Industry News
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The post This Week in Finance News: 11 Stories You Need to See appeared first on .
Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
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